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Player Coach | 4259 | Rochdale Hornets |
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May 2007 | 18 years | |
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| Quote craigizzard="craigizzard"I think there's a slight difference to what Leeds did with Keighley in that Keighley (iirc,and feel free to correct) had already "gone" from the top division.
If Wakefield had been demoted to the NL a few weeks ago, as should have happened, then I'd have less of a problem with other SL clubs taking their players. As it is, SL clubs are ensuring that Wakefield will be an embarrassment on the pitch all year in their own league.'"
But even the RFL won't stoop that low mate, they would have had to kick out Wakefield and Crusaders to NL1 and that is not going to happen while ever Crusaders owe the RFL £700k. They will just wait to July and kick them out then instead via a fair and even assessment process! Also, Widnes would not be ready either at such short notice and which over club do you bring up as well?
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Moderator | 10716 | No Team Selected |
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| Rumours John Kear wont be there in a few weeks time.
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Player Coach | 1820 | No Team Selected |
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| Is there anyone who still believes that Wakefield will be in Super League next year?
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Player Coach | 9730 | No Team Selected |
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Apr 2008 | 17 years | |
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| Quote Frosties.="Frosties."Rumours John Kear wont be there in a few weeks time.'"
I wouldn't be suprised.
Even the old school motivator has no cards left to play. His first team stars are leaving, the latest leaver will add further salt into fans and players wounds, which will leave an un-closeable hole in the team.
Huddersfield have picked up a decent signing, which will offer them further options.
What do Wakie have left? Looking at their message boards, not a lot. Hope is more or less lost and the acceptance of a broken club is settling in.
Could Kear, complete the biggest turn around of all time pooling whatever resources he has left? Unlikely. But he likes his romantic journeys.
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International Board Member | 28186 | No Team Selected |
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| Until the sale goes through, which it can't until Glover clears the RFL "fit and proper" test, the administrators are duty bound to continue selling assets to realise funds to pay the creditors. For the buyers to claim the administrators are being unfair in disposing of saleable assets is naive in the extreme - it's their job and what they're engaged to do.
Millard to Catalans is next on the list apparently.
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International Chairman | 9670 | Leeds Rhinos |
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| I agree totally Andy that the Administrators have a job to do and are doing it, simples. I wonder however what happens to the valuation of the club as a "going concern" when it's assets are being sold off (rightly) to pay the creditors? The longer this goes on the lower the value of the club will be and the more players will leave to pay the bills. Not good.
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| I'm not an expert on valuing businesses, but I would imagine it will have been done either on the value of the assets or on a cashflow basis.
If it's the former, then the value will be going down slightly every time an asset of the business is sold. If it's the latter, it'll make a smaller dent in the valuation as the cashflow isn't necessarily going to change a great deal as a result of Ferguson and Obst moving on.
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Player Coach | 4259 | Rochdale Hornets |
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| Quote Andy Gilder="Andy Gilder"Until the sale goes through, which it can't until Glover clears the RFL "fit and proper" test, the administrators are duty bound to continue selling assets to realise funds to pay the creditors. For the buyers to claim the administrators are being unfair in disposing of saleable assets is naive in the extreme - it's their job and what they're engaged to do.
Millard to Catalans is next on the list apparently.'"
Andy - I thought Andrew Glover had already passed the RFL 'fit and proper' person test? Both him and Steve Parkin had both had verbal confirmation from the RFL already and that all the RFL needed to do was send the letter, which given the hour they could not do on Friday? Have you heard something different?
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Moderator | 10716 | No Team Selected |
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| Millard to Catalans, Murphy to Huddersfield and Jefferies to Harlequins apparently all on the cards
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International Board Member | 28186 | No Team Selected |
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| Quote Inflatable_Armadillo="Inflatable_Armadillo"Andy - I thought Andrew Glover had already passed the RFL 'fit and proper' person test? Both him and Steve Parkin had both had verbal confirmation from the RFL already and that all the RFL needed to do was send the letter, which given the hour they could not do on Friday? Have you heard something different?'"
As I understand it, the RFL have still not confirmed it in writing and there are still issues for Spirit of 1873 and O'Haras to reach an agreement on for the sale to go through, even once that confirmation is received.
In the meantime, O'Haras will continue to liquidate assets to pay the running costs of the club while it's in administration (and their own, not inconsiderable, fees of course).
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Player Coach | 2469 | No Team Selected |
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| Sad to see yet another foundation club of the "Northern Union" fall victim to SL.
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International Chairman | 9670 | Leeds Rhinos |
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Feb 2002 | 23 years | |
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| Did they fall victim to SL or to incompetent management? Why do you feel they fell victim to SL?
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