FORUMS > Wakefield Trinity > Ted Richardson resign? |
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| I would imagine that within a matter of days it will be be taken out of his hands as we'll either be in the hands of a new owner or the administrator. If by this time next week Ted is still in charge then he won't have a club to run as the HMRC will have had us wound up.
Either way Teds position is untenable.
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| Quote: Theboyem "I would imagine that within a matter of days it will be be taken out of his hands as we'll either be in the hands of a new owner or the administrator. If by this time next week Ted is still in charge then he won't have a club to run as the HMRC will have had us wound up.
Either way Teds position is untenable.'"
It's that bit that worries me. Basically if we can keep out of administration long enough to be rescued that would be a real bonus for our future. As far as I can tell Ted is the only one who could possibly hold the line for a bit longer, it's all about time now. I don't know how he could do it but I have a feeling he might, he's managed it for the last 15 years .
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| Quote: kinleycat "Can't wait for him to come back as a supporter!!
I'd be delighted, if that happened it means we survived
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| We'll survive (99% certain) at what level who knows?
He won't come within spitting distance of BV or NM (100% certain) and rightly so.
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| Quote: vastman "It's that bit that worries me. Basically if we can keep out of administration long enough to be rescued that would be a real bonus for our future. As far as I can tell Ted is the only one who could possibly hold the line for a bit longer, it's all about time now. I don't know how he could do it but I have a feeling he might, he's managed it for the last 15 years
I assume you're using the word 'managed' in its broadest possible sense?
I don't see any cause for concern; if Ted walked away now, there are several people on the payroll who should be able to act as caretaker managers until our fate is decided. If we're bought by a new owner, from administration or otherwise, it's safe to assume that Ted will work with them in the short term, if only to untangle his personal and business liabilities and to ensure that he gets what's coming to him. I doubt he'll do a Reggie Perrin and take the super secret key to business success with him.
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| Quote: vastman "
One more point, THERE HAVE NEVER BEEN ANY SERIOUSLY INTERESTED PARTIES in the real world, they only exist in the over active imaginations of people like you.'"
your reasoning, source, knowledge of this, comes from where ????
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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]
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| Quote: vastman "It's that bit that worries me. Basically if we can keep out of administration long enough to be rescued that would be a real bonus for our future. As far as I can tell Ted is the only one who could possibly hold the line for a bit longer, it's all about time now. I don't know how he could do it but I have a feeling he might, he's managed it for the last 15 years
well vasty its the first time i can say this to you. im lost for words.
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| Quote: vastman "It's that bit that worries me. Basically if we can keep out of administration long enough to be rescued that would be a real bonus for our future. As far as I can tell Ted is the only one who could possibly hold the line for a bit longer, it's all about time now. I don't know how he could do it but I have a feeling he might, he's managed it for the last 15 years
No good businessman would buy this club and saddle themselves with the debts rather than let it go into administratiom and get it on the cheap. If they did, they don't possess the brains or nous to run the club!
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| Quote: t-r-i-n-i-t-y "No good businessman would buy this club and saddle themselves with the debts rather than let it go into administratiom and get it on the cheap. If they did, they don't possess the brains or nous to run the club!'"
Time will tell, but anyone who did buy the club before Administration and cleared the debts would regain the confidence of debtors and probably make the clubs business dealings, particularly in the local community a lot easier in the future, and might score the odd brownie point with the RFL.
Probably a crap business decision but if I was wadded up I would do it.
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| who are the 18 people who voted NOT for ted to resign?
does 1 of them work in the shop?
are the rest family?
or brainwashed
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| Quote: LyndsayGill "Time will tell, but anyone who did buy the club before Administration and cleared the debts would regain the confidence of debtors and probably make the clubs business dealings, particularly in the local community a lot easier in the future, and might score the odd brownie point with the RFL.
Probably a crap business decision but if I was wadded up I would do it.'"
In some respects it could turn out to be a good business decision to buy the club before admin. It all depends on what chance you think we have of getting a franchise. With no administration black mark against us and playing in a SL standard stadium at Barnsley I would say we was a shoe in for a franchise. Our our application for a franchise would a lot better than Castlefords who will have to show that they have the funding to build Glasshoughton ( not likely at all). If the clubs is bought after administration then I really can't see us having a strong enough application with that against our name. In all fairness we probably would deserve a franchise (along with Crusaders) if we went into administration.
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| Quote: t-r-i-n-i-t-y "No good businessman would buy this club and saddle themselves with the debts rather than let it go into administratiom and get it on the cheap. If they did, they don't possess the brains or nous to run the club!'"
Maybe not, but that hardly helps us does it. If we avoid Administration we retain our SL status. We lose that we may never get it back.
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| Quote: MOPSEY LIVES ON "well vasty its the first time i can say this to you. im lost for words.'"
I don't see why.
I think we are closer on this than you imagine.
Your blunt black and white approach in this case is fully justified.
We may differ as to why but I agree entirely that Ted must go as soon as possible. His position is no longer tenable regardless of his guilt or innocence, that is how it is.
However despite your bluster you know as well as I that it's not as simple as it appears. I fear there is more to come on this and there is a lot of grey.
Ted is like the captain of the Titanic - after it's hit the iceberg. It's to late now, shooting the captain won't help.
I want him to man up and man the bridge until everyone else is safe, then sadly he will have to sink but hopefully the ship won't.
I want him to rectify as much as possible so that the new owners don't find too many boobytraps when they take over. He can't do that if he's on the outside.
It's not sentiment it pragmatism.
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| Quote: linnet "your reasoning, source, knowledge of this, comes from where ????'"
No problem..,
1: I've attended a fair few AGM and am yet to see a serious challenge/bid materialise in 15 years.
2: Ted is the majority shareholder but does not hold the majority of share. There are a number of shares available, both held by others and available from the club as unsold. Certainly enough for a determined bidder to mount a challenge if they really wanted to - they never have.
3: Ted did relinquish control of the club once to a populist choice. His name was John Pearman - can't recall how that worked out.
Remember this, Ted hasn't always been on his uppers or the villian. He got us into SL, put up a million quid to guarantee the club post Pearman and managed to find a plan B with Yorkcourt after the Council mugged us. Clearly it's all gone wrong now and the blame appears to lay with Ted but folk have short memories and tend to forget that it's not been all bad.
Finally I happen to know that the only other real bid was a guy from Hull who was connected to Steve Ferres who was interested some years back. I think Ted did put him off at the time, probably wrongly. However Ted was within his rights and was not obliged to give the club away. I think this is the case many refer to as the one that got away. Yet as I've said there was always the chance available to anyone wishing to gain control of the club if they had really wanted to and were willing to put their hands in their pockets. The fact is most of them wanted it given to them and that was never going to happen. If I'd have been Ted at the time I wouldn't, why should I and how do we know if they would have been any better?
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