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Rank | Posts | Team |
Player Coach | 371 | No Team Selected |
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Jun 2008 | 17 years | |
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| Quote ="craigizzard"It's like a t-shirt business going into administration, and the administrators selling off the printing machinery to rival manufacturers and paying some money to the creditors (minus substantial administration costs, of course). After which the business can't make any t-shirts.'"
But wakefield don't just have one asset, they have several (i.e. 20-odd players), which individually aren't integral to the running of the business
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International Chairman | 31082 | No Team Selected |
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Mar 2002 | 23 years | |
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| Same thing happened to Fax when they went down.
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Player Coach | 13190 | No Team Selected |
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Mar 2007 | 18 years | |
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Feb 2020 | Oct 2019 | LINK |
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| Quote ="Andy Gilder"The administrators have no duty towards the failed business, the supporters or the potential buyers. Their duty is towards raising funds to pay the creditors. In this case, the business has a number of saleable assets (namely the players) that can be sold. In any other business it would be things like freehold property or plant and machinery for example.
If you buy a business coming out of administration you can't realistically expect it to emerge with the same assets it went into administration with.'"
The players could have said 'no'
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Rank | Posts | Team |
International Board Member | 11377 | No Team Selected |
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Sep 2002 | 22 years | |
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Jan 2025 | Aug 2024 | LINK |
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| Quote ="rover49"The players could have said 'no''"
Why would someone like Dale Ferguson turn down going to Hudds and stay at Wakey? I know where I'd rather be!
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Player Coach | 2925 | No Team Selected |
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Oct 2005 | 19 years | |
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Apr 2011 | Apr 2011 | LINK |
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| Aaron Murphy has, he's wanting to stay loyal to us
anyone who wants to go then just go, all i want is 17 that want to pull on the famous Red, White and Blue and go down fighting, that will do for me
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International Chairman | 4799 | No Team Selected |
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Mar 2002 | 23 years | |
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Jun 2021 | Apr 2019 | LINK |
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| Having been through some pretty grim times with London in all its guises, I've nothing but sympathy for the Wakey supporters - I don't have to imagine what they're going through, I know. To my ignorant mind the actions of the administrators seems a little odd - what's to stop the new potential owners deciding that too many assets have been stripped from the club so they're not interested any longer?
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International Chairman | 14970 | No Team Selected |
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Jun 2002 | 23 years | |
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| Quote ="The Chronicler of Chiswic"Having been through some pretty grim times with London in all its guises, I've nothing but sympathy for the Wakey supporters - I don't have to imagine what they're going through, I know. To my ignorant mind the actions of the administrators seems a little odd - what's to stop the new potential owners deciding that too many assets have been stripped from the club so they're not interested any longer?'"
If they do think that then they aren't the right people to take over at Wakefield. 2 players have left the club, presumably for transfer fees. 2 players who, if the rumours are correct about contracts being valid for SL only, could (probably) leave for free at the end of the season anyway.
The new owners need to be in it for the long haul at Wakefield, which will probably involve 6 or 9 years in the Championship.
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Rank | Posts | Team |
Club Coach | 9550 | No Team Selected |
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Feb 2005 | 20 years | |
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Feb 2025 | Feb 2025 | LINK |
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| Quote ="Code13"Same thing happened to Fax when they went down.'"
Did it? I dont think we went in to administration when we went down. Also im worried for Wakey as with Fax it was a good 10 or so games in to the season before players started leaving, obviously most had gone before the start of the season but the team that was on the field to start with was at least competitive for a few weeks.
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Rank | Posts | Team |
Player Coach | 2925 | No Team Selected |
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Oct 2005 | 19 years | |
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Apr 2011 | Apr 2011 | LINK |
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| Millard gone, confirmed
we aint gonna have anyone left by the weekend ![Sad icon_sad.gif](//www.rlfans.com/images/smilies//icon_sad.gif)
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Rank | Posts | Team |
International Board Member | 2448 | No Team Selected |
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Nov 2002 | 22 years | |
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Dec 2020 | Sep 2020 | LINK |
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| Quote ="kentcat"Millard gone, confirmed
we aint gonna have anyone left by the weekend
'"
Given the RFL have promised help - will they offer Big Nige at prop?
