You are quite correct but I am attempting the ostrich approach as I don't want to face the truth.

If you are right there then there's no point going on any more. We may as well be put out of our misery now - it may be a blessing.

well one simple question is as follows
does the 500k include the alleged 350k SRW loaned us
if not then our debt is 850k for a start

Reading on here it is clear that those with any sense who can afford to take up the share offer, are not going to until the club comes totally clean about everything and answers the many valid questions raised and yet unanswered.

The synic in me is starting to think that the lack of detail in writing around this whole share offer is due to the fact that there is more to it then meets the eye. Having seen many half-truths emerge from the club over the years, the only way I would consider buying any is if the following was all provided in writing :

(1) Assurance that the current BOD would not have anything to do with the club going forward

(2) Assurance that the money is going into an Escrow account, all we have at the moment is verbal confirmation and being asked to make cheques payable to a firm of accountants that I don't know from Adam

(3) Assurance that none of the funds will be used to repay Directors loans

(4) Assurance that none of the Directors will be able to profit if and when the remaining proceeds from the sale of Belle Vue are realised

(5) Full disclosure on the true debts the club have (including who they are owed to and what period they relate to)

(6) Details of any money that has been taken out of the club over the last 5 years by Ted & Co

(7) Details of what amount the BOD are to be donating to the cause (a total figure will suffice) and confirmation that they will not be taking any shares (or at least donating them along with the other shares they already hold)

Sadly, I doubt anyone at the club is capable of/willing to provide these answers.

Consequently, I think we need to get fully behind the supporters trust and let Sandal Cat know what amounts we are willing to pledge, then we can hopefully have enough to look to buy the club back if it goes into admin. I prefer the Supporters Trust route anyway, because at the moment I believe the share request with a minimum of a grand leaves some of our fans on the outside looking in, and thats not right, everyone should be able to contribute what they want are able to. Plus I am far more willing to trust my fellow supporters than anything that the current BOD are responsible for putting together

who gets the rest of the ground money if we move, now does his lordship.

it is everybodys choice but do not leave ted with anything left of this club, if we are so much on our knees,why 50%. we would be better in administration then hed got nothing and he wouldnt get a golden handshake. its not our duty to save our club but its a chance to get rid of this lot, who dont even have the decency to say sorry for their actions of running the club into the ground. he will not walk away and sometime in the future it will come back and bite you. DONT DO IT for the long term good of the club.

I didn't know Ted wanted anything more from the club. He's pretty much said he'll hand it over, lock, stock and barrel, if people can come up with the money. No golden handshake, no nothing. Just a barage of abuse for overseeing the whole screw-up.

Tricky well said, what a sick joke this whole situation is. There are so many unanswered questions and nonsense statement being forward to the supporters - no sensible person will put the cash into the proposal.

Goodbye Richardson family and all your cohorts, do the decent thing and leave voluntarily, if this is your last throw of the dice it's a poor one and all you are showing is your contempt for the intelligence of the supporters.

When I read this I leapt to another conclusion, and it is only a guess. SRW may be setting up for the administration period. If the share thing doesn't work then the club may go into administration, with the money SRW gave being a loan rather than a donation this means he'll be one of the major debtors who get to vote on the terms of the administration. This potentially could be what he's doing, essentially buying a %age of the votes at the later stage.

oh, and hello by the way... I'm a cas supporter but wanted to keep up with all the goings on a Trin - and registered because when I read that about Rodney Walker it made me think of the goings on at Leeds United a few years back.

this is what angered me and then to read on a club statement how much do you want your club to survive

Here's an odd proposition for you... (sorry by the way, the Rodney Walker thing is fresh in my mind and I'm trying to get my head around possible scenarios)

Rodney Walker donates 165000 to Wakefield to pay the tax bill, upon the share thing being announced it gets turned into a loan - If 500000 is raised to own 50% of the club, then this effectively values the club at 1 million. Rodney Walker does not then take the cash out of the club but instead converts that loan into shares and at no further cost to himself he gets 16.5% of the company.

I'll stop now

Maybe there could be options explored on the 18th regarding a fighting fund?

Here's a thought.

If we accept the reality that the RFL are not going to give us a franchise, we will be a National League side next year. In which case, wouldn't £500K be much better put behind a National League team. It would go a lot further, might help us win something (which we have to do to get back into the top flight again), by which time hopefully Newmarket will be sorted and the future will look brighter.

So is the solution to go into administration, drop down, get a fighting fund for down there and so do more with it?

Perhaps someone with knowledge of company law can provide some info though, because my understanding of the Crusaders situation is that they went into administration, which of itself doesn't cleanse the debts, I think. All it does, I think, is ring-fence the assets as the administrator tries to come to agreements with creditors to sort out the debts. The Crusaders company then went bust (which is different to administration), and the new Crusaders company was set up in its place. In our case, would administration work, ie, the HMRC is not going to go away, and so we would have to do what the Crusaders did, and go bust and restart as a new limited company. But the principal asset related to our club, Belle Vue, is owned by someone else, with a payment pending on that, and so how would that work? The new club would not be allowed to say "give the money to us instead", I assume, as the money would be payable to the old company, not the new one.

What I'm trying to get round to is what would happen to Belle Vue? Would the buyer get it by default and we would have to come to a rental arrangement, and did the Crusaders avoid the tax and old debts not by going into administration, but by going bust?