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Fed up of these rollercoaster rides!!:d7dc4b20b2c2dd7b76ac6eac29d5604e_10751.jpg



Quote: Sandal Cat "I'm away on holiday so missed this breaking news.

It's not good but am I missing something. We have major problems in so much as we owe HMRC a lot of money. The club has stated that we have agreed a repayment plan with them which is being met so whilst the situation is not as we would like it looks under control. Whats the problem and all this talk of winding up administration. If we fail to repay HMRC we will be wound up - that applies to any business who owes the Revenue but if we repay as agreed we will be fine.

Am I missing something, if so could someone enlighten me.

The main worry is how we have got into this postion. Does anyone know what the debt is- is it VAT, PAYE, Image Rights, Capital Gains on the sale of the Ground ?

I'll be surprised if we are the only Club in this position but we seem to be the one that seems to be singled out in the media - why ? or is it only us ?

We need a statement from the Club explaining how we got where we are and what we are doing to remedy the situation so as to stop all these rumours and steady the ship.'"

Agree totally, the bit I dont understand is the club agreed payments with the HMRC, paid these but still had to go to court for a winding up petition? That bit doesnt make sense or is it me? I honestly dont think the club will have a problem paying the amounts owed in instalments but why the HMRC took it to court and it all became public is a mystery...

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Quote: Walrus "Dont worry Sandal everything is fine. As discussed by many in the know on here. Igonore what you have read in the papers and the scary words like HMRC, High court, winding up etc.

Our press officer will soon make a statement.

'"



Love it.

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Quote: Walrus "Dont worry Sandal everything is fine. As discussed by many in the know on here. Igonore what you have read in the papers and the scary words like HMRC, High court, winding up etc.

Our press officer will soon make a statement.

'"

very good, but i didnt think wakefield had a press officer icon_lol.gif icon_wink.gif

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Quote: 12noon "If Cas had anything to do with off shore accounts and image rights it would surprise me with the player signings we've made. As for what's going on at Wakey though, it will all come out in the fullness of time and it might be a lot of money to pay out, but i can't see you going under because of this. See you next year.
i would be amazed if cas were involved in this, thats if it is to do with image rights. what image rights can there be to pay on over the hill and crocked aussies and kiwis, the only one it could be at cas is goldy and if his image is worth more than £1.50 than i am a dutchman icon_lol.gif

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Quote: tigerman1 "i would be amazed if cas were involved in this, thats if it is to do with image rights. what image rights can there be to pay on over the hill and crocked aussies and kiwis, the only one it could be at cas is goldy and if his image is worth more than £1.50 than i am a dutchman
No Rugby League players image is worth anything thats not the point, the point is they pay them to get the image right even though they have no intention or real commercial use for it.

Its a payment for nothing in effect.

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READ THE AUP: //forums.rlfans.com/viewtopic.php?f=1&t=438945&tsmp=1381997916:d7dc4b20b2c2dd7b76ac6eac29d5604e_43457.jpg



Quote: Wakefield No 1 "Agree totally, the bit I dont understand is the club agreed payments with the HMRC, paid these but still had to go to court for a winding up petition? That bit doesnt make sense or is it me? I honestly dont think the club will have a problem paying the amounts owed in instalments but why the HMRC took it to court and it all became public is a mystery...'"

this is the major concern to me.
If everything was agreed and under control, why the need to go to court?
I am not convinced at all, these people got us into it, therefore I am not confident they are going to be able to get us out.
to me there are too many gaps in the finance side of this club, money comes in and appears never to be seen again, which adds to the speculation about our administrators.
Rhumours appear, wether that is the sale of a player, debt or whatever, these are dispelled, denied or ignored and then bang, a player goes or were in schtuck!!!
I simply do not trust the honesty or compitency of these people anymore, and I am not on my own, clearly.

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SAINTS THE ORIGINAL AND PERENNIAL CHEATS For sale full Saints kit (circa 1989). Shirts in pristine condition, but shorts badly soiled. For 27 - 0 you get a trophy For 75 - 0 you get sod all. Wigan had eight in a row Saints have five in a row:d7dc4b20b2c2dd7b76ac6eac29d5604e_3076.jpg



As I understand it, and I maybe wrong, image rite contracts can or should only be used in conjunction with offshore accounts and are normally only paid to overseas players.


