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| Quote ="linnet""Every member of the board is willing to help any new owners in whatever way they wish "
yeah, shut the door as you leave will ya !!!!
Sad announcment but we all expected it so hopefully things can move on now'"
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| Quote ="Wildcatfan"Sad state of affairs that it has come to this but I think we all agree its for the best and now we can all look forward to a bright new future !
Hopefully the millionaire new owner, completely debt free club, outstanding community department, impressive and championship winning academy side and a shiny new stadium on the horizon should allow us to keep our SL licence come June/July.After all the depressing times over the past months things now seem to be going in our favour !'"
surely you cannot be serious......even before this the clubs fate was decided. I for one am extremely sad and think it is completely unnessacary to remove any club from Super League as it serves no purpose and especially wakefield. unfortunately the bufoons at RFL have their own agenda and at least now richardson should go and take the rest of the clan with him. Hopefully a new owner will appear and run the club professionally and when all the above like the new stadium become a reality, and the club running as a profitable business, then I am sure the Wildcats will rise from the ashes and be back.
I would have thought even the die hard fans among you would surely realise that 2012 will be in the championship, and if they dont then they should really wake up and smell the coffee
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| When in administration the expectation is that a lot of Wakey's debt will be written off and the rest will be paid back to the goverment at 'X' pence in the pound. The debt doesn't disapear.....it just adds to the countries deficit......so a special thanks to the Management and Board of Directors at Wakey for further hitting the tax payer due to their incompetence!!!
As for the club and supporters, my deepest sympathies for your team being in this situation!! Make sure that you get fully involved with the club as it re-forms, and never ....never let the clowns at the top or the RFL allow this to happen again!!
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| I’m gutted for you all. As a Widnes fan, I know what it feels like for you at the moment. I know some of you think that this is sort of good news, because it will rid the club of a much despised owner, but this could well have serious short term issues which, if not handled properly, could lead to the loss of your Super League licence.
That would be disastrous for any Super League club. Once you are out it is so difficult (nigh on impossible) to get back in. Even with a great well-run club, you may find yourselves overlooked for lesser clubs, which have the RFL X factor – location!
I had hoped that you’d get the 500 shares sold and use the influence that would bring to oust the old regime and negotiate with possible new owners, thus leaving you ideally placed for a licence in 2012; no debt, no administration, a new owner and possibly playing out of Oakfield with your new stadium being built.
I know you could claim that the Celtic Crusaders went into administration, but we all know that it will not affect their bid the same way it could affect Wakefield’s. I think, no matter how wealthy your new owners are, this will probably cost the club its licence. I guess you’re just relieved that it’s all coming to a head and, as there seems to be wealthy owners looking to buy the club, there’s light at the end of the tunnel.
I’m not trolling our showing any sort of schadenfreude. It is always sad to see any RL club go down this way, especially one of the originals with all the history which goes with that. I wish you and your club well for the future, no matter what happens.
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| Well it is a sad day for u all.But why should u be alowed to keep nearly getting wound up then start again,Us widnes was punished for it,it cost us a franchise.What is different about u than us with no ground,When we have the ground the money and the youth,God our under 21s have just won there super league season when we are in the championship.I dont want us to take your spot id rather they expand like the nrl.But do u still think u are more deserving than widnes for a super league spot?
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| Yes.
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Your inept and have been for years.
Uncle Maurice called this over a decade ago.
Let's hope we can finally move on some of his plans that should have been forced on you all those years ago.
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| Quote ="thepriestman85"icon_biggrin.gifANCE:
Your inept and have been for years.
Uncle Maurice called this over a decade ago.
Let's hope we can finally move on some of his plans that should have been forced on you all those years ago.'"
Correction the management of the club has been inept. Lets see what someone with some proper nous can do before condemning the club as a whole
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| Quote ="thepriestman85"icon_biggrin.gifANCE:
Your inept and have been for years.
Uncle Maurice called this over a decade ago.
Let's hope we can finally move on some of his plans that should have been forced on you all those years ago.'"
Nope. You aren't worth a bite.
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| Quote ="viking.gb"Well it is a sad day for u all.But why should u be alowed to keep nearly getting wound up then start again,Us widnes was punished for it,it cost us a franchise.What is different about u than us with no ground,When we have the ground the money and the youth,God our under 21s have just won there super league season when we are in the championship.I dont want us to take your spot id rather they expand like the nrl.But do u still think u are more deserving than widnes for a super league spot?'"
Who says that both clubs will not have a licence in 2012?
