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| The whole thing is summed up very nicely by one phrase above...'very sketchy in the details'. Are people overlooking the 2nd petition brought by Mr Patten. No one seems to know what's for what who or when. Use the monly raised as a carrot for the mystery investor. While its tough on the players concerned, their beef is with the club/board. You need 600k just to get to the start of the season, that is not too long after the 7th Jan. When is someone going to be realistic. Based on the last 6 months of info out of the club how can you be sure that the figures given to you are the real figures.
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| I can understand the people who are reluctant to fund the existing Administration, if they have no confidence in them. However, whatever happens we will have a new Administration in place. If the potential new investors take over then a new Board of Directors will be appointed. If the club enters Administration then the Administrator takes over the management of the club. Either way the current Board goes, so any pledges, donations will not go to the current Administration.
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Moderator | 7498 | Batley Bulldogs |
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| Quote DemonUK="DemonUK"Are people overlooking the 2nd petition brought by Mr Patten.'"
No. That's [url=http://www.london-gazette.co.uk/issues/60356/pages/24098what we're talking about[/url. And it is the most immediate issue.
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| Quote Chico="Chico"It would mean the club can trade while the RFL liases with its interested parties to buy the club in January. '"
Are we not a bit ahead of ourselves here? Who is running the club up to the Hearing? Who will be running the club post the Hearing? How do we know whether John/Howard/Ian have a plan B or not? Remember the Company is still insolvent so any new Director being appointed should take the appropriate advice.
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| Quote Early Bath="Early Bath"Are we not a bit ahead of ourselves here? Who is running the club up to the Hearing? Who will be running the club post the Hearing? How do we know whether John/Howard/Ian have a plan B or not? Remember the Company is still insolvent so any new Director being appointed should take the appropriate advice.'"
As I said: sketchy.
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| So is it known when the taxman wants his slice of the pie?
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| What I can't understand,apart from Chinese writing,is how using the fund to pay off the 2 players' winding up order is different to how the fans' cash was wasted at Bradford.
I understand the basic argument that the Club may go bust unless the cash is paid across but not how the club will survive beyond that. This is not based on anything other than JW saying they needed ten times that.
If we had a definitive statement,rather than informed opinion, that £60k would mean the Club could continue then I'd be all for it.
The genuine supporters want to help,as did Bradford's,but this seems a plan based on hope which is fair enough,but delaying what may be inevitable rather than funding a coherent future.
Sorry,but someone had to say it.
Finally,if it really is that critical, why are Peel not doing it?
The amount is not as significant to them as it is to the fund raising supporters and,as I've said before,whatever their reason for pledging £750,000 to the original plan,that reason must still exist. It won't be their love of Rugby or connection with Salford.
I don't buy the fact that investors are looking for some sign of commitment from fans: they'll be looking at a cold hard business case.
If JW comes out and says that paying off the winding up order is a good use for spending supporters hard earned cash,I'll concede the point.
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| That's exactly what I don't get. As far as I understand it, the argument is: get the 60k and we *might* survive, don't and we definitely won't. So far, so simple. However, if it's a matter of survival, 60k is surely not an insurmountable sum to Wilkinson and Clague, and little more than a rounding error to Peel. What are we missing here?
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| Quote stouffer="stouffer"What are we missing here?'"
A leap of faith, probably.
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| The reference to a leap of faith feels like emotional blackmail,a tug at the heart strings .
Common sense dictates that we need some sort of steer that settling the winding up order would do more than get us to the end of January.
I really do understand the feeling that we must do something but surely there needs to be some guidance.
Everybody is well meaning but there has to be some indication that there's a chance of this working,not just its implicit that ,if we don't,1914 Ltd will fail.
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| Quote Bonita Red="Bonita Red"Common sense dictates that we need some sort of steer that settling the winding up order would do more than get us to the end of January.'"
Ideally.
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| Bonito red.
You talk a lot of sense and I think I, like many other fans, understand the sad situation in which scr find themselves.
I see a big problem though after the Bradford fiasco.
If only one lesson should have been learned from that, it would be to keep your fans and supporters FULLY informed if you expect them to put their hand in their pockets. It would seem however that open, candid and detailed statements are still very difficult to come by. ( maybe for good reason, but nevertheless )
I sent a serious ( for me ) donation to Bradford bulls but as it all turned out, wished I had not.
Added to that, Peel holdings treated me very poorly when I came as an away fan, and I am afraid it leaves me, and many others reticent to help out when we are not sure exactly what the money is earmarked for.
I wish Salford the very best in their fight for survival, but for once I don't think that the fans will have a big effect on the result of what will happen.
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