The proposal is for the local company and the Trust to form a joint venture company with the proceeds/profits being split on a 50/50 basis between the two parties. The money due to the Trust will be placed into the infrastructure foundation which will be used to make improvements to any area of the infrastructure at the club, from a new TV in Carrs Bar to funding and proposed expansion to one or more of the stands.
The money will not go to the Trust just to sit in their bank account!!
Thanks mate.
So just to be clear.
50% of any money that could be made by CDNL to find NTFC could now go to another local company?
Or am I being really thick here?