FORUMS > Wakefield Trinity > Sorry to bring the expected bad news! |
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Player Coach | 1347 | No Team Selected |
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Jun 2008 | 16 years | |
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Oct 2022 | May 2018 | LINK |
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39793_1491679334.jpg "Castleford's biggest home crowd of the 1991-1992 season wasn't quite 12,000 while on average they'd sit around 6000 but the noise, the chanting and the singing just blows you away" - Tawera Nikau "Standing Tall"
"I can tell you the atmosphere was extraordinary at Wheldon Road on big days. The ground held around 15,000 people, every one of them close to the action on the field and the noise would be enough to send a rumble through the town" - Malcolm Reilly "Reilly - A Life in Rugby League":d7dc4b20b2c2dd7b76ac6eac29d5604e_39793.jpg |
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| Quote: snowie "also we will lose the name
I doubt that, the name of the limited company is not Wakefield Trinity or Wakefield Trinity Wilcats
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Rank | Posts | Team |
International Star | 438 | No Team Selected |
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Jan 2011 | 14 years | |
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Aug 2014 | Jul 2014 | LINK |
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| Quote: newgroundb4cas "What about the people who have allready put 1 thousand in? I feel sorry for them !'"
Hope you don't breed, god help us if you do.
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Rank | Posts | Team |
International Star | 269 | No Team Selected |
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Aug 2010 | 14 years | |
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Sep 2011 | Feb 2011 | LINK |
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52288_1283034037.jpeg We don't have stars in this game, Mrs Weaver, that's soccer.:d7dc4b20b2c2dd7b76ac6eac29d5604e_52288.jpeg |
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| Quote: newgroundb4cas "What about the people who have allready put 1 thousand in? I feel sorry for them !'"
Is that money not with A Wright, therefore not at risk
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Rank | Posts | Team |
Player Coach | 9974 | |
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Feb 2009 | 16 years | |
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Feb 2019 | Feb 2019 | LINK |
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43457_1320063455.jpg READ THE AUP:
//forums.rlfans.com/viewtopic.php?f=1&t=438945&tsmp=1381997916:d7dc4b20b2c2dd7b76ac6eac29d5604e_43457.jpg |
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| Quote: northernersgame "Is that money not with A Wright, therefore not at risk'"
Your wasting your time mate!!!!!!
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Rank | Posts | Team |
Player Coach | 4130 | No Team Selected |
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Aug 2007 | 17 years | |
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Oct 2024 | Apr 2024 | LINK |
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34595_1297504122.jpg [color=#BF0000:1qi6asc8]WAKEFIELD FANS ARE BORN, NOT MANUFACTURED.WE DO NOT CHOOSE, WE ARE CHOSEN. THOSE WHO UNDERSTAND NEED NO EXPLANATION. THOSE WHO DONT, DONT MATTER.[/color:1qi6asc8]
[color=#0000FF:1qi6asc8]I AM THE SEEKER OF TRUTH AND
JUSTICE[/color:1qi6asc8]:d7dc4b20b2c2dd7b76ac6eac29d5604e_34595.jpg |
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| Quote: kinleycat "Your wasting your time mate!!!!!!
if youd of put your a waste of time mate you wouldnt of been far wrong.
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Rank | Posts | Team |
Player Coach | 4809 | No Team Selected |
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Jun 2005 | 19 years | |
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Mar 2016 | Nov 2015 | LINK |
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15996.jpg "I know guys that pay £25 for a facial up north"
"If that season review DVD was an A-level entry, it'd fail":15996.jpg |
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| Quote: snowie "also we will lose the name
WTRLFC (2011) Ltd. seems about right....or whatever we can call it as I'm sure there's some rule about the business name being different from the old one. Club will still be Wakefield Trinity, the company that controls it can be whatever it wants to be. Trinity Rugby Ltd. there's another one.
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Rank | Posts | Team |
Player Coach | 4163 | |
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Feb 2009 | 16 years | |
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Nov 2021 | Oct 2019 | LINK |
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42850_1303637344.jpg WE ARE WAKEFIELD, WITHOUT THE RICHARDSONS’ WE ARE STRONGER:d7dc4b20b2c2dd7b76ac6eac29d5604e_42850.jpg |
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| Quote: Khlav Kalash "Is there any reason why the club can't call in the administrators now? We all know the £500k will not be raised and any investors will not show any interest until the club is in admin. Seems to me the club might as well cut to the chase and sort it out now rather then waiting two weeks. That is of course presuming there are no laws against doing such a thing.'"
Totally agree start the process now. The sooner it is started, the sooner we can hopefully start to move forward to new owners and a much brighter future.
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Rank | Posts | Team |
Player Coach | 708 | |
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Apr 2008 | 17 years | |
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Sep 2024 | Sep 2017 | LINK |
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| Quote: kinleycat "Do we know how long this goes back and how much of our agreed payments were paid back to HMRC?'"
HMRC ripped up the agreement when Crusaders went into Administration before we could pay a penny of what we had agreed.
The agreement covered what had accurued since the previous petition (paid off by SRW) had been made in July. Before anyone starts criticising the club too much about further money accruing to HMRC, they should first try to answer where the business sense is in paying money to someone for what is owed now when they are trying to close you down for money you already owe them?
The club did the right thing in arranging a payment plan and though they can be blamed for many things, blaming them for Crusaders going into Administration would be a bit harsh.
