I'm guessing but don't the Devils still get paid to manage the arena - as opposed to a % cut
The Council advertised for a General Manager of the IAW 2 months ago, so I’m assuming that role by Todd has ended now, although until December 2022 it may still be co managed by Devils Entertainment Ltd. The Council won’t complete the sale until all risks have been considered, if the facility can’t demonstrate a viable commercial acquisition the Council may decide not to proceed with the purchase or risk subsidising the facility or continue the sale and repurpose the site.
36. The Council will take over responsibilities for the Ice Arena (and the costs associated with it) from completion of its purchase of the land in phase 1 (December 2021) until it completes its purchase of the Ice Arena (December 2022) and into the future. Temporary and future operating arrangements for Ice Arena must therefore be a key consideration ahead of completing this purchase. Ice Arena Wales is currently operated by Cardiff Devils, although it is recognised that the current management agreement in place with Ice Arena Wales is unlikely to remain suitable in the long-term, so both the interim and future operational arrangements of Ice Arena must be a key consideration for the Council upon acquisition. A new management agreement with Devils Entertainment Ltd, or a new operator altogether may need to be found, so directorate will need to have a clear understanding of suitable parties and likely terms of operational leases or management agreements to ensure the Council can operate this facility without any ongoing Council subsidy, and ideally with a commercial return. The transfer of employer responsibilities from Ice Arena Wales also remains a risk as part of the acquisition, so it is important a suitable solution is found here ahead of completing the transaction