| Do Dale own their Spotland ground? 01:10 - Jul 20 with 3839 views | DiddyDave |
Pardon my ignorance,but I`ve been thinking about this Dale/Hornets tie up and it doesn`t make a lot of sense to me. I always thought that Dale owned the ground since day one,so why are they in an equal share thing with the oval ball guys of 47.5%. That makes 95%,so who owns the deciding 5%? If Dale did own the ground,why didn`t they just charge Hornets ex amount every time they played on it? Does anybody know how much each club pay to play on the hallowed turf anyway? If either club folds,does that mean the other half will have to stump up the other`s rent to keep the scheme alive? Hope somebody has some answers. |  | | |  |
| Do Dale own their Spotland ground? on 01:45 - Jul 20 with 2753 views | heywooddale |
The Stadium Company owns the Ground
Dale own 45% of the stadium company
Rochdale Hornet used to own 45% but secured that against a loan from the RFL. Rochdale Hornets went bust thus defaulting on there loan, so the RFL now own 45%
and the council owned the other 10% | | | |
| Do Dale own their Spotland ground? on 07:35 - Jul 20 with 2700 views | ColDale |
the figures from a couple of years ago suggested that Dale were contracted to pay approximately 50% more rent to the Stadium Company than Hornets were contracted to pay based on usage of the ground. |  | | |
| Do Dale own their Spotland ground? on 09:04 - Jul 20 with 2634 views | dingdangblue |
| Do Dale own their Spotland ground? on 01:45 - Jul 20 by heywooddale |
The Stadium Company owns the Ground
Dale own 45% of the stadium company
Rochdale Hornet used to own 45% but secured that against a loan from the RFL. Rochdale Hornets went bust thus defaulting on there loan, so the RFL now own 45%
and the council owned the other 10% |
So do the RFL now pay towards the stadium maintenance? Or do they just own 45% share of the stadium without responsibilities? |  |
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| Do Dale own their Spotland ground? on 14:15 - Jul 20 with 2502 views | MoonyDale |
| Do Dale own their Spotland ground? on 09:04 - Jul 20 by dingdangblue |
So do the RFL now pay towards the stadium maintenance? Or do they just own 45% share of the stadium without responsibilities? |
That has always been my point since this whole fiasco came about, nobody seems to have an answer though..... |  |
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| Do Dale own their Spotland ground? on 14:18 - Jul 20 with 2495 views | DaleAwaydayBot |
| Do Dale own their Spotland ground? on 09:04 - Jul 20 by dingdangblue |
So do the RFL now pay towards the stadium maintenance? Or do they just own 45% share of the stadium without responsibilities? |
you should email the RFL asking then bring up figures to prove their lying |  |
| After 3457 forum posts, 11 news comments & 1 match report....The Rochdale Information Robot were Born!!! |
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| Do Dale own their Spotland ground? on 16:30 - Jul 20 with 2416 views | ColDale |
| Do Dale own their Spotland ground? on 09:04 - Jul 20 by dingdangblue |
So do the RFL now pay towards the stadium maintenance? Or do they just own 45% share of the stadium without responsibilities? |
I don't think that any shareholding brings with it a legal requirement to put money into the stadium. I believe the theory is that the rent paid by the two clubs and any profits from stadium matchday takings is sufficient to pay for the running of the stadium. | | | |
| Do Dale own their Spotland ground? on 16:38 - Jul 20 with 2389 views | BigKindo |
| Do Dale own their Spotland ground? on 16:30 - Jul 20 by ColDale |
I don't think that any shareholding brings with it a legal requirement to put money into the stadium. I believe the theory is that the rent paid by the two clubs and any profits from stadium matchday takings is sufficient to pay for the running of the stadium. |
Then what happens if the Stadium Board call upon the shreholders for additional funding to repair/develop or improve the Stadium? |  | | |
| Do Dale own their Spotland ground? on 16:51 - Jul 20 with 2367 views | ColDale |
| Do Dale own their Spotland ground? on 16:38 - Jul 20 by BigKindo |
Then what happens if the Stadium Board call upon the shreholders for additional funding to repair/develop or improve the Stadium? |
and therein lies some of the problems that we face with the Stadium Company. There is not the full backing of the three shareholding parties to invest in the Stadium Company, and it is simply left to the football club time and time again resulting in parts of the Stadium looking past its sell by date.
