Issue details

Future Management of Kirklees Stadium - Update

In March 2021 Cabinet approved amended arrangements in relation to arrangements for the standalone stadium management and development business (Kirklees Stadium Development Limited or KSDL) that manages the stadium for the benefit of the two professional sports clubs and the community. This approved an option to address stadium operational investment requirements over the next 25 years, a future operational model intended to be financially sustainable, recognising the community aspects of the stadium, and contributions to regeneration.

Changes in the other partners within KSDL, and their aspirations, may necessitate a restructuring of the preferred model.     

Cabinet will be asked to endorse revisions to the previously approved operating model necessary to meet the now expressed aspirations of the professional sports clubs, to meet necessary capital investments to the premises. This may necessitate amended arrangements as regards the relationships of the parties, with amended financial commitments.

 

Decision type: Key

Reason Key: Expenditure>£500,000 and affects2 or more wards;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 31/05/2022

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
Exempt information under Part 1 of Schedule 12A of the Local Government Act 1972, as amended by the Local Government (Access to Information) (Variation) Order 2006 as the report contains information relating to the financial or business affairs of any particular person (including the authority holding that information). It was considered that the disclosure of the information would be contrary to confidential terms and that the public interest in maintaining the exemption outweighed the public interest in disclosing the information and providing greater openness and transparency in relation to public expenditure in the council's decision making.

Decision due: 21 Dec 2022 by Cabinet

Lead member: Portfolio Holder for Corporate, Portfolio Holder for Finance & Regeneration

Lead director: Strategic Director for Growth and Regeneration

Department: Finance and Regeneration

Contact: Martin Dearnley, Head of Risk - Internal Audit & Risk Management Email: martin.dearnley@kirklees.gov.uk.

Consultation process

Appropriate engagement with KSDL, other partner organisations and Council Portfolio Leads.

 

KSDL Board and Cllrs Pandor and P Davies.

 

Members/Officers Involved: David Shepherd - Strategic Director, Growth & Regeneration, Eamonn Croston - Service Director Finance, Julie Muscroft -Service Director Legal, Governance & Commissioning. Martin Dearnley - Head of Risk, Cllr Graham Turner (Regeneration), Cllr Paul Davies (Resources)

Decisions

Agenda items