Alternatively, it might be more help financially if he came and bought every pie in the stadium on every match day.
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Rank | Posts | Team |
Player Coach | 2786 | No Team Selected |
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Mar 2010 | 15 years | |
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May 2013 | May 2013 | LINK |
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| Quote ="Chuck Bartowski"Depressing being a Wakefield fan at the moment'"
I feel really sorry for you guys at the moment.
I would hate anything like this to happen to my club.
I hope you can pull through this and come back even stronger.
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Club Coach | 20992 | No Team Selected |
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Mar 2005 | 20 years | |
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Nov 2016 | Oct 2016 | LINK |
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| Quote ="hullkrforever"so whats wrong with hull promoting a youth player into there squad instead of signing an aussie i thought there youth development was the best in super league as we all hear every time we sign someone
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We have in Williams who will benefit rom 1st team training...Nicklas would have got some game time but is out for the season with a Cruciate injry and still big doubts over Hornes and Longs fitness......we had to do something.
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Player Coach | 477 | No Team Selected |
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May 2009 | 16 years | |
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Sep 2014 | Sep 2014 | LINK |
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| Quote ="Wadski"...........................To some it will look like the RL community is asset stripping Wakefield, but I wonder if this is more the request of the new owner to allow them to reduce the salary overhead to a more manageable level?'"
"In the UK, an administration order is a process designed to protect limited companies from their creditors while a debt restructuring plan is carried out and presented to creditors and courts".
The "new owners" will become the new owners when the club comes out of "administration" As per above.
Until such time, the administrators will do what they regard as best for the running of the club/company acting in the best interest of the creditors.
As an example Scottish League Club [url=http://news.bbc.co.uk/sport1/hi/football/teams/d/dundee/9390813.stmDundee FC[/url seemed to have staved off liquidation by offering and having a majority of creditors agree to 6p in the £ in what is due to them to make that happen. The administartor also sold a player for £150k in January transfer window.
Wakefield find themselves in the place they are today because of poor off field managment and decison making that took place.
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Rank | Posts | Team |
International Board Member | 6734 | No Team Selected |
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Jan 2003 | 22 years | |
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Jul 2021 | Jun 2021 | LINK |
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| Quote ="The Lambeth Quin""In the UK, an administration order is a process designed to protect limited companies from their creditors while a debt restructuring plan is carried out and presented to creditors and courts".
The "new owners" will become the new owners when the club comes out of "administration" As per above.
Until such time, the administrators will do what they regard as best for the running of the club/company acting in the best interest of the creditors.
As an example Scottish League Club [url=http://news.bbc.co.uk/sport1/hi/football/teams/d/dundee/9390813.stmDundee FC[/url seemed to have staved off liquidation by offering and having a majority of creditors agree to 6p in the £ in what is due to them to make that happen. The administartor also sold a player for £150k in January transfer window.
Wakefield find themselves in the place they are today because of poor off field managment and decison making that took place.'"
correct. the administrators have no loyalty to the club or any real desire the help them win games in the short term. their aim is to run the club as they see best, if this means selling players to raise cash to pay off creditors then they will do so.
the worrying thing for wakey is that the longer it takes for a takeover to go through the more likely it is their best players will be sold - even if the likes of murphy don't want to go, if he makes the club money he will be sold
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Rank | Posts | Team |
Player Coach | 1103 | No Team Selected |
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Apr 2006 | 19 years | |
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Aug 2018 | Jul 2017 | LINK |
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| Quote ="the artist"correct. the administrators have no loyalty to the club or any real desire the help them win games in the short term. their aim is to run the club as they see best, if this means selling players to raise cash to pay off creditors then they will do so.
the worrying thing for wakey is that the longer it takes for a takeover to go through the more likely it is their best players will be sold - even if the likes of murphy don't want to go, if he makes the club money he will be sold'"
true but a lot depends on the atttitude of the administrator, his objective is to get the best deal for the creditors. if he thinks keeping the assets of the company together will attract a better offer for the business then he has the option of doing this in the short term.
