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| Quote ="factsareus"Not sure how a qualified accoutant can say doing books on a part time basis absolves anybody from the this mess.
What was needed was a stucture exsplained so that investmenr could be attacted
will other directors loans be written off ?
recapitalisation should take place so that moving the cash flow problem down the line and just selling players isnt the only self defeating option
No general call for capital investmest and the structure that either individual or trust could invest in has been anounced.'"
I'm pretty sure if you look at my original press conference, I didn't try to absolve myself of any blame. I said that I was quite willing to take my fair share of it. I should have acted sooner.
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| Quote ="Old Blighty"I mean you no insult but you do need to change your tack... Genuinely you are increasingly incoherent... And disconnected.... And a little one eyed.
I remember having long chats with old Ted... And talked long about other investment, and more people sharing his control.... But he was not interested really... This was his club... And the only time he trusted someone to join in (Pearman) it ended in disaster, and he was never going to give control away again
AG should have had a steadying hand alongside... Instead he had Elston.
Now we have a new owner who exhibits a completely different ethos to all previous incumbents...
The club needs to creat a vision for the people of Wakefield to buy into... One which portrays a conservative and prudent financial agenda, but that is the only evidence of prudence and conservatism... Everything else is about customer, sales, excitement, positive... If we don't ave those attributes then hanging out for Newmarket will be pointless.
Glover had the external face right on the button... Carter has the internal face absolutely right...
Hence my previous point, if it could ave been done... together they would have been powerful.'"
A lot of this I agree with. Would love someone to cone on board with the customer focus and marketing vision that I clearly don't have, nor have ever professed to having.
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| Quote ="RebelRebel"So did Glover, so that means nothing.
What's with this "paper trail" thing that I keep hearing about, Michael? Some tax evasion game? How can a 400K shortfall after doing the books become a 600K shortfall?'"
Paper trail? No idea? I had had no involvement on the financial side between December 2012 and July 2013 other then putting money into the club. The 400k is a figure we calculated after a week of taking over. Subsequently we find further problems in the 2 months after that.
Let me just say this, and each fan can take it how they like.
On the 29th august I went into the stadium, and the club was about to go into administration. That meant that in all probability we would be looking at playing in championship 1 next season, not the championship!
By staying out of administration, we have at least given ourselves a chance, however small you may judge it, of staying in super league for next season and beyond. It would have been far easier to go into admin. But we chose this path. It may work, it may fail. But at least we still have a chance?
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| I expected some new posters to appear on these boards after the Glover/Elston scandal broke, i thought that a few may want to vent their spleens.
Whats happened as been the exact opposite and new posters (although life long fans) have suddenly decided after years of reading but not posting to join the forum.
Strange they all seem to be questioning MC and dismissing out of hand the shady carry on thats left us at ground zero.
No doubt we'll all be attending the next meeting and airing any views, it would help clear up any issues and allow us to move on.
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| Quote ="El Rey"
Strange they all seem to be questioning MC and dismissing out of hand the shady carry on thats left us at ground zero.
'"
This is what I find to be the strangest part.
We were brought to our knee's and yet people are questioning the man who is trying to help us back to our feet again.
Very bizarre. Thankfully this forum represents a small percentage of Trinity fans.
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| Quote ="Wildthing"This is what I find to be the strangest part.
We were brought to our knee's and yet people are questioning the man who is trying to help us back to our feet again.
Very bizarre. Thankfully this forum represents a small percentage of Trinity fans.'"
I can't work out why they didn't question the previous regime, how come they see right through MC but couldn't see through AG/JE.
Surely a year or so ago they should have logged in and warned us all, after all 35 years of supporting Trin would leave you wise to thes things.
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| '"
Quote ="El Rey"I can't work out why they didn't question the previous regime, how come they see right through MC but couldn't see through AG/JE.
Surely a year or so ago they should have logged in and warned us all, after all 35 years of supporting Trin would leave you wise to thes things.'"
Because with the AG/JE regime they were living the dream. Buying decent players on fantasy wages with extras thrown in probably.
With MC they don't see the dream just grim reality. They need to go to Specsavers & get their rose tinted glasses changed.
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| 64 thousand $ question ( or £ 600,000 deficit question ) is why didn`t MC question the AG regime when they were part of the same board.
