FORUMS > Wakefield Trinity > Ferguson signs for Huddersfield |
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| Ouch, I must say this must be gutwtenching especially after good news on Friday and getting season underway!
Interesting comparison with Cru (though yes will have been treated differently) is SKY money? Cru had an advance on there's to help debt and wages etc so although needs covering at the end of year helped during admin process.
Have Wakefield already had SKY money? Has it been used up already?
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| Quote: wakeytom "But the main creditor was the RFL, and it appears that it was agreed prior to their admin that the new owners would take over their main debt ie RFL so the admin did not have to strip the club bare as the other debts would have been secondary to this I would suspect, it been the largest.'" With the greatest of respect they also had the ground to mortgage to secure the debt you dont have that situation.
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| Quote: Trinity Till Death "www.ohara.co.uk/news.htm'"
Taken from the above link
This will enable the Club to continue playing in the Super League to the end of the 2011 season, although there is serious doubt as to whether the Club will be granted a Licence to continue after that date, in line with Rugby League regulations.
Which regulations are those then??????
I find it odd that an administrator would pass comment on a process it has no involvement with.
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| This is breaking my heart. How can the rfl allow a founder member to be treated like this. We all know they dont want us in SL but to (seemingly) try and force us into extinction is beyond anything ive ever witnessed. Its like something out of a movie.
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| Isn't one of the aims of the administrators to keep a concern running effectively so that income can be generated. This is rape of a club. Destroying all its main assets. How many people are going to come and watch half a team try to struggle along this season, therefore even less income. RFL hang your bloody heads in shame!!!! You have successfully driven a heartbroken supporter away from a sport I have watched for 50 years _ WELL DONE.
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| Quote: newgroundb4cas "terrible news. Shameful ! Screw yourself shudds !'"
so you never go shopping in the sales?... you would rather pay full price?
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| This is not the RFL's fault!!!
There are a few people to blame, Starting with Ted Richardson. The sooner you realise this the better.
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| WE did just the same getting Wilkes, Grix & Blanch from Widnes .
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| Quote: adelaide-giant.no9 "so you never go shopping in the sales?... you would rather pay full price?'"
You'd have more success trying to knock a nail in a knot mate
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| Quote: chissitt "You'd have more success trying to knock a nail in a knot mate
i know fella .. hope things work out ok for you guys in the long run .you know my views on wakey .there arent that many hudds fans witha soft spot for trinity
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| Quote: adelaide-giant.no9 "so you never go shopping in the sales?... you would rather pay full price?'"
Women shop in sales. MEN have standards.
Nuff sed
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| Quote: Spongebob "WE did just the same getting Wilkes, Grix & Blanch from Widnes .'"
But we are 'whiter than white' and are part of the 'RL family' so we'd never do that!
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| Quote: 60sCat "Isn't one of the aims of the administrators to keep a concern running effectively so that income can be generated. This is rape of a club. Destroying all its main assets. How many people are going to come and watch half a team try to struggle along this season, therefore even less income. RFL hang your bloody heads in shame!!!! You have successfully driven a heartbroken supporter away from a sport I have watched for 50 years _ WELL DONE.'"
The fact is you have bills to pay, wages to pay, etc etc and without any money comming and the loss of other revenue such as season tickets, sponsorship you have no choice but to sell some assets to cover these costs.
It seems like a cash flow problem to me.
And the reason it might have been different at the Crusaders is that perhaps their investors were willing to put some money into the pot to keep things ticking over. Also the owners there will have known the full extent of the problems and accounted for things as they are the same owners as pre admin.
Also the owners at Cru probably had a plan worked out pre admin where as Ted took you to deaths door with very little breathing space.
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| Quote: Roverswall "No the vermin as you put it are actually trying to recoup as much money for the poor saps you are going to leave short as possible before you get to pay them 10p in the £.
This is how administration works and this is what most of you wanted so how can you now complain?'"
I'm not really complaining what should happen to you if you go in admin, what i'm peeved about is the difference in treatment of us and Crusaders.
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| Quote: deeHell "I'm not really complaining what should happen to you if you go in admin, what i'm peeved about is the difference in treatment of us and Crusaders.'" The diffrence could be that Crusaders had collateral (ground) you unfortunatly do not.
That is the fault of your previous BoD.
Although I will say that I am feeling for you.
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