Something smells bad about this to me, perhaps if there had still been a couple of interested parties looking to buy things may have been different, but these people are not liquidators they are supposed to be salvaging the business, running it into the ground by selling the best players seems a strange way of going about it.
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Rank | Posts | Team |
Club Owner | 14082 | No Team Selected |
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Apr 2004 | 21 years | |
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Feb 2017 | Feb 2017 | LINK |
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| Really feel for you guys, we've been there and it aint nice!
Fortuntely we had some top guys as administrators and they refused to destroy the club by selling it to shonky Wilby/Lloyd and helped us come out the other side relatively intact.
Best of luck, hopefully this is just a difficult step on the long and illustrious journey of one of RL's famous clubs.
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Rank | Posts | Team |
Player Coach | 9043 | No Team Selected |
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Aug 2008 | 16 years | |
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Jul 2023 | Jul 2023 | LINK |
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| We'll have the cheerleaders
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Player Coach | 1632 | No Team Selected |
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Feb 2009 | 16 years | |
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Oct 2012 | Mar 2012 | LINK |
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| Quote ="MrPhilb"We'll have the cheerleaders'"
Really!?
Flipping heck, folk from east Hull really are weird!
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Player Coach | 3813 | No Team Selected |
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Jun 2008 | 17 years | |
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Quote ="Chorlton RL"Really!?
Flipping heck, folk from east Hull really are weird!'"
I don't know about that.
If we can put in individal bids, I'll take the second and third left. And I'd pay more for them than for Sam Obst.
www.thesun.co.uk/sol/homepage/fe ... aders.html
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Quote ="Chorlton RL"Really!?
Flipping heck, folk from east Hull really are weird!'"
I don't know about that.
If we can put in individal bids, I'll take the second and third left. And I'd pay more for them than for Sam Obst.
www.thesun.co.uk/sol/homepage/fe ... aders.html
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Rank | Posts | Team |
Moderator | 12488 | No Team Selected |
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May 2007 | 18 years | |
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Oct 2023 | Mar 2023 | LINK |
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I would be happy with whoever was left after all the others had been picked.
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I would be happy with whoever was left after all the others had been picked.
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International Chairman | 31082 | No Team Selected |
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Mar 2002 | 23 years | |
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| I had a huge ammount of sympathy for Wakey and their fans.
Then I read their forum.
Fsk em.
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International Board Member | 5223 | No Team Selected |
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Oct 2002 | 22 years | |
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May 2017 | Mar 2015 | LINK |
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www.yorkshireeveningpost.co.uk/s ... _1_3083741
Makes very grim reading.
Quote But yesterday O’Hara said Glover had not attended a scheduled meeting on Monday afternoon and the sale was still up in the air.
O’Hara said he is now planning talks with the RFL to discuss “plan B” in case a take-over does not go ahead.
“The RFL have said they would fund me for a minimum of 28 days if a purchaser is not found,” he said.
“I will be talking to them to see how that would be funded.”'"
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www.yorkshireeveningpost.co.uk/s ... _1_3083741
Makes very grim reading.
Quote But yesterday O’Hara said Glover had not attended a scheduled meeting on Monday afternoon and the sale was still up in the air.
O’Hara said he is now planning talks with the RFL to discuss “plan B” in case a take-over does not go ahead.
“The RFL have said they would fund me for a minimum of 28 days if a purchaser is not found,” he said.
“I will be talking to them to see how that would be funded.”'"
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Club Owner | 7665 | No Team Selected |
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Oct 2003 | 21 years | |
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Feb 2025 | Jun 2024 | LINK |
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| Quote ="Code13"
Fsk em.'"
Very nice!
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Moderator | 12488 | No Team Selected |
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May 2007 | 18 years | |
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| It would seem that wakey should stop worrying about Vultures and deal with the tapeworm INSIDE THEM that is sucking them dry.
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International Chairman | 31082 | No Team Selected |
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Mar 2002 | 23 years | |
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| Quote ="The Clan"Very nice!'"
Like I said, I had every sympathy in the world. Then I read your forum.
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