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| I have a feeling that a good percentage of these new posters are not WTW fans, however I do feel they are RL fans that may support & watch RL in a WF post code
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| Quote ="bellycouldtackle"64 thousand $ question ( or £ 600,000 deficit question ) is why didn`t MC question the AG regime when they were part of the same board.'"
He's already answered that question belly.
Hr couldn't account for the extra 200k because it appears not to have been there.
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| Quote ="herewego"Funny how lack of facts can spoil a good story. Like others I don't buy I only did the books MC. I was not a Director nor employed sounds like "not my fault guv". As said facts spoil a good story or can be shielded by blind faith.
The facts known are negative - players having to be sold, Ticket sales not what we need and we still some finance issues. So that's alright then?'"
Another "fan" coming on to question the motives and ability of a guy who has prevented the collapse of Wakefield Trinity.
1/ What more do you want/ expect from the bloke
2/ An accountant of a company can only advise the main board and suggest a different course of action. It is the accountants job to record income and expenditure, NOT to chose the way in which the business is run, they can only advise.
PLAYERS HAVE BEEN SOLD TO PREVENT THE CLUB GOING INTO ADMIN and to allow us to start and rebuild the club.
Although it's unpleasant, there is no alternative.
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| Quote ="wrencat1873"Another "fan" coming on to question the motives and ability of a guy who has prevented the collapse of Wakefield Trinity.
1/ What more do you want/ expect from the bloke
2/ An accountant of a company can only advise the main board and suggest a different course of action. It is the accountants job to record income and expenditure, NOT to chose the way in which the business is run, they can only advise.
PLAYERS HAVE BEEN SOLD TO PREVENT THE CLUB GOING INTO ADMIN and to allow us to start and rebuild the club.
Although it's unpleasant, there is no alternative.[/qu ote
Youŕe wasting your time. The negativity on this thread is unbelievable . I think some of the posts are a downright insult to the one man who clearly has the clubs interest at heart. Get off ther blokes back!
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| Surely all we need to know is that glover and elston wanted to put the club in admin and mc didn't. Had they got their way, loads of suppliers to the club would have been left out of pocket yet again and a lot more staff would have been affected. Add to this we would definitely be out of super league instead of having the chance to retain our place based on what the team do on the pitch and its difficult to see how anyone could question what MC has done, cos the alternative was a whole lot worse.
Finally, I would say that what he has done has probably earned the club a bit of goodwill back which was in very short supply under glover and elston. I would point to the fact that we still owe 100k but the people owed are allowing us time to pay up, as evidence of this.
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| Quote ="Tricky2309"Surely all we need to know is that glover and elston wanted to put the club in admin and mc didn't. Had they got their way, loads of suppliers to the club would have been left out of pocket yet again and a lot more staff would have been affected. Add to this we would definitely be out of super league instead of having the chance to retain our place based on what the team do on the pitch and its difficult to see how anyone could question what MC has done, cos the alternative was a whole lot worse.
Finally, I would say that what he has done has probably earned the club a bit of goodwill back which was in very short supply under glover and elston. I would point to the fact that we still owe 100k but the people owed are allowing us time to pay up, as evidence of this.'"
Good post!
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| The first job is obviously to get us out of the mess we are in.
Then we can hopefully progress from there.
MC has stated again he would welcome investment/expertise.
So far no one has come forward other than Kath Hetherington,and that is a paid job, not investment.
What do the critics want him to do?
Walk away?
If they are not careful they might force that.
Hmm.. perhaps some posters are not Trinity fans?
We would then be in a bigger hole.
Give him time.
Its only weeks since he took over.
I for one feel a little more optimistic and am prepared to at least wait and see what the next couple of months bring.
Just read your post Tricky.
Excellent.
There
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| Quote ="Daddycool"Paper trail? No idea? I had had no involvement on the financial side between December 2012 and July 2013 other then putting money into the club. The 400k is a figure we calculated after a week of taking over. Subsequently we find further problems in the 2 months after that.
Let me just say this, and each fan can take it how they like.
On the 29th august I went into the stadium, and the club was about to go into administration. That meant that in all probability we would be looking at playing in championship 1 next season, not the championship!
By staying out of administration, we have at least given ourselves a chance, however small you may judge it, of staying in super league for next season and beyond. It would have been far easier to go into admin. But we chose this path. It may work, it may fail. But at least we still have a chance?'"
