FORUMS > Wakefield Trinity > Meeting at Red Hall tonight |
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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 |
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| Want to change at the club in the board room and if administration is the best way then so be it but I do feel sorry for the local businesses, some small ones I'm sure, that will lose money when they need it.
Can't think WTW has a good name to work with anyway but def not now.
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| Quote: bren2k "This is a real worry; Ted has appointed the administrator (O'Hara's) and potentially, got a sympathetic investor on board. In theory he could go into admin with a pre-pack all ready to go, work with the sympathetic investor to buy the club out of administration and hey presto - WTW is reborn, as dysfunctional and hopeless as before, with Richardson tendrils all over it.'"
But we've been told we have 4 potential suitors for the blushing bride-to-be, which seems to rule out the idea of a pre-pack.
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| Quote: PopTart "Want to change at the club in the board room and if administration is the best way then so be it but I do feel sorry for the local businesses, some small ones I'm sure, that will lose money when they need it.
Can't think WTW has a good name to work with anyway but def not now.'"
We don't really know who's owed what, but I agree with you, if there are any small local businesses on the list, this will be bitter, and could potentially see them end up in the same place. Not something that fans or anyone associated with the club should feel happy about.
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| Quote: PopTart "Want to change at the club in the board room and if administration is the best way then so be it but I do feel sorry for the local businesses, some small ones I'm sure, that will lose money when they need it.
Can't think WTW has a good name to work with anyway but def not now.'" if we are talking about sponsorship I can't see why they can't be honoured by a new owner
would heal the wounds left by the present regime
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43457_1320063455.jpg READ THE AUP:
//forums.rlfans.com/viewtopic.php?f=1&t=438945&tsmp=1381997916:d7dc4b20b2c2dd7b76ac6eac29d5604e_43457.jpg |
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| O'haras will do what's best for the creditors, but with the long term benefit of the club. I can well imagine who out of the four, the sympathetic investor may be, but I think the searious investors, Parkin or France will be the eventual winners.
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cartoons/WB151.gif :cartoons/WB151.gif |
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| When will we find out what happened at Red Hall,the suspense is killing me!
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| Quote: TrinnyFan "When will we find out what happened at Red Hall,the suspense is killing me!'" monday has been mentioned on here alot but today someone told me wednesday, so lets say next week
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| Quote: TrinnyFan "When will we find out what happened at Red Hall,the suspense is killing me!'"
It will have had something to do with updating the RFL on the situation, something to do with us not being able to register any players, and something to do with something else. I don't know when you'll find out about it, though, or if you ever will.
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cartoons/WB151.gif :cartoons/WB151.gif |
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| I would have thought it would be something serious to hold a meeting on Saturday night!
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| Quote: TrinnyFan "I would have thought it would be something serious to hold a meeting on Saturday night!'"
The original post was made on Friday
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45_1302643626.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_45.jpg |
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| Just be aware...the reason behind the administration process is to try to save potentially-viable businesses as a going concern - that in the past would almost certainly have been broken up or wound up through the effects of the receivership and/or liquidation processes and Crown Preference.
This means that, whilst the interests of the creditors remain paramount, the interests of other stakeholders (including the employees) are also important and the over-riding objective is to save the business as a going concern.
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"If that season review DVD was an A-level entry, it'd fail":15996.jpg |
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| Quote: kinleycat "O'haras will do what's best for the creditors, but with the long term benefit of the club.'"
Wonder who the biggest creditor is…
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45_1302643626.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_45.jpg |
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| Quote: t-r-i-n-i-t-y "Wonder who the biggest creditor is…'"
Bound to be HMRC.
Almost always is with sports clubs (apart from the owner).
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| Quote: "Want to change at the club in the board room and if administration is the best way then so be it but I do feel sorry for the local businesses, some small ones I'm sure, that will lose money when they need it.
Can't think WTW has a good name to work with anyway but def not now.
if we are talking about sponsorship I can't see why they can't be honoured by a new owner'"
the church near belle vue used to offer meals, special dietary needs for players, conference rooms etc and were owed an amount of money when Trinity went into administration in 2001 - this money was just to cover costs and the church saw it as doing a good turn in the community at no risk to themselves or the other more important services they do in the community around Belle Vue.
So, Wakefield Trinity went into administration and as part of recovery plan was to pay 1p in to the pound for all outstanding debts. The church, hard up and finding that they would have to cut corners on more important community work complained and refused to accept it, intending to go public and stop the deal - at which point the club put pressure on the church by essentially letting them know that if wakefield trinity go out of business they would make it known which creditor in the community had forced them out of business.
The church no longer does business with WTW, the volunteers who help out at the church were disgusted with the behaviour of Wakefield Trinity and at least one of them (whom I heard this from many years ago) is finding it very difficult to have any sympathy for their current plight, he also finds it difficult to square this incident with their claims of being a community club.
I swear to god this person is not me, I'm closer to Richard Dawkins than anything with my religious outlook, but it's worth bearing in mind some of the victims in the whole administration shenannigans
I could also mention how Leeds United and Ken Bates shafted St John's ambulance service with their admin...
It's not always businesses trying to make money that suffer, it's charitable organisations just trying to cover costs whilst providing an important service that also suffer
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| Didn't SRW change his donation fto being a loan, this makes him a fairly significant creditor as well
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