I am sure it would not be a technical issue, an IVA is the last stage before bankruptcy - it is not to be taken lightly.

The whole IVA system was set up to allow professionals in extreme financial difficulty to sort out their finances without losing their jobs ie solicitors, accountants etc

Well then would it be better to let Rodney take over and have a new chief exec?

I just think we need to distance ourselves so to speak from Ted, at least until we get planning permission and/or another franchise.
I can appreciate the work he has done, but at this moment he could be seen (rationally) as a massive liability.#

Colin Mackie would work with anybody who was in charge of the club IMO, as the staidum is a key pillar in them being able to realise the full development potential of the Newmarket site. Sir Rodney would plough on as well as I doubt he would want to have the failure on his CV.

Whatever the reasons for the IVA, the fact is it doesn't look good to outsiders and as you have said the RFL have yet to respond. We all know that the RFL have always been gunning to get us out of SL, this kind of thing puts one bullet in their gun.

His personal finance issues aside, the way the club is run is with a few notable areas of exception comes across as pretty amateurish and Ted is in charge and therefore responsible.

We should not be afraid of change assuming there is someone out there who is interested. This smacks of the JK situation, lets let things carry on in an unacceptable way, cos its better the devil you know.

More uncertainty for the players to deal with, I just hope Ted gets his house either way quickly.

And yet they, who have much of the control over these matters and who are aware of far more details than we are privilidge to, choose to continue to work with Ted! Perhaps they are more understanding, or perhaps they believe that the situation Ted is in is recoverable and that he is the best man for the job?

It could just be as simple as he is currently the Chairmen of the club and therefore the person they need to work with. They can't force him out

Can see the joy some of our 'rivals' will have with this latest news.

I have been a big critic of the Ted Richardson corner shop family run business, but who else has there been or is there in the pipeline in whatever format have seriously come in with a firm offer and with sound business plan to take the club forward i do not know of one ?

What we should be grateful for is that his financial problems are not linked directly to the club ie what is owed in outstanding debts money can be took for the club to pay for these or vice versa companies owed money can claim from the club. There are alot of football clubs have gone bust through this.

We must thank Ted for putting in his money to keep the club running, but yes it is time for a change.

I hope this looks better in the morning.

not an ideal timing again but a statement from the club is needed in some way to alleviate the pressure on the club

I wouldn't hold your breath for any statement from the club - they will keep their heads down hiding behind the excuse that its a personal issue for Ted and conveniently forgetting the damage it could do to the clubs already less than professional reputation

By how it was explained earlier I can't understand how any of the people owed money in this would agree to the terms of this IVA? I certainly wouldn't!

Has it already been agreed to?

If it has I can't see how he can continue to be Chairman of the club, surely he has to step down...

Time to test the water and see if our saviour really is out there IMO.

I said "gives" the impression of incompetence, so no I will not be careful, FFS this forum is like everything in this poxy country, run by people who are half book half man.

Is there any point to a forum unless we all sing around the camp fire how great life is ?
Good night, I am off to the other forum, the one that will grow with a bit of luck to massive proportions

nope