Racecourse ownership consultation - RedPassion.co.uk

Inside Left · 13th November 2021, 08.53:25

A good piece on Wrexham.Com this morning summarising the situation at The Racecourse and its ties with the Gateway project.

Key debate should be all about the Racecourse ownership. The parties involved seem happy with the new Chairmen taking over the actual ownership of The Racecourse Ground.

The question being : Is such a move a healthy one for the long term future of the club and ground here in Wrexham ?

This thread has been started in order to focus on ownership / lease / and long term future of football in Wrexham.

wrexham till i die · 13th November 2021, 09.17:33

I don’t see how this is a bad thing at all.

We’ve been tenants at our ground for many years, whether that be on leasehold or freehold.

I can only see the positives in this, if it happens. The guarantee of it being used as our home into the next century, unless we need something bigger, gives a lot of protection.

markinmrs · 13th November 2021, 09.20:15

I agree - only positives.

Wreck Sam · 13th November 2021, 09.22:52

A 100 year lease is as good as ownership in many respects. Even if the racesourse is totally rebuilt on the current footprint now, in 100 years it probably will have outlived its fit for purpose by the time the 100 years is up. People have extensions put on their mortgaged house (the house is not legally theirs until the mortgage is repaid and the legal charge removed). If its a pride thing to actually own something outright then I get that but from a business point of view it is not a requirement imho.

Percy Sugden · 13th November 2021, 09.27:04

My guess is R and R will seek to buy the freehold of the ground from the university. I’m sure they could do that with the lease to the WST still in place?

redtilidie · 13th November 2021, 09.27:38

Quote:

Originally Posted by Wreck Sam

A 100 year lease is as good as ownership in many respects. Even if the racesourse is totally rebuilt on the current footprint now, in 100 years it probably will have outlived its fit for purpose by the time the 100 years is up. People have extensions put on their mortgaged house (the house is not legally theirs until the mortgage is repaid and the legal charge removed). If its a pride thing to actually own something outright then I get that but from a business point of view it is not a requirement imho.

Appreciating rather then depreciating asset?

Percy Sugden · 13th November 2021, 09.35:15

Also, another point….

How secure is the racecourse with the current setup. The WST doesn’t seem to have a functioning setup anymore? Is this likely to change in the future?

Johno · 13th November 2021, 09.42:01

I like the part that describes the former owners Hamilton and Gutterman as scumbags. No holding back there

MJ6987 · 13th November 2021, 09.52:45

Would it not be the club owning the Ground, not the Chairmen? Wouldn’t this be the best case scenario, rather than someone else owning it?

13th November 2021, 08.53:25	#1-0 (permalink)
Inside Left Due a Testimonial Joined: Jul 2012 Racecourse Spot: Real Name: Twitter: @	Racecourse ownership consultation A good piece on Wrexham.Com this morning summarising the situation at The Racecourse and its ties with the Gateway project. Key debate should be all about the Racecourse ownership. The parties involved seem happy with the new Chairmen taking over the actual ownership of The Racecourse Ground. The question being : Is such a move a healthy one for the long term future of the club and ground here in Wrexham ? This thread has been started in order to focus on ownership / lease / and long term future of football in Wrexham.

13th November 2021, 09.17:33	#2-0 (permalink)
wrexham till i die Squad Player Joined: Oct 2004 Racecourse Spot: Yale Stand, Town End Real Name: Twitter: @	Re: Racecourse ownership consultation I don’t see how this is a bad thing at all. We’ve been tenants at our ground for many years, whether that be on leasehold or freehold. I can only see the positives in this, if it happens. The guarantee of it being used as our home into the next century, unless we need something bigger, gives a lot of protection.

13th November 2021, 09.20:15	#3-0 (permalink)
markinmrs First Teamer Joined: Jan 2014 Racecourse Spot: none given Real Name: none given Twitter: @	Re: Racecourse ownership consultation I agree - only positives.

13th November 2021, 09.22:52	#4-0 (permalink)
Wreck Sam Cult Hero (info 1 & 2) Joined: Jun 2009 Racecourse Spot: Real Name: Twitter: @	Re: Racecourse ownership consultation A 100 year lease is as good as ownership in many respects. Even if the racesourse is totally rebuilt on the current footprint now, in 100 years it probably will have outlived its fit for purpose by the time the 100 years is up. People have extensions put on their mortgaged house (the house is not legally theirs until the mortgage is repaid and the legal charge removed). If its a pride thing to actually own something outright then I get that but from a business point of view it is not a requirement imho.

13th November 2021, 09.27:04	#5-0 (permalink)
Percy Sugden Legend Joined: Feb 2019 Racecourse Spot: Mold Road Real Name: Twitter: @PercySugdenWAFC	Re: Racecourse ownership consultation My guess is R and R will seek to buy the freehold of the ground from the university. I’m sure they could do that with the lease to the WST still in place?

13th November 2021, 09.35:15	#7-0 (permalink)
Percy Sugden Legend Joined: Feb 2019 Racecourse Spot: Mold Road Real Name: Twitter: @PercySugdenWAFC	Re: Racecourse ownership consultation Also, another point…. How secure is the racecourse with the current setup. The WST doesn’t seem to have a functioning setup anymore? Is this likely to change in the future?

13th November 2021, 09.42:01	#8-0 (permalink)
Johno Squad Player Joined: Jul 2012 Racecourse Spot: none given Real Name: none given Twitter: @	Re: Racecourse ownership consultation I like the part that describes the former owners Hamilton and Gutterman as scumbags. No holding back there

13th November 2021, 09.52:45	#9-0 (permalink)
MJ6987 Cult Hero Joined: Jun 2009 Racecourse Spot: none given Real Name: none given Twitter: @	Re: Racecourse ownership consultation Would it not be the club owning the Ground, not the Chairmen? Wouldn’t this be the best case scenario, rather than someone else owning it?