Welcome, Guest. Please login or register.
Did you miss your activation email?
June 16, 2024, 12:59:06 am

Login with username, password and session length

Links


FSA logo

Author Topic: Does anyone know  (Read 1282 times)

0 Members and 1 Guest are viewing this topic.

Retdon1

  • Forum Member
  • Posts: 3212
Does anyone know
« on January 23, 2014, 07:55:27 pm by Retdon1 »
Just wondered of anyone knew when the naming rights for our stadium come up for renewal or was the deal with keepmoat for life just Intrested to know could be a way to bring some decent money into the club if it did become available



(want to hide these ads? Join the VSC today!)

RedJ

  • Forum Member
  • Posts: 18491
Re: Does anyone know
« Reply #1 on January 23, 2014, 07:58:42 pm by RedJ »
7 years isn't it?

silent majority

  • VSC Member
  • Posts: 16889
Re: Does anyone know
« Reply #2 on January 23, 2014, 08:16:22 pm by silent majority »
Yep it's about that. And the council pocketed  the cash, and so have to repay on an annual basis.

Jenny

  • VSC Member
  • Posts: 2445
Re: Does anyone know
« Reply #3 on January 23, 2014, 08:24:06 pm by Jenny »
It was a 15 year naming rights deal, £1.5m upfront from Keepmoat.

Northants Nomad

  • Forum Member
  • Posts: 841
Re: Does anyone know
« Reply #4 on January 23, 2014, 08:40:17 pm by Northants Nomad »
Given that I thought it was 10 years, I guess the answer to the original question is, possibly, "no"!  ;)

Northants Nomad

  • Forum Member
  • Posts: 841
Re: Does anyone know
« Reply #5 on January 23, 2014, 08:47:54 pm by Northants Nomad »
Doing a load of searching around, all the press releases just say "long term naming rights deal" so I don't think it was ever made public.

silent majority

  • VSC Member
  • Posts: 16889
Re: Does anyone know
« Reply #6 on January 23, 2014, 08:52:52 pm by silent majority »
I have all the documentation somewhere, it was part of the consideration when the lease was being arranged by the club and discussions took place at the Mansion House. As I say it has about 7/8 years or so left to run and I'm sure Jenny is correct on the figure. It's currently being repaid.

Muttley

  • VSC Member
  • Posts: 2285
Re: Does anyone know
« Reply #7 on January 23, 2014, 09:51:50 pm by Muttley »
From the DMBC cabinet meeting 1st August 2012

Quote
A payment of £90,000pa will be made by the Council for 9 years by annual instalments each December, by way of "compensation" for the naming rights payments that are due to the stadium, but have already been spent to fund the SMC losses..

Presumably payments have been made for 2012 and 2013 so 7 more to go

Jenny

  • VSC Member
  • Posts: 2445
Re: Does anyone know
« Reply #8 on January 23, 2014, 09:55:29 pm by Jenny »
Doing a load of searching around, all the press releases just say "long term naming rights deal" so I don't think it was ever made public.

Not sure it was but I can say with 100% confidence it was £1.5m over 15 years. I have always wondered why Keepmoat chose to do it, given that their main business is social regeneration and not that of selling homes, it seems that advertising/sponsorship won't really 'pay' for them. I suddenly don't want to buy a keepmoat home that's for sure.

PDX_Rover

  • VSC Member
  • Posts: 8883
Re: Does anyone know
« Reply #9 on January 23, 2014, 09:57:23 pm by PDX_Rover »
It's a good name. Fortress-like.

 

TinyPortal © 2005-2012