HMRC think that this should be to a maximum of 15 to 20% of a players salary.

However it appears that some clubs have been paying as much as 50% to players on this way and not just overseas players.
Adeybull or any qualified tax expert are probably far better to qualify if this is correct.

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Whatever happened here, we had the big launch then nothing as been heard since.
How much was raised ?
Did JK receive these funds ?

Nothing more as been mentioned to my knowledge, swept under the carpet once more.
So the possibility of getting to the truth on the HMRC debacle will be like watching XFiles.


rlhttp://www.wakefieldwildcats.co.uk/shares-available-for-sale-i605609.htmlrl

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Quote: The Trip "Whatever happened here, we had the big launch then nothing as been heard since.
How much was raised ?
Did JK receive these funds ?

Nothing more as been mentioned to my knowledge, swept under the carpet once more.
So the possibility of getting to the truth on the HMRC debacle will be like watching XFiles.


rlhttp://www.wakefieldwildcats.co.uk/shares-available-for-sale-i605609.htmlrl'"

another good example!!

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Quote: The Trip "Whatever happened here, we had the big launch then nothing as been heard since.
How much was raised ?
Did JK receive these funds ?

Nothing more as been mentioned to my knowledge, swept under the carpet once more.
So the possibility of getting to the truth on the HMRC debacle will be like watching XFiles.


rlhttp://www.wakefieldwildcats.co.uk/shares-available-for-sale-i605609.htmlrl'"


Maybe it's a ittle less sinister than that,i'd guess the shares thing went quiet because we didn't sell many.

TRB
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[color=#400000:2dasnjxb]"Wakefields Sporting Crusader"[/color:2dasnjxb] [b:2dasnjxb][color=#FF0000:2dasnjxb]For the latest details on the Stadium for Wakefield campaign, log onto [url:2dasnjxb]http://www.swag-online.co.uk[/url:2dasnjxb][/color:2dasnjxb][/b:2dasnjxb] [b:2dasnjxb][color=#0000FF:2dasnjxb]For the latest details on the Supporters Trust, log onto [url:2dasnjxb]http://wakefield.rlfans.com[/url:2dasnjxb][/color:2dasnjxb][/b:2dasnjxb]:d7dc4b20b2c2dd7b76ac6eac29d5604e_15993.jpeg



Quote: JINJER "Maybe it's a ittle less sinister than that,i'd guess the shares thing went quiet because we didn't sell many.'"


The club didn't sell the full allocation, but they did sell quite a few.

All those who applied recieved their share certificates shortly after.

Not sure if there are plans to make any announcement - but I suppose the answer is that for those who invested, they will now be shareholders (if not already) and will be able to ask at the next agm.

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I'm still laughing at Cas!!!:15295.gif



Will we still have a club to support by the next agm??

TRB
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[color=#400000:2dasnjxb]"Wakefields Sporting Crusader"[/color:2dasnjxb] [b:2dasnjxb][color=#FF0000:2dasnjxb]For the latest details on the Stadium for Wakefield campaign, log onto [url:2dasnjxb]http://www.swag-online.co.uk[/url:2dasnjxb][/color:2dasnjxb][/b:2dasnjxb] [b:2dasnjxb][color=#0000FF:2dasnjxb]For the latest details on the Supporters Trust, log onto [url:2dasnjxb]http://wakefield.rlfans.com[/url:2dasnjxb][/color:2dasnjxb][/b:2dasnjxb]:d7dc4b20b2c2dd7b76ac6eac29d5604e_15993.jpeg



Quote: lad13 "Will we still have a club to support by the next agm??'"


Of course we will! icon_confused.gif

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I always took no news as good news - but now i take as no news is club having the worst accountnat in the world.

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Quote: TRB "The club didn't sell the full allocation, but they did sell quite a few.

All those who applied recieved their share certificates shortly after.

Not sure if there are plans to make any announcement - but I suppose the answer is that for those who invested, they will now be shareholders (if not already) and will be able to ask at the next agm.'"


It's not rocket science is it TRB. The success of your project SWAG worked because you communicated with the supporters.

Communication is all is asked for. Obviously there was a lack of it with Her Majesty's as well because that situarion does not happen overnight it takes many many months to get to those kind of proceedings and usually happens when all else fails.

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