It was reported on Red White and Blue by a Richard Whitehead that JM advised ` the western terrace is on the list to be improved but again its all down to cost ` and that the ` lights were turned off the moment the ladies game finished ( saving pennies on the leccy bill is still a priority ) `
These two statements above all else reported from the meeting once more highlight the need to get the deal done asap. Its inconceivable to understand how JM expects to pay the bills without Matt Ellis taking over. It has been stated that the debt is 4 million plus, was this confirmed last night ? if true then that is going to cost well in excess of £ 200,000 a year at least to repay, then we presumably have trading losses which I think were alluded to last night, plus Sky money looks like been reduced. Maybe JM has one of those money trees

You seem to be forgetting the assets far outweigh the debts. £4 million debt £15 million assets. Same as myself and millions of other, I took out a bank loan 3 years ago to part fund a property extension, so I’ve got debt of a few grand, but owning my own property I’ve got assets of over £250 K, that’s how the money world works, I’m sure you know that, so why all the negativity?.

JM didn't say the lights were turned off for cost saving.

£4 million debt on £15 million asset is pretty good.

The money tree is on the East side of the field.

Of course we could do with more money. It doesn't mean you just give it all up to someone shaking some notes. We've had that before.

I’d be happy for John Minnards to stop on or at least for the cross over period,he’s doing a good job in my opinion. It’s up to Matt Ellis and his people who he brings.

Up the Trin

For those at the meeting who heard the conversation about Social Media, there was a comment about some comms ending all the wild negative comments.
.....I guess this proves the opposite.

Our new incumbent is obviously an excellent business man running a hugely successful kitchen company , but imo would be foolish to not have Minards onboard in some capacity ,as he know the clubs dealings inside and out ,and running a successful RL club ,as we all hope it will be in the not too distant future is a far cry from a kitchen company I think we’ll all agree . Johns contacts in and around the game with prove invaluable I’m sure in the coming years .

Success?

What success exactly has the club had really, since John Minards came in at the end of 2018, besides the ground improvements

Those ground improvements could well be the difference in being a SL club and a Championship club after the IMG gradings take effect.
Our only on field "success" has been not getting relegated.

But what have the Romans ever done for us?

After this year, the IMG score is more valuable than anything else at the club.
If we can get to a 15 it allows us to develop without fear of relegation. It allows us to plan for a longer term rather than only half a season at a time.

And Minards has taken us closer to this than anyone has ever done, including Carter.

Players will be more inclined to come to a club that isn't nailed on for relegation, doesn't have to train at a nother club's facilities and can put the heating on in winter.


Even if we were champions this year, without the ground development and the work with other partners behind the scenes, we'd have still been behind the Leigh and Featherstones and probably Toulouse and London.

You could argue that’s been the case though since we entered super league .
We’ve been battling relegation and financial incompetence ever since promotion . At least the appalling situation we found ourselves in with the ground has been brought under control…
John Minards would definitely be an asset to this club moving forward..

this post, I just want to make clear this isn't a attack or on our any individual and I respect anyone who puts their hand up to be involved and support our club.

Having attended shareholders meetings it is abundantly clear that our overall indebtedness off Circe £4 million pounds plus this season estimated losses which sounds to be substantial can only be met by substantial funds been injected by either the present incumbents all new investment.

The rationale of money spent on the stadium balancing the indebtedness is totally wrong and is in fact the opposite stadiums need enormous amount of funds and money to keep updated and two operate so the argument of asset against liability is incorrect.

If my understanding of above is correct then the narrative coming from the club is not substantiated by the reality of the position where we find ourselves Reality is we don't know which division we will operate in next year we don't know the central funding amount which will be delivered to each club and the reality is the only way to meet the indebtedness east reduced costs, which means moving not from Super League into the championship that perhaps even lower Conclusion take over essential if we have a in our lifetimes want to see success at Wakefield Trinity.