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| Quote ="Starbug"The share scheme isn't about ' shrewd investement ' it's about ' blind faith ' , and everybody has to make their own decision on that'"
It is about neither of those. It is about informed faith.
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Club Owner | 33944 | No Team Selected |
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| Quote ="J.T"It is about neither of those. It is about informed faith.'"
I am not trolling here , and as you can see I have probably defended your BOD on here more than anybody , unless you actually have access to the financial records of the club , there is an element of trust and risk involved , that is a decision for all to make
All the best
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| Quote ="Starbug"I am not trolling here , and as you can see I have probably defended your BOD on here more than anybody , unless you actually have access to the financial records of the club , there is an element of trust and risk involved , that is a decision for all to make
All the best'"
I would not be putting money in unless I did have access to those records or at least someone who I trusted had and was happy that the 500k was not just a stop gap on the road to oblivion.
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Club Owner | 33944 | No Team Selected |
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| Quote ="J.T"I would not be putting money in unless I did have access to those records or at least someone who I trusted had and was happy that the 500k was not just a stop gap on the road to oblivion.'"
" Who I trusted " , as I said an element of trust and risk , but I get the feeling you are the type of fan Mr. Richardson is banking on
A true Wakefield Trinity fan
All the best
I'm off out for a beer in enemy territory tonight ( w1g4n ) , so
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Player Coach | 829 | No Team Selected |
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| I could put a grand in. But why would I do this if the people wanting the grand aren't prepared to say why they need it until I've given it to them and a 3rd party want to have a meeting where they will give their understanding of the situation re the people who want the grand.
You could not make this stuff up.
Were in big trouble and I fear the worst. I think a ST is a good thing but the club has to come down a peg or two to enable a ST to have any power. Eg Wimbledon and fc united, who are the most famous, were not started at the top (polar opposite in fact).
If this happens, im in provided the plans good. As we stand now: no.
If teds going to give over his shares when they have 500k then why not now without 500k? Give = Gift except when Give = 500k in company bank account.
Something smells and I can suspect many smell it.
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| i am also prepared to put the money in but also concerned that if newmarket doesn't come off then i am at a loss of £1k.. i wish that there was something more spcific as th what the money is exactly to be used for and the exact benefits i get.
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| Quote ="tamargrace"i am also prepared to put the money in but also concerned that if newmarket doesn't come off then i am at a loss of £1k.. i wish that there was something more spcific as th what the money is exactly to be used for and the exact benefits i get.'"
TBF you will lose £1k come what may, you will never get a return.
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| Quote ="Starbug"I am not trolling here , and as you can see I have probably defended your BOD on here more than anybody , unless you actually have access to the financial records of the club , there is an element of trust and risk involved , that is a decision for all to make
All the best'"
Dont see much of this (trust and risk) in the Wakefield Dictionary we bimble from crisis to crisis and then on average every 3 years or so up the BOD pop for an injection of cash, not once has a serious investor joined the board. Every season there is some issue be it with selling players players falling out etc etc, To be honest I feel like I have fallen out of love with the club and couldn't really care less at the moment.
I haven't gone today as a fan who goes most places other than France and Cardiff etc on principle I feel very uninspired at the moment.
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| Quote ="REDWHITEANDBLUE"Dont see much of this (trust and risk) in the Wakefield Dictionary we bimble from crisis to crisis and then on average every 3 years or so up the BOD pop for an injection of cash, not once has a serious investor joined the board. Every season there is some issue be it with selling players players falling out etc etc, To be honest I feel like I have fallen out of love with the club and couldn't really care less at the moment.
I haven't gone today as a fan who goes most places other than France and Cardiff etc on principle I feel very uninspired at the moment.'"
Head in gas oven time, but i know how you feel. kicks the ?hit out of you mate
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| Any news on how the donations are going so far? I contacted the club and they said the would get back to me..... still nothing yet.. Makes me feel uneasy... a grand is a lot to me and i had a couple of people willing to help (Business owners in Australia)
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| Quote ="tamargrace"i am also prepared to put the money in but also concerned that if newmarket doesn't come off then i am at a loss of £1k.. i wish that there was something more spcific as th what the money is exactly to be used for and the exact benefits i get.'"
You will NOT getting any financial return, the shares will have a nominal value say 10p. The benefit you will get is that it well help get the club out of the financial mess it has got itself into. I am not sure who has first call on the money raised, is it Rodney Walker (to pay off the tax loan) Ted Richardson (for his shares/loans to the club) or the club itself.
