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| Quote ="Starbug"What exactly makes you think you have the right to ask these questions ?
Have you financed the club to the tune of over a million pounds in the last 5 years ?'"
Could you stop being so acerbic? What exactly makes you think you have the right to be so rude to everyone who you don't quite see eye to eye with?
When Maurice suggested sums closer to £600 per year for three years, I felt like I'd want to know the answers to questions like these before agreeing to 'tip in' my own contribution. This seems to me to be a reasonable set of questions which, if answered might open the way to more significant contributions from other fans.
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| Quote ="waterfield's finest"Could you stop being so acerbic? What exactly makes you think you have the right to be so rude to everyone who you don't quite see eye to eye with?
When Maurice suggested sums closer to £600 per year for three years, I felt like I'd want to know the answers to questions like these before agreeing to 'tip in' my own contribution. This seems to me to be a reasonable set of questions which, if answered might open the way to more significant contributions from other fans.'"
So asking on a message board for personal financial details of somebody else isn't ' Rude ' ? , but I am for suggesting they don't have the right to ask those questions ?
Fair do's we can all wait for Mr Thomas to release all the information asked for by our ' new ' friend , then in a few years time we can set up a RL club again in the conference and see how long it takes to get into the pro ranks again
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| Quote ="Starbug"So asking on a message board for personal financial details of somebody else isn't ' Rude ' ? , but I am for suggesting they don't have the right to ask those questions ?
Fair do's we can all wait for Mr Thomas to release all the information asked for by our ' new ' friend , then in a few years time we can set up a RL club again in the conference and see how long it takes to get into the pro ranks again'"
Don't get involved starbug.
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| Quote ="Dick Jones"Problem you are asking it on the wrong place try
01942 487887
Thanks'"
Wo wo hang on Lynda. It's highly likely I'll be the one who asnwers the phone, and I only know the answer to question 7
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| I'm sure we'd all like to know the answers to those questions too, but unless we're in a position to actually do something about 'negative' answers to them, it's not really the fans concern.
If I had a million quid to throw at LCRLC, then I'd want those questions answering before writing the cheque. As I don't, I feel it's not my place to ask, but to wait and see if the answers are forthcoming. Personally I think Starbug hit the nail on the head here:
Quote What exactly makes you think you have the right to ask these questions ?
Have you financed the club to the tune of over a million pounds in the last 5 years ?'"
We're all passionate about the club, but that does not give us the right to ask where the money is coming from - I'm sure that those who are paying the way will ask the questions anyway, and if they don't like the answers then they will act appropriately one way or the other.
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| Thanks to those that have taken the time to reply with a bit of info.
I've now found out the current directors and shareholders.
I note evryone else's comments - I think it pretty much answers all to say that I have the best interests of the club at heart.
Quick answers to some of the posts:
1. I'm going to contact Trevor/club
2. If Arthur Thomas put the loans in personally then fine - my worry, I've not seen or heard this, is that he may have put the loans in to the club from the company - these loans may be payable on demand/may not.
If the liquidator appointed to the comany(ies) calls in them loans then how much are they? That could potentially put the club under (insolvent)
Do I have the right to ask the question? Do I have the right of an answer? Well I wouldn't put a penny in before I knew.
3. I presume the issue is money going forward - I'd basically hate for people to put money into the club, be it £500 or £50,000, then the club go into administration/liquidation
again - i've note heard anything saying that they will etc - but from what info that has been released - it's serious
we've seen examples of many sports clubs recently having a winding up petition entered against them by hmrc - therefore i asked if any money was outstanding to them
4. If the club is in such a mess - and with the SL rules being altered - it may be best that it went into admin/liquid? This could allow any historic debts to be wiped out and for a purchaser/fans to take the club on "with the slate clean" through a new co - that could have the purchaser/fan structure
It may not be the best option - but if the lease that the club has signed with the LSV is so onerous then maybe it would be better to be able to re-negotiate?
I would be willing to put money in. I wouldn't be a 'white knight' but could contribute for the next couple of years both financially and practically.
As I said before I put money in I'd want the answer to my questions and the ones that others have posted.
Did I think I'd get all of the answers on here - no but thought it may prompt the club to release info as the club appears to have responded to ideas/suggestions on here before. Also want to raise the issues with people - not to be negative but to highlight that we, the fans, need to know what the hell is going on
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| Quote ="Scooter Nik"I'm sure we'd all like to know the answers to those questions too, but unless we're in a position to actually do something about 'negative' answers to them, it's not really the fans concern.
If I had a million quid to throw at LCRLC, then I'd want those questions answering before writing the cheque. As I don't, I feel it's not my place to ask, but to wait and see if the answers are forthcoming. Personally I think Starbug hit the nail on the head here:
We're all passionate about the club, but that does not give us the right to ask where the money is coming from - I'm sure that those who are paying the way will ask the questions anyway, and if they don't like the answers then they will act appropriately one way or the other.'"
The person posting the questions knows that as well Nik , so the only reason for asking is to attempt to put doubt in other peoples minds , those that might be considering helping the club by joining LISA , as you suggest , any serious investors will ask those questions , and as long as they can prove they are able to back up their interest , I'm sure they will get the answers they seek
Posts like that are blatant attempts to sabotage genuine plans to help the club
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| MJC... the question remains unanswered that if you like the answers, are you going to invest a huge amount of money in the club? If so, then I hope you get answers you like.
