I would speculate that they were subject of a HMRC investigation raid and that possibly the £21m, as they say, is historical VAT debt... which you might also speculate has been unknown to HMRC until this investigation, by what means we will find out in due course, and of course when HMRC issued the business with their true VAT bill they couldn't pay!!! I would also agree with you TRB that this won't stop there and this story will run for some time!

Equally, I assume that Eric France will now be in effective breach of contract on their shirt sponsorship deal and as such the club can go and sell that space to a new client for the rest (well most) of this season.

Indeed, as some wise people said at the time. I should listen to them more often!

This isn't a terrible thing for the club, far from it. It does mean that a bit of extra cash can be brought in from another sponsor, with the potential to roll that onto next season. Get that logo covered up sharpish, even if it's just the club Twitter name (as Valencia did in the Spanish football league) or website address while the space is sold on. No point advertising a duff business.

Sounds like meetings have already taken place regarding a replacement so fingers crossed it is sorted quickly.

Thought things were going 2 smooth. We need a new sponser lol !!!

Club statement.. www.wakefieldwildcats.co.uk/news ... g/2013/02/

Club statement.. www.wakefieldwildcats.co.uk/news ... g/2013/02/

Glad they didn't buy the club!

A lot of folk did, would have made Ted look like Mother Teresa - but tbf that was pointed out at the time.

See Adeybull's epic strop on totalRL.

How bizarre!!

I can't believe how much hatred the guy has towards Wakefield after we tried to help them. I find it quite halarious if i'm honest. Sinister Wakefield fans

My take on this is as from december 3rd last year ALL scrap transactions had to be logged with I.D. (photo license and utility bill), so HMRC could collect the taxes owed to them and go after the unscrupulous scrap dealers that havn't been paying the correct tax. This figure (22M) must be historical debt calculated on an assumption of previous turnover since december.
Watch this space for more scrap dealers getting into the same boat.
They wont be the last.

No hatred at all towards either Wakefield, or the numerous Wakefield fans I have got one fine with over the years.

But those posters on here, and elsewhere, who have delighted in Bradford's difficulties, or sought to take the moral high ground over things like "our adminstration was fairer than yours" - or over sponsorship - should not be surprised if I point out the hypocrisy?

Do you realise how childish you look? Let it go, it'll make you feel alot better. There are plenty of fans from all clubs who like to revel in any clubs demise and problems. If you keep holding a gurdge you'll end up a bitter old man.

What a bizarre person you are.