FORUMS > Wakefield Trinity > Member Shareholders Meeting Tonight |
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| I’m stunned that there still seems to be a nefarious nature to some individual attitudes… based on opinion… opinions based on personal preference and agenda…
The phrase that ‘ the squeaky wheel gets the oil’ never seemed so true… to the point that ‘old time’ fans like me are now devoid of information about the club I love… because of keyboard crusaders with little acumen, emotional intelligence or viable resource to ‘make a difference’ … attacking, undermining and running interference!
Sadly I don’t think a new owner will silence these people… it will just change the nature of the attack!!!
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| Quote: FIL "Or, as JM said last week, due diligence is on-going and these things take time
Due diligence as in can I meet your parents please Matthew. If I was Ellis I’d have walked at that and told him to find the money to keep this club alive himself. Minnards needs to go now so that this club can move forward. Total clean slate needed and let Ellis run the club how he sees fit with the the people he wants to employ.
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| Quote: PopTart "No one seems to want go answer this question....'"
I don't think anyone is querying the need for due diligence, certainly I am not as we've been burnt before, however with the length of time past I feel we are beyond that now and are in the stages where one party is requesting something the other isn't willing to release (could be eitherway for all I know). The points yourself and AMI raised are all valid and can be answered promptly.
As for the business, to me it's a small one of circa 50 employees or so with a modest income. There has been enough time to pour over the financial aspects of it and time to discuss matters with the RFL.
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| Quote: Uptoncat "Due diligence as in can I meet your parents please Matthew. If I was Ellis I’d have walked at that and told him to find the money to keep this club alive himself. Minnards needs to go now so that this club can move forward. Total clean slate needed and let Ellis run the club how he sees fit with the the people he wants to employ.'"
I don't really understand why you think that is a bad question to ask?
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| Quote: Khlav Kalash "I don't think anyone is querying the need for due diligence, certainly I am not as we've been burnt before, however with the length of time past I feel we are beyond that now and are in the stages where one party is requesting something the other isn't willing to release (could be eitherway for all I know). The points yourself and AMI raised are all valid and can be answered promptly.
As for the business, to me it's a small one of circa 50 employees or so with a modest income. There has been enough time to pour over the financial aspects of it and time to discuss matters with the RFL.'"
So it would be good if Ellis answers the questions quickly, asks his questions quickly and then we move on.
But that isn't the case.
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| Quote: PopTart "I don't really understand why you think that is a bad question to ask?'"
Wow I have no words. This is a fully grown man who now runs his own successful business after taking over from his parents. Theirs is absolutely no need to meet his parents unless he’s thinking of taking him out for dinner! I’ll give you something, you’re loyal, either that, brainwashed or jus blinded by faith.
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| Quote: PopTart "I don't really understand why you think that is a bad question to ask?'"
Wow I have no words. This is a fully grown man who now runs his own successful business after taking over from his parents. Theirs is absolutely no need to meet his parents unless he’s thinking of taking him out for dinner! I’ll give you something, you’re loyal, either that, brainwashed or jus blinded by faith.
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| Quote: PopTart "So it would be good if Ellis answers the questions quickly, asks his questions quickly and then we move on.
But that isn't the case.'"
'Negotiation' is beyond answering standard questions about the business.
I have no axe to grind with either MC or JM, and the latter I find an affable guy who I feel has the best interests of the club at heart and has done a great job in getting the club to where we are off the field. On it has been a disaster but I see that side of the business as the CEO's.
As for asking to meet someone's parents, if true, it is pretty undermining to that individual.
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| It is on this forum somewhere but it was mentioned that Matthew Ellis' father was actually investing (or investing to some degree) so, asking to meet him is the absolute right thing to do. What's also to say that ME is holding things up to see what league we are in? Yes he has helped massively to try and keep us in SL, but if that fails, maybe he is less interested.
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| Quote: AMI "Lots of things that both parties would need assurances on…what are the new owners plans to protect the clubs foundation, academy set up, community work, how long are they committed for, why do they want to own the club, where’s the money coming from, who will actually own the club, what happens if we get relegated, who will run it day to day…what are their credentials(!!!!). Now you might say many of those points are nothing to do with the current board but if due diligence is being done properly and to ensure the long term future of the club then it’s right those should be answered. Also Mr Ellis would have lots of questions and evidence needed from the current board.'" exactly!
Nobody is doubting Matthew Ellis financial position. He’s got plenty.. however he also appears to be a busy lad , and will probably need to have someone helping with the running of the club..
this person needs to be a fit and proper person to be able to run a sports club..
I would of thought the RFL would also be able to sleep better at night knowing who this might be or who Mr Ellis has in mind…
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| Found it. Page 4 of the takeover thread - 'Alf is the real money man' (I presume, as I don't know), that he is Matthews father. So, again, if true, where huge sums of money are involved, he should be part of the DD.
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| Quote: Uptoncat "Wow I have no words. This is a fully grown man who now runs his own successful business after taking over from his parents. Theirs is absolutely no need to meet his parents unless he’s thinking of taking him out for dinner! I’ll give you something, you’re loyal, either that, brainwashed or jus blinded by faith.'"
So let me help you with your words.
Matthew Ellis doesn't run his own business. He runs a business owned by his parents.
The money to be invested is in that business not in Matt's pocket (though I'm sure he isn't poor). So the question was, can we meet the people with the money.....not can we meet your dad.
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| Quote: PopTart "So let me help you with your words.
Matthew Ellis doesn't run his own business. He runs a business owned by his parents.
The money to be invested is in that business not in Matt's pocket (though I'm sure he isn't poor). So the question was, can we meet the people with the money.....not can we meet your dad.'"
Meeting all investors is a very different and reasonable request.
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| Quote: PopTart "So let me help you with your words.
Matthew Ellis doesn't run his own business. He runs a business owned by his parents.
The money to be invested is in that business not in Matt's pocket (though I'm sure he isn't poor). So the question was, can we meet the people with the money.....not can we meet your dad.'"
There are 3 directors. Matthew is one of them. His parents are the other 2. Do you really think he’s just thought f$€k it I’ll go buy a rugby club without speaking to the other directors first? Without them getting a sniff of it? It’s delaying tactics and hanging on by Minards it’s as simple as that. He needs to go now and let things progress. I don’t believe that he says he’s waitning to see the business plan for the club either. The RFL have been conducting due diligence they would t even entertain it if he hadn’t submitted one they’d have told him to come back when he’s serious. Again more delaying tactics and the brainwashed are falling for it hanging on to every world JM says
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| Quote: PopTart "So let me help you with your words.
Matthew Ellis doesn't run his own business. He runs a business owned by his parents.
The money to be invested is in that business not in Matt's pocket (though I'm sure he isn't poor). So the question was, can we meet the people with the money.....not can we meet your dad.'"
If Matthew Ellis we're to walk away do you think these two have the finances to pay all the debt off they have created whilst making us competitive on the field and not rely on someone's cash injection.
I've been told the work with the rfl, the due diligence was finished weeks ago, was also told at the wigan game it was 2 more weeks which Carter was slightly disappointed with as he wanted it finished before he went away but I'm just a liar to you pop tart. Like it or not let's just say things are being made difficult at every turn and the goalposts being moved constantly. Just do the deal JM and go with your head held high knowing you have tried your best
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