F.Y.I. - East Stand/Hotel/Nightclub Development

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jackos
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby jackos » Sat May 25, 2013 7:15 am

the flying pig wrote:Image


Me thinks you meant to post this "beauty" ....

Image

Thursday September 27th, 2001

Leeds United became the first British club to confirm their participation in the new Premier-1 Grand Prix series, scheduled to start in July 2002.

The British football (soccer) club unveiled a single-seater racing car in the club's colour yesterday, before a game against Maritimo. However, the club's designated driver is yet to be named.

Leeds United is the second club to confirm its participation in the new racing series, after Benfica last month announced it will participate in the rivaling F1 series, produced and planned by businessman Colin Sullivan. Thirty clubs across Europe are said to still be considering joining the motorsport series, with Chelsea and Newcastle United believed to be closest to providing other British involvement. Clubs are not being asked to invest, but are being offered around £700,000 in television revenues to put their colours on the grid.

Premier-1 is planned to feature 24 identically-built cars, each covered with livery of leading football clubs. Italian constructor Dallara have been commissioned to build the chassis; British engine builders Judd will supply V10 engines. The cars will run on slick tyres with estimated 750hp engine power.

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jackos
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby jackos » Sat May 25, 2013 7:18 am

That led to this webarhive ...

Leeds launch gallery 1 (15 pictures)

Which includes this little gem Image

Beer Pig
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby Beer Pig » Sat May 25, 2013 11:57 am

Mr Reality wrote:Image

This just popped up on twitter. I wonder how long a hockey and basketball team would have lasted.

Never stood a chance, now if they had planned hotels as well..................
I gave up beer, it was the worst 15 minutes of my life.

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eric olthwaite
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby eric olthwaite » Sat May 25, 2013 12:41 pm

Mr Reality wrote:Image



Reason it never happened was that they didn't factor in the cost of completely flattening Beeston hill, and relocating the M621.

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jackos
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby jackos » Tue May 28, 2013 6:39 am

1 million, thank fuck Bates has gone, he'd have doubled that n sold Sam to cover the cost n a nice bonus to himself for a job well done ... ..

Leeds United were beaten in the race for the licence for the city’s biggest ever casino after refusing to match their rival bidder’s offer of a £1m up-front payment to the council.

The Yorkshire Evening Post understands United’s up-front offer was “significantly less” than that made by Global Gaming Ventures (GGV), the London-based company that was awarded the casino licence by Leeds City Council.

Club sources say Leeds were determined their bid would not expose them to any unnecessary financial liability – especially at a time when funds are needed to back their on-field promotion push next season.

But United are understood to feel their bid should still have carried the day on the basis of overall value as well as benefits to the community. In a sign of the frustration at the perceived part that GGV’s £1m offer played in the council’s decision, one source involved in the Leeds bid told the YEP: “We believed we could earn the award of the licence.” If United had won the licence for the so-called ‘large’ casino, it would have formed part of a revamped West Stand at the club’s Elland Road ground.

GGV’s victory means it will instead be one of the key features of the city centre’s Victoria Gate development, until recently known as the Eastgate Quarters.

Under the terms of the licence award, GGV will pay the council at least £450,000 per year as well as £1m up-front. Ninety per cent of the 200-plus staff at the casino must also come from the Leeds city region.

Today the council said any suggestion of money being the deciding factor would be wide of the mark.

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Mustafaster
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby Mustafaster » Tue May 28, 2013 9:34 am

jackos wrote:
.....rival bidder’s offer of a £1m up-front payment to the council

............
Today the council said any suggestion of money being the deciding factor would be wide of the mark.

A million kickback ..... that had no effect on the final decision.
Aye.
Mirrors and copulation are abominable, since they both multiply the numbers of men.

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thechubbyone
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby thechubbyone » Tue May 28, 2013 9:38 am

jackos wrote:1 million, thank fuck Bates has gone, he'd have doubled that n sold Sam to cover the cost n a nice bonus to himself for a job well done ... ..

Yep. Exactly the kind of money pit that Bates would have loved to get involved with.

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SimonB
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby SimonB » Tue May 28, 2013 1:35 pm

thechubbyone wrote:
jackos wrote:1 million, thank fuck Bates has gone, he'd have doubled that n sold Sam to cover the cost n a nice bonus to himself for a job well done ... ..

Yep. Exactly the kind of money pit that Bates would have loved to get involved with.


Also are they allowed to state that only people from the region are employed? or at least 90% of them?
We had a meeting at work today and I was asked what steps I would take in the event of a fire. Apparently "fucking big ones" wasn't the right answer

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FER
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby FER » Wed May 29, 2013 11:20 am

SimonB wrote:Also are they allowed to state that only people from the region are employed? or at least 90% of them?


Yep. Local employment, innit! It's a mandate of accepting the contract. I know what you're thinking; equal opps n' all that shite, but you can bypass that quite easily much in the same way that a women's only hostel can opt to only employ women. They just need to cite the relevant clauses in legislation to get around it.
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Oheddieeddie
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby Oheddieeddie » Sat Jul 27, 2013 11:13 pm

Batesonomics:

http://www.guardian.co.uk/football/2013/jul/27/ken-bates-leeds?CMP=twt_gu

Leeds are facing the new Football League season still with financial difficulties, which GFH told the Guardian in February is due to Bates having mortgaged two years of season-ticket money for £5m, forward sold the Elland Road catering contract for £2m and borrowed £1.5m from the club sponsor to help pay the £10m cost of the building work. Bates insisted that was a good decision, which many fans believed came at the expense of strengthening the team. "We built 4,000 corporate seats and that is where you make money," Bates said

He (Bates) argued that the cashflow problems Leeds faced after he sold the club to GFH was not due to the building work, but to GFH, who had effectively been in executive control since June 2012. He did not expand on which GFH decisions taken, or expenses incurred, had caused the need for a cash injection since the takeover of between £13m and £15m.



