Quote: the fax in asia "Not sure I can get my head around all this, might have to join Hudds/Shay and sink a few. Firstly, Fax have been in dire financial trouble, the current BoD turned a bind eye( if ever both were open and focused) over several months, then face a winding up order from HMRC, put out a plea for financial help, gather a few grand together, hey presto enough to have a stay of execution, monies offered then withdrawn. Secondly Shareholder(s)wanting to cash in their share and expecting at least as much as they paid for them, are we in Wayne’s World? No real explanation I have seen from BoD as to just what is happening, if they need help transparency has to be paramount. Thank you to those on here who have given an insight as to goings on trying to explain to the rest of us what is fact or fiction. Finally previous BoD members names are banded around giving their view, (unless I have misread/ misunderstood which is quite probable) and do Directors have to ‘pass’ Due Diligence or can any one say I have a few quid to throw into the pot and are welcomed with open arms?'"
I think (and this is a personal opinion) the troubles are far from over, I understand that while the HMRC bill has been settled, wages are still not fully paid. And we're now almost half way through another month so another payday looms in a few weeks. The HMRC bill may have been a quarterly VAT bill or similar.
The figure of £130-150k to get to the end of the season was mentioned. Still a lot of money to be found. Especially when we have 1 home game left and limited income. Season ticket sales will likely be down because of how this season has gone, and the expectation that the playing budget will be cut further meaning a mediocre season next season as well.
As for due diligence on people, the RFL have a "fit and proper persons test". Although the only person I have ever seen named publicly as failing it was that Ryan Whitcut who was at Bradford when Omar Khan owned it and tried to move it onto him. Quite what the test involves I do not know, but it usually appears to be a formality when a club is taken over.
