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Post by Noboddy aka Lord Ealing on Jan 31, 2017 13:12:32 GMT
A Trojan horse indeed. And what good will the development do for the city centre? At a time when the consensus is to limit outer city developments, Worcester gets another cheapskate sprawl of consumer sheds.
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Post by Noboddy aka Lord Ealing on Jan 31, 2017 13:15:04 GMT
I can't help but tend to think it was more like a trojan horse to get planning permission for the M5 corridor. This has all the hallmarks of such a thing to make some particular people very rich indeed at the expense of others... All the Hallmarks - good one Croc.
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Post by Brooksiders Return!! on Jan 31, 2017 13:34:57 GMT
Of course it was a Trojan Horse, we told everyone that years ago, and in return, we got pilloried and spat at down at St Georges Lane. Independent advisors saw through the madness of the agreements in place, but hey, what did they know? Andrew Guy saw it clearly, SHAG saw it clearly, and if the Board had consulted shareholders, the shareholders would have seen it clearly. Why do you think that the sale of SGL was sanctioned without shareholder consultation?
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Post by richwidd on Jan 31, 2017 17:29:30 GMT
For those still waiting in anticipation for the Board's Plan B........... I note that Sixways will be hosting its first 11 a side game on 1st March when the RGS play King's School on the 4G pitch. A forerunner for Plan B chaps ? Other Sixways news is that Anthony Glossop has stepped down as Chairman to be replaced by Bill Bolsover. For those with short memories, Mr Glossop was Chairman of St Modwen when SGL was sold to Carey's, and the WCFC Board entered into the disastrous Nunnery way deal with St Modwen ( you know, the 600 k for eff all deal ) that has financially scuppered the club. The press release of the time says it all " Regeneration specialist St Modwen Properties is to develop a new multi-million pound 6,000 capacity stadium for Worcester City FC on a 7.5 acre site on the edge of the city. The scheme will meet the club's long term aspirations to have a modern stadium to meet Football League requirements. It marks the culmination of years of planning by the Blue Square North club to replace the St George's Lane ground, which has been their home for 102 years. Worcester City FC and St Modwen have entered into a joint venture partnership agreement on the site at Nunnery Way, close to M5 Junctions 6 and 7. Under the agreement the club will acquire the new stadium when completed. A planning application for the stadium, which is allocated in the Local Plan, along with enabling development to support the football club development will be submitted early in 2008. Dave Boddy, chairman of Worcester City, said: "After many years of frustration and waiting, this is the news that all Worcester City FC supporters have been waiting for. "After years of endless negotiations, discussions and meetings with numerous parties, we have finally been able to put together a partnership that has the ability to deliver the new stadium that everybody associated with the club has craved for so long. "We are delighted to be working with such a high profile and reputable company as St Modwen, which has strong roots within the city. "We are determined to build a stadium that will have the commercial non-football income streams to help the club climb up the football pyramid and sustain football at a much higher level. We are also determined to build a stadium that the city and the community will be proud of." Anthony Glossop, chairman of St Modwen, said: "The football stadium is the catalyst for the 20 acre development of which it forms the key part. The remaining 12.5 acres will be developed into an exciting mixed use scheme which will complement and support the football stadium and bring other commercial uses to benefit the city as a whole " As I drive past the rapidly changing site, remembering Mr Glossop's promising words, and see the ' exciting mixed use scheme " in progress, and eagerly await the classy additions of a pub, KFC, car showroom, and warehouses to " benefit the city as a whole", rather than think " catalyst " and " key part ", I can't help but tend to think it was more like a trojan horse to get planning permission for the M5 corridor. Still never mind, St Modwen's got the planning permission, we got no ground and a bill for 600k for fresh air. I seem to remember the late Lord Ealing made a rather special photo about the above mentioned stitching us upsigning of the contracts.
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Post by Noboddy aka Lord Ealing on Jan 31, 2017 18:28:40 GMT
I assume you mean this. It was grim at the time, grimer now.
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Post by adycrean on Jan 31, 2017 22:17:36 GMT
Sounds pretty compelling to me...
