FORUMS > Wakefield Trinity > Leading Horses to Water |
|
|
Rank | Posts | Team |
Player Coach | 10926 | |
Joined | Service | Reputation |
Jun 2005 | 19 years | |
Online | Last Post | Last Page |
Dec 2021 | Feb 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
15993_1515231183.jpeg [color=#400000:2dasnjxb]"Wakefields Sporting Crusader"[/color:2dasnjxb]
[b:2dasnjxb][color=#FF0000:2dasnjxb]For the latest details on the Stadium for Wakefield campaign, log onto [url:2dasnjxb]http://www.swag-online.co.uk[/url:2dasnjxb][/color:2dasnjxb][/b:2dasnjxb]
[b:2dasnjxb][color=#0000FF:2dasnjxb]For the latest details on the Supporters Trust, log onto [url:2dasnjxb]http://wakefield.rlfans.com[/url:2dasnjxb][/color:2dasnjxb][/b:2dasnjxb]:d7dc4b20b2c2dd7b76ac6eac29d5604e_15993.jpeg |
|
| Quote: bren2k "Sorry - I should have said plain English.
Who is 'we' by the way and how are you arriving at these beliefs?'"
We is the Trust.
We ask a lot of questions!
|
|
|
|
Rank | Posts | Team |
International Chairman | 48326 | |
Joined | Service | Reputation |
Mar 2002 | 23 years | |
Online | Last Post | Last Page |
Sep 2023 | Oct 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
1357.jpg [b:34xc0vwf]Doubt everything, even this[/b:34xc0vwf]:1357.jpg |
|
| Quote: bren2k "And again in English please?'"
He's saying that, despite the LE report, there's no record that they are aware of which indicates directors' loans of £700k being made. Or paid back.
However, WTRLFC did have a bank overdraft of around that, which was personally guaranteed, by Ted Richardson and the other director (ie, they'd be liable to pay it if the club defaulted). The money from Belle Vue's sale (to whoever) meant that guarantee was no longer needed.
(Presumably the overdraft was paid off. However - if, for example, those giving the personal guarantees had had to put their hands in their pocket to actually pay off the overdraft, then they could have received their money back via the payment for BV without it necessarily being a directors' loan to the club. I'm not saying that did happen - I've no evidence it did. But equally, I can't see that it would be that bad a thing if it did happen, tbh)
|
|
|
|
Rank | Posts | Team |
International Chairman | 1468 | |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Jan 1970 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Quote: TRB "It is common business practice for businesses to raise funds this way - hence the large defecits at some other clubs - but it can only function whilst the the third party can afford to take the risk. As our third party is in an IVA, he cannot offer the risk as there are no assets to support it.'"
True, except that this went on 3 years ago, and he wasn't in an IVA then.
It was no secret at the time that he wanted out of the club. Removing his obligation to the club in this way would have been one step towards that. If Thornes Park had been given the go-ahead, the club would have had a new ground (and, you'd have to assume, more revenue streams, far greater income, etc.), Ted could have developed BV and paid off the loan against the ground to the BoI (plus a few "extras" for the club, and no doubt himself too), the club could have had a new owner, and Cap'n Richardson could have raised the anchor and set sail.
That also seems a plausible version of events to me. It's not transparent, it's somewhat underhand, but it's a little less sinister than some of the other theories doing the rounds. It could, of course, be wrong.
|
|
|
|
Rank | Posts | Team |
Player Coach | 10926 | |
Joined | Service | Reputation |
Jun 2005 | 19 years | |
Online | Last Post | Last Page |
Dec 2021 | Feb 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
15993_1515231183.jpeg [color=#400000:2dasnjxb]"Wakefields Sporting Crusader"[/color:2dasnjxb]
[b:2dasnjxb][color=#FF0000:2dasnjxb]For the latest details on the Stadium for Wakefield campaign, log onto [url:2dasnjxb]http://www.swag-online.co.uk[/url:2dasnjxb][/color:2dasnjxb][/b:2dasnjxb]
[b:2dasnjxb][color=#0000FF:2dasnjxb]For the latest details on the Supporters Trust, log onto [url:2dasnjxb]http://wakefield.rlfans.com[/url:2dasnjxb][/color:2dasnjxb][/b:2dasnjxb]:d7dc4b20b2c2dd7b76ac6eac29d5604e_15993.jpeg |
|
| Quote: RebelRebel "True, except that this went on 3 years ago, and he wasn't in an IVA then.
