Why not put funds into a fans trust and let the club and boards debts enter administration then buy it out for a pittance and be debt free? Being honest can you see SL bid being accepted? And how much of 500k needed to clear debt which could be better used?

I'm sorry but in the end it is that simple - raise the money we have a club, don't raise it we haven't!

Almost exactly the point I made last night and if this were the intention, I'd be more inclined to cough up; I can't shake the niggling feelling that under the terms (such as they are) of the current scheme, our collective 'investments' will go towards clearing historical debt and paying off BoD members and associated hangers-on and that in a matter of months, the club would be up the same creek without the required propulsion implement.

The above would ensure that wasn't the case.

which is again not fully true, unless you know a hell of a lot more detail than i do.

Correct.
Also the administration could not be a factor in kicking us out of SL as it could be overturned because of the Crusaders issue.Plus there's a few others very near admin as well.

Some major answers need to be made available by the club to any purchaser/s before any cash is handed over.
For a start you wouldn't buy any business without first seeing the books and second getting a solicitor to check over the terms and conditions.
As interested as it sounds, there are too many mysteries to this deal.

In an ideal world maybe but in reality, I don't think so; my view is that the sooner we forget about SL, the better - there is absolutely no way that WTW are getting a franchise in the next round.

Are there any legal eagles that know what would happen to Belle Vue if the club went into administration?

If the administration process resulted in the current deal to sell the ground and the advance received becoming null and void would any potential fan trust purchase from the administrators result in the new trust getting the ground for a nominal sum as well as starting again debt free?

Lets face it fellas, if the RFL see what Wakefield are trying to do with this approach to the fans, it will hardly make them feel positive about Wakefields licence bid.....will it??

Don't give Ted the satisfaction of pocketing your money and then doing a runner, if you really love the club let it go into Admin and then buy it for a song and use the money (that might have been wasted) on a good championship side which can build again and will also be a much better prospect for potential sponsors.

It all sounds very dodgy to me, it sounds like it is not involving the club accounts and its official share capital for some reason, why is this??

It makes no sense, however much you might love your club..........IS IT LEGAL, surely when asking for all this money they need to register it with some financial body or have some sort of legal pack?

Before emotions get the better of a few of you, you have to be clear as to :

Why has it to be done by the end of the month ?
What debt will you be undertaking and under due dilligence you really need to know what liabilities you are buying into,
What safeguards do you have ?
Who owns the account that cheques are being made out to and what conditions are attatched to it, also what guarantees are being shown for monies in that account ?

Also i would speak to a fanancial advisor and take legal advice. Be very very careful, something doesnt look right and smacks of desperation, Im not trying to denounce this share option , but if you cant afford to loose a grand then dont do it, the risk is too great

They are offering perks for Newmarket and you they shouldnt do that, it hasnt been passed and isnt guaranteed to happen (hope it does eventually for you)

be careful, very very careful