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We put this festival on you ba****ds With whole lotta love We worked for one year for you pigs And you wanna break our walls down And you wanna destroy Well you go to hell:simpsons/simp019.gif



Quote: RebelRebel "www.sportinglife.com/rugbyleague/news/story_get.cgi?STORY_NAME

OK, not necessarily - but the implication is there. Do you reckon there any "self sufficient" clubs in the league that spend the full cap (without any bankrolling)?

Hull FC would potetially be the only one I could think of, maybe Wigan at a push.

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Quote: Tommy Duckfingers "OK, not necessarily - but the implication is there. Do you reckon there any "self sufficient" clubs in the league that spend the full cap (without any bankrolling)?

Hull FC would potetially be the only one I could think of, maybe Wigan at a push.'"


What it relates to exactly, I honestly don't know. I read it in the context of our franchise application, and understood it to refer to our proposed business plan which, if implemented, would allow us to spend up to the full cap. I'm guessing the RFL would be more impressed by this than if AG had simply offered to fund the shortfall himself, but as I say, that's just my reading.

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Quote: RebelRebel "www.sportinglife.com/rugbyleague/news/story_get.cgi?STORY_NAME

That is no surprise to me - the people expected to bankroll the club are us. Right or wrong that is very similar to the previous regime - the only difference is this regime hasn't built up any debt - yet.

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Quote: Tommy Duckfingers "OK, not necessarily - but the implication is there. Do you reckon there any "self sufficient" clubs in the league that spend the full cap (without any bankrolling)?

Hull FC would potetially be the only one I could think of, maybe Wigan at a push.'"

Leeds?

As a principle he's got it spot on. Make the club sustainable regardless of whichever relatively transient character owns it.

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Quote: vastman "That is no surprise to me - the people expected to bankroll the club are us. Right or wrong that is very similar to the previous regime - the only difference is this regime hasn't built up any debt - yet.'"

The people of Wakefield want a big club, the people will have to fund a big club, until either we dig up a moneybags owner or we are at least successful enough for our commercial side to kick in and success drives further success.
Parkin was the answer everyone hoped for financially, as to if he was the right man for the job, the way he has been reportedly round every SL/Football club in the area sounding them out i'm not so sure.
AG gives us a future at one level or another, he has moved the club on commercially which will start to give us an advantage we haven't had, but its down to the people to stump up some hard earned to make something out of what we have currently.

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Quote: Khlav Kalash "Leeds?

As a principle he's got it spot on. Make the club sustainable regardless of whichever relatively transient character owns it.'"


Can't agree with you on this one.

Yes as a long term objective it's right but in the short term no. Leeds already were a strong club, we are not and have not been for 40 years. We need some investment to kick it off IMO no matter what happens.

Also as far as I remember Caddick did initially refinance the whole Headingley operation so they did have support.

Finally and this is not a criticism but if we should be as you suggest why have a chairman at all? The ST might as well get a loan and give AG his 30k back and run the club themselves - make TRB the CEO (he'd love that icon_biggrin.gif ) - job done. If directors don't put their hand in their pocket occasionally what is the point, their is nothing to suggest that what AG has done so far couldn't be done by almost any educated supporter.

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Quote: vastman "The ST might as well get a loan and give AG his 30k back and run the club themselves'"


I'd be surprised if the debt to AG was still only £30k. That presupposes that since he took over the club have been breaking even and have needed no further cash injections. Given the drop in attendances and the fact pre administration debts are still having to be paid every month I doubt that's the case.

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Quote: newwildcat "I'd be surprised if the debt to AG was still only £30k. That presupposes that since he took over the club have been breaking even and have needed no further cash injections. Given the drop in attendances and the fact pre administration debts are still having to be paid every month I doubt that's the case.'"


30k is I believe what he paid for the club which is what he is due back. I would not have expected the club to have any debt as yet. In fact given the reasonable attendances and reduced wages bill we may even be running at a profit.

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Quote: vastman "Finally and this is not a criticism but if we should be as you suggest why have a chairman at all? The ST might as well get a loan and give AG his 30k back and run the club themselves - make TRB the CEO (he'd love that In all honestly i'd love to see the club in the hands of the supporters and perhaps a little naively believe that all sports clubs should look to be run in the same manner.

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Quote: vastman "30k is I believe what he paid for the club which is what he is due back. I would not have expected the club to have any debt as yet. In fact given the reasonable attendances and reduced wages bill we may even be running at a profit.'"


Who knows? We are not privvy to the financial affairs so we can only speculate. I think if the club had received the benefit of pre-administration revenues such as shirt sponserships etc and was not saddled with pre-administration debts it was not allowed to write off it might be cash generative but such as things are my guess is the opposite is true. Although perhaps offloading Jeffries has eased some cash pressure as I think he was one of the top earners.

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AG did state during his address at ceder court that the club has taken up more time and a lot more money than he expected, so its probably fair to say he's put in more than 30K . Whether this is in the form of directors loans or he is just putting in the money out of the goodness of his heart is unknown.

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Excellent new i was begging for abit of good news and now we have some. k020.gif . I was also hoping for a announcement regarding this as I thought we must be close.

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Quote: Theboyem "AG did state during his address at ceder court that the club has taken up more time and a lot more money than he expected, so its probably fair to say he's put in more than 30K . Whether this is in the form of directors loans or he is just putting in the money out of the goodness of his heart is unknown.'"


I have no doubt he has put money in and more than he expected. Trinity is a financial sponge IMO because it's aspirations cannot be matched at the moment by it's attributes. That is what took Ted down and despite all his best intentions and well meant words will do the same to AG. Three years with no NM and thus no chance of SL will drain the life out of him - ditto if we stay in SL and don't get NM ASAP.

I honestly believe AG will need deep pockets to pull us through this in the short term. The members lottery is a good boost but I'm afraid he will need to match it with his own for the foreseeable. If we are to retain a SL set up all be it on a reduced scale IMO we will not be able to do this on Championship money alone.This is not pro Ted or anti Glover just a fact as I see it.

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Quote: altofts wildcat "rlhttps://wakefieldwildcats.co.uk/news/be-the-lucky-1873rd-member/2011/07/rl

We have almost reached our target of 1873 members of club 1873 so we have reached 5000 members.

Another franchise box ticked in our application. I still don't think it will be enough to save us but at least we are trying our very best to tick as many boxes as possible.'"

How the hell do we keep or sign the best young uns if we are not in SL

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