FORUMS > Wakefield Trinity > Mr Glover please tell us what is going on. |
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35237_1531749291.png :d7dc4b20b2c2dd7b76ac6eac29d5604e_35237.png |
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| hahaha
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| First let me say that I was happy last friday when Mr.Glover announced that he was the new owner but since then we have heard nothing from him about what is happening.Okay I know he he has not got the go ahead from the RL as yet but surely he could announce whether he is going ahead with the purchase or not,don't forget. that one of the main problems we had with Richardson was that he told us nothing and look where that has led us.
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If Shudds Midgets were playing in my garden i'd pull curtains together.: |
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| YEP reports,
O’Hara said Glover had not attended a scheduled meeting on Monday afternoon and the sale was still up in the air.
O’Hara said he is now planning talks with the RFL to discuss “plan B” in case a take-over does not go ahead.
So, is Glover still wanting us. Looks like he's having trouble making his mind up.
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43457_1320063455.jpg READ THE AUP:
//forums.rlfans.com/viewtopic.php?f=1&t=438945&tsmp=1381997916:d7dc4b20b2c2dd7b76ac6eac29d5604e_43457.jpg |
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| Mr Glover was very regular at one point in the communication stakes now its all gone deathly quiet.
Nobody ever heard a peep from Mr Parkin, i wonder???????
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15996.jpg "I know guys that pay £25 for a facial up north"
"If that season review DVD was an A-level entry, it'd fail":15996.jpg |
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| The perils of ever posting...now he's shown himself on here, people are naturally going to ask and ask and ask until they get answers from him.
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41119.jpg A dog is not considered a good dog because he is a good barker. A man is not considered a good man because he is a good talker - Buddha:41119.jpg |
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| I would hope he is busy finalising the deal rather than talking to us about it
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38576_1362166976.gif What's confusing you is the nature of my game:d7dc4b20b2c2dd7b76ac6eac29d5604e_38576.gif |
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| I wonder what Ted feels like/is thinking about now
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| Quote: PopTart "I would hope he is busy finalising the deal rather than talking to us about it'"
That would be the right thing to do. Not much he can say until the deal is finalised other than noting player sales.
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17123_1311448581.jpg If you only knew the POWER of the dark side.:d7dc4b20b2c2dd7b76ac6eac29d5604e_17123.jpg |
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| Quote: Disney cat "This is the RFL we are talking about so I suspect it would change weekly pending on which club was involved.
Still if it makes you feel better go for it.
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50733_1530270912.jpg [color=#000000:ogl9gbum]"Back home we got a taxidermy man. He gonna have a heart attack when he see what I brung him."[/color:ogl9gbum]:d7dc4b20b2c2dd7b76ac6eac29d5604e_50733.jpg |
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| Quote: Roverswall "Clearly the RFL have it in for you.....................Oh wait they are willing to fund WTWC for a month hoping you get a buyer.
Still if it makes you feel better go for it.'"
It's the least they can do.
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| Quote: Roverswall "Clearly the RFL have it in for you.....................Oh wait they are willing to fund WTWC for a month hoping you get a buyer.
Still if it makes you feel better go for it.'"
No,they are willing to fund the administrator.
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| Quote: Roverswall "Clearly the RFL have it in for you.....................Oh wait they are willing to fund WTWC for a month hoping you get a buyer.
Still if it makes you feel better go for it.'"
The RFL have told the administrators that they are willing to fund the administration process for a minimum of 28 days, which is different to funding WTW directly. Even if a sale happened today, there is behind the scenes paperwork and details that need to be completed by the administrators post-sale, so that is why they agree a minimum term of engagement. They have to play a sellers game by hinting at looking at other options until a full sale is completed. That's just how sales work.
FWIW: Wildcats is one word so WTW is the abbreviation rather than WTWC.
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simpsons/simp019.gif 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 |
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| Do you reckon the maximum number of PM's somebody can get in a message box is? Is there a system of knowing if they have been read? I reckon a certain forum member will be getting a fair few.
This is exactly the reason why it was a joke the guy coming on here posting last week, however good his intentions were......
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| Quote: RichieWarlord "The RFL have told the administrators that they are willing to fund the administration process for a minimum of 28 days, which is different to funding WTW directly. Even if a sale happened today, there is behind the scenes paperwork and details that need to be completed by the administrators post-sale, so that is why they agree a minimum term of engagement. They have to play a sellers game by hinting at looking at other options until a full sale is completed. That's just how sales work.
FWIWAnd what would happen if the RFL didn't do this?
I think we can all guess the answer to that one.
It could well be that the RFL's money is all that stops you from being liquidated.
Now if you want to think that the RFL are the devils in this go right ahead.
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| Quote: Roverswall "And what would happen if the RFL didn't do this?
I think we can all guess the answer to that one.
It could well be that the RFL's money could be all that stops you being liquidated.
Now if you want to think that the RFL are the devils in this go right ahead.'"
When a company goes into administration, they are still operating. The administrator has to look to see where the money is coming from, what assets there are, and what they can do to raise money. The RFL gives clubs money from the Sky deal, it is very likely that the administrators fee will be coming out of this amount and the RFL aren't losing out themselves.
The administrator will look to see if the club is in too much mess, if there are no buyers who are willing to take it on at a reasonable amount (in view of how much creditors are owed). If that is the case, they will liquidate the company, selling off 100% of the assets and pay off the debt.
I 'assume' that with Mr Glover possibly being a suitable buyer, that could seriously help the situation. If administration wasn't involved, and if TR was just selling up and moving out and selling to AG, then AG could have had all the background checks on him from the RFL prior to the sale date. That process has been vastly sped up with administration being involved, and it is a big rush to get everything done.
I do not presume that Mr Glover would have made no cuts if he had come in by now. It is right for companies/clubs to identify waste, expensive assets, and those not giving value for money. So players may still have gone, it would be up to him how he wished to run the club.
I do not think the RFL are the devils in this, I think they may have handled things differently. You have to admit that Quins/Broncos had a different scenario to ours, you have to admit that Crusaders had a different scenario to ours too. I think what people are getting a bit cheesed off is that there doesn't seem to be any perceived assistance from them.
The RFL and the rugby league community like to pride themselves on the family feeling, the looking after each other, and whilst situations like this, and licensing competition - that leads to frustration and annoys fans. When fans are under pressure due to uncertainty there is the tendency to lash out at all things and all parties.
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