FORUMS > The Virtual Terrace > Derek Beaumont on Leigh situation, Ralph Rimmer, LSV etc |
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| Quote: dboy "Wakefield haven't gone bust, they entered a CVA, precisely to avoid that.
Through satisfaying the CVA, they paid back all creditors in full.
Not sure they received a loan from the RFL either - I think that was one of the club's gripes - they didn't get the help other clubs had received, but prepared for someone in the know to correct me on that (I don't mean some rabble-rousing numpty on here).'"
The point of entering a CVA is so that you don't have to pay your creditors off in full but they all get a (equal) % of what you owed them. I'm sure Wakefield's CVA was no different to the norm.
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| INOUT Quote: bren2k "Me.'"
And did you?
I doff my hat to you Sir, no one in any of the trade papers or radio and TV could see beyond them.
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| So will Leigh be merging with Salford then?
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| Quote: Joff "So will Leigh be merging with Salford thent?'"
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Rank | Posts | Team |
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| Quote: Joff "So will Leigh be merging with Salford then?'"
Hope so, it would be a lot lesser hurt than liquidation, and far far 1million times better than the other mooted merger with the "Crusties" of Pieland the team from the same Borough, the talk was that life expectancy is numbered at the DW and a major shareholder in the LSV is Wiggin Council, ready made home for them apparently
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| Quote: Harry Stottle "Hope so, it would be a lot lesser hurt than liquidation, and far far 1million times better than the other mooted merger with the "Crusties" of Pieland the team from the same Borough, the talk was that life expectancy is numbered at the DW and a major shareholder in the LSV is Wiggin Council, ready made home for them apparently
Can the LSV hold their millions of fans as well as their ego's?
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