No finance worrys at Wakefield

Quote: Wadski "Several different sources really.

1. The clubs shareholder meeting they announced that the ground had been sold in 2007 and of the £1.7million there was £0.5million remaining. This means they have spent £1.2million over 2 years - this would put them in a dire position if there is no restrictions on spending - the biggest cost of which is staff wages.
2. Brough was offered to the Giants and every other superleague club. Sculthorpe was offered to Prem1 clubs too. Since there are several sources on here independently saying the same thing it would suggest it is true.
3. Gates are obvious to measure. But with them predicting more fans this season on the back of their CC semi appearance surely they would have ordered MORE stock for the club shop therefore them running out of mediums suggests they ordered less than last year even in the face of their own estimates of more fans through the turnstiles.
4. Strong rumours out of Bradford that they are taking on Rooney next year and possibly Atkins.
5. RLW had comment that Drew and Petersen were talking to Lawyers and this was mentioned albeit a denail by Ted earlier this week.
6. As mentioned by the OP the statement from Keer was pretty self explanatory.
7. Any share issue is to raise capital. Traditionally they are offered on the quiet to avoid rumours - issuing of new shares devalues the existing ones and therefore annoys shareholder. This issue is in the public domain - as is the £50,000 stadium sponsorship which s due to be announced on before the season but never was.

It has been mentioned above that I have an agenda here - but all I have done is collate the facts that are out there - read into them what you will.

Neggy - if you are interested you can request a detailed submitted accounts from Companieshouse.gov and you should be able to see the balance sheet figures on the stadium sale.'"

An excellent summary.

from the sale at the end of 2007 the money has gone from £1.7M to 0.5M. That is £1.2M down in 17 months and includes a season where they reached a CC semi!