It was no secret at the time that he wanted out of the club. Removing his obligation to the club in this way would have been one step towards that. If Thornes Park had been given the go-ahead, the club would have had a new ground (and, you'd have to assume, more revenue streams, far greater income, etc.), Ted could have developed BV and paid off the loan against the ground to the BoI (plus a few "extras" for the club, and no doubt himself too), the club could have had a new owner, and Cap'n Richardson could have raised the anchor and set sail.
That also seems a plausible version of events to me. It's not transparent, it's somewhat underhand, but it's a little less sinister than some of the other theories doing the rounds. It could, of course, be wrong.'"
All quite possible. But none of it has worked out that way.
|
|
|
|
|
Rank | Posts | Team |
International Star | 1886 | No Team Selected |
Joined | Service | Reputation |
Jun 2010 | 14 years | |
Online | Last Post | Last Page |
Sep 2015 | Sep 2015 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
51581_1309939310.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_51581.jpg |
|
| Quote: The Trip "Looks like they are;
The National Asset Management Agency Bill 2009, in its present format, covers the six financial institutions which are covered by the Irish government's deposit guarantee scheme. Those institutions are Bank of Ireland, Allied Irish Banks, Anglo Irish Bank, EBS, Irish Life and Permanent and Irish Nationwide. Other institutions, such as Ulster Bank, which are not covered may choose to join the scheme.[9]
The Minister for Finance, Brian Lenihan, said the banks would have to assume significant losses when the loans, largely made to property developers, are removed from their books. If such losses resulted in the banks needing more capital, then the government would insist on taking an equity stake in the lenders.[10] Economist Peter Bacon, who was appointed by the government to advise on solutions to the banking crisis, said the new agency had potential to bring a better economic solution to the banking crisis and was preferable to nationalising the banks.[11]
The assets will be purchased by using government bonds, which may lead to a significant increase in Ireland's gross national debt.[10]
The Bill provides that NAMA will be established on a statutory basis, as a separate body corporate with its own Board appointed by the Minister for Finance and with management services provided by the National Treasury Management Agency.[12] [13]
The Bill envisages that NAMA will arrange and supervise the identification and valuation of property-backed loans on the books of qualifying financial institutions in Ireland, but will delegate the purchase and management of these loans to a separately created Special Purpose Vehicle (SPV).[14]'"
Nice bit of research and that lot over in Ireland may do a good job. However this is a UK matter and they have no authority whatsoever over here. So Ted can stick two fingers up at them and tell them to eff off if he wants they can't do anything at all. Infact this whole affair has nothing whatsoever to do with them.
|
|
|
|
Rank | Posts | Team |
Player Coach | 1942 | No Team Selected |
Joined | Service | Reputation |
May 2005 | 19 years | |
Online | Last Post | Last Page |
Apr 2016 | Sep 2015 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Quote: jack in the box "Nice bit of research and that lot over in Ireland may do a good job. However this is a UK matter and they have no authority whatsoever over here. So Ted can stick two fingers up at them and tell them to eff off if he wants they can't do anything at all. Infact this whole affair has nothing whatsoever to do with them.'"
Sorry but it has, the money that the receivers are attempting to recover is money loaned from the Bank of Ireland. So effectivley BV is owned by them.
|
|
|
|
|
Rank | Posts | Team |
Player Coach | 2946 | No Team Selected |
Joined | Service | Reputation |
Feb 2006 | 19 years | |
Online | Last Post | Last Page |
Dec 2017 | Dec 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| £725,000 of the initial amount received from the sale of the ground went to the bank to pay off a long term loan that was secured against the ground.
|
|
|
|
Rank | Posts | Team |
Player Coach | 4130 | No Team Selected |
Joined | Service | Reputation |
Aug 2007 | 17 years | |
Online | Last Post | Last Page |
Sep 2024 | Apr 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
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 |
|
| Quote: RebelRebel "And yet here we are, a few years down the line, with all and sundry screaming for Kear to go. That old hindsight thingy again... isn't it wonderful?
If only we'd listened to Ted, eh, Mopsey? We wouldn't have Kear now.
oh yes kear mr loyalty himself. which job did he want. the catalan or the bradford. or the one thats lost the players.
|
|
|
|
|
Rank | Posts | Team |
Player Coach | 9974 | |
Joined | Service | Reputation |
Feb 2009 | 16 years | |
Online | Last Post | Last Page |
Feb 2019 | Feb 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
43457_1320063455.jpg READ THE AUP:
//forums.rlfans.com/viewtopic.php?f=1&t=438945&tsmp=1381997916:d7dc4b20b2c2dd7b76ac6eac29d5604e_43457.jpg |
|
| No such thing as loyalty in sport mopsey and your smart enough and have seen enough to know that.
If you worked for a company and it was so badly run, they sold all your best tools, and you couldn't do anything about it because the boss didn't listen or care, you'd leave aswell you know.
