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Edin speaks

Discussion in 'City Talk' started by borderlescott, Feb 10, 2021.

  1. WilsdenBantam

    WilsdenBantam Squad Player
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    It’s not about what fans want or even moving at all, it’s about having a plan A, B, C and D so we don’t get bent over when renegotiating the lease.
     
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  2. Bronco

    Bronco Star Player
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    I thought the RFL leased Odsal Stadium ?.
     
  3. Idlebantam

    Idlebantam Squad Player
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    Agree. If we moved to Odsal that would be me following City by radio and taking the odd game on at Thackley
     
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  4. 1975citygent

    1975citygent Impact Sub

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    I forgot about big Rob, good point.
     
  5. 1975citygent

    1975citygent Impact Sub

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    The argument regarding the rent being both reasonable manageable is a valid one but my thinking was not so much about any substantial development of the stadium because if we eventually attract a money rich buyer (rather than investor) that won't be an issue. In the not too distant future the stadium will need major investment to keep it fit for purpose. Investing in something that isn't even an asset.
     
    Faithful Bantam likes this.
  6. 1975citygent

    1975citygent Impact Sub

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    Even though I also follow Bradford Bulls/Northern (51 years) I totally agree with you. I would much rather we bought back the stadium, redeveloped it and moved the Bulls in with us. Typical of Bradford Council over the years they missed a trick over Odsal Stadium.
    Instead of selling Odsal to the RFL they should have sold the tipping rights, which would have been worth quite a lot, then sold off the land. If Valley Parade was back in Bradford ownership it would have made attracting funding to invest in the Stadium easier with both clubs based there. Bradford Council have never had any long term vision when it comes to professional sport in the district.
    The problems with the pitch are not insurmountable, it just needs some investment and a long term plan. We need to sort out the drainage, which we have gone some way to doing already. Then we need to stop relaying so often. The roots of the grass need time to bed in and take hold.
    Anyone who as ever attended sport at Odsal on a regular basis will tell you that summer rugby league was the best thing that ever happened to that Stadium.
     
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  7. ahar964

    ahar964 Squad Player
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    Oh FFS Wilsden. You've let the cat out of the bag. They'll never fall for it now
     
  8. trevor

    trevor Squad Player
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    The Lease on VP was subject to 5 year rent reviews, The present rent is around half a million a year
     
  9. Bronco

    Bronco Star Player
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    Have they sold the stadium to the RFL or the lease to the stadium.
     
  10. 1975citygent

    1975citygent Impact Sub

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    I'm not sure now, it's been bouncing around that long.
     
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  11. Bronco

    Bronco Star Player
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    #111 Bronco, Feb 11, 2021
    Last edited: Feb 11, 2021
  12. trevor

    trevor Squad Player
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    The council sold the lease only, The stadium is still owned by the council
     
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  13. Ulysses S Grant

    Ulysses S Grant Squad Player
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    They own the lease, which is a long lease so effectively own "the stadium". BMDC are the freeholder so effectively own the ground the stadium is built on.
     
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  14. Bronco

    Bronco Star Player
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    So will the stock car racing pay the RFL for use of the stadium ?.
     
  15. Bigrod

    Bigrod Captain
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    It strikes me as a very astute move, Gordon Gibb and those who are ‘legally’ his family, as recognised and included in the ‘Family’ pension fund, are very likely to do extremely well out of it. Administrators will run it ‘independently’ of the Gibb’s, their brief is probably to be to maximise the profit for the beneficiaries. This is likely to operate in a manner, which has no sympathy whatsoever and why should it? Valley Parade could be termed as a ‘cash cow’ for the Gibb Family Pension Fund, and they are likely to ‘milk it’ for the absolute full return. This is not a charity.
     
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  16. JonButterfield

    JonButterfield Star Player
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    True, but in order to make plan "A, B, C and D" feasible, you have to make them public, otherwise your bluff is pretty easy to call.

    "Or else we'll move to Odsal."

    "No you won't."

    Where do you go from there?

    And the problem with making the 'plans' public, even as a bluff, is that a bunch of babies wouldn't be able to help themselves cry fast enough about the idea of moving to Odsal.
     
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  17. WilsdenBantam

    WilsdenBantam Squad Player
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    It would have to be a plan B which we were willing to go through with, no doubt and it’d have to be a big ‘idea’ style project to get fans on board. Trouble is a lot of the fans who would moan about it would compare it to when we were there in the 80’s but it’d be nothing like that if we came up with a plan to say, buy the ground in 2025 with a renovation project lasting until we moved in. It’d look nothing like the Odsal rugby ground. Make it an all seater with a roof on all sides change the seating, give it a modern feel. It’d probably cost around £5 million plus the cost of buying the stadium, which would have to be secured in business loans but far cheaper than building a new stadium which would probably cost £30 million for one half the size of Odsal and not big enough if we got into the championship which surely has to be the aim? At least we’d have an alternative solution to throw at the Gibb pension fund, take our offer or we’re off and you’ll have an empty stadium where property is so cheap you’d lose money developing it. Valley Parade is only tenable as a sporting venue, they lose their rent and that very nice investment becomes a millstone. And that’s our Ace up our sleeve.
     
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  18. NorthernMonkey

    NorthernMonkey Squad Player
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    Any away game over 3 miles away must be a real bind.
     
  19. Ulysses S Grant

    Ulysses S Grant Squad Player
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    Yes
     
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  20. Dennis

    Dennis Captain
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    I don't know whether it's lazy journalism but it's certainly sloppy journalism. As an easlily checked example, VP was sold for £2.5m and not the £5m quoted above. The confusion comes from the offices, shop etc at VP also being sold at the same time to a development company for about £2.5m hence the £5m being misquoted.

    The ground is owned by the Flamingo Land Pension Fund. Well, that's according to Companies House at the time. The Land Register also records a 25 year lease agreement for the ground (with an optional extension) between Bradford City and The Trustees of the Flamingo Land Pension Fund for the ground. The FLPF is there for the benefit of all Flamingo Land employess and not just the Gibb family and is certainly not some kind of family fortune or tax dodge. Anything other that, anything written or implied by a journo is either sloppy or simply wrong.

    Oh yes, and Gordon Gibb is indeed a trustee of the FLPF. There is nothing untoward in that. Beneficiaries are not precluded from being a trustee of a fund in which they are a member. I happen to have been a trustee of a pension fund in the recent past and expect to be a beneficiary of that fund in the coming years.

    And you're right about Gibb. He was the one who dipped into his pocket (OK, the pension funds!) to buy the ground when the bailiffs were banging on the door. It wasn't either of the Rhodes who offered to do that and the 'Gibb' offer was the best one on the table. According to the Prof, there were at least two other offers on the table but the 'Gibb' offer was the best one from the club's perspective and was therefore accepted. Some don't seem to want to accept that point and prefer to attach blame to Gibb for some reason.
     

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