Quote ="Pat Bateman"Silly question, but where has the £12 million come from. I’ve not kept up to date with the where’s and who’s.'"
The paragraph below from
BELLE VUE DELIVERY PLAN REPORT 13 Jun 2022
The Council has an obligation to, within seven days of receipt of the draft Delivery Plan from the Club to notify the Developer of its receipt and to provide a copy to the Developer which copy may be redacted in respect of information which is confidential to the Club and/or the Contractor. Within seven days of the approval of the Delivery Plan to notify the Developer in writing that the Delivery Plan has been approved by the Council and to request payment of the Belle Vue Contribution. On receipt of the Belle Vue Contribution to pay it into a designated bank account to be used solely for the purpose of funding the Belle Vue Development. To use the Belle Vue Contribution solely for the purpose of contributing to the cost of the Belle Vue Development.
Spirit of 1873 submitted their Delivery Plan for the stadium improvement works to the Council for approval on 01 June 2022, for the purpose of fulfilling their obligation under paragraph 1.2 of Schedule 2 of the S106 Agreement. This Delivery Plan, titled Delivery Report, was a 65 page document (including 4 appendices) which contained (a) Details of the Contractor to be appointed by the Club for the Belle Vue Development (Morgan Sindall); (b) A copy of the Belle Vue Construction Contract (at appendix A); (c) Confirmation of the contract price for the Belle Vue Development (£11,399,016); (d) Confirmation that all necessary funding for the delivery of the Belle Vue Development is in place (£8,800,000 developer contribution; £2,000,000 WMDC Sports Resilience Fund; £1,800,000 finance raised by Spirit 1893 Ltd); and (e) A timetable for the letting of the Belle Vue Construction Contract by the Club to the Contractor, the start date for the commencement of the Belle Vue Development and the build programme for the carrying out and completion of the Belle Vue Development
Our club directors or whoever has raised nearly 2 million towards funding,,probably why we can’t spend much on recruitment
£1,800,000 finance raised by Spirit 1893 Ltd);