FORUMS > Wakefield Trinity > So how far away from £500k are we? |
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| Quote: BIGAL1 "Thats not the case, a chunk of the people who attended the meeting came forward that night, not that its enough and we won't get near 500.'"
Keep your hands in your pockets then as seems that this BOD dont inspire confidence from hardened fans?
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| Quote: MOPSEY LIVES ON "yes i am but not untill every last one of this lot as gone. if you dont like it then thats up to you, but i will not give while these own any part of the club'"
I'm talking about after the current board have gone. Good to see you willing to help. If the club, in whatever guise, is to survive then all fans need to be pulling in the same direction.
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| Quote: Khlav Kalash "I'm talking about after the current board have gone. Good to see you willing to help. If the club, in whatever guise, is to survive then all fans need to be pulling in the same direction.'"
Absolutely!
and if we had managed to raise a significant sum of money which was sitting in a protected acct waiting for a decision on how to use it, we would be in a much better position than we will be now!
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| Quote: MOPSEY LIVES ON "il be clapping the bod out and laughing at them would you like to join me in offering congratulations on taking the club to near oblivion.'" there is nothing atall worth laughing about in any of this i see nothing that any decent supporter could take any pleasure whatsoever from. constructive critisim i can understand, offers of help i can understand, mis guided loyalties i can understand. i can even understand blind loyalty but what i can't understand is your constant aggression towards anypne that makes any sympathetic noises towards the club or suggestions of help in any way. i may be wrong but in all your posts i can't remember you suggesting any ways of getting out of this mess or offering any help in any way at all but you have a right to your opinion as boring as it is.
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| I've got to say I agree with mopsey 100% on this, i don't think as clan suggests, there is any sabotage here.
I think we all appreciate that the money is safe and seperate in the escrow? account.
But that doesnt clarify what exactly we are buying and the exact mechanics of it all. Perhaps Tuesday's meeting will clarify a lot of facts for a lot of people.
I still maintain 500 people coughing up £1000 is a unrealistic achievement, unless there are a few out there with considerably more to contribute, again Tuesday may bring some answers.
This whole situation is embarrassing, the main and indeed only straw I'm clinging to is that it will bring an end to the Richardson chapter, but what state the club will be in is anyones guess?
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| Quote: kinleycat "I've got to say I agree with mopsey 100% on this, i don't think as clan suggests, there is any sabotage here.
I think we all appreciate that the money is safe and seperate in the escrow? account.
But [sizethat doesnt clarify what exactly we are buying[/size and the exact mechanics of it all. Perhaps Tuesday's meeting will clarify a lot of facts for a lot of people.
I still maintain 500 people coughing up £1000 is a unrealistic achievement, unless there are a few out there with considerably more to contribute, again Tuesday may bring some answers.
This whole situation is embarrassing, the main and indeed only straw I'm clinging to is that it will bring an end to the Richardson chapter, but what state the club will be in is anyones guess?'"
The point is if we raise some money we get the choice about what to buy without raising any money we are'nt buying anything
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| What I don't understand in all this over the last few weeks is why nobody has started a "get ted out" campaign??
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| Quote: merlin "What I don't understand in all this over the last few weeks is why nobody has started a "get ted out" campaign??'" you've not been reading mopseys posts then
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| Quote: The Clan "The point is if we raise some money we get the choice about what to buy without raising any money we are'nt buying anything'"
But we don't know anything for certain, the club has not as far as I am aware, explained the whole situation lock stock and barrel.
Ok we know they have said they will all step down, but what happens to there shares, what is the level of debt now and when hmrc want the next chunk of flesh?
Like I've said previously you don't throw money at a business without 1) seeing the books and 2) getting a solicitor to check the terms and conditions.
Add onto that you also need to speek to the sporting body's.
Two people have done that and walked away.
Ok they're not supporters and we care more, but this is like staring into a blackhole. This isn't sabotage it's sanity.
