FORUMS > Wakefield Trinity > Leading Horses to Water |
|
|
Rank | Posts | Team |
International Chairman | 1468 | |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Jan 1970 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Quote: Slugger McBatt "So the complaint is that people feel that Ted wanted to invest in property and used Belle Vue as his gambling chip when it wasn't his to use, in that he bought it when it didn't need to be sold, and he would have taken the profit when it increased in value, rather than the club selling a more valuable asset at a later date, against which it could have raised finance (like the Crusaders did)?
I think I understand the furore now. Where's my pitchfork?
My apologies for trying to be charitable. I should have learnt by now.'"
Did he?
You'll probably recall a few years ago (around the time the club was "sold"icon_wink.gif the rumours doing the rounds that Eric France and Sons wanted to buy the club. The general consensus then, amongst the vast majority of posters on here, I should add, was that this may not be such a good idea... because the one thing that everyone wanted at the time was the ownership of the stadium, i.e. the potential development land. Most people at the time were sure that with council backing, the Thornes Park stadium would go ahead, so for an outsider with, say, a million to spare, there was a big fat profit to be had from the sale of Belle Vue.
At the time, our chairman said that he wanted to make sure the ground was used for the benefit of the club, and said he wanted to put the ground in a trust. You [icould[/i argue (and I see you're very much the kind of floating voter who might be persuaded by this) that he bought the ground precisely to protect the club from the fate of being usurped for profit, even though he didn't have the money to do it himself, and thus went through this elaborate (to us) mechanism of the company in the IoM to conceal this actions. The club would pay rent to finance the interest on the loan to the Bank of Ireland, until such time as the ground could be sold and the loan repaid. The belief, as it existed at the time, that real estate would continue to soar in value, would protect the club from any loss incurred through the financing of the loan. With a stadium at Thornes Park, the club would have been debt free, with a million or more in the war chest, and a spanking new stadium to play out of.
My client has nothing further to add at this stage. Thank you.
|
|
|
|
Rank | Posts | Team |
Player Coach | 4163 | |
Joined | Service | Reputation |
Feb 2009 | 16 years | |
Online | Last Post | Last Page |
Nov 2021 | Oct 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
42850_1303637344.jpg WE ARE WAKEFIELD, WITHOUT THE RICHARDSONS’ WE ARE STRONGER:d7dc4b20b2c2dd7b76ac6eac29d5604e_42850.jpg |
|
| Quote: RebelRebel "Did he?
You'll probably recall a few years ago (around the time the club was "sold"icon_wink.gif the rumours doing the rounds that Eric France and Sons wanted to buy the club. The general consensus then, amongst the vast majority of posters on here, I should add, was that this may not be such a good idea... because the one thing that everyone wanted at the time was the ownership of the stadium, i.e. the potential development land. Most people at the time were sure that with council backing, the Thornes Park stadium would go ahead, so for an outsider with, say, a million to spare, there was a big fat profit to be had from the sale of Belle Vue.
At the time, our chairman said that he wanted to make sure the ground was used for the benefit of the club, and said he wanted to put the ground in a trust. You [icould[/i argue (and I see you're very much the kind of floating voter who might be persuaded by this) that he bought the ground precisely to protect the club from the fate of being usurped for profit, even though he didn't have the money to do it himself, and thus went through this elaborate (to us) mechanism of the company in the IoM to conceal this actions. The club would pay rent to finance the interest on the loan to the Bank of Ireland, until such time as the ground could be sold and the loan repaid. The belief, as it existed at the time, that real estate would continue to soar in value, would protect the club from any loss incurred through the financing of the loan. With a stadium at Thornes Park, the club would have been debt free, with a million or more in the war chest, and a spanking new stadium to play out of.
My client has nothing further to add at this stage. Thank you.'"
That would be far too intelligent for Ted. The prosecution could just real off all his other disastorous decisions to prove that the above was nothing but an elaborate fabrication to try and avoid the fact he was a deceitful git
|
|
|
|
Rank | Posts | Team |
International Board Member | 6109 | No Team Selected |
Joined | Service | Reputation |
Jul 2002 | 22 years | |
Online | Last Post | Last Page |
Jan 2023 | Oct 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
2552.jpg KEAR OUT !!!!:2552.jpg |
|
| Quote: RebelRebel "Did he?
You'll probably recall a few years ago (around the time the club was "sold"icon_wink.gif the rumours doing the rounds that Eric France and Sons wanted to buy the club. The general consensus then, amongst the vast majority of posters on here, I should add, was that this may not be such a good idea... because the one thing that everyone wanted at the time was the ownership of the stadium, i.e. the potential development land. Most people at the time were sure that with council backing, the Thornes Park stadium would go ahead, so for an outsider with, say, a million to spare, there was a big fat profit to be had from the sale of Belle Vue.
