FORUMS FORUMS



  
FORUMS > Wakefield Trinity > So how far away from £500k are we?
76 posts in 6 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing
RankPostsTeam
Player Coach6297
JoinedServiceReputation
Jan 200718 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Walrus "Suspect once the monies in you would struggle to get it out if down to a vote.

Sentiment of the masses and all that

Is any of this written down anywhere? Say I was interested in putting a grand in. Where's the details, the facts, the small print etc?

If someone says "contact the club they are very helpful" that's not helpful. A Phonecall doesnt stand up and they should publish this info if they want participation.

Whilst writing this I checked the website in case I missed the obvious. It's not on the front page of their website so can't be that important. It was on the front page of the Wakey express!

This offer is doomed to fail.'"


After reading your post, I went to the website, and I couldn't see anything at all about it. Maybe you would have to go hunting for it by keep pressing the "older news" button, but if anyone had merely heard about it and went looking for it, they would assume it was just a groundless rumour. I've had no correspondence about it. Not looking promising.

J.T
RankPostsTeam
International Board Member7494No
Team
Selected
JoinedServiceReputation
Jan 200322 years
OnlineLast PostLast Page
Sep 2016Apr 2016LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: The Clan "Too many information gaps from the club and too much muddying of the waters by others. The half truths, innuendo and in some cases deliberate sabotage of the share offer has all but killed any chance of us reaching £500K, if there ever was a chance.

IMO, the best we can hope for is to raise a significant amount of money that can be used as a fighting fund if and when we know what were dealing with.'"


I disagree with that and find some of it rather insulting. The share offer is doomed to failure on the lack of information alone. With full and proper information given the opportunity for half truths, innuendo and so on is greatly reduced. The problem for the mug punter is who do you believe? What is the truth? What about those who do not have access to this great forum and it's mine of information where are they getting their information from?

RankPostsTeam
Player Coach9974
JoinedServiceReputation
Feb 200916 years
OnlineLast PostLast Page
Feb 2019Feb 2019LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



According to the rag, we've had 40 registered interest and 10 actual purchasers/donators.

RankPostsTeam
Club Coach5086No
Team
Selected
JoinedServiceReputation
May 200520 years
OnlineLast PostLast Page
Nov 2022Nov 2022LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: kinleycat "I've got to say I agree with mopsey 100% on this, i don't think as clan suggests, there is any sabotage here.
I think we all appreciate that the money is safe and seperate in the escrow? account.
But that doesnt clarify what exactly we are buying and the exact mechanics of it all. Perhaps Tuesday's meeting will clarify a lot of facts for a lot of people.
I still maintain 500 people coughing up £1000 is a unrealistic achievement, unless there are a few out there with considerably more to contribute, again Tuesday may bring some answers.
This whole situation is embarrassing, the main and indeed only straw I'm clinging to is that it will bring an end to the Richardson chapter, but what state the club will be in is anyones guess?'"



You may get some answers at Tuesdays meeting but the point of that meeting is to establish whether the fans of Wakefield Trinity wish to create a Supporters Trust. This is something we have been looking at since before all the latest news came to light.

The aims of the Trust will be explained more fully on Tuesday but I will say
it was never our intention that the Trust would be established in order to take over the running of the club. That may change given the circumstances that we now find ourselves in but the primary purpose of Tuesdays meeting is to decide whether to form a Supporters Trust and to discuss what that actually means in real terms.

RankPostsTeam
Player Coach9974
JoinedServiceReputation
Feb 200916 years
OnlineLast PostLast Page
Feb 2019Feb 2019LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Fordy "You may get some answers at Tuesdays meeting but the point of that meeting is to establish whether the fans of Wakefield Trinity wish to create a Supporters Trust. This is something we have been looking at since before all the latest news came to light.

The aims of the Trust will be explained more fully on Tuesday but I will say
it was never our intention that the Trust would be established in order to take over the running of the club. That may change given the circumstances that we now find ourselves in but the primary purpose of Tuesdays meeting is to decide whether to form a Supporters Trust and to discuss what that actually means in real terms.'"

the question of course, will be if the ST will have the answers the supporters will want answering?
by that i mean, the financial situation at the club and what will happen to any money, should we be in a position to proceed in any way in taking a steak in the club.
as has been said elsewhere, the waters are very very murky, and without answers, people such as i, with the best intentions for the club, will be reluctant to hand over money, they could "better" utilise elsewhere.

RankPostsTeam
Player Coach135No
Team
Selected
JoinedServiceReputation
Jul 200618 years
OnlineLast PostLast Page
Oct 2013Oct 2013LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



If the worst happens and we need fighting funds to carry on I would be willing to put my hand in my pocket.
HOWEVER not if it means continuing to pay the wages of those who have put us in this position, ie "Teds" men, woman.
It seems they have had a good living out of the pot that is, was Wakefield Trinity !!!

RankPostsTeam
Player Coach100No
Team
Selected
JoinedServiceReputation
Feb 200916 years
OnlineLast PostLast Page
Jan 2012Jan 2012LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



I don't like to admit it, bur Mopsey is absolutely spot on. I talked to many wakey supporters over the weekend and everyone had the same view.

I don't trust the board and some of the people alligned to the club.
I think the £1M valuation on the club is a joke.
I would be willing to sccrimp and scrape a grand together if i thought it would genuinly be well used and help.

Seems to me Administration will be a blessing as it will draw a line on the current regime and lets hope we get a fresh start post that day at the management level - goodbye ted / diane and your pals your time is up.

