FORUMS > Wakefield Trinity > Matthew Ellis Takeover |
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| Quote: Dunkirk Spirit "Reading this has made me feel sick. I’ve always stood by MC and JM, built this is true regarding the new stand, then I feel that I’ve been made a fool of. I’ve recently bought into the share scheme believing I was helping to finance the future of the club, this apparently underhanded business of the new stand is bordering on skulduggery, and if it turns out to be true, then I really will be re considering my loyalty to this club/management. I’m paying into the commit 6, and at this moment I’m convinced I should end my payments. Any money I pay regarding Trinity, I want it to go to Trinity, not some faceless Stadium Management set up. If the current management does not come clean on this issue in the very near future, then I will not be investing any more monies into the club, Gutted'"
Just hold that thought though Dunk.
I share your feelings but it just doesn't add up. Even if they wanted to rip off the club, they couldn't do it this way.
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| Quote: PopTart "Just hold that thought though Dunk.
I share your feelings but it just doesn't add up. Even if they wanted to rip off the club, they couldn't do it this way.'"
No I don’t think they could either.
The new stand surely belongs to the club not a couple of individuals?
All speculation so far from somebody who knows somebody….
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| Valuable assets are often separated from main company for protection purposes - no reason to have different owners though and if MC is stepping down absolutely no reason he would require ownership over the stadium. Hope it gets sorted and truth comes out soon enough
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| Quote: Scarlet Pimpernell "This is easily rectified, the current incumbents could just deny the story.'"
That seems like the most obvious solution.
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| What amazes me is, all these people who are on facebook, twitter, on here seemingly 24/7, when do they actually do any work?! I get on here on my breaks and at lunchtime, and occasionally on a weekend.......haven't people got anything better to do than live on social media???! Truly a lot of sad individuals who possibly need something else in their lives.......
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| Some people are passionate about their club Moggy - shouldn't be criticised
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| Quote: RWB "Some people are passionate about their club Moggy - shouldn't be criticised'"
We are a passionate lot, and this is potentially a very important thread to do with the short and long term future of the club.
For the record, I'm currently on my break.
I'll be honest, I usually leave myself logged in, via my phone. I know, I shouldn't
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| As regards people on this site I reckon quite a few are retired and have lots of spare time.Also if I forget to log off,(often),it appears that I'm on,when I'm not.
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| Quote: Wildmoggy "What amazes me is, all these people who are on facebook, twitter, on here seemingly 24/7, when do they actually do any work?! I get on here on my breaks and at lunchtime, and occasionally on a weekend.......haven't people got anything better to do than live on social media???! Truly a lot of sad individuals who possibly need something else in their lives.......'"
Maybe you just don't understand how they do it.
But as long as your life is fulfilled with your off line activities, why do you care?
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| A quick search on companies house shows that currently MC & JM are directors in one registered company only and that is "Spirit of 1873 LTD" no other company, so if there is a so called management company looking after the stand, its either listed as a charity or neither of these 2 guys are on the BOD of it.
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| Quote: financialtimes "A quick search on companies house shows that currently MC & JM are directors in one registered company only and that is "Spirit of 1873 LTD" no other company, so if there is a so called management company looking after the stand, its either listed as a charity or neither of these 2 guys are on the BOD of it.
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| Quote: MOPSEY LIVES ON "this is correct BUT the trustees of 1873 are, yes you guessed it jm and mc. This apparently was done to stop anyone doing what manny did to the club, however when and if the new owner buys the club as trustees they can charge a rent for which they are asking 200 grand a year to use the stand, add to that 200 grand a year repayment to the council, the directors loans which they are realy in no position to take and I'm also led to believe we took a massive covid loan which mc said we didn't. If the new owner pulls this deal then jm and mc are left to pay the bills and as I look at the current situation we're skint.'"
There are 4 trustees.
And they do not personally receive money if they charge the club rent.
There have been other trustees who resigned when they gave up their shares in WT.
I have no idea of the details, but it still sounds like someone causing mischief by twisting some pretty standard facts.
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| Quote: MOPSEY LIVES ON "this is correct BUT the trustees of 1873 are, yes you guessed it jm and mc. This apparently was done to stop anyone doing what manny did to the club, however when and if the new owner buys the club as trustees they can charge a rent for which they are asking 200 grand a year to use the stand, add to that 200 grand a year repayment to the council, the directors loans which they are realy in no position to take and I'm also led to believe we took a massive covid loan which mc said we didn't. If the new owner pulls this deal then jm and mc are left to pay the bills and as I look at the current situation we're skint.'"
Being a trustee is not the same as being a director, "Spirit of 1873" is the company that holds all the assets listed (and liabilities) at WF1 5EY,
You're making up a scenario for an agenda that doesn't exist, the only way that a separate company could demand what you're suggesting, is that if that company held the asset of the stand, which it doesn't. Trust me I'm no MC lover and he's probably the main reason I no longer attend games, sponsor players, purchase season tickets, contribute to commit 6 and play for the PDRL team or have anything to do with the club & community trust as a whole.
But there is some mischief going on here, there's a clear light at the end of the tunnel and some are wanting to throw boulders in the way.
The truth will out! as they say.
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| Quote: PopTart "There are 4 trustees.
And they do not personally receive money if they charge the club rent.
There have been other trustees who resigned when they gave up their shares in WT.
I have no idea of the details, but it still sounds like someone causing mischief by twisting some pretty standard facts.'" I'm telling you the truth if you do not believe thats your choice, I can't make you believe me but get ready if this deal.goes under cause things could get a whole lot worse
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Rank | Posts | Team |
Player Coach | 4130 | No Team Selected |
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| Quote: financialtimes "Being a trustee is not the same as being a director, "Spirit of 1873" is the company that holds all the assets listed (and liabilities) at WF1 5EY,
You're making up a scenario for an agenda that doesn't exist, the only way that a separate company could demand what you're suggesting, is that if that company held the asset of the stand, which it doesn't. Trust me I'm no MC lover and he's probably the main reason I no longer attend games, sponsor players, purchase season tickets, contribute to commit 6 and play for the PDRL team or have anything to do with the club & community trust as a whole.
But there is some mischief going on here, there's a clear light at the end of the tunnel and some are wanting to throw boulders in the way.
The truth will out! as they say.
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