Quote: Daddycool " Quote: Daddycool "They went into the CVA agreement in 2000 (it ended in 2004) so outside the 'licencing' period. They did go into administration in 2011 and came out of it in 2013, slap in the middle of 'licencing''" They went into admin at start of 2011 and came out of it on 17/2/2011. Wakefield never went into admin in 2013. They sold all their players, and every single last penny owed by that club was repaid in full.'" Quote: Daddycool "Came out of administration in 2011 not long after entering it when Andrew Glover bought us. Turned out he was also useless and we were on the brink again in 2013 but thankfully Michael Carter is much more capable and managed to make us debt free whilst avoiding admin.'" if you read my post it says came out of administration in 2013. 28th January 2013 to be exact according to Companies House, or are the official government agency wrong? https://beta.companieshouse.gov.uk/comp ... insolvency

Quote: Daddycool " Quote: Daddycool "They went into the CVA agreement in 2000 (it ended in 2004) so outside the 'licencing' period. They did go into administration in 2011 and came out of it in 2013, slap in the middle of 'licencing''" They went into admin at start of 2011 and came out of it on 17/2/2011. Wakefield never went into admin in 2013. They sold all their players, and every single last penny owed by that club was repaid in full.'" Quote: Daddycool "Came out of administration in 2011 not long after entering it when Andrew Glover bought us. Turned out he was also useless and we were on the brink again in 2013 but thankfully Michael Carter is much more capable and managed to make us debt free whilst avoiding admin.'" if you read my post it says came out of administration in 2013. 28th January 2013 to be exact according to Companies House, or are the official government agency wrong? https://beta.companieshouse.gov.uk/comp ... insolvency

Thanks for that,im glad for you that the risk payed off.Top chairman

IM sure i educated you first on the loan thingy

It was at the time of going into administration

The official administrator (of the CVA) in his final report states that preferential creditors received a total of 22.5p in the £ with all other creditors receiving nothing. Not quite paying the debts off in full as might be interpreted by most but likely a play on words as they had met their obligation to pay what had been agreed.

oh, almost forgot, the initial agreement was for 33p in the £.......

Eh? Oh, "Wakefield went bust and would have done so for a second time if the rfl hadnt chucked a large loan their way".

Well, it remains that they did not go bust even once. They went into administration twice.

The second one can't have involved that "large" an RFL loan, secured on Mr Carter's house - he lives in an ex-council semi in Wrenthorpe!

Well, maybe he doesn't...

I'm amazed that you are trying to find any negative in the way Michael Carter has repositioned the business.

I have no doubt 99 out of a 100 others would use the CVA to avoid paying their dues, rather than risking their own family home and acting with great dignity and responsibilty! He must have been crackers!

Ok here’s goes....

A company called Spirit of 1873 LTD bought the assets of the rugby club on 17 feb 2011. This is the company that has run the rugby club ever since. The administrator obviously took until 2013 to wind up the affairs of OLDCO.

In July 2013 spirit of 1873 ran into financial hardship. They did not however enter administration. Instead they sold players, took a loan, and traded their way out of trouble, repaying every single creditor along the way.

Does that help?

Quote: Call Me God "1. Yes.... If it was at a rate of interest I knew was putting everything I own at risk 2. Read the whole thing..... He blames everyone....its like Mark Anthony's speech in Julius Caesar...... "I come to Bury Caesar, not to praise him" ...... Before spending 15.minutes praising him.......'" Father 1. No one would turn down 500k,so don't be silly. 2. You HAVE NOT read any of the statement i was alluding to. I did say on 25th July.......Not Sunday's statement. It's here. Leigh Centurions owner Derek Beaumont has issued the following statementI apologise to our loyal fans and sponsors for this failing which ultimately has to rest with me. Or here. https://leighrl.co.uk/wp/blog/2018/07/2 ... atement-2/

Quote: Call Me God "1. Yes.... If it was at a rate of interest I knew was putting everything I own at risk 2. Read the whole thing..... He blames everyone....its like Mark Anthony's speech in Julius Caesar...... "I come to Bury Caesar, not to praise him" ...... Before spending 15.minutes praising him.......'" Father 1. No one would turn down 500k,so don't be silly. 2. You HAVE NOT read any of the statement i was alluding to. I did say on 25th July.......Not Sunday's statement. It's here. Leigh Centurions owner Derek Beaumont has issued the following statementI apologise to our loyal fans and sponsors for this failing which ultimately has to rest with me. Or here. https://leighrl.co.uk/wp/blog/2018/07/2 ... atement-2/

Thats a bit of a ramble about nothing tbh.

First of all i didnt know the club had gone into admin twice,i never mentioned going into admin twice.

The club went into administration when the scrap metal merchant lost control of the club,yeah ?

Then the double glazing man took over, the club plodded on for a couple of years before he found himself out of his depth.It was at that point the club was about to crash and burn again until Mr Carter stepped in and barrowed a wedge of money against his house.

Fair do's if thats wrong but thats how i remember it

The scrap metal man (Eric France) didn’t own the club he was a sponsor, and was still a sponsor when double glazing man ( A Glover) took over.

Up the Trin

If you'd bothered to read the thread, Mr Carter has since laid all the details out (including that there was only 1 admin).

I think the "scrap metal man", did play a big part in the club's woes, but he was only a sponsor. Interestingly, he is now at Her Majesty's Pleasure, through his dodgy business dealings.

Thanks.Who owned the club at that time ?

the sad thing is your rambling on about Wakefield Trinity when its all about Leigh and Derek Beaumont.

his statement is a fact that clubs can go quite easily to the wall shows how hard it can be in the lower end