FORUMS > Wakefield Trinity > ALL CHANGE AT THE "ICONIC" BULLS...NOT !! |
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icons15f0_files/4663-27sowhat-msnicons.jpg :icons15f0_files/4663-27sowhat-msnicons.jpg |
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| Corruption / incompetence I don't know
If Bradford have broken the rules and there is no censure or repercussions to them
Then god knows .... The administrators of our game will go to hades
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cartoons/WB16.gif hell fire not again:cartoons/WB16.gif |
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| The field is about as level as batley if it was nice and flat like belle vue who knows
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66815_1344197625.jpeg :d7dc4b20b2c2dd7b76ac6eac29d5604e_66815.jpeg |
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It's outrageous that there appears to be no repercussions for the club going into administration barely 1 week before the start of the season. There needs to be consistency otherwise it breeds the smell of corruption!
www.yorkshirepost.co.uk/news/wak ... -1-3054178
1/2/11....Wakefield, too, face a points penalty for breaching the RFL's insolvency regulations but are aiming to secure their long-term future under new owners and will be hoping the latest development will not do irreparable damage to their bid to land a new Super League licence in July.
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It's outrageous that there appears to be no repercussions for the club going into administration barely 1 week before the start of the season. There needs to be consistency otherwise it breeds the smell of corruption!
www.yorkshirepost.co.uk/news/wak ... -1-3054178
1/2/11....Wakefield, too, face a points penalty for breaching the RFL's insolvency regulations but are aiming to secure their long-term future under new owners and will be hoping the latest development will not do irreparable damage to their bid to land a new Super League licence in July.
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| I am at a loss for words. Totally fed up, exasperated and ed off. What hypocrisy!!
Is there nothing our Chairman or Acting Chief Exec can say or do or are we doomed to be treated differently again.
Just totally ed off.
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| system/software changed my word to vexed!!!!
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| Quote: bren2k "Is it ethical or even legal to strip the assets of a company prior to going into administration, to the detriment of creditors?
If there's any whiff of jiggery pokery about this, I'd expect HMRC to be less than gruntled.'"
But they didn't do that, they were sold by the Administrator. The company that used to employ all the players is now in Administration with no assets, the players now have a new employer (employment rights are preserved through TUPE). There is a load of guff being spouted about the club being transferred and it only being the club that used to own them that is in Admin and it is akin to an owner writing off debt. Problem is it seems OK did not agree to write off debt.
I am speculating here in thinking that this is a panic measure due to HMRC petition, however it appears OK has had his interests ignored in all this, not a good way to encourage investors into the sport. I cannot see how Bradford can avoid points deduction, currently it is looking something of a Farrago
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42850_1303637344.jpg WE ARE WAKEFIELD, WITHOUT THE RICHARDSONS’ WE ARE STRONGER:d7dc4b20b2c2dd7b76ac6eac29d5604e_42850.jpg |
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| Whatever the reason they have gone into admin and should be punished accordingly
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| Quote: GiantDee "But they didn't do that, they were sold by the Administrator.'"
Was it advertised? Did the administrator make his best efforts to get a good deal for creditors? Or was the whole thing stitched up around Nigel Woods outsized table, to get OK out of the way and clear the decks for the new owners?
I'm staggered at the lack of transparency in all of this and the brazen way in which the RFL appear willing to go to any lengths to protect the Bulls, whilst spewing out meaningless corporate puff to bamboozle the thick RL public.
I hope that our Chairman is on the phone to Red Hall on Monday morning, demanding an explanation for the difference in treatment of the two clubs; and if this is allowed to stand, what's to stop every club going into admin every off-season, casting off all of its debts and starting each new season afresh, with no penalties? Far-fetched, but there's a principle at stake here.
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26685_1295292281.jpg [b:340dy2d2]“Knock people out. I can’t give you any more of a free rein than that.
“Create f****** mayhem. Be reckless.
Because that’s what’s going to get us a f****** win next week.” [/b:340dy2d2]
Sorry Shaun but these comments cannot be condoned and you should be ashamed of yourself:d7dc4b20b2c2dd7b76ac6eac29d5604e_26685.jpg |
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| Quote: DAVE@CAS1990 "To me, and I am very much ignorant on this topic, this seems very "underhand".
Where was the RFL helping WTW???
This, to me, is an absolute disgrace to the work MC and his staff have done within your business.
A guy comes in and makes massive decisions, albet the right ones and damaging ones, to get the ship afloat above board and in the right way, and the club is rebuilding itself.
The way this has been handled by the powers that be suggests that bradford are being rewarded (i.e. not having to cost-cut) by going slyly round the rules.
It will be interesting to hear what piffle us dumb fans will have to digest over the coming weeks for this to be feebly justified.
I actually feel sorry for the Bulls fans. OK in the short term this is a big positive, but their club's credibility is shot to poop by this, and getting piggy-backed by the RFL is completely unfair to the teams, such as yourselves, who would've been more likely to receive a kicking whilst you were down.
The Bulls fans will have to spend another few years coughing up their hard earned money for their beloved club to be badly run and their money frivelously spent, until this palava inevitably happens again...
I can't speyk.
I just don't know how an outsider would look in on our sport, it's a complete laughing stock, and the worst thing we can do is develop it further than the M62. Because the more people that are aware of it, the more people know how utterly farcical it is.
