Greyhounds
There is currently 1 person viewing this thread.
These 52 comments are related to the topic:
we want wimbledon
we want wimbledon
sort by:
Show
per page
Replies: 52
|
By:
can you all vote in this poll please?
Who would you like to see take on the greyhound track http://www.yourlocalguardian.co.uk/news/10952438.Public_hearing_into_future_of_the_Wimbledon_greyhound_stadium_gets_underway/ |
|
By:
voted come on
|
|
By:
voted come on
|
|
By:
voted come on
|
|
By:
Disappointed Taggart reflects on ‘disaster’
By Jim Cremin 4:04AM 23 JAN 2014 PASCHAL TAGGART on Wednesday night described the day's earlier planning hearing about the future of Wimbledon Stadium as “on reflection, a disaster”. Taggart, who plans to redevelop the Plough Lane site for greyhound racing, said that he was disappointed at the lack of a general support from greyhound fans and sees the cards as increasingly stacked against his scheme. “It’s not beyond repair, but it can’t be about three or four people – we need everyone to get behind us. I know everyone’s busy but where were the trainers today? The more I think about it, the more disappointed I am. |
|
By:
Who went to the meeting from the Racing Post or RPGTV.
Sounds like Paschal is fighting the battle on his own. Will be another Stow. |
|
By:
CAN someone tell me how much
is wimbo for sell for?? does anyone know , how much will they let go for , END of the day like stow you need to offer REAL market value 80-100 mill no one going to pay that end off racing over in London got to say ! |
|
By:
The greyhound proposals for Wimbledon are fantastic but I think you are right that Greyhound Racing in London has had its day. Development land values in London have gone through the roof. The fundamental problem is the opposition own the land who build houses and not sporting venues. They've taken AFC Wimbledon on board as they would never get pure house building permission. I wonder how the football club will fund it as they have nothing to sell. (loan from Galliard? or will they be Galliards tenants? or equity debt) The GRA were basically broke years ago. The venture capitalists Risk saw an opportunity as the GRA owned the freehold on a lot of land. To maximise this value and satisfy the debt requirements they took Galliard as partners. They may well have been told to. Galliard have massive financial clout and will likely be able to borrow as much money as they need to complete this development. GRA are now just short term leaseholders. All GRA tracks are earmarked for development. The GRA are a busted flush and very little use to the long term future of greyhound racing. I suspect Wimbledon is not for sale and Galliard will never take a loss on the site. It is very important that all get behind the Oxford bid and for a greyhound supporter to try and buy the track. Every effort should be made to buy the Birmingham tracks. Based upon what L and Q stated in their planning application to demolish the Stowthey stand to make very little initially but a great deal over a 30 year period. This is because they overpaid for the site. Galliard have paid little for the Plough Lane site in cash terms so they stand to make massive profits. A couple of million on administrative, legal and if necessary appeal fees will be a drop in the ocean. Greyhound Racing is now a provincial sport and needs to face that fact and get a governing body that is pro active and develop it along those lines. It is still a great night out and viable with tracks whose owners care. Paschal Taggart is right you cannot leave its future to others.
|
|
By:
threecard
Galliard have massive financial clout and will likely be able to borrow as much money as they need to complete this development. If this is the case why haven't NAMA just foreclosed on, or at least not re-negotiated, the loans held against these sites. |
|
By:
Good Question....without knowing the debt servicing provisions its only conjecture. Interest payments are probably quite lumpy and NAMA maybe in for the long haul. That is why I think all GRA stadia are houses. Galliard probably have a AAA or something similar credit rating allowing them to borrow at favourable rates for new developments. We are talking 500 units plus a football stadium with their proposals. £150 million plus development. GRA are at the bottom of the food chain in this. While Hall Green, Perry Bar etc are viable and providing an income stream it pays the expenses on the whole project. Greyhound Racing with the GRA is being milked and terminal.
|
|
By:
post would only go to meeting if free meal or being paid i.m.v.h.o
|
|
By:
Will e-mail the show tonight. Probably not get read out if no one
bothered to go. They wont like to be embarresed |
|
By:
 |