That's fair enough, and I think all decent-minded people would applaud you for choosing the path you've taken, for everyone's sake.
The worrying thing, as a fan on the outside looking in, is that we drew a line in the sand as far as the required capital investment was concerned, and have now had to draw another. You wonder - or I wonder - where it all ends? Or when? Perhaps, as El Rey has posted, the meeting with the fans will tie up a lot of lose ends.
I suppose I'm just dismayed that we've managed to get to the state we're in again in such a short period of time. You're in the unenviable position of having been associated with the previous regime, so it's understandable that as well as the thanks you receive for sticking with the club and toughing it out, you'll also have people wondering why this was allowed to happen in the first place, and questioning the extent of your involvement in it all.
Good luck.
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| I suspect that if we all used our real names instead of The Clan, AgendaXIII etc then (a) we wouldn't have all these new posters and (b) their motives in questioning MC wouldn't be a mystery.
As an Accountant you can only account for finances that you know about, if money's been spent that isn't represented in the paperwork then how on earth can you account for it and therefore how can you be expected to offer advice on reigning in the budget.
The new BoD have had their hands forced by the monetary situation and taken tough decisions in order to stabilise the club. They're seemingly being shot at by some because they're the name and face of the disappointment we feel and by others who clearly have a personal agenda but they're the wrong targets in my opinion.
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| Daddycool
The negative stuff on here is winding me up but it does have the effect of making me more determined to continue with my support of WTW. These people are so shortsighted and ungrateful it beggars belief.
Keep up the good work and thank you
Nil desperandum illegetimi carborundum because for every doubter you have 100 believers
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| If, hypothetically, there was another set of books not seen by the whole board, how could any accountant act on information he was not aware of?
Maybe the statements that no player was on 100K, when players themselves were talking in these terms, could be covered up in these hypothetical accounts !
This was the case at Melbourne, where it ran for years, only difference was the money was there to keep the illusion alive.
People who run businesses to make money will sometimes take every advantage they can, be it legal/grey/illegal, and keep the methods to themselves
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| All I've heard is papers records of what was owed were not kept therefore the first the current officials knew of the debt was when the supplier got in touch.
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| Quote ="1873"If, hypothetically, there was another set of books not seen by the whole board, how could any accountant act on information he was not aware of?
Maybe the statements that no player was on 100K, when players themselves were talking in these terms, could be covered up in these hypothetical accounts !
This was the case at Melbourne, where it ran for years, only difference was the money was there to keep the illusion alive.
People who run businesses to make money will sometimes take every advantage they can, be it legal/grey/illegal, and keep the methods to themselves'"
From what I understand its not that there was a hidden second set of books, just that the first set didn't contain any meaningful information as to what was owed and to whom. That must make it difficult to ensure people are being paid properly or at all, and would also make it difficult to know if those demanding money were actually owed it or not. Not the easiest situation to walk into and try and sort out.
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| Quote ="El Rey"Positive threads are slow movers Jason
Won't make 3 pages.'"
What I'm pleased about is that now folk know more of the facts relating to the desperate situation MC found himself in they are seeing the recent fire sale as being absolutely necessary. MC I'm not one for airing dirty linen in public but sometimes the facts help the doubters to understand.
If you are one of the doubters. One of the "I'm not buying a ticket, joining 1873 club" I would ask you to get behind the club now.
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| ffs - what difference does it make to going forward to fans to know how the previous board and the board before that let us go so far down hill,
The only thing that matters is Wakefield Trinity Wildcats. MC/Daddycool has been more open than he needs to be and still gets criticised, its about time the negativity stopped and we all got behind the club, the board and the players whoever comes in. if a player is willing to sign for Wakefield at this present time then he needs to be applauded and supported.
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| Quote ="Acatinbullland"ffs - what difference does it make to going forward to fans to know how the previous board and the board before that let us go so far down hill,
The only thing that matters is Wakefield Trinity Wildcats. MC/Daddycool has been more open than he needs to be and still gets criticised, its about time the negativity stopped and we all got behind the club, the board and the players whoever comes in. if a player is willing to sign for Wakefield at this present time then he needs to be applauded and supported.'"
Hear hear
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| Sanity returns
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