The Leeds accounts are also understood to reveal the high cost of legal disputes fought by Leeds during Bates's tenure as chairman

The fees for Carter Ruck solicitors, paid by Leeds United, are understood to have amounted to £1.26m between 2010 and 31 May 2012. It is unclear what they relate to.


It is also understood that a deal done in December 2011 with a company, Lutonville Holdings Ltd, connected to Outro, by which Lutonville paid £3.2m for preference shares, involved a regular payment by the club to Lutonville. Leeds paid a "set-up fee" of £100,000 to Lutonville for the £3.2m, which was used to repay creditors, principally Caddick Construction. They were paid £10m by Leeds for developing the centenary pavilion and conference and banqueting facilities in the Elland Road east stand.

Under the terms of the agreement, Leeds United paid Lutonville a "monitoring fee" of £40,000 every quarter. When Bates sold Leeds to GFH in December, the £3.2m preference shares were repaid at £4m, an £800,000 profit. Leeds United's published accounts state that "Lutonville Holdings is a related party by virtue of its connection to Outro Limited". However, Bates said Lutonville is not in fact his company. Of the monitoring fee payment, he said he could not comment because he did not have the details in front of him.

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Porkchopexpress
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby Porkchopexpress » Sun Jul 28, 2013 10:20 am

Can someone explain what a monitoring fee is?
TERRY VENABLES.

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thechubbyone
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby thechubbyone » Sun Jul 28, 2013 10:31 am

Porkchopexpress wrote:Can someone explain what a monitoring fee is?

Normally it's a fee for monitoring something. In this case it's theft. :thumbl:

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Porkchopexpress
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby Porkchopexpress » Sun Jul 28, 2013 11:37 am

thechubbyone wrote:
Porkchopexpress wrote:Can someone explain what a monitoring fee is?

Normally it's a fee for monitoring something. In this case it's theft. :thumbl:


Well that clears that up.
TERRY VENABLES.

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the flying pig
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby the flying pig » Sun Jul 28, 2013 11:40 am

Porkchopexpress wrote:
thechubbyone wrote:
Porkchopexpress wrote:Can someone explain what a monitoring fee is?

Normally it's a fee for monitoring something. In this case it's theft. :thumbl:


Well that clears that up.


yeah. it's like when a bunch of blokes rob, say, a bank, they'll always need a getaway driver outside & quite often a specialist lookout [i.e. 'monitor'] as well, keeping an eye out for police or whatever.

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Porkchopexpress
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby Porkchopexpress » Sun Jul 28, 2013 11:51 am

The sneaky cunt.
TERRY VENABLES.

MasonCooper42
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby MasonCooper42 » Sun Jul 28, 2013 2:33 pm

Mr Reality wrote:Image

This just popped up on twitter. I wonder how long a hockey and basketball team would have lasted.


what this plan about, where would the hockey team supposedly play?

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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby Mindo » Mon Jul 29, 2013 1:44 pm

thechubbyone wrote:
Porkchopexpress wrote:Can someone explain what a monitoring fee is?

Normally it's a fee for monitoring something. In this case it's theft. :thumbl:



Pretty common in finance documents, can cover stuff like monitoring whether the borrower has breached their covenants around asset values or having sufficient profits to cover interest payments etc, sometimes monitoring the amount of accrued but unpaid interest and so forth. Not usually much work involved, in reality it is just another cost of borrowing badged up as an ongoing fee rather than up-front arrangement payment.

At the time i said that the the lutonville prefs looked like a mechanism to make an easy profit on exit, but the monitoring fee was really gilding the lily!

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Porkchopexpress
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby Porkchopexpress » Mon Jul 29, 2013 3:57 pm

Mindo wrote:
thechubbyone wrote:
Porkchopexpress wrote:Can someone explain what a monitoring fee is?

Normally it's a fee for monitoring something. In this case it's theft. :thumbl:



Pretty common in finance documents, can cover stuff like monitoring whether the borrower has breached their covenants around asset values or having sufficient profits to cover interest payments etc, sometimes monitoring the amount of accrued but unpaid interest and so forth. Not usually much work involved, in reality it is just another cost of borrowing badged up as an ongoing fee rather than up-front arrangement payment.

At the time i said that the the lutonville prefs looked like a mechanism to make an easy profit on exit, but the monitoring fee was really gilding the lily!


So as suspected, it's a another hand in the pick 'n' mix then.
TERRY VENABLES.

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Oheddieeddie
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby Oheddieeddie » Fri Aug 02, 2013 10:59 pm

No surprise but tucked away at the bottom of this article is the phrase:

It is understood, meanwhile, that United have “no immediate plans” to pursue former chairman and president Ken Bates’ proposals for an eight-storey hotel complex at Elland Road’s South East corner


http://www.yorkshirepost.co.uk/sport/football/leeds-utd/leeds-close-to-buying-back-elland-road-1-5915317

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the flying pig
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Re: F.Y.I. - East Stand/Hotel/Nightclub Development

Postby the flying pig » Mon Aug 05, 2013 3:11 pm

i was just mulling over the size of saturday's crowd.

the East Stand work took 2k off our total capacity, right?

but does anyone know the exact combined effect of the ES work + moving the away fans?

e.g. ideally what was the total home vs. away capacity a couple of yrs back, & what is it now?

thanks


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