You expect Lance to discuss commercially sensitive information in a public forum when you won’t. That seems strange. Of course a month to put everything in place is tight and I agree more unlikely than likely but would it matter in the greater scheme of things if it took a few months longer
The revised fixture list is out. Unfortunately 2 games have been moved to the Brewery Field (not great for me as my in-laws are elderly and will not travel there) and the Scarlets game is on the 21st of December instead.
Obtain something and just sell ( turn) for a profit
In this case interested parties could state they needed monies to develop the ground, obtaining a hotel lease / planning from CCSx on this basis ,
They could hold the asset and build the hotel , but this would not immediately fund the ground improvements, and construction costs would also need to be funded
( funding costs for ground improvement and Hotel would create a massive debt and interest payments)
Or
This “asset could be sold on to others who would have very little chance to obtain such a favourable lease / planning
Or, more likely, a consortium of Y11 and Swansea CC could sell shares in a venture in which they "invest" the site. There are umpteen ways of getting it done without losing all future interest in the profits.
Good that this has been settled at last, the layout looks very professional, the 8000 attendance is big enough for the vast majority of matches with probably only 1 or 2 having to go to the Swansea.com stadium.
Excellent news but a lot of work to do now. It is interesting that the turning of the pitch idea seems to have gone. It is following the original lay out which I suspect is being done to make planning easier as it just sits on an existing and historic template. The Swansea end rather than the Mumbles end is now. Wing left for future development. The link with the University Sports Park is going to be critical.
I can well believe it will be a turn but I think they will fund ahead of that turn and get subsequent payback rather than wait for it to be the funding mechanism.
This article by Sion Barry, business editor of Western Mail etc explains how the Parkgate hotel is a good deal for WRU who already owned the site from when they built the stadium.
I half expect Y11 and Swansea CC to9 set up a stadium company and a separate hotel/leisure company with separate finance streams to each other and the regional team though other models are possible. As you say, there is a long way to go yet and we are entering the worlds of high finance and politics.
Whats the insuation being made on the other board, is it that Cardiff and the Turks are going to end up in a revamped Anglo Welsh league, and us and the Dragons remain in the URC?
I worked it out that each Gallagher Prem club owns a share in their league worth around £40M to £50M (using the amount CVC paid for 28%).
No Welsh region has that kind of money to buy in and WRU are hardly likely to support a team playing in a league that competes with the one they co-own.
Anything can happen and the weeks and months ahead will be full of rumours. All we can do is get on with the stadium and be on a position to win any independent tendering process that may happen if the current participation agreement has to be changed. Factors such as primacy of tenure off field revenue generation, population base, business base, city region will be factored in. Even as the second city the dice is loaded against us in an tender without a stadium. With it the dice starts to load in our favour
Can anyone give details on what was said/asked last night please?
No planning consultation,no lease agreement , anyone care to put odds on St Helens being ready for 2025/6 season
The revised fixture list is out. Unfortunately 2 games have been moved to the Brewery Field (not great for me as my in-laws are elderly and will not travel there) and the Scarlets game is on the 21st of December instead.
The only game confirmed in swansea is December 8th
Looking at the fixture list on the website, most of the home games are TBC. after I renewed my ST
My money on a Lease / Development Agreement for the “boys” and a turn
Good that this has been settled at last, the layout looks very professional, the 8000 attendance is big enough for the vast majority of matches with probably only 1 or 2 having to go to the Swansea.com stadium.
Excellent news but a lot of work to do now. It is interesting that the turning of the pitch idea seems to have gone. It is following the original lay out which I suspect is being done to make planning easier as it just sits on an existing and historic template. The Swansea end rather than the Mumbles end is now. Wing left for future development. The link with the University Sports Park is going to be critical.
Whats the insuation being made on the other board, is it that Cardiff and the Turks are going to end up in a revamped Anglo Welsh league, and us and the Dragons remain in the URC?
Lance Bradley on the Ospreys' St Helen's Announcement (youtube.com)
Absolutely terrific news, back home for me.
Awesome news