Whilst Wakey are now favourites for the axe, there are other clubs who could find themselves in peril. I'm not too sure there was any real need for this awful snipe at the fans of a club in this position. It also smack of desperation. I don’t know why, because the RFL have insisted that a Championship club will be promoted and the bids are now in.
We are not competing with Wakefield , we are competing with Halifax and Barrow. Wakey are competing with other SL clubs. So, this a totally stupid post and completely uncalled for.
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| Quote ="thepriestman85"icon_biggrin.gifANCE:
Your inept and have been for years.
Uncle Maurice called this over a decade ago.
Let's hope we can finally move on some of his plans that should have been forced on you all those years ago.'" might sit down tonight to watch the first game of the season after Adam Watene died when we whooped your sorry a£se
be prepared for the Trin again some day we won't go away
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| Quote ="SmokeyTA"One note of caution, When Leeds Utd went in to administration, the largest creditor ended up being a mysterious off-shore company which insisted the former owners regained control, and paid rent to a mysterious trust who owned the stadium, lets hope there is no similarities here.'"
That scenario does worry me greatly.
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| Quote 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.'"
You are correct of course however how it normally works is the company with bad credit get a supplier and pay cash for a number of transactions, then they say to the company ' you can see that we pay can we have a little bit of credit however if you can't do that we will find someone who will' then the company are between a rock and a hard place - some will take the risk in order to try to keep their own business ticking over - so yeah you can say that they shoulder some of the blame.
However lets put a different slant on this and i am putting this to everyone how will you feel if your son/daughter/mum/dad/etc etc etc comes home from their job and says they have been laid off because their company is one that is owed money and the owner is either closing the business or having to cut the work force.
This is a problem with any business going into administration not just wakefield so I think what the posters mean when they say think of the other business, think of the wider picture not just the business owner think of the cleaner, the driver, the shop assistant, the cook, the list goes on lets face it until it becomes apparent who money is owed to any of the people reading this could find themselves out of a job.
This is not having a go at Wakefield this is just unfortunately how business runs. Good luck for the future and i hope that whoever takes over does it for all the right reasons and has rugby in their hearts and business guile in their heads
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| However they do have to pass a fit and proper test by the rfl to run a club, surely if this was one of their demands they'd be shot down in flames and told to come back when they're serious??
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| Quote ="tropical1"You are correct of course however how it normally works is the company with bad credit get a supplier and pay cash for a number of transactions, then they say to the company ' you can see that we pay can we have a little bit of credit however if you can't do that we will find someone who will' then the company are between a rock and a hard place - some will take the risk in order to try to keep their own business ticking over - so yeah you can say that they shoulder some of the blame.
However lets put a different slant on this and i am putting this to everyone how will you feel if your son/daughter/mum/dad/etc etc etc comes home from their job and says they have been laid off because their company is one that is owed money and the owner is either closing the business or having to cut the work force. This is a problem with any business going into administration not just wakefield so I think what the posters mean when they say think of the other business, think of the wider picture not just the business owner think of the cleaner, the driver, the shop assistant, the cook, the list goes on lets face it until it becomes apparent who money is owed to any of the people reading this could find themselves out of a job.
This is not having a go at Wakefield this is just unfortunately how business runs. Good luck for the future and i hope that whoever takes over does it for all the right reasons and has rugby in their hearts and business guile in their heads'"
Its happened to me, yes i was peeved but i dusted myself down and got on with things. Unfortunately its the way of the world these days, has been for about the past 3 years and will continue to be until we get out of the recession. For me things are still going to get worse before they get better.
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| Quote ="Pepe"eusa_naughty.gif
Who says that both clubs will not have a licence in 2012?
Whilst Wakey are now favourites for the axe, there are other clubs who could find themselves in peril. I'm not too sure there was any real need for this awful snipe at the fans of a club in this position. It also smack of desperation. I don’t know why, because the RFL have insisted that a Championship club will be promoted and the bids are now in.
We are not competing with Wakefield , we are competing with Halifax and Barrow. Wakey are competing with other SL clubs. So, this a totally stupid post and completely uncalled for.
'"
Well if you go back a few months they was saying just the same things about quins and crusaders when they was going tiii up so where is the difference ?.I wasnt having a go at them was just pointing the situation out
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| Shame we don't get more cheap Aussie imports in. I must be the only person for them though
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| Quote ="viking.gb"Well if you go back a few months they was saying just the same things about quins and crusaders when they was going tiii up so where is the difference ?.I wasnt having a go at them was just pointing the situation out
'"
The difference is (sigh)
London went bust a few years ago, Crusaders went bust, just last year, