Wasn't it mentioned by someone at Tuedays meeting that the RFL have this in mind if the test case fails?

If the test case fails we are in one of the better positions out of all the SL clubs.

Some would owe well into 7 figures ours is nothing like that.

Is it not the case that if the club goes into administration then HMRC could force the club into liquidation ?

Yep I know. Someone said that there would be a planned mass move to liquidation and rebirth to allow all clubs to get rid of the tax burden.

Apologies to you Clan if you thought my post was aimed at you, I can assure you it was'nt, I am sure that you were in the dark as much as what most of us on here was, its probably that you are more alert than me and realised before the penny dropped for me

Slugger, the investors of the £500k would decide whether they felt the club would be safe with the £500k invested. If they felt it still was in the clag then they would not invest the money, let the club go into Administration and then posibbly buy it with the £500k and have working capital to spare.

The share offer is not to secure the existing Board, its to secure the future of Wakefield Trinity and that future may well involve Administration or not and it may be a future in SL or the Championship.

I will be investing £1,000 and there isn't a tighter git than me but before the cash is converted into shares I and any other investor will be looking for some certainty that it will secure the club. If it isnt then I'm sure we will allow it to go into Administration.

Yes.

One club not far from us is alleged to owe £2m if the test case fails and I'm sure there will be others of equal magnitude. Apparantly ours is tiny in comparison but we never have had much of an image.

Not my field of expertise but don't you have to have some assets to liquidate in order to pay creditors.

Perhaps someone with knowledge of Insolvency could answer this.

If this really is a cunning plan by the RFL to get round the tax issue, then they're far more stupid than the morons I thought they were.

We still do. The unpaid remainder of the money for the ground (asuming this hasn't already been accounted for).

I would not be surprised if this is what they did. Remember, "Never Underestimate the Predictability of Stupidity"

Al Capone thought he could avoid paying tax and look what happened to him.

Seriously the game whould lose what little credibility it still is hanging on to.

I'm not sure how the govenrment would view an organised en masse move into admin in order to avoid paying 10s of millions in back taxes. I'm pretty sure that Sport England etc.. would be reviewing their backing of the sport.

Well finally we can agree on something, the RFL have cocked this sport right up.

Mind you I thought that Sir Rod had paid your tax bill I remember a statement from the clubs saying it had been paid and that the future was bright.

I was under the impression that this was for the backdated image rights, turns out I was incorrect although I’ve been informed it was still historic debt. Perhaps this bill is for last year’s tax, and apparently the agreement the club had with HMRC to pay in instalments has been ripped up and they are now demanding payment in full.