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The Trust have placed a copy of the Deed for Belle Vue on the Facebook site and will shortly have the same on the Trusts website.

This is a public document and therefore no confidences have been breached.

To find us on Facebook, simply type in 'Wakefield Trinity Supporters Trust'

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This whole debacle makes Pearman look like a saint. At least he didn't swindle the club out of money, he just didn't give us any.

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Quote: altofts wildcat "This whole debacle makes Pearman look like a saint. At least he didn't swindle the club out of money, he just didn't give us any.'"


True.

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Quote: The Trip "Maybe the Pearman era will be looked at in a different light as well. You was fed a line and you feasted on it. Complicity of the highest order.'"


It's hardly complicity, but you may be right, this may cause the Pearman era may be re-written... or at least a few typos corrected.

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Quote: kinleycat "so according to the article in Lge Exp,
in 2007 WTRLFC (Ted) sold BV for £2.8M to Tillion Partnership (Javine (Ted) is part of Tillion)

Tillion (registered in Isle of Man for purposes not known) were funded by the Bank of Ireland to the tune of £2M (loan) the other remaining £800k is probably the outstanding figure owed to WTRLFC (probably because it never existed, we'll worry about that later!!!((sound familiar)).

£725k was immediately taken by Ted and Brian Eccles as repayment on existing directors loans, presumably that leaves around £1.275M to WTRLFC.

Tillion (Ted) then failed to meet interest repayments owed to BoI , so now we are looking at paying a huge rent to play there to pay back Tillion (Teds) loan, but he got back his and Eccles' loans.

So in this astonishing peace of business he has basically taken a loan out on the ground, trousered his own money first, then defaulted and WTRLFC has to pick up the tab???

Any wonder he was trying to shame the fans into stumping up £500k, to try and cover his tracks, and to continue this deceipt.

I take you back to the words of the original share plea, raise £500K and i/we will resign en mass, elect a new BoD and we will just go to being supporters. Does this sound like the kind of man you would like to stand next to on the terraces, let alone to entrust to run OUR club???

Ted Richardson you are a DISGRACE!!! if you had one shred of decency you would walk away now.'"


What I was lead to believe was that B Eccles hasn't received anything for his directors loan it's all gone to Ted. Eccles was in the process of taking legal action against Ted when he went into his CVA.

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It's worth pointing out here that whilst Mr. Richardson's actions seem to have been self-serving at best, there is no evidence (yet) that he has acted illegally. The administrator may find otherwise, but I somehow doubt it.

The fact that our club appears to all intents and purposes been sold down the river seems undeniable, though.

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Quote: deeHell "What I was lead to believe was that B Eccles hasn't received anything for his directors loan it's all gone to Ted. Eccles was in the process of taking legal action against Ted when he went into his CVA.'"



icon_smile.gif

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What an absolute scandal.. you couldn't make this poop up...

Ted Richardson..... Don't you ever set foot inside the walls of Belle Vue again :@

Oh I forgot you own it and are charging our debt ridden club rent in order for you to pay the loan off, the money we should have recieved.

From fear of getting banned I cannot sum up how much I despise you, If I ever see you in your fancy house in walton or your many holiday apartments in Cyprus god forbid.

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Your not alone in feeling that way mate.

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I know that this area is a little 'cloudy' and I don't suggest that I understand even a small percentage of what has been going on behind closed doors, but I feel that it is wrong to state that WT have received nothing from the sale of Belle Vue. The money has helped to pay off debts that WT accrued to the directors for payments they had made on the club's behalf (I know that there may be a moral aspect to this regarding other creditors and who receives payment first, but many on here were berating the club if it in the future does not pay creditors as a result of going into administration - doesn't this include directors?).
The other 'benefit' the club received fom the BV sale is that the long term bank loan was paid off - it had to be because it was secured against the ground.
With regard to other posters comments regarding this affair, I don't know and as I have stated I can't follow it but it does reflect badly on the club.
What I think is happening is that we are signing a three legged prop from the IoM. icon_confused.gif

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I don't care how it is dressed up, Ted has looked after himself first and left the club to lurch from one crisis to another. He has abused his position and basically done what the hell he likes and then proceeded to blame others for things that have gone wrong. He has made us a laughing stock.

He is a despicable man and he and his family need to get as far away from our club as possible and as quickly as possible. In the interests of their own safety, I seriously hope they don't plan to watch from the terraces as his atrocious letter to shareholders refrerred to.

In fact all this makes what he wrote in that letter ten times worse.

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is the making himself a preferential creditor, by pocketing the £750k, legal?

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Be interesting to see how much the Richardson clan have taken out in wages as well.

Bet it aint small change

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Quote: Tricky2309 "Be interesting to see how much the Richardson clan have taken out in wages as well.

Bet it aint small change'"


Over the years it has to be well over 1 million and i would imagine it is over 2 million.

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For all those ranting about other clubs and how unfair it was they had 'sugar daddies' and we did not, we did, just a skint one. We were also unlucky ours called his loans to the club in, many just write them off.

Unlucky or mismanaged or a BoD spending above the natural level of the club to succeed, but in doing so, perhaps, putting the club further back than it has ever been since formation.

And for those who preached on here how we 'didn't care' if we didn't stick a grand in or how 'it wasn't much money', I hope you choke on those words. Disgraceful then when the majority didn't have anywhere near the full story, even more so now.

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