RankPostsTeam
Player Coach3840No
Team
Selected
JoinedServiceReputation
Mar 201015 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



I personally would be willing to put money into the club but 1k is just too much but i would put as much as i can in. However, i wont be putting money in until we get guarantees that Ted and all his family members have left the club. I have been a supporter of Ted in the past because i always think he has tried to do his best however i see us as being in a catch 22 situation where the BOD are saying that they will go if we get the 500k however many people are saying that they will only put the money in once the board has gone. I therefore think it is up to ted and the BOD to make the first move on resign.

RankPostsTeam
International Star793No
Team
Selected
JoinedServiceReputation
Jan 201114 years
OnlineLast PostLast Page
Dec 2016Dec 2016LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



i won't be whilst the current bod are there and that goes to 2 others i know also.

RankPostsTeam
Club Coach7423
JoinedServiceReputation
May 200520 years
OnlineLast PostLast Page
Nov 2024Oct 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Catch 22 really,they won't stand down till the 500k's in place!!

RankPostsTeam
Player Coach1380
JoinedServiceReputation
Jun 200519 years
OnlineLast PostLast Page
Nov 2024Oct 2023LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



A lack of communication was one of the problems that got us into this predicament in the first place and then to hit people with we need this money by January 31st. Sorry but the best rallying call is not
Quote: "The question is are there 500 people out there who have the club at heart - what does this club mean to you?'"


I know that there are many people who can't afford £1000 required, but if honesty had prevailed from the outset then there would surely be more people coming forward to help. When it is looked at in simple terms, two possible investors have walked away and they have been right through the process of due diligence and spoken to the RFL.

We as supporters are expected to stump up a short fall with no idea of what the longer term outcome will hold. Sorry but this is down to nothing else other than poor management.

You wouldn't buy a car your neighbour liked and then ask them to pay for it to be repaired when it broke down, with a half hearted promise of you will have a 50% stake but get no information about any other problems there may be. I know this is the same thing but the same principal applies.

What exactly does this £500k cover? Other than £350k publicised shortfall.

What debts will the 50% share inherit?

In business terms 50% of any business is 50% of it's problems.

I don't know the full extent of the club debt, but it does appear that the club are trying to mend a broken leg with a plaster and they relying on a serious amount of gullible pay now ask later people.

RankPostsTeam
Club Owner7665
JoinedServiceReputation
Oct 200321 years
OnlineLast PostLast Page
Nov 2024Jun 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: J.T "I disagree with that and find some of it rather insulting. The share offer is doomed to failure on the lack of information alone. With full and proper information given the opportunity for half truths, innuendo and so on is greatly reduced. The problem for the mug punter is who do you believe? What is the truth? What about those who do not have access to this great forum and it's mine of information where are they getting their information from?'"



There's certainly no intention to insult anyone and I'm not really sure which bit anyone could find offensive!

It's a fair summary of where we stand and recognises first and foremost that there's too little detail from the club.

RankPostsTeam
Player Coach1380
JoinedServiceReputation
Jun 200519 years
OnlineLast PostLast Page
Nov 2024Oct 2023LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: JINJER "Catch 22 really,they won't stand down till the 500k's in place!!'"


If we go into administration will they have the luxury of that choice?

RankPostsTeam
Player Coach204
JoinedServiceReputation
Mar 200916 years
OnlineLast PostLast Page
Aug 2023Oct 2022LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



I am starting to believe that the current board do not expect 500 people (or groups) to come forward and that will give them every excuse to go into administartion stating that
[i"if the fans cannot be bothered then why should we continue"[/i hereafter called Teds get out clause.

RankPostsTeam
Player Coach563
JoinedServiceReputation
Jan 200619 years
OnlineLast PostLast Page
Nov 2023Sep 2022LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



If and when we do go into administration, what is the process that follows?

How is a business defined as being wound up, or being put into administration? I understand what the ultimate end result is, but how does a body such as HMRC decide which the business is put into?

Is there a very real chance that Ted and co. could again assume control of the club after we are placed into administration or do they retain control of it even through/after this process?

76 posts in 6 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing
76 posts in 6 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing



All views expressed are those of the author and not necessarily those of the RLFANS.COM or its subsites.

Whilst every effort is made to ensure that news stories, articles and images are correct, we cannot be held responsible for errors. However, if you feel any material on this website is copyrighted or incorrect in any way please contact us using the link at the top of the page so we can remove it or negotiate copyright permission.

RLFANS.COM, the owners of this website, is not responsible for the content of its sub-sites or posts, please email the author of this sub-site or post if you feel you find an article offensive or of a choice nature that you disagree with.

Copyright 1999 - 2024 RLFANS.COM

You must be 18+ to gamble, for more information and for help with gambling issues see https://www.begambleaware.org/.



Please Support RLFANS.COM


10.27880859375:10
RLFANS Recent Posts
FORUM
LAST
POST
TOPIC
POSTER
POSTS
Recent
Film game
karetaker
5766
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
7s
BORED The Band Name Game
Boss Hog
63268
12s
Film game
karetaker
5766
21s
Ground Improvements
phe13
198
49s
Fixtures
Hockley Bron
12
1m
2025 Fixtures
Jemmo
1
2m
Transfer Talk V5
Seth
517
2m
DoR - New Coach - Investor & Adam - New signings
Theeaststand
4048
3m
Shopping list for 2025
HU8HFC
5588
3m
Game - Song Titles
Boss Hog
40802
3m
Rumours and signings v9
Mark_P1973
28902
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Shirt reveal coming soon
Khlav Kalash
2
TODAY
Opening Championship and League One Fixtures for 2025 Released
RLFANS News
1
TODAY
Getting a new side to gel
Wigan Bull
2
TODAY
Fixtures
Hockley Bron
12
TODAY
Writers required
H.G.S.A
1
TODAY
2025 Fixtures
Jemmo
1
NEWS ITEMS
VIEWS