An ideal situation would be each of the tenants paying a fixed sum on top of the current rent to allow for repairs / improvements but given they've got an even smaller pot to piss in than we have, that's never going to happen. | | | |
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| Do Dale own their Spotland ground? on 22:41 - Jul 20 with 2243 views | DiddyDave |
OK,but who is/are the "Stadium Company"? Is it Rochdale Town Council and if so,who are the relevant people who make decisions? | | | |
| Do Dale own their Spotland ground? on 22:49 - Jul 20 with 2233 views | TVOS1907 |
| Do Dale own their Spotland ground? on 22:41 - Jul 20 by DiddyDave |
OK,but who is/are the "Stadium Company"? Is it Rochdale Town Council and if so,who are the relevant people who make decisions? |
It's made up of Dale, Hornets and the council. |  |
| When I was your age, I used to enjoy the odd game of tennis. Or was it golf? |
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| Do Dale own their Spotland ground? on 17:32 - Jul 21 with 2086 views | qlrken05 |
Am I right in thinking that a in the not too ditant past there was a move made by either the football club or the football club and the council to buy back the shares that are owned by the RFL?? if so what happend to that initative ?? |  |
| Come on Rochdale... Come on Rochdale |
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| Do Dale own their Spotland ground? on 20:33 - Jul 21 with 2037 views | DiddyDave |
So did Dale own the ground before Hornets came onto the scene? If they did,then why are they now in this three way deal? In 190dot when the club first got going,who owned the ground then,who built the stands,changing sheds,etc? | | | |
| Do Dale own their Spotland ground? on 20:42 - Jul 21 with 2029 views | 442Dale |
| Do Dale own their Spotland ground? on 20:33 - Jul 21 by DiddyDave |
So did Dale own the ground before Hornets came onto the scene? If they did,then why are they now in this three way deal? In 190dot when the club first got going,who owned the ground then,who built the stands,changing sheds,etc? |
When Hornets sold their ground to Morrisons it made financial sense for them to come to Spotland, simple as that.
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| Do Dale own their Spotland ground? on 22:11 - Jul 21 with 1995 views | Vespa |
| Do Dale own their Spotland ground? on 20:33 - Jul 21 by DiddyDave |
So did Dale own the ground before Hornets came onto the scene? If they did,then why are they now in this three way deal? In 190dot when the club first got going,who owned the ground then,who built the stands,changing sheds,etc? |
I can't remember the exact details but both Hornets and the Dale were in financial trouble. Hornets sold their ground to Morrissons for £2.5M and bought 45% of Spotland from the Dale (£1.2M I think) and both teams cleared some debt. Denehurst park ltd was set up (the stadium company) and both clubs became tenants and paid rent. Fast forward to 2008 and Hornets again found them selves in financial trouble and secured a loan from the RFL of £50k against their share of the stadium. The original Hornets went bump and the RFL took the original Hornets shares in the stadium.
The new Hornets were formed and became tenants of the stadium company.
The Dale pay the best part of £100k in rent and Hornets almost £50k. |  |
| Up the Dale, C'mon Hornets |
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| Do Dale own their Spotland ground? on 22:26 - Jul 21 with 1980 views | DaleAwaydayBot |
| Do Dale own their Spotland ground? on 22:11 - Jul 21 by Vespa |
I can't remember the exact details but both Hornets and the Dale were in financial trouble. Hornets sold their ground to Morrissons for £2.5M and bought 45% of Spotland from the Dale (£1.2M I think) and both teams cleared some debt. Denehurst park ltd was set up (the stadium company) and both clubs became tenants and paid rent. Fast forward to 2008 and Hornets again found them selves in financial trouble and secured a loan from the RFL of £50k against their share of the stadium. The original Hornets went bump and the RFL took the original Hornets shares in the stadium.
The new Hornets were formed and became tenants of the stadium company.
The Dale pay the best part of £100k in rent and Hornets almost £50k. |
shouldn't the rent be equal and fair not one rule for one and another rule for another as both teams play there?
as is 75k football and 75k Hornets RFL? [Post edited 1 Jan 1970 1:00]
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| After 3457 forum posts, 11 news comments & 1 match report....The Rochdale Information Robot were Born!!! |
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| Do Dale own their Spotland ground? on 22:29 - Jul 21 with 1973 views | 442Dale |
| Do Dale own their Spotland ground? on 22:11 - Jul 21 by Vespa |
I can't remember the exact details but both Hornets and the Dale were in financial trouble. Hornets sold their ground to Morrissons for £2.5M and bought 45% of Spotland from the Dale (£1.2M I think) and both teams cleared some debt. Denehurst park ltd was set up (the stadium company) and both clubs became tenants and paid rent. Fast forward to 2008 and Hornets again found them selves in financial trouble and secured a loan from the RFL of £50k against their share of the stadium. The original Hornets went bump and the RFL took the original Hornets shares in the stadium.
The new Hornets were formed and became tenants of the stadium company.
The Dale pay the best part of £100k in rent and Hornets almost £50k. |
What are the admission prices at Hornets and what has their average crowd been this season? | |
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| Do Dale own their Spotland ground? on 22:34 - Jul 21 with 1969 views | dingdangblue |
| Do Dale own their Spotland ground? on 22:11 - Jul 21 by Vespa |
I can't remember the exact details but both Hornets and the Dale were in financial trouble. Hornets sold their ground to Morrissons for £2.5M and bought 45% of Spotland from the Dale (£1.2M I think) and both teams cleared some debt. Denehurst park ltd was set up (the stadium company) and both clubs became tenants and paid rent. Fast forward to 2008 and Hornets again found them selves in financial trouble and secured a loan from the RFL of £50k against their share of the stadium. The original Hornets went bump and the RFL took the original Hornets shares in the stadium.
