Of course I agree with the on and off situation at Wakefield at the moment. I doubt many will disagree.

I still think TRB is getting to much stick (and not just from you) yes, I'm sure he is more than capable of sticking up for himself. Thats my opinion, not an us and you (them) situation.

If you don't like people having an opinion on your posts send a PM. Thats the only way you will get people to
'butt out'

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think you willbe keeping your bags on fella

Dont really see what ted having an IVA as got to do with wakey trin RLFC ... and to link players going is just crazy as the money never went into teds pocket it saved the concern (WTWC) money .. Yep it looks bad if you put the neg spin on it and of course some will as some will put a positive on it . but the plain fact off the matter is that ted Richardson is one man and by entering an IVA just might be the catalyst to actually save the club.

Think you need them to converse.

I've just had a word with the Head of our IVA team here and he says the following:

You can still be a director of a limited company and in an IVA. The only exception to this would be if the company's rules prevented this, but these could quickly and easily be changed with an Extraordinary General Meeting. Basically the person has 'ring fenced' his own finances from his businesses and set up a formal agreement to pay back over a fixed period. This means that his creditors cannot try to get payment from his company(ies).

As an outsider my first thoughts were that this guy has put everything, including his last penny, into your club to keep it where it is today and instead of lambasting him for it, you should be thanking him.

I'm sure there's a statistic somewhere that demonstrates that a disproportionate amount of entrepeneurs have been declared bankrupt (and are dyslexic!) at some time in their business lives - I guess it comes with the territory; business success depends on taking risks.

Furthermore, I can't imagine for a minute that for all his failings, Ted has been naive or daft enough to have WTW's finances tied up with his own; the club will no doubt be owned by a holding company or some other legal entity that limits liability. His IVA may bar him from being the Director of a company for a period of time, but that's easily got around and happens all the time.

So - whilst the timing of this leaked news does indeed serves to strengthen the perception that WTW is going down the pan, I'm not sure it really does mean that; the IVA could very well be a strategy that Ted and his advisors have entered into proactively, as TRB has alluded to.

I still believe that the club is run on a woefully amateurish basis, but this news doesn't make me feel any more depressed about the future than I already was; now it's out in the open though, I strongly agree that the club should issue a statement - perception is, after all, reality!

I dont think many would agree with that comment.

It may sound daft, but in some ways it's almost a relief. Now we know exactly where we stand, or almost. I agree that some comment from the club would be helpful.

It will appear later today I believe.

I don't think anyone would disagree with that.
The discussions should be more about how we get out of it and how we support the club (or not)

Is this related to the tax bill thing from earlier on in the year or is that a differant issue?

Completely different issue.

Can anyone pm me the 'other forum' link please

Ok, thanks.