www.sportinglife.com/rugbyleague ... field.html Does anyone actually know why the need £500,000 before the end of January?

www.sportinglife.com/rugbyleague ... field.html Does anyone actually know why the need £500,000 before the end of January?

i'll get ready for the zero real answers you can offer.

looks like a second club going to the wall this closed season... and one I have followed for over 40 years...

Keep the bench warm Blackpool wee will be there with you soon (sigh)

i am sure wakey fans in the know can answer this question.

If there are outstanding loans made to the club by directors will these be repayed out of the £500K?

Irrelevant question cos there is no chance of them raising that figure and certainly not if it was to pay off Directors loans. Their the buffoons whove got the club in this mess and and most of the previous ones before

?

The evidence is there for all to see mate. Here are a few examples :

1) The CVA the club entered into because they failed to do due diligence on John Pearman and started signing the likes of Goudling, McNamara etc based on some false claim he had a load of land worth millions as security. Jeez, we even got fined 5 grand for an illegal approach to Jason Robinson !!!

2) Abandoning the plans for our own stadium to go along with the pipe dream that was Thornes Park

3) The simple failure to be able to produce a business plan that remotely matches income with expenditure, even though they have had plenty of warnings with unpaid tax bills and the like.

4) Putting all our eggs in the newmarket basket and not having a finalised plan B that could be announced if and when the planning application got called in.

5) Relying on a payment of GBP 350k that was conditional on the planning application for newmarket not going to PI

Bottom line is there will be amateur clubs run more professionally then we are.

To clarify, my reference to previous ones, was with regard to the previous messes the current BOD (or at least the main people on it) have got us into.

, which would you have prefered ? , an honest answer please

We have never spent the full cap or anything near it, even when we have had our better players like Solomona, Ellis, Domic, Brough etc.. We have probably paid over the odds for a number of other overseas players who offered very little and that money could have been used on players from the lower leagues as we did successfully with Moore, Bibey, Grix and Wilkes.

Other than the Pearman fiasco our money problems have been in the seasons where we had a franchise, so relegation wasn't an issue to be concerned about.

My honest answer is I would prefer the club to be run by people who have a clue what their doing and not expect the likes of me to stump up a grand to keep the club in business cos they've ballsed up again.

And where would you find these people and what qualifications would you suggest they have ?

No absolutely not!

So who's fault is that ?

We would not have to look far to find people better qualified than what we currently have. Answer me this question, what other heartlands SL club are constantly in the media for all the wrong reasons?

If this money isn't going towards repaying directors loans then what will it be used for ?.

That's a subjective one. The club possibly for failing to take advantage of our successful seasons and kick on. The people of Wakey for their apathy towards the club?

The original point I was making was it wasn't like we had racked up the debt paying wages to the full cap and that when you have limited funds, you have to be prudent with how you use them.

Like who ?

And what qualifications ?

Wrong reasons ? , all your wrong reasons come down to one thing ?

Take advantage , How ?

Surely the fact you are still IN sl and have been ever since you got IN would suggest you have been ' prudent ' with your limited funds , so who has been prudent with limited funds and managed to keep you IN SL ?

For a start, somebody who was successful in business and understood the basics of running a company. We could spend all night going round in circles about who. I am not too big on academic qualifications (as common sense tends to be something you don't sit an exam for) so other than for the financial aspects (where Accountancy qualifications would be required), I would expect the marketing director for example to have a proven track record in their field (ie evidence they can sell sponsorship packages etc...). I would also not expect to have three people seeming to have separate roles that could be combined and done by 1.

The wrong reasons are down to bad decisions made by the management on a reoccurring basis. Nobody is perfect and you can forgive the odd mistake, but to make mistakes over and over again is unforgiveable.

By marketing the club effectively when we had some element of success

We have clearly overspent in a number of those seasons and in two of those, we had a franchise so relegation was not an issue.

4) Putting all our eggs in the newmarket basket and not having a finalised plan B that could be announced if and when the planning application got called in.
=#BF0000Not being able to announce the details of plan B is not down to it being unfinalised, it's purely a matter of a confidentiality agreement between parties which allows the other party to clear the way before the announcement

Clan,

My point is that this was a critical piece of information that to limit the damage of the PI needed to be able to be announced if and when the SoS decision was known. The requisite agreement to do so should have therefore been finalised and agreed with the other party

Not being rich enough and daft enough to please you , I dont mean this in an insulting way , would you be happy for them to bancrupt themselves and their families for the sake of realising your dreams for your club ?

Would you do the same ?

That costs money , lots of it , money the club doesn't have , and like lots of marketing , there are no guaranteed results , how well could they have marketed the club in NL 1 ?

You do make some valid points above and I suppose as a Wakey fan it is easy to lose some perspective on these matters.

In no way am I saying that I expect them to pour money into the club to their detriment and that of their families. What I am saying is, live within your means. If that means be a non-SL club for a number of years than do it. Don't put the whole future of the club at risk for a few seasons of relative success at the top table.

Thanks.

i am not knit picking here. Are you saying there are no outstanding loans of directors to the club (which would be unusual in these circumstances) or that there are outstanding loans but Ted and the bod have stated that they will not expect them to be repayed.