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Post by Noboddy aka Lord Ealing on Jan 31, 2017 22:20:08 GMT
Is he Farage in disguise?
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Post by alwaysnextyear on Feb 2, 2017 14:52:16 GMT
Unfortunately not, Farage wanted Brexit and got it, Dave Boddy wanted a new ground, and we got nothing, and St Modwen got 600 k !
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Post by Brooksiders Return!! on Feb 2, 2017 15:48:16 GMT
Unfortunately not, Farage wanted Brexit and got it, Dave Boddy wanted a new ground, and we got nothing, and St Modwen got 600 k ! SMD got £600k just for compensation paid to SMD to be released from the contract. I don't think that its ever really been clarified just what the overall amount paid out to SMD over the years was. There were a number of open ended charges held over SGL with SMD from 2009, which still show as outstanding at Companies House. What we do know is that even considering the final sale price of SGL or around £3 million, the club now have less than £500k left. Even allowing for £1.5 million of bank debt, whats happened to the other million?
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bj
Squad Member
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Post by bj on Feb 2, 2017 22:27:35 GMT
Didn't we have a Capital Gains bill?
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Post by Noboddy aka Lord Ealing on Feb 2, 2017 23:02:53 GMT
A missing million pounds and a board who won't step down? It's a good job I'm not suspicious or I might jump to the wrong conclusion.
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Post by lancashirelad on Feb 3, 2017 12:12:07 GMT
Didn't we have a Capital Gains bill? Yes but how much? It could have been as little as 10% or as much as 30% depending on when it happened / and was paid. Of course if WCFC had just swapped SGL for a new ground at Nunnery no CGT would have had to be paid. What a sad story.
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Post by Croc on Feb 3, 2017 12:41:08 GMT
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Post by Bonzo Bitburg on Feb 3, 2017 14:47:59 GMT
Hasn't there been 6 or 7 years of huge losses accounting for about half or more of the missing million?
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Post by richwidd on Feb 12, 2017 0:07:07 GMT
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Post by Noboddy aka Lord Ealing on Feb 12, 2017 9:36:21 GMT
History is being re-written. We should expect a lot of whitewashing over the facts to protect the guilty. We live in the "post-truth era". This wasn't created by the likes of Trump and Farage - it was pioneered by the board at WCFC.
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harley
Squad Member
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Post by harley on Feb 12, 2017 14:16:37 GMT
What? At least there is something to dig their heels into, if we left it to the board there wouldn't even be that
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Post by cloud on Feb 21, 2017 7:31:08 GMT
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steves
Squad Member
Posts: 180
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Six ways
Feb 21, 2017 8:29:46 GMT
via mobile
Post by steves on Feb 21, 2017 8:29:46 GMT
Wow, what a great idea. Can't believe it wasn't though of before.
Just one question, how in the absolute name of holy f**k will this help?
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Post by Brooksiders Return!! on Feb 21, 2017 10:49:48 GMT
This is old news too. Jim O'Toole has always said that if push came to shove, of course the rugby club would look to see if it could help out. From what we heard from the barbecues at Claines , the two clubs were talking over the summer, and others have approached Jim in the past. His answer has always been the same, he doesn't want or need to get involved, however, if needed, the rugby club could look to help. The only way this could help is if a deal could be brokered allowing the club to rent at Sixways and live within its means without eating into the cash remaining for the next few seasons, then the club could get a few more seasons, and back in Worcester. Aggborough? Victoria Ground? Sixways? whats the difference other than the deal?
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Post by cloud on Feb 21, 2017 12:30:52 GMT
A worry for me is that some members of the public (not knowing of the revenue options an own ground would give the Club) would think that the fact we are back in the City, at Sixways, as meaning we no longer would need a ground of our own at Perdiswell.
We can't have any deflection from the goal - Perdiswell!