Constant eague restructures which leaves pros playing amateurs
5 pointless years of licencing
play off systems where you can pick who you play
face-fitting favouritism
constant rebranding of clubs
financially inviable clubs who get different treatment based on their badge colours
....need I go on? We all get it...
I don't know of a more blatantly corrupt sport - which I would prefer if they just admitted it.
I leave this quote
Bang on pal
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| Carter at your place and Hughes at the Broncos have cut deep and lost many quality players to remain solvent. The bulls have kept virtually everyone and played the administration card.
With 2 down this year anything less than 6pt deduction is a disgrace. They should be relegated
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31007_1580947500.jpg EVENTUALLY, WE'LL WIN SOMETHING, ,MAYBE, IF I'M STILL ALIVE THEN:d7dc4b20b2c2dd7b76ac6eac29d5604e_31007.jpg |
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| This is the potential scenario, and one in which points shouldn't be deducted:
Club owner wants out. New owners found but won't pay club owner back what he put into it. New owners actually take over, but when agreed transfer of shares doesn't happen, old club owner gets the club back.
So the old club owner is stuck with a liability he doesn't want but faces losing all his investment. Only viable choice is to close the whole thing down. Not admin, but just closure.
So governing body steps in. They try and broker an agreement to allow the transfer and thinks it has it sorted, but old club owner won't go along with the agreement.
So to force the issue, the governing body suggests that the only legal way to do it is to go into administration and then transfer to a new company. The governing body does it as a last resort to stop a club being closed down.
It is not administration as we suffered it, or as the Bulls did in 2012. It is purely and simply a way of forcing the transfer to owners who actually want to run the club, or else it is chaos.
So this is the point: you can't deduct points from a club for following the advice of those in charge of deducting it. It wouldn't be right.
I'm not saying that's how it happened, but if it happened like that, I can live with it.
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14911_1666773367.jpg [b:3diuzizv][color=#0000FF:3diuzizv]WAKEFIELD[/color:3diuzizv] [color=#FF0000:3diuzizv]TRINITY[/color:3diuzizv] - [color=#FF0000:3diuzizv]The[/color:3diuzizv] [color=#0000FF:3diuzizv]PRIDE[/color:3diuzizv] [color=#FF0000:3diuzizv]of[/color:3diuzizv] [color=#0000FF:3diuzizv]Sporting[/color:3diuzizv] [color=#FF0000:3diuzizv]Wakefield[/color:3diuzizv][/b:3diuzizv]
[b:3diuzizv][color=#FF0000:3diuzizv]THE DEFINITION OF INSANITY IS DOING THE SAME THING OVER AND OVER AGAIN AND EXPECTING DIFFERENT RESULTS[/color:3diuzizv][/b:3diuzizv]:d7dc4b20b2c2dd7b76ac6eac29d5604e_14911.jpg |
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| Quote: Slugger McBatt "This is the potential scenario, and one in which points shouldn't be deducted
And if by doing this they also happen to write off some or all of their debts to HMRC and other creditors, can you live with that?
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31007_1580947500.jpg EVENTUALLY, WE'LL WIN SOMETHING, ,MAYBE, IF I'M STILL ALIVE THEN:d7dc4b20b2c2dd7b76ac6eac29d5604e_31007.jpg |
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| Quote: Fordy "And if by doing this they also happen to write off some or all of their debts to HMRC and other creditors, can you live with that?'"
From the sound of the statement, the creditors will be paid. Just not Khan. My comments were about the points deduction, however, not the treatment of creditors.
I am doing my best to be charitable, because it is so easy to be knee-jerk when the full facts may make the decision understandable. The problem for the RFL is that explaining their role will be hard and so leads to suspicion and cries of foul play. What's the saying, justice should not only be done but manifestly and undoubtedly be seen to be done.
I am prepared to accept favouritism too, but not leaping straight onto the foul play bandwagon just yet.
What I am more interested in is whether they have received greater assistance than we would have had, and whether they have been propped up rather than being told to cut their cloth.
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| Quote: Slugger McBatt "From the sound of the statement, the creditors will be paid. Just not Khan. My comments were about the points deduction, however, not the treatment of creditors.
I am doing my best to be charitable, because it is so easy to be knee-jerk when the full facts may make the decision understandable. The problem for the RFL is that explaining their role will be hard and so leads to suspicion and cries of foul play. What's the saying, justice should not only be done but manifestly and undoubtedly be seen to be done.
I am prepared to accept favouritism too, but not leaping straight onto the foul play bandwagon just yet.'"
'as the board of directors have stated their intentions to continue to work with creditors'
That doesn't say to me that they are planning to pay up in full, it smacks to me of token gesture language where a few important suppliers will get their money, the others can sing for it. If they pay up IN FULL then fine i can see reasoning for no punishment. Anything less then it should be down like a ton of bricks job.
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32602.jpg https://www.shop.helpforheroes.org.uk/:32602.jpg |
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| Richardsons want out
Richardsons can no longer fund the club
Richardsons want their money/investment back
New owners wont accept Richardsons terms
Administration ensues
New owner takes over
Creditors paid
6pt deduction becomes 4pts
Substitute Khan for Richardson,
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