The new Hornets were formed and became tenants of the stadium company.
The Dale pay the best part of £100k in rent and Hornets almost £50k. |
50K for 45% of Spotland? Thats got to be some kind of pisstake? Or is that Hornets 'creative accounting' ? No way RFL just paid that amount. | |
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| Do Dale own their Spotland ground? on 22:39 - Jul 21 with 1963 views | qlrken05 |
I dont know the admission prices for hornets but i think the average attendance is around the 300 mark. I am sure someone will correct me if I am wrong .
I also believe that hornets are somtimes late with the rent. | |
| Come on Rochdale... Come on Rochdale |
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| Do Dale own their Spotland ground? on 22:41 - Jul 21 with 1959 views | 442Dale |
| Do Dale own their Spotland ground? on 22:34 - Jul 21 by dingdangblue |
50K for 45% of Spotland? Thats got to be some kind of pisstake? Or is that Hornets 'creative accounting' ? No way RFL just paid that amount. |
Hornets are tenants, they don't own 45%.
Around a grand a week doesn't seem too unreasonable. | |
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| Do Dale own their Spotland ground? on 22:46 - Jul 21 with 1953 views | dingdangblue |
| Do Dale own their Spotland ground? on 22:41 - Jul 21 by 442Dale |
Hornets are tenants, they don't own 45%.
Around a grand a week doesn't seem too unreasonable. |
I was under the impression 45% shares of the Stadium meant they owned 45% of the Stadium? | |
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| Do Dale own their Spotland ground? on 22:47 - Jul 21 with 1951 views | ColDale |
| Do Dale own their Spotland ground? on 22:34 - Jul 21 by dingdangblue |
50K for 45% of Spotland? Thats got to be some kind of pisstake? Or is that Hornets 'creative accounting' ? No way RFL just paid that amount. |
it takes into account that we play more games than they do and we use more of the stadium than they do. It was renegotiated when the new Hornets came into existence, and also because Dale employees do the Stadium Company work, we are given a rebate because of that. A 50/50 split would be fairest in an ideal world, but we don't want another situation where they don't pay rent, and go pop leaving the football club and stadium out of pocket.
The 50k wasn't supposed to be a purchase of the shares rather security on a loan that Hornets failed to repay.
I've been told that the Hornets rent is again being paid by an individual rather than being self sufficient as it has been pretty much since their reformation, tho its no longer Paul Ormerod. [Post edited 1 Jan 1970 1:00]
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| Do Dale own their Spotland ground? on 22:50 - Jul 21 with 1944 views | 442Dale |
| Do Dale own their Spotland ground? on 22:29 - Jul 21 by 442Dale |
What are the admission prices at Hornets and what has their average crowd been this season? |
Website says £12 for adults, and of course some fans will have season tickets/be concessions, but even if average crowds were 500 and they all had paid £12, gate receipts from the 7 home games would be £42k. There are 4 home games left. | |
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| Do Dale own their Spotland ground? on 22:54 - Jul 21 with 1934 views | dingdangblue |
| Do Dale own their Spotland ground? on 22:47 - Jul 21 by ColDale |
it takes into account that we play more games than they do and we use more of the stadium than they do. It was renegotiated when the new Hornets came into existence, and also because Dale employees do the Stadium Company work, we are given a rebate because of that. A 50/50 split would be fairest in an ideal world, but we don't want another situation where they don't pay rent, and go pop leaving the football club and stadium out of pocket.
The 50k wasn't supposed to be a purchase of the shares rather security on a loan that Hornets failed to repay.
I've been told that the Hornets rent is again being paid by an individual rather than being self sufficient as it has been pretty much since their reformation, tho its no longer Paul Ormerod. [Post edited 1 Jan 1970 1:00]
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I still cant believe Hornets only borrowed 50k against the risk of losing 45% of the Stadium? Surely the shares were worth more than that? | |
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| Do Dale own their Spotland ground? on 22:57 - Jul 21 with 1930 views | cy74 |
Would still like to see the borenets go out of business | | | |
| Do Dale own their Spotland ground? on 23:16 - Jul 21 with 1922 views | Vespa |
| Do Dale own their Spotland ground? on 22:34 - Jul 21 by dingdangblue |
50K for 45% of Spotland? Thats got to be some kind of pisstake? Or is that Hornets 'creative accounting' ? No way RFL just paid that amount. |
It's not a piss take. The RFL didn't actually buy the shares, they just acquired them when the old Hornets defaulted on the £50k loan secured on them.
I'm told that the RFL list their share of Spotland on their balance sheet valued at £3m.
They could (in theory) accept an offer from the Dale of £50k plus maybe a bit of interest and not technically be out of pocket but that would mean they would have to wipe nearly £3m off their balance sheet and that wouldn't look good for them, especially with respect to credit they have taken. | |
| Up the Dale, C'mon Hornets |
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