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| Quote: kinleycat "But we don't know anything for certain, the club has not as far as I am aware, explained the whole situation lock stock and barrel.
Ok we know they have said they will all step down, but what happens to there shares, what is the level of debt now and when hmrc want the next chunk of flesh?
Like I've said previously you don't throw money at a business without 1) seeing the books and 2) getting a solicitor to check the terms and conditions.
Add onto that you also need to speek to the sporting body's.
Two people have done that and walked away.
Ok they're not supporters and we care more, but this is like staring into a blackhole. This isn't sabotage it's sanity.'"
If the club fails to make the necessary information available then the money stays in the ESCROW Acct.
If the information is provided then the shareholders/donators vote to decide what to do with the money.
- Invest it (buy the shares)
- Have it refunded
- Leave it where it is till more clarity is established
- Use it to buy the club from Administration
- Buy new shares in a new club that has been rescued by an investor
- AN Other
- S O Else (in the true tradition of RL)
As I said before, if we don't raise any money we don't have any choices if and when the time comes.
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| Quote: The Clan "If the club fails to make the necessary information available then the money stays in the ESCROW Acct.
If the information is provided then the shareholders/donators vote to decide what to do with the money.
- Invest it (buy the shares)
- Have it refunded
- Leave it where it is till more clarity is established
- Use it to buy the club from Administration
- Buy new shares in a new club that has been rescued by an investor
- AN Other
- S O Else (in the true tradition of RL)
As I said before, if we don't raise any money we don't have any choices if and when the time comes.'"
So if I put my money into the escrow account and collectively, we raise enough, I/we can look at the books and ask questions. Suppose I don't like what I see, and want out? I was under the impression I could just withdraw my money from the account and that was that. Now it seems there's a vote, and if I happen to be in the minority, then tough.
I know you're probably sick to the back teeth of fending off the countless questions about this, but the fact remains, there is no real clarity in the matter (for the time being, at least).
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| Quote: RebelRebel "So if I put my money into the escrow account and collectively, we raise enough, I/we can look at the books and ask questions. Suppose I don't like what I see, and want out? I was under the impression I could just withdraw my money from the account and that was that. Now it seems there's a vote, and if I happen to be in the minority, then tough.
I know you're probably sick to the back teeth of fending off the countless questions about this, but the fact remains, there is no real clarity in the matter (for the time being, at least).'"
It's my understanding that at any point up to the money being utilised you can choose to withdraw your money as a collective or as an individual.
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| Quote: The Clan "It's my understanding that at any point up to the money being utilised you can choose to withdraw your money as a collective or as an individual.'"
This is pretty important and needs to be clarified.
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| Suspect once the monies in you would struggle to get it out if down to a vote.
Sentiment of the masses and all that
Is any of this written down anywhere? Say I was interested in putting a grand in. Where's the details, the facts, the small print etc?
If someone says "contact the club they are very helpful" that's not helpful. A Phonecall doesnt stand up and they should publish this info if they want participation.
Whilst writing this I checked the website in case I missed the obvious. It's not on the front page of their website so can't be that important. It was on the front page of the Wakey express!
This offer is doomed to fail.
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| Quote: Walrus "Suspect once the monies in you would struggle to get it out if down to a vote.
Sentiment of the masses and all that
Is any of this written down anywhere? Say I was interested in putting a grand in. Where's the details, the facts, the small print etc?
If someone says "contact the club they are very helpful" that's not helpful. A Phonecall doesnt stand up and they should publish this info if they want participation.
Whilst writing this I checked the website in case I missed the obvious. It's not on the front page of their website so can't be that important. It was on the front page of the Wakey express!
This offer is doomed to fail.'"
After reading your post, I went to the website, and I couldn't see anything at all about it. Maybe you would have to go hunting for it by keep pressing the "older news" button, but if anyone had merely heard about it and went looking for it, they would assume it was just a groundless rumour. I've had no correspondence about it. Not looking promising.
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