If not, then it's not really your concern is it?
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| Quote ="Starbug"The person posting the questions knows that as well Nik , so the only reason for asking is to attempt to put doubt in other peoples minds , those that might be considering helping the club by joining LISA , as you suggest , any serious investors will ask those questions , and as long as they can prove they are able to back up their interest , I'm sure they will get the answers they seek
Posts like that are blatant attempts to sabotage genuine plans to help the club'"
Surely you're not suggesting s/he could be a troll?
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| I think there is 1 VERY important point you make. Did AT put the money in via inter company loans (it would make sense, otherwise he would have had to pay personal income tax then put the money in from his own money)? If this is the case I would think that creditors who are owed money from his folded company could call in the loans to the club, which would be very serious indeed.
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| I entirely agree, but unless the club wants to be forthcoming on the subject then there isn't much point in speculating, is there?
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| Right I might regret this one , but I was told , his investement in Leigh Centurions was personal , not via his company , This was not a rumour , I have no reason not to believe who told me
That is all I will say , as that it the main concern that might put people off contributing
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| Starbug - you couldn't be further from the truth - like all, want the club to survive
SN - see my post could put some in but it would proably equate to less than AT put in in a week. Yes it's my concern as i dont want the club to go under
Starbug - i hope you are correct on that and am relieved you've said it
I suppose my questions then (last ones), which i'll ask Trevor but which people may well know:
1. how much do we need to raise?
2. By when?
3. Do we talk about a plan B?
I'll be there sunday and encouraging others to attend
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| MJC - thanks for reappearing after the original post. From the little I have seen you seem to have a genuine interest in helping the club which is great. Welcome on board its going to be a crazy ride!
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| Quote ="MJC"
SN - see my post could put some in but it would proably equate to less than AT put in in a week. Yes it's my concern as i dont want the club to go under
Starbug - i hope you are correct on that and am relieved you've said it
I'll be there sunday and encouraging others to attend'"
The point being you were never going to get the answers you posted , on here , all you were going to do is put doubt in the minds of people who we need to help the club RIGHT NOW , if you really did want answers to those questions all you had to do was ring the club and ask to speak to either Keith Freer,Phil Coffey or Trevor Barton
If you are reasonably intelligent , genuine concerned fan , that is what you would have done , if you want to help further you are welcome to help us encourage fans to sign up for LISA , as contributions to that will not be abused as they will be only given to the club in stages as required , therefore that money cannot be abused
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| Quote ="Starbug"The point being you were never going to get the answers you posted , on here , all you were going to do is put doubt in the minds of people who we need to help the club RIGHT NOW , if you really did want answers to those questions all you had to do was ring the club and ask to speak to either Keith Freer,Phil Coffey or Trevor Barton
If you are reasonably intelligent , genuine concerned fan , that is what you would have done , if you want to help further you are welcome to help us encourage fans to sign up for LISA , as contributions to that will not be abused as they will be only given to the club in stages as required , therefore that money cannot be abused'"
Are you suggesting other monies have been abused mate
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| No they havent
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| With the idea of fans shareholdings keeping on coming up, my only problem with this would be that in my eyes it would seem that every member of the shareholdings would need fairly deep pockets and please correct me if wrong but the shareholdings would be acting as another director if they were pumping money into the club? I just don't think it's logical because unless I'm thinking wrong each of the members would need substantial money to make it worthwhile.
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| Shareholders would only be at risk for their original investment, nothing more. Directors run the club on behalf of the shareholders and may be the shareholders themselves or some of them.
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| Quote ="THE EXPERT"Are you suggesting other monies have been abused mate'"
What other monies are you on about.?
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| Just a word of caution from a cougars fan I really hope you get a quick resolution to the current problems but going into administration is not just the end of the debt.
Players will become free agents as far as I know.
Once a club enters administration the club will be put into special measures by the rfl which amongst other things means you will not be able to get new players without their agreement.
Also if the problem concerns tax/paye/ni elements there are very strict payment timetables involved.
The rfl can vary the time in special measures dependent on compliance from the club.
What is essential is I hope your board of directors is more transparent than our previous lot. Current directors are doing a great job and keeping fans up to date as much as possible.
As I say I wish you all the best but there are pitfalls involved in administration.
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| Quote ="spymaster"Just a word of caution from a cougars fan I really hope you get a quick resolution to the current problems but going into administration is not just the end of the debt.
Once a club enters administration the club will be put into special measures by the rfl which amongst other things means you will not be able to get new players without their agreement.
Also if the problem concerns tax/paye/ni elements there are very strict payment timetables involved.
What is essential is I hope your board of directors is more transparent than our previous lot. Current directors are doing a great job and keeping fans up to date as much as possible.
As I say I wish you all the best but there are pitfalls involved in administration.'"
Thanks for that , but we aren't essentially in any financial trouble , yet , we are debt free but have commitments that need to be met in the near future , that is our problem
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| Quote ="spymaster"Just a word of caution from a cougars fan I really hope you get a quick resolution to the current problems but going into administration is not just the end of the debt.
As I say I wish you all the best but there are pitfalls involved in administration.'"
Sincerely thanks for your concern and best wishes...
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| After Keighley had similar problems, I think this poster was just showing concern, he s not a troll
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