Quote vastman="vastman"I think the club went into liquidation and a new club was formed. I could be wrong though. If I’m right he didn’t leave his money in the club as the club no longer existed. What he did was lose his money. Glover was a stakeholder not a creditor so the new set up owed him nothing.
Whether he lent the new club money then wrote it off I don’t know. I have vague memories of something like this.'"
The club wasn’t liquidated, that would be an insolvency event and the SL/RFL had stated that an insolvency event would relegate the club to League One. That’s why there was bitterness between Bradford and Wakefield as one was being threatened with a big stick while the other had the RFL doing everything they could to keep them in the SL.
I’ve stated on here a couple of times but here goes again, Brereton & Carter had around £200k each in the club and had we been liquidated or gone into Administration they, along with all the other Directors would have lost their money. Instead they took over the club in an effort to prevent their money being written off as part of an Administration. Nothing at all wrong with that but Trinity fans get all mushy over Carter because ‘he saved the club’ and he did but not for the reasons you all think he did. Had he had no money in the club he’d have walked away and let us sink, absolutely no doubt or room for argument on this, I have it from Chris Brereton directly that this was the case. As part of the deal for Carter and Brereton to take over, Andrew Glover wrote off over £700k and walked away.
So as I said earlier, Glover gets a bad wrap but he was genuine in his efforts albeit naive and misguided.
