London Broncos • Bradford
I see Love Rugby League are reporting that Bradford have won the race for a lease on the hole in the ground having sold the lease to the RFL for £1.2m in 2012.
Looks like £100k up front with £160k spread over 5 years. What it doesn't say is what Bradford might be paying if anything after year 5 but the RFL will take 50% of any money raised if the lease is sold on within 10 years.
I suppose having their "own ground" will give them more IMG Points but you could see selling the lease on would be a way of raising money in the future perhaps when they might be in SL & those "own ground" issues may be less important.
Given that it apparently has cost £190k pa in upkeep fees, Bradford seem to have done ok out of all this.
Looks like £100k up front with £160k spread over 5 years. What it doesn't say is what Bradford might be paying if anything after year 5 but the RFL will take 50% of any money raised if the lease is sold on within 10 years.
I suppose having their "own ground" will give them more IMG Points but you could see selling the lease on would be a way of raising money in the future perhaps when they might be in SL & those "own ground" issues may be less important.
Given that it apparently has cost £190k pa in upkeep fees, Bradford seem to have done ok out of all this.
Statistics: Posted by Deadcowboys1 — Thu Jul 11, 2024 10:21 am — Replies 0 — Views 27