FORUMS > Wakefield Trinity > Do we want administration? |
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| I am very torn whether I want administration or not now? We will get 4 points de-ducted but im not worried about that at all as our first 3 games are very winnable. I just want to see our owners and the board go now and I want a new regime with some cash to lead us in the right direction especially with Newmarket on the horizon. Apart from the start of last season every season we have been heading in the wrong direction with Ted this season a complete farce as he is not willing to put his own brass in. So lets put it to the vote.
Administration = get the regime out start a fresh? Or not. Lets put it to the vote.
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34860_1297775760.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_34860.jpg |
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| Its the only likely way I can see to get rid of Ted's regime. We need fresh blood, fresh investment (which is likely to come from the fans and businesses for a new BOD), and a fresh push on. The survival factor that Trinity ooze needs to be maximised right now.
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| I thought Sir Rodney Walker had pumped money in ?
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| Nobody seriously "wants" admin, but it may be our best or indeed only option.
Common sense must be the deciding factor, but we must remember that by going into admin others suffer financially, but hey if it's only the taxman and the rfl who cares!!!!
We will also forfeit presumably any monies owed from the sale of BV, which is probably why ted was clinging on, if it's roughly what we owe in debt at the moment.
Also presuming we may forfeit the £350k from yorkcourt?????
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| it is the only way to get us out of this mess, enter administation, get taken over and come back stronger.
We are in a far to weak position now and will not recover.
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| as a netural and a hull kr fan as weve been through this ourselves and come through it stronger with a cva if you want to secure the long term then it would be yes.
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34595_1297504122.jpg [color=#BF0000:1qi6asc8]WAKEFIELD FANS ARE BORN, NOT MANUFACTURED.WE DO NOT CHOOSE, WE ARE CHOSEN. THOSE WHO UNDERSTAND NEED NO EXPLANATION. THOSE WHO DONT, DONT MATTER.[/color:1qi6asc8]
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| i was told the points deduction depends on the size of the debt so it might only be 2 not 4 points deducted. theonly reason i want admin. is because its probably the only way toget shut of this bod.
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50836_1298143372.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_50836.jpg |
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| I don't think anybody wants administration but it may be the best option in ensuring the best future for the club.
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7372_1323373487.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_7372.jpg |
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| I might be wrong, but if a potential buyer is given permission to speak to the creditors on the clubs behalf can they not cut a deal, simular to Administration, but without actually going down that road.
That might be a solve all solution to everything:
The buyer still gets the club at a knockdown price
The RFL can't beat us with the Admin stick
Ted gets sent on his way
HMRC recoup a large part of the debt instead of losing out completely
Wakefield Trinity moves on to better things and does'nt risk losing YCs £350k or the outstanding ground payment.
SRW gets to have his loan repaid ata later date as originaly agreed
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| Sounds good to me, sort it out!!!
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"Quote" But perhaps most impressive is another bumper Wildcats home crowd – 9,237 for a Saturday TV game in the cold and wet is a fine effort from one of Super League’s most progressive clubs "Gareth Walker the Mirror"
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| Lets get the stadium sorted, I say go into administration, start a fresh, if we get kicked out then so be it, lets then rebuild and move forward...
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| I think what we want is to a large extent irrelevant because I can see no other option than administration. The share option is doomed to failure and the potential purchasers of the club are going to want to get the best deal they can and have no links to the previous business - this means waiting for administration.
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| No - but it seems a foregone conclusion.
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Rank | Posts | Team |
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34595_1297504122.jpg [color=#BF0000:1qi6asc8]WAKEFIELD FANS ARE BORN, NOT MANUFACTURED.WE DO NOT CHOOSE, WE ARE CHOSEN. THOSE WHO UNDERSTAND NEED NO EXPLANATION. THOSE WHO DONT, DONT MATTER.[/color:1qi6asc8]
[color=#0000FF:1qi6asc8]I AM THE SEEKER OF TRUTH AND
JUSTICE[/color:1qi6asc8]:d7dc4b20b2c2dd7b76ac6eac29d5604e_34595.jpg |
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| Quote: newgroundb4cas "I am very torn whether I want administration or not now? We will get 4 points de-ducted but im not worried about that at all as our first 3 games are very winnable. I just want to see our owners and the board go now and I want a new regime with some cash to lead us in the right direction especially with Newmarket on the horizon. Apart from the start of last season every season we have been heading in the wrong direction with Ted this season a complete farce as he is not willing to put his own brass in. So lets put it to the vote.
Administration
where were you sat last night
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| What the club needs is a clean slate & a fresh ownership structure. The only way this can be achieved is through a period of Administration, even though it virtually seals our fate as far as July's decision over SL franchises go.
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