Bradford Bulls - RedAmberandBlack.net • Re: Future of Odsal
belcki wrote:
Well Bullsgeye you must agree that you don't always get what you expect.
In any case we are certain that the head lease for Odsal, in particular if rugby league were not to be played there, given it's excellent strategic and regional transport links, would be an attractive proposition for many investors if the sale of the head lease (or the freehold) for Odsal were put out to an open and competitive tender.
To say that the head lease for Odsal (as per recent RFL statements) is only worth a reputed sum of say £650K - £850K is laughable and scandalous. We would suggest that if that devalued figure is accurate, then Bradford Council should buy back the lease from the RFL for that bargain basement sum and sell it for the many millions that it is worth to the highest bidder who will guarantee that Odsal has a multi-purpose use, inc rugby league, moving forward.
The 'headLEASE' probably is only worth that amount, remember the LEASE is the bit which allows the rugby to be played and the ground needs a severe and costly upgrading to fit it out for the 21st century.
If, as freehold owners, the council were to have other plans for the site I guess the political fallout would be massive if those plans didn't include rugby, either on-site or elsewhere. I'd also suspect that other sites, maybe not built into a hillside and without the toxic waste (and god knows what else) buried inside it might work out being better value to a possible purchaser. A fresh start elsewhere might also be a more viable option for the rugby club too.
Statistics: Posted by Bulliac — Fri Sep 07, 2018 12:41 pm