this is the major concern to me.
If everything was agreed and under control, why the need to go to court?
I am not convinced at all, these people got us into it, therefore I am not confident they are going to be able to get us out.
to me there are too many gaps in the finance side of this club, money comes in and appears never to be seen again, which adds to the speculation about our administrators.
Rhumours appear, wether that is the sale of a player, debt or whatever, these are dispelled, denied or ignored and then bang, a player goes or were in schtuck!!!
I simply do not trust the honesty or compitency of these people anymore, and I am not on my own, clearly.

As I understand it, and I maybe wrong, image rite contracts can or should only be used in conjunction with offshore accounts and are normally only paid to overseas players.


HMRC think that this should be to a maximum of 15 to 20% of a players salary.

However it appears that some clubs have been paying as much as 50% to players on this way and not just overseas players.
Adeybull or any qualified tax expert are probably far better to qualify if this is correct.

Whatever happened here, we had the big launch then nothing as been heard since.
How much was raised ?
Did JK receive these funds ?

Nothing more as been mentioned to my knowledge, swept under the carpet once more.
So the possibility of getting to the truth on the HMRC debacle will be like watching XFiles.


[urlhttp://www.wakefieldwildcats.co.uk/shares-available-for-sale-i605609.html[/url

another good example!!

Maybe it's a ittle less sinister than that,i'd guess the shares thing went quiet because we didn't sell many.

The club didn't sell the full allocation, but they did sell quite a few.

All those who applied recieved their share certificates shortly after.

Not sure if there are plans to make any announcement - but I suppose the answer is that for those who invested, they will now be shareholders (if not already) and will be able to ask at the next agm.

Will we still have a club to support by the next agm??

Of course we will!

I always took no news as good news - but now i take as no news is club having the worst accountnat in the world.

It's not rocket science is it TRB. The success of your project SWAG worked because you communicated with the supporters.

Communication is all is asked for. Obviously there was a lack of it with Her Majesty's as well because that situarion does not happen overnight it takes many many months to get to those kind of proceedings and usually happens when all else fails.

Totally flawed argument. SWAG is a supporters group not a limited company with shareholders and employees. The two are totally different.

Of course SWAG communicate, that's basically all we are here to do. There are far greater consequences when the club say anything - surely you can see that.

No argument Vastman. The point was the Ltd Company obviously did not communicate with the relevant authority's to let it get to that position.
I just did'nt communicate it properly !!!

FWIW I completely agree - and always have. I have done my very best to try and get information out of the club (officially, rather than just as gossip) and I firmly believe that it is a key component to the club succesfully engaging with the wider public in Wakefield. I promise that I will continue with these aims - not because it keeps anyone happy in particular, but because I think it is the right thing to do!

it is they have to understand that we care as much if not more passionate about the club its what we hang on to,

I have faith that this will blow over but need reassurance that it won't happen again

Just when you think its all going well you end up with this, same old Wakey i'm afraid and sorry to say.

Still i'm up for a fight and the white flag won't be waving just yet.

You do know that link was from April 2009 don't you?

Sorry, you've probably discussed this on your board already - I honestly wouldn't know - but I don't think the date of the article in this case makes it any less relevent to the general point I was trying to make, does it?

So true.

Players don't count as assets, because they have no intrinsic value.

So what does this mean for you guys? Is it serious or just a miscalculation?

its about as serious as, oh i dont know the loss of the broccoli tree and light bulbs!

its not so move on................please?

I was not having a go, it was a genuine question about what it meant.
So thanks for your sensible answer.

To be honest mate i have no idea what this means for us. All we can do is speculate really. Obviously it's not good news but how bad? I have no idea. Time will tell i suppose

sory mate but this has being going on for 3 days!
nothing against your post, just getting bored.

it means phased payments over tax arrears, simple, and trust me phased with thte tax office could be years and years and years!

its a bit of a non story, thats all, but it filled a few columns in a paper!

What gets me, is that the Wildcats have had all that Super League money and yet still have debts and don't even have a decent stadium............and then expect the tax payers of WMDC to fund a new stadium...