Quote: suportrclub "this post, I just want to make clear this isn't a attack or on our any individual and I respect anyone who puts their hand up to be involved and support our club.
Having attended shareholders meetings it is abundantly clear that our overall indebtedness off Circe £4 million pounds plus this season estimated losses which sounds to be substantial can only be met by substantial funds been injected by either the present incumbents all new investment.
The rationale of money spent on the stadium balancing the indebtedness is totally wrong and is in fact the opposite stadiums need enormous amount of funds and money to keep updated and two operate so the argument of asset against liability is incorrect.
If my understanding of above is correct then the narrative coming from the club is not substantiated by the reality of the position where we find ourselves Reality is we don't know which division we will operate in next year we don't know the central funding amount which will be delivered to each club and the reality is the only way to meet the indebtedness east reduced costs, which means moving not from Super League into the championship that perhaps even lower Conclusion take over essential if we have a in our lifetimes want to see success at Wakefield Trinity.'"
I was at the meeting and don't draw the same conclusions you.
The asset, bought with the loan, is an earning asset. That's what pays for the loan.
Clearly, everybody gets that an influx of money is beneficial if we want to move forward, but that's not the same as being needed to pay the bills.