IMO the hearing won't happen as Administrators will be appointed on either 31 Jan or 1 Feb depending on the final total raised.
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Rank | Posts | Team |
International Chairman | 1470 | |
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Dec 2001 | 23 years | |
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Jan 1970 | Jun 2022 | LINK |
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| Quote: Inflatable_Armadillo "The administrator has certain legal responsibilities and one of them is to try and sell the club (company) as a going concern. Any money they get from a sale and any other avenues they will pursue to realise outstanding monies and assets will be will done. The company and players are only worth what someone is willing to pay and that won't be much. What did they buy back Crusaders for, was it £19k?
So the answer is, their job is to raise as much money as they can and that will be up to them what they do to do that and with what, but I suspect the club will be sold for a small sum of money and then yes, the buyer has a clean slate and any creditors, including HMRC will get a portion of remaining monies after the administrator, bank and any other preferential creditors are paid... which I suspect means they will get nothing!'"
So why do the Crusaders supposedly owe the RFL 700K, payable through SKY monies over a 4 or 10 year period, depending on who you believe? Would the RFL be entitled to their money back before HMRC?
Surely it's not a question of any new owner starting with a clean slate. It's a question of buying the club at a price that allows you to factor in existing debt.
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Rank | Posts | Team |
Player Coach | 13798 | |
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Oct 2006 | 18 years | |
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Nov 2024 | Nov 2024 | LINK |
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29100_1291104497.jpg 1/10:d7dc4b20b2c2dd7b76ac6eac29d5604e_29100.jpg |
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| Quote: RebelRebel "So why do the Crusaders supposedly owe the RFL 700K, payable through SKY monies over a 4 or 10 year period, depending on who you believe? Would the RFL be entitled to their money back before HMRC? '"
I think that's what hacked HMRC off, the fact that other creditors lost out yet the RFL was able to somehow protect their own interests.
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Rank | Posts | Team |
Player Coach | 708 | |
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Apr 2008 | 17 years | |
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Sep 2024 | Sep 2017 | LINK |
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| Quote: RebelRebel "So why do the Crusaders supposedly owe the RFL 700K, payable through SKY monies over a 4 or 10 year period, depending on who you believe? Would the RFL be entitled to their money back before HMRC?
Surely it's not a question of any new owner starting with a clean slate. It's a question of buying the club at a price that allows you to factor in existing debt.'"
The RFL loan was to the "new" Crusaders rather than the company that went into Administration.
If the new business goes bust while the RFL loan is outstanding, the RFL will get their money back as they've taken a charge over the Racecourse Ground and would therefore be classed as a "secured" creditor rather than HMRC who are "unsecured" along with any other supplier that might be owed money.
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Rank | Posts | Team |
International Board Member | 259 | No Team Selected |
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Sep 2002 | 22 years | |
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Jan 2015 | Jan 2015 | LINK |
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world champs when it wasn't a pre season friendly: |
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| Quote: RebelRebel "So why do the Crusaders supposedly owe the RFL 700K, payable through SKY monies over a 4 or 10 year period, depending on who you believe? Would the RFL be entitled to their money back before HMRC?
Surely it's not a question of any new owner starting with a clean slate. It's a question of buying the club at a price that allows you to factor in existing debt.'"
because the RFL was able to enforce it as a condition of gaining membership of the rfl which the crusaders needed
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Rank | Posts | Team |
International Chairman | 1470 | |
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Dec 2001 | 23 years | |
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Jan 1970 | Jun 2022 | LINK |
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| Quote: RDM "The RFL loan was to the "new" Crusaders rather than the company that went into Administration.
If the new business goes bust while the RFL loan is outstanding, the RFL will get their money back as they've taken a charge over the Racecourse Ground and would therefore be classed as a "secured" creditor rather than HMRC who are "unsecured" along with any other supplier that might be owed money.'"
So the old Crusaders had no assets that could be realised, the new Crusaders do?
Where do we stand then, with administration and Belle Vue?
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Rank | Posts | Team |
Player Coach | 4809 | No Team Selected |
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Jun 2005 | 19 years | |
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Mar 2016 | Nov 2015 | LINK |
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15996.jpg "I know guys that pay £25 for a facial up north"
"If that season review DVD was an A-level entry, it'd fail":15996.jpg |
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| Quote: Khlav Kalash "I think that's what hacked HMRC off, the fact that other creditors lost out yet the RFL was able to somehow protect their own interests.'"
Perhaps HMRC should ask football to get rid of their 'preferential creditors' rule, which will cost them far more money than if it happened in rugby league, or any other sport for that matter.
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Rank | Posts | Team |
International Star | 269 | No Team Selected |
Joined | Service | Reputation |
Aug 2010 | 14 years | |
Online | Last Post | Last Page |
Sep 2011 | Feb 2011 | LINK |
Milestone Posts |
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Milestone Years |
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Location |
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Signature |
52288_1283034037.jpeg We don't have stars in this game, Mrs Weaver, that's soccer.:d7dc4b20b2c2dd7b76ac6eac29d5604e_52288.jpeg |
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| Quote: MOPSEY LIVES ON "if youd of put your a waste of time mate you wouldnt of been far wrong.
should read
You'd put you're a waste of time....
I see your literacy skills match you rugby coaching ability
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