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Post by Woodenose on Feb 21, 2017 12:36:46 GMT
A worry for me is that some members of the public (not knowing of the revenue options an own ground would give the Club) would think that the fact we are back in the City, at Sixways, as meaning we no longer would need a ground of our own at Perdiswell. We can't have any deflection from the goal - Perdiswell! Sixway's could be a stop gap for a year or two until Perdiswell is built(hopefully)
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Post by The Verner on Feb 21, 2017 12:39:08 GMT
A worry for me is that some members of the public (not knowing of the revenue options an own ground would give the Club) would think that the fact we are back in the City, at Sixways, as meaning we no longer would need a ground of our own at Perdiswell. We can't have any deflection from the goal - Perdiswell! Spot on
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Post by Tim Munslow on Feb 21, 2017 12:49:51 GMT
Yeah, but if Sixways gives us some breathing space, then so be it. If you think about it objectively it makes a lot of sense. We'd certainly get better gates than playing at Bromsgrove.
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Post by Bonzo Bitburg on Feb 21, 2017 14:37:59 GMT
Sixways won't be anymore of a breathing space than staying at Bromsgrove. In fact it'll probably be worse as I can imagine the ground rental on a 12,000 seater stadium will be far greater than the Victoria ground.
My limited understanding of the situation is if the club doesn't become a community owned thingymagig then there's no access to various grant monies that are going to be needed to build a new ground. Therefore Perdiswell is just pie in the sky as is any other site and talk of Sixways is an irrelevance. That is unless Hampson and co are able to raise the £2-4 million needed. As of yet their fund raising ability has proved to have been a little wanting I believe.
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Post by Woodenose on Feb 21, 2017 15:19:55 GMT
Sixways won't be anymore of a breathing space than staying at Bromsgrove. In fact it'll probably be worse as I can imagine the ground rental on a 12,000 seater stadium will be far greater than the Victoria ground. My limited understanding of the situation is if the club doesn't become a community owned thingymagig then there's no access to various grant monies that are going to be needed to build a new ground. Therefore Perdiswell is just pie in the sky as is any other site and talk of Sixways is an irrelevance. That is unless Hampson and co are able to raise the £2-4 million needed. As of yet their fund raising ability has proved to have been a little wanting I believe. Would we be playing on the main pitch or a smaller side one.? There is a full 11a side game soon to be played interesting to see the pitch they use
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Post by Brooksiders Return!! on Feb 21, 2017 15:48:47 GMT
They are playing the Kings v Grammar game on the synthetic pitch. If City were to groundshare at Sixways then it would be on the main pitch yes. The rugby club need to get maximum utilization out of that surface, i.e. maximum revenue, as they don't come cheap and need replacing after every 3/4 years.
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Post by Brooksiders Return!! on Feb 21, 2017 15:52:29 GMT
Sixways won't be anymore of a breathing space than staying at Bromsgrove. In fact it'll probably be worse as I can imagine the ground rental on a 12,000 seater stadium will be far greater than the Victoria ground. My limited understanding of the situation is if the club doesn't become a community owned thingymagig then there's no access to various grant monies that are going to be needed to build a new ground. Therefore Perdiswell is just pie in the sky as is any other site and talk of Sixways is an irrelevance. That is unless Hampson and co are able to raise the £2-4 million needed. As of yet their fund raising ability has proved to have been a little wanting I believe. Who knows what the deal might be, but I also can't think of an instance where a small non-league club has survived a big stadium groundshare. Wealdstone at Vicarage Road, and Runcorn at Halton Stadium spring to mind, and both failed. Who knows? maybe the City Council will agree to pay the rent? Face it, would the rugby club say anything other than "it is being considered?" after all Jim O'Toole wouldn't want to be known as the man who finally killed of WCFC by refusing to help.
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harley
Squad Member
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Post by harley on Feb 21, 2017 19:40:46 GMT
Part of Master Plan B? Run the football club as close to insolvency as possible, then the board recommend a change in the constitution to allow majority shareholding and the rugby club buy us up so that we become part of their franchise.
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oxford
First Teamer
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Post by oxford on Feb 21, 2017 23:00:26 GMT
If we end up there at least I will stop feeling guilty about not going!
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