Community Stadium Naming Rights Sponsorship Agreement
Purpose of Report: To present the Stadium Naming Rights Sponsorship proposals for the new Community Stadium at Monks Cross for formal approval.
The Executive Member will be asked to note the contents and revenue implications of the agreement and consider a recommendation for approving the legal agreement as documented within the report.
The Council aims to give 28 days’ notice of non-key decisions as it does for key decisions however on this occasion that has not been possible. The reason for urgency is that approval to enter into the Stadium Naming Rights Sponsorship Agreement was required urgently to maintain wider project timescales and deliverables.
Decision type: Non-Key
Decision status: Decision Made
Wards affected: (All Wards);
Notice of proposed decision first published: 12/11/2019
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
The report contains the financial arrangements and term for the Stadium Naming Rights Sponsorship which are commercially confidential and subject to legal agreement.
Decision due: 26/11/19 by Executive Member for Finance and Performance
Reason: If the decision is delayed, the wider project timescales and deliverables could be not maintained.
Lead member: Executive Member for Finance and Performance
Lead director: Corporate Director of Customer and Corporate Services
Department: Directorate of Customer and Corporate Services
Making Representations: N/A
- 26/11/2019 - Decision Session - Executive Member for Finance and Performance [previously Executive Leader (inc. Finance & Performance)] Community Stadium Project – Stadium Naming Rights Sponsorship 26/11/2019