This exercise will probably be needed again soon, the way we are losing money.
It is not an investment, it is a gift. One which sadly i refuse to give. I simply do not trust them with my money and have no faith in them what so ever.
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| Quote ="nicksapheno"Any news on how the donations are going so far? I contacted the club and they said the would get back to me..... still nothing yet.. Makes me feel uneasy... a grand is a lot to me and i had a couple of people willing to help (Business owners in Australia)'"
According to Ted in League Express we had had 14 people put in their money so far.
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| Seems a lot of your fans are worried they may lose their £1000 for nothing if the club don't get the full 500. Would it not be better to try to get 500 "pledges" and if that fails nobody loses and would maybe tempt more fans to "pledge"?? Hope all goes well, would hate to see you disappear!
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| Quote ="unknownlegend"Seems a lot of your fans are worried they may lose their £1000 for nothing if the club don't get the full 500. Would it not be better to try to get 500 "pledges" and if that fails nobody loses and would maybe tempt more fans to "pledge"?? Hope all goes well, would hate to see you disappear!
'"
TBF i think everyone should be pretty clear now, if the moneys not raised it will be returned/
its the rest of the unanswered questions and the overall distrust of the club to competently deal with anything thats financial, that is dissuading people!
roll on tuesday!!!!
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| i know that i won't get my money back but is there anything like %age discounts or reduced price tickets? or is it just a gift to the club? i intended to do it in my 2 kids names but most of what i have read is only applicable to single donations.
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| The share issue is going to fail, the numbers suggest that, and I am coming round to the view that it would be the best thing. The share issue is intended to save the current limited company. I am not convinced that the failure will cost the club, however, because it would be possible for another limited company to be formed to buy the club out of administration, paying a fraction of the debt and starting on a much sounder footing.
Onwards and upwards.
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| Quote ="Slugger McBatt"The share issue is going to fail, the numbers suggest that, and I am coming round to the view that it would be the best thing. The share issue is intended to save the current limited company. I am not convinced that the failure will cost the club, however, because it would be possible for another limited company to be formed to buy the club out of administration, paying a fraction of the debt and starting on a much sounder footing.
Onwards and upwards.'"
My feelings too.
In the League Express it states that the current owners of the Crusaders paid just £16k for the club.
They had owed the RFL £700k, HMRC £440k and the pension fund £425k.
There figures alone show how liberating administration could be if the club comes out lie other end.
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| Would that mean the previous potential investors would re-appear if that was the case or are they totally gone?
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| Quote ="LG"Would that mean the previous potential investors would re-appear if that was the case or are they totally gone?'"
Could do, although it depends whether they were only interested in a SL team or not. Trinity will be demoted if they go into admin.
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| Quote ="Khlav Kalash"My feelings too.
In the League Express it states that the current owners of the Crusaders paid just £16k for the club.
They had owed the RFL £700k, HMRC £440k and the pension fund £425k.
There figures alone show how liberating administration could be if the club comes out lie other end.'"
Except for the people who lose money as a result?
Like happened last time - do I not recall the man-and-wife catering contractor losing £11k: a very big sum for a very small business, screwed as a result? As an example?
Clubs going into administration, getting rid of much of their debt and starting again get a huge huge unfair advantage over those who have sought to live within their means. That was why I so detest what happened with Harlequins, and the same with Crusaders.
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| Quote ="Khlav Kalash"Could do, although it depends whether they were only interested in a SL team or not.[u Trinity will be demoted if they go into admin[/u.'"
Yep they will and we've given the RFL the excuse they need to dump someone and replace them with Widnes, of course they could have dumped Crusaders but we all knew that would not happen.
Still we have to face that and move on.
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| Quote ="LG"Would that mean the previous potential investors would re-appear if that was the case or are they totally gone?'" if the franchise was there they would be fighting over the club,
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| Quote ="Adeybull"Except for the people who lose money as a result?
Like happened last time - do I not recall the man-and-wife catering contractor losing £11k: a very big sum for a very small business, screwed as a result? As an example?
Clubs going into administration, getting rid of much of their debt and starting again get a huge huge unfair advantage over those who have sought to live within their means. That was why I so detest what happened with Harlequins, and the same with Crusaders.'"
I wouldn't disagree, however HMRC have forced the issue and there isn't any other option. There just isn't the money, and with the image rights lurking round the corner a whole host of clubs may have no other option.
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