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| Until 31 May 2019 the tenant has to use the playing surface for first team rugby football.
The RFL would be in breach of that, as they don't do any such thing. Their subtenants may do but the RFL don't. So the Council must have consented to a sublease which contained the same proviso (at least).
After the cutoff date, however, the RFL (subject to the rights of occupation of their tenants), and the Bulls (subject to the terms of their sub-lease) can do whatever they want on the land as long as they have planning permission.
I can't remember who'd be responsible for the grant or not of planning permission. Oh, hang on ...
The main Lease runs till 8 Oct 2152, so maybe another 50 - 75 administrations/liquidations going forward.
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| Quote Highlander="Highlander":11mwuquuYes. The settlement money had to be repaid up until 2019. But if there's no financial penalty to leave, then that could be construed as a break clause I suppose.'" retail without it impinging, in any way, on the stadium. That scenario is a far cry from selling it off and moving out.
As I said earlier though, there have been so many changes in companies and then the selling of the lease, so it's impossible to say just what the current lease lays down. Other than the club is still responsible to pay for maintenance and the need for some kind of financial input is just as necessary now as it was then.
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| Quote Bulliac="Bulliac"...
As I said earlier though, there have been so many changes in companies and then the selling of the lease, so it's impossible to say just what the current lease lays down....'"
Are you confusing lease and sublease?
Don't think anyone has put up a copy of the new Bulls' sublease, so we only have the few sketchy details from reports (and the rumours that we have a 3 year rent holiday etc) but the original lease (which is currently held by RFL) remains just the same as ever it was.
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| Quote Ferocious Aardvark="Ferocious Aardvark" the Bulls (subject to the terms of their sub-lease) can do whatever they want on the land as long as they have planning permission. '"
Or they could do what they want & hope the Council don't notice? Which technically is not a breach.....
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| Quote Ferocious Aardvark="Ferocious Aardvark"Are you confusing lease and sublease?
Don't think anyone has put up a copy of the new Bulls' sublease, so we only have the few sketchy details from reports (and the rumours that we have a 3 year rent holiday etc) but the original lease (which is currently held by RFL) remains just the same as ever it was.'"
Which, along with the fact that the club were still responsible for all 'upkeep', is what Peter Hood confirmed to a fans forum, quite a few years back.
I've no actual reason to think anything has changed, though I thought it was certainly[i a possibility[/i that something might have changed in all the comings and goings.
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| Quote Bulliac="Bulliac"Which, along with the fact that the club were still responsible for all 'upkeep', is what Peter Hood confirmed to a fans forum, quite a few years back.
I've no actual reason to think anything has changed, though I thought it was certainly[i a possibility[/i that something might have changed in all the comings and goings.'"
The point is something may well have changed, if the rumours are true that the RFL have given us a 3 year rent holiday, and they are paying maintenance for the same period. That would be worth an awful lot of money and more than set-off the reduced distribution. (But the change would be the arrangements between lessee (RFL) and sub-lessee (us) and not affecting the Head Lease.
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| RFL's pets.
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| Quote Ferocious Aardvark="Ferocious Aardvark":32lksrd5The point is something may well have changed, if the rumours are true that the RFL have given us a 3 year rent holiday, and they are paying maintenance for the same period. That would be worth an awful lot of money and more than set-off the reduced distribution. (But the change would be the arrangements between lessee (RFL) and sub-lessee (us) and not affecting the Head Lease.'" it will cost considerably less. I'd guess it will be purely essential safety work that's not covered on the insurance.
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| Quote Bulliac="Bulliac"Spot on, yes. It would be interesting to know to what level they are going to 'do maintenance' - as, when it was the council's responsibility, it meant that if the RFL changed the ground rules [like, to say for instance, that all grounds must have two stands then it would have been down to the council to put up the necessary money to comply with that. Not that I can see anything like that happening today!
If it's a case of, "well, the painting can wait until next year"[or the year after it will cost considerably less. I'd guess it will be purely essential safety work that's not covered on the insurance.'"
Surely maintenance and upkeep is the responsiblty of the primary lessee...
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| Quote SCONE="SCONE"Surely maintenance and upkeep is the responsiblty of the primary lessee...'"
What's stopping them passing it on in the sub-lease? In theory it just affects the rent.
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| Quote SCONE="SCONE"Surely maintenance and upkeep is the responsiblty of the primary lessee...'"
Not now.
It was the responsibility of the primary lessee when we were that, but when we sold the lease we kept the responsibility.
Apparently the RFL are taking it on for 3 seasons, as well as reducing the rent,but it comes back to us, as under the original terms after that. 6
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