At the time, our chairman said that he wanted to make sure the ground was used for the benefit of the club, and said he wanted to put the ground in a trust. You [icould[/i argue (and I see you're very much the kind of floating voter who might be persuaded by this) that he bought the ground precisely to protect the club from the fate of being usurped for profit, even though he didn't have the money to do it himself, and thus went through this elaborate (to us) mechanism of the company in the IoM to conceal this actions. The club would pay rent to finance the interest on the loan to the Bank of Ireland, until such time as the ground could be sold and the loan repaid. The belief, as it existed at the time, that real estate would continue to soar in value, would protect the club from any loss incurred through the financing of the loan. With a stadium at Thornes Park, the club would have been debt free, with a million or more in the war chest, and a spanking new stadium to play out of.
My client has nothing further to add at this stage. Thank you.'"
In my true Jim Carrey voice...
"Jordan fades back, swoosh, and THAT'S THE GAME! Nothing further, your honor! "
|
|
|
|
Rank | Posts | Team |
International Chairman | 14145 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Aug 2020 | Oct 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
45_1302643626.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_45.jpg |
|
| Quote: RebelRebel "Did he?
You'll probably recall a few years ago (around the time the club was "sold"icon_wink.gif the rumours doing the rounds that Eric France and Sons wanted to buy the club. The general consensus then, amongst the vast majority of posters on here, I should add, was that this may not be such a good idea... because the one thing that everyone wanted at the time was the ownership of the stadium, i.e. the potential development land. Most people at the time were sure that with council backing, the Thornes Park stadium would go ahead, so for an outsider with, say, a million to spare, there was a big fat profit to be had from the sale of Belle Vue.
At the time, our chairman said that he wanted to make sure the ground was used for the benefit of the club, and said he wanted to put the ground in a trust. You [icould[/i argue (and I see you're very much the kind of floating voter who might be persuaded by this) that he bought the ground precisely to protect the club from the fate of being usurped for profit, even though he didn't have the money to do it himself, and thus went through this elaborate (to us) mechanism of the company in the IoM to conceal this actions. The club would pay rent to finance the interest on the loan to the Bank of Ireland, until such time as the ground could be sold and the loan repaid. The belief, as it existed at the time, that real estate would continue to soar in value, would protect the club from any loss incurred through the financing of the loan. With a stadium at Thornes Park, the club would have been debt free, with a million or more in the war chest, and a spanking new stadium to play out of.
My client has nothing further to add at this stage. Thank you.'"
And is your client now prepared to give that testimony from the witness box rather than from the dock?
|
|
|
|
|
Rank | Posts | Team |
International Chairman | 1468 | |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Jan 1970 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Quote: Adeybull "And is your client now prepared to give that testimony from the witness box rather than from the dock?'"
I don't really think he has much choice in the matter, do you?
|
|
|
|
Rank | Posts | Team |
Player Coach | 1749 | No Team Selected |
Joined | Service | Reputation |
Sep 2009 | 15 years | |
Online | Last Post | Last Page |
Nov 2014 | Nov 2014 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
46828_1381397654.png [b:1ut2mx8s][color=#FF0000:1ut2mx8s]Devils Disciples required - No initiation ceremony needed just enter AJ Bell Stadium on Gameday to be accepted.[/color:1ut2mx8s][/b:1ut2mx8s]:d7dc4b20b2c2dd7b76ac6eac29d5604e_46828.png |
|
| Aren't Irish Banks currently suffering due to financial difficulties ?
Reading about Crusaders,not only did they owe WTW but a lighting company in Wakefield.It seems the administrator could take action against directors at that club.
rlLINKrl
|
|
|
|
|
Rank | Posts | Team |
Player Coach | 753 | No Team Selected |
Joined | Service | Reputation |
Apr 2009 | 16 years | |
Online | Last Post | Last Page |
Apr 2016 | Apr 2016 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| I sense another club statement being prepared for the website. How many of those have we seen over the last couple of years. It is something we are at the top of the league in.
|
|
|
|
Rank | Posts | Team |
International Chairman | 14145 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Aug 2020 | Oct 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
45_1302643626.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_45.jpg |
|
| Quote: RebelRebel "I don't really think he has much choice in the matter, do you?'"
Oh he always has a choice.
But if he elects to go in the box, he's under oath.
And may God have mercy on his soul.
|
|
|
|
|
Rank | Posts | Team |
Player Coach | 6293 | |
Joined | Service | Reputation |
Jan 2007 | 18 years | |
Online | Last Post | Last Page |
Oct 2024 | Aug 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
31007_1580947500.jpg EVENTUALLY, WE'LL WIN SOMETHING, ,MAYBE, IF I'M STILL ALIVE THEN:d7dc4b20b2c2dd7b76ac6eac29d5604e_31007.jpg |
|
| Quote: RebelRebel "Did he?
You'll probably recall a few years ago (around the time the club was "sold"icon_wink.gif the rumours doing the rounds that Eric France and Sons wanted to buy the club. The general consensus then, amongst the vast majority of posters on here, I should add, was that this may not be such a good idea... because the one thing that everyone wanted at the time was the ownership of the stadium, i.e. the potential development land. Most people at the time were sure that with council backing, the Thornes Park stadium would go ahead, so for an outsider with, say, a million to spare, there was a big fat profit to be had from the sale of Belle Vue.
