Best of luck and let us hope that this marks the start of the new Wakefield Trinity.

On a side note, if a club goes into admin, don't they have to agree to pay a certain amount in the pound to creditors and you can't come out of admin until 75 percent of creditors have agreed.

If HMRC are your major creditor, does this mean they can keep Wakey in admin until they recover as much of their money as possible?

sadly you will find no such comments form me on any Crusader board as i have only recently taken an interest (regular poster) in the site as it is my only means of keeping tabs on the world of RL whilst i am living in Dubai.

secondly, non i have not wrote to any local MP as what is the point in the scheme of things.

thirdly, you have clearly never been caught up, taken for, or affected by a company entering administration before. the affects can be far reaching. i can give you a numbe rof exmaples form the construction industry where small sub-contractors have lost their homes, wordly possessions and will to live on the back of being taken for a few quid by some rather large construction firms. the feelings are world ending and leave many unable to sleep at night, but your right thats just business!! rediculous!! i bet you went to private school and fed with a silver spoon with an attitude like that?! maybe you are the one who needs to grow up?

i do agree re credit insurance and to be fair most companies i know do have it although with the ever increasing number sof companies bailing out the cost of premiums are soaring and they are reaching unaffordable levels for many, hence why they are not mandatory!!

and as for being a troll, i think not! bitter, maybe?

You are wrong on all counts, I have indeed been caught up and affected by companies entering administration (I did say this mate!) on BOTH sides of the fence. I have lost my job by a company entering administration and worked for companies who are owed money by companies going down. I know first hand how volatile the construction industry can be, but it is all about Risk and Reward, and as someone who often has the final decision on whether we do or do not enter a sub-contract then you always have this at the back of your mind. I said no to a sub-contract a few weeks ago for this reason... it was just not worth the risk IMO... but other people have different opinions and one of our competitors did as he signed! I am wrong or is he wrong? You tell me? He was prepared to take the risk (we could not get sufficient credit insurance) , I wasn't... that is business!

As for credit insurance making is compulsory is a waste of time and would just feed the insurance industry... when you are a new/smaller business you make the call, but you choose to be in business and make that call and benefit from the rewards... which have risks!

No, I didn't go to public school... although it is an Academy now!

Finally, having done some business in the UAE I do find it odd that anyone who chooses to live and work in Dubai would be pontificating about UK company law and moral trading... don't you!

If we're talking about franchises in purely business terms I think both clubs should be excluded from the next bidding round and it would be outrageous if just the Crusaders were 're-elected'. However if we remain sighted on RL as a sport it seems right that finances should not in themselves be knock-out factors but then again neither should be stadia conditions yet you can bet there'll be no leniency for Wakey/Cas in that respect.

There is no way in a milion years though that you would ever get any credit insurance whatsoever on pretty well any RL club. Maybe on Leeds if you were lucky, and perhaps on the stadium owning companies at Wire and Hudds, but usually forget it. Even most banks will not lend to most RL clubs. They are seen as terrible credit risks, and the succession of RL clubs becoming insolvent over the years justifies that stance.

And I say that having had precisely this discussion (albeit informally!) with Euler Hermes, Atradius and several of the big banks.

Sad news for RL but hopefully clears the way for a future for you.

Hopefully you are treated the same as Crusaders when it comes to points and franchise applications. Hopefully now the people of Wakefield can get behind the club

Thanks ted for all the bad memories and broken promises now is the time for you to keep one of your promises and get out of the club and leave us honest supporters with a little hope for a bright future.Heres hoping we now have something to look forward to

This is true... I think you would get lower amounts on some of the bigger clubs but you are right about Wakefield. But like I said, that is the risk and reward of business and is one of the obstacles to growing a business.... but you take the risk to get the reward!

Good luck folks. Hope you can emerge from this with an owner and a future.

Sad that it came to this but lets just hope now there is a smooth transition to new ownership and that we have a bright future. Everything will cross, is crossed!

As for those people saying that the poor small companies who will lose out, and then the club continues as if nothing had changed.... think about this...