The thing that this financial situation proves beyond all else is we haven't moved on from the days of emptying the bandits to pay players!!!!
That's why the RFL don't want us, that's why the fans can't be d, that's why the players get fed up and leave, that's why the coach wants out and in the same set of circumstances you'd do the same.
That is the easy way to summarise it, the hard thing is bringing about change.
So come on tell us how we do that?
|
|
|
|
Rank | Posts | Team |
Moderator | 20852 | |
Joined | Service | Reputation |
Oct 2008 | 16 years | |
Online | Last Post | Last Page |
Oct 2024 | Oct 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
41119.jpg A dog is not considered a good dog because he is a good barker. A man is not considered a good man because he is a good talker - Buddha:41119.jpg |
Moderator
|
| Quote: kinleycat "No such thing as loyalty in sport mopsey and your smart enough and have seen enough to know that.
If you worked for a company and it was so badly run, they sold all your best tools, and you couldn't do anything about it because the boss didn't listen or care, you'd leave aswell you know.
The thing that this financial situation proves beyond all else is we haven't moved on from the days of emptying the bandits to pay players!!!!
That's why the RFL don't want us, that's why the fans can't be d, that's why the players get fed up and leave, that's why the coach wants out and in the same set of circumstances you'd do the same.
That is the easy way to summarise it, the hard thing is bringing about change.
So come on tell us how we do that?'"
Exactly right
|
|
|
|
Rank | Posts | Team |
Player Coach | 304 | No Team Selected |
Joined | Service | Reputation |
Mar 2006 | 19 years | |
Online | Last Post | Last Page |
Apr 2015 | Apr 2015 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
22994_1314893871.gif :d7dc4b20b2c2dd7b76ac6eac29d5604e_22994.gif |
|
| TRB said: "We is the Trust. We ask a lot of questions!"
Now, I was under the impression that the trust had not yet been formed. However, it appears that the same old rose-tinted brigade are busy getting their feet under the table already. I had hoped that a Supporters Trust would hold the club to a little more stringent level of scrutiny than previously, but it's lining up to be more of the same if the usual suspects are allowed to be starstruck spokesmen, go-betweens, hangers-on, etc.
Are the little knowing winks supposed to be indicative of the new openness and straightforward communication we have been promised from the Trust?
|
|
|
|
Rank | Posts | Team |
Player Coach | 2946 | No Team Selected |
Joined | Service | Reputation |
Feb 2006 | 19 years | |
Online | Last Post | Last Page |
Dec 2017 | Dec 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| If you are unhappy then get involved
|
|
|
|
Rank | Posts | Team |
Moderator | 12491 | |
Joined | Service | Reputation |
Jul 2002 | 22 years | |
Online | Last Post | Last Page |
Oct 2024 | Oct 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
2358_1651040874.jpg Wakefield TRINITY:d7dc4b20b2c2dd7b76ac6eac29d5604e_2358.jpg |
Moderator
|
| Quote: PHe "If you are unhappy then get involved'"
Correct. No one is stopping you.
|
|
|
|
Rank | Posts | Team |
Player Coach | 304 | No Team Selected |
Joined | Service | Reputation |
Mar 2006 | 19 years | |
Online | Last Post | Last Page |
Apr 2015 | Apr 2015 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
22994_1314893871.gif :d7dc4b20b2c2dd7b76ac6eac29d5604e_22994.gif |
|
| They have my details - I filled in a form on the night - but no call yet. I hope it won't be a vehicle for the same old faces to ingraciate themselves with the club even more.
|
|
|
|
Rank | Posts | Team |
Player Coach | 9974 | |
Joined | Service | Reputation |
Feb 2009 | 16 years | |
Online | Last Post | Last Page |
Feb 2019 | Feb 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
43457_1320063455.jpg READ THE AUP:
//forums.rlfans.com/viewtopic.php?f=1&t=438945&tsmp=1381997916:d7dc4b20b2c2dd7b76ac6eac29d5604e_43457.jpg |
|
| Quote: Chairman Miaow "TRB said, but it's lining up to be more of the same if the usual suspects are allowed to be starstruck spokesmen, go-betweens, hangers-on, etc.
Are the little knowing winks supposed to be indicative of the new openness and straightforward communication we have been promised from the Trust?'"
The trust hasn't as yet been formed as far as I am aware, like the other poster said if you are interested, the more the merrier.
As for holding this board to a more stringent level of scrutiny, you only have to listen to the deafening silence coming out of BV at this disastrous time to know that they tell you jack.
The work that the trust hope or hoped to do is probably going to be done with the new board or at least to aid the transition.
|
|
|
|
|
|