At the time, our chairman said that he wanted to make sure the ground was used for the benefit of the club, and said he wanted to put the ground in a trust. You [icould[/i argue (and I see you're very much the kind of floating voter who might be persuaded by this) that he bought the ground precisely to protect the club from the fate of being usurped for profit, even though he didn't have the money to do it himself, and thus went through this elaborate (to us) mechanism of the company in the IoM to conceal this actions. The club would pay rent to finance the interest on the loan to the Bank of Ireland, until such time as the ground could be sold and the loan repaid. The belief, as it existed at the time, that real estate would continue to soar in value, would protect the club from any loss incurred through the financing of the loan. With a stadium at Thornes Park, the club would have been debt free, with a million or more in the war chest, and a spanking new stadium to play out of.
My client has nothing further to add at this stage. Thank you.'"
And that's what bothers me. Are we looking at his actions with hindsight? Had the credit crunch not happened, would we have seen it as a cunning wheeze? It's too easy to see conspiracies when maybe he was acting in what he perceived to be the interests of the club.
Or what is the more sinister view and how does it work? You have to judge his actions with how the future looked back then.
|
|
|
|
Rank | Posts | Team |
International Chairman | 1468 | |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Jan 1970 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Quote: Roonaldo6 "Still waiting to be put at ease before I start with Fanzine Issue No 3 and have a real go at the state of this. Having said that, legal action was on the card with Issue 2 so maybe its best I didnt, in fear Id be facing more again in the not too distant future.'"
I think you're pretty safe on the score. Go for it. Instead of donating the profits to squadbuilder, you could buy the club!
Finkabaardit....
|
|
|
|
Rank | Posts | Team |
International Board Member | 6109 | No Team Selected |
Joined | Service | Reputation |
Jul 2002 | 22 years | |
Online | Last Post | Last Page |
Jan 2023 | Oct 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
2552.jpg KEAR OUT !!!!:2552.jpg |
|
| Quote: TwoBlues "Aren't Irish Banks currently suffering due to financial difficulties ?
Reading about Crusaders,not only did they owe WTW but a lighting company in Wakefield.It seems the administrator could take action against directors at that club.
rlLINKrl'"
Made interesting reading...looking forward to ours been made public too.
|
|
|
|
Rank | Posts | Team |
International Chairman | 1468 | |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Jan 1970 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Quote: Slugger McBatt "And that's what bothers me. Are we looking at his actions with hindsight? Had the credit crunch not happened, would we have seen it as a cunning wheeze? It's too easy to see conspiracies when maybe he was acting in what he perceived to be the interests of the club.
Or what is the more sinister view and how does it work? You have to judge his actions with how the future looked back then.'" he gambled with what isn't all his
|
|
|
|
Rank | Posts | Team |
International Board Member | 6109 | No Team Selected |
Joined | Service | Reputation |
Jul 2002 | 22 years | |
Online | Last Post | Last Page |
Jan 2023 | Oct 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
2552.jpg KEAR OUT !!!!:2552.jpg |
|
| Quote: RebelRebel "I think you're pretty safe on the score. Go for it. Instead of donating the profits to squadbuilder, you could buy the club!
Finkabaardit....'"
Would have loved to, but I went into administration after the losses of Issue 2 !!
**But I created a new company, lent myself a few quid, and rented the paper that I am going to do Issue 3 to myself at a larger inflated price**.
I iz clvr after all !
|
|
|
|
Rank | Posts | Team |
International Chairman | 1468 | |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Jan 1970 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Quote: Slugger McBatt "And that's what bothers me. Are we looking at his actions with hindsight? Had the credit crunch not happened, would we have seen it as a cunning wheeze? It's too easy to see conspiracies when maybe he was acting in what he perceived to be the interests of the club.
Or what is the more sinister view and how does it work? You have to judge his actions with how the future looked back then.'"
Exactly! That's the problem. We're in deep deep do-do, make no mistake... but we seem to need someone to blame. We've done the council and Boxy, we've done the RFL, if we can't pin it on this bugger, who are we going to blame? Ourselves? The shareholders who allowed this to happen by not asking the questions they should have asked? You can write a long list.
Then again, he may just be the rogue we have him down for...
|
|
|
|
Rank | Posts | Team |
Moderator | 20849 | |
Joined | Service | Reputation |
Oct 2008 | 16 years | |
Online | Last Post | Last Page |
Oct 2024 | Oct 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
41119.jpg A dog is not considered a good dog because he is a good barker. A man is not considered a good man because he is a good talker - Buddha:41119.jpg |
Moderator
|
| Quote: Slugger McBatt "And that's what bothers me. Are we looking at his actions with hindsight? Had the credit crunch not happened, would we have seen it as a cunning wheeze? It's too easy to see conspiracies when maybe he was acting in what he perceived to be the interests of the club.
Or what is the more sinister view and how does it work? You have to judge his actions with how the future looked back then.'"
I have to say I have no love for Ted but I don't think he is a Pearman I just think he was not very good at running a club. He tried something that didn't work. He should have been more open with everyone but I'm not sure how dishonest he is.
I realise of course I might be being too charitable and the result in the end is the same unfortunately.
|
|
|
|
|
|