If small company 'chooses' to give credit terms instead of payment up front, that is their choice whether to do that deal. They can choose to build in any risk involvement into the price. They can choose not to do future transactions if they feel they are having difficulty getting payment.

If they feel the club may be in difficulties, they can choose to put the club on stop until payment is received.

If the club after admin want to re-engage the supplier, they can pretty much expect a higher price which would recoup any previous losses. New club will not get the same terms as old club if there has been a loss.

With all business transactions with credit, there is the element of risk. You get some winners, some losers, some prepare for that with increased prices for the risk, some don't. With all business, there is the element of choice (no monopolies) so small companies cannot put ALL the blame at a club if they choose administration route.

Thats our super league licence up the swanny thanks ted.

In agreement there. Time to build again under the name Wakefield Trinity.

Could not agree with your post more mate. Unfortunate, but the reality is just that!

Top tip young lady, when registering under other usernames to have a pop try and cover your tracks better, this attempt is rediculous!!!!!

I fear you are going to get a tide of Fax fans on here now baying for blood in their ridiculous belief that they should be in SL over you now that the licencing dead line approaches. I would just like to say to all you Wakey fans is please don't stop supporting your club and keep your chins up. The worst that could happen is you drop down to our league where you all will be very welcome at the LSV.

I would hate to see the demise of Trinity as a great old club. I've enjoyed visiting Belle Vue, too, over many years. However, the above view is spectacularly rose-tinted. The horizon seems to move back every month with regard to the 'shiny new stadium'. Given that, and your financial woes, I can't see the club getting a 2012 license. However, that may be good news in the long term. Widnes lost out last time around for being in a similar financial position ( through they already had a 'shiny new stadium'). They were bitterly upset at the time, and no doubt three years out of SL has been painful. But it has given them time to completely re-organise, on and off the field. If, as expected, they win the license for 2012 onwards, they will be in a much stronger position to succeed than would have been the case had they won a license last time around. In my view this would be the right thing for Wakefield, too. Three years seems a long time now, but it passes quickly, and you'd still have RL to watch in Championship 1. Much better that than a very hasty attempt to turn the club around only to fade and fail again.

I'm sorry but that is by no means a fair comment. Whilst the issue over going in to administration should mean that any club is penalised, Crusaders included, losing 4 points in a league with no relegation is irrelevant but if Wakey were to go down to the Championship it may well help them to rebuild as a club. It may also actually help to open up the SL for other clubs, the bigger the clubs wanting to come up from Champs then the more chance of P&R being reinstated (very little hope I suppose).

I just hope that RL continues in Wakey for all the fans that have spent time, money and emotional outgoings on the club.

I am afraid that Wakefield will not get a franchaise for the next three years. Unfortunately the RL will not immediately support a club in financial ruin, they will have to prove their worth in the Championship as Widnes have had to do with their financial problems. Playing at barnsley in the Championship would generate only 1500 or so supporters, not enough to secure a future franchaise. So it looks bleak for the Wildcats. :

Naff off - what a load of old cobblers!

Naff off indeed. How many do you think they would get at Barnsley playing York City Knights. You would struggle to get 2500 at wakefield, so you wont get anywhere near that at Barnsley. Take it on the chin , you will have rebuild and hope you can come back stronger.

Wildcats wouldn't have to move to Barnsley, if they have to go down to the Championship. They should be able to keep some kind of following?

All I can say to the doom mongers from other clubs (and in ours too) is that while ever there is a Wakefield Trinity club, at whatever level they play, I will pay my money and go to which ever stadium to watch them.
I'd love a big sugar daddy to come in and take over, and put pressure on the rugby league to give us a license but in reality we are probably just hoping for someone to buy the club and keep it running.
Taking a hit on points for going into admin means nothing when there is no relegation for number of points earned in the league.
And last time we were in the lower league, I really enjoyed the rugby.

Since the decision on the stadium it has been a slow death and demoralising for a lot of people but signs of a resurection are looking promising.......but we'll see.

Oh - so you're not a Wakey fan - surprise surprise!



Try talking about something you know something about!