| FORUMS > Wakefield Trinity > Michael Carter interview/ Press conference |
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| Quote: t-r-i-n-i-t-y "No problem with selling players. It's not nice, but it's nothing new. I worry that the early season ticket money (and whatever else we've got early) is revenue we'll need to replace next year at some point.
Cost cutting then. We can't really be paying £400 a match for dancers can we?'"
No JE has re-negotiated and agreed on a new reduced rate of £395 |
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Can someone clarify please about the 400K that is needed ASAP. Is this to get WTW paying up to the full salary cap next year ? Is it to pay off bills and wages ? The statement just seems a bit vague.
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| Quote: Tigerade "Can someone clarify please about the 400K that is needed ASAP. Is this to get WTW paying up to the full salary cap next year ? Is it to pay off bills and wages ? The statement just seems a bit vague.'"
Why ASAP? Are you thinking of investing?
edit...............oh I read that again, I see what you mean now. Money needed asap, not your update needed asap.
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| Quote: jack in the box "Calling them in from what exactly ?
The club can't pay him a penny they don't have one. That also means his shares are totally worthless anyway.
Best thing he can do is write everything off and walk away I don't see what alternative he has.'"
We could promise to pay him then not bother
I'm guessing the reason behind MC trying to take over is because no business in its right mind will deal with this club smiles he's still the owner. |
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| Quote: wrencat1873 "Get the young uns playing RL at HT.
It costs nothing and it helps inspire our future players.
'"
Worked for me. Unless you're bringing in an act that will draw a crowd, no point having pre-match or half-time entertainment beyond Daddy Cool doing his stuff and just play music over the tannoy. |
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| Quote: Tigerade "Can someone clarify please about the 400K that is needed ASAP. Is this to get WTW paying up to the full salary cap next year ? Is it to pay off bills and wages ? The statement just seems a bit vague.'"
I think 400k is the gap between what we currently know to be coming in, and what we need to cover all the outgoings; I don't think it's necessarily that one person needs to bang 400k in, rather that the gap has to be closed either by increasing income, reducing outgoings or more likely, a combination of both. |
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There is a 400k shortfall that needs to be found by end of year so we can still operate. Pay wages+bills etc.
Supporters taking there season tickets back and asking for refunds ain't helping!
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That's how I read it, basically its saying total operating costs must be reduced by £400k to break even.
Paying of our debts is another matter completely.
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| Quote: jack in the box "That's how I read it, basically its saying total operating costs must be reduced by £400k to break even.'"
No - that's not what it means; see my post above. |
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| Quote: PopTart "Why ASAP? Are you thinking of investing?
edit...............oh I read that again, I see what you mean now. Money needed asap, not your update needed asap.
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I mean this :-
"Having conducted a review of the whole business and in particular the finances of the club, it has become obviously apparent that the club is completely under capitalised at this time to the tune of somewhere in the region of £400,000. It’s no secret that the vast majority of Super League clubs all need significant investment and this is usually financed by wealthy owners."
When he says "under capitalised" does he mean to compete with clubs spending up to the full cap or is it needing to pay immediate bills/wages ?
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| Quote: Tigerade "When he says "under capitalised" does he mean to compete with clubs spending up to the full cap or is it needing to pay immediate bills/wages ?'"
That question is not answered in the information he's provided.
rlTry thisrl - it might help. |
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Maybe its me who's thick but with Newmarket on the horizon could we not raise the money from an up front payment from the pending sale of belle view.
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| Quote: Tigerade "I mean this
That is a good question, and the answer is not clear to me
It also doesn't say how long that capital covers. Are we saying we need £400k to take us to start of next season, or to when Sky money comes in, or till Christmas, or even just to get us through the next two months.
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| Quote: BRIGGY "Maybe its me who's thick but with Newmarket on the horizon could we not raise the money from an up front payment from the pending sale of belle view.'"
We don't own it - the Bank of Ireland do. |
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| Quote: BRIGGY "Maybe its me who's thick but with Newmarket on the horizon could we not raise the money from an up front payment from the pending sale of belle view.'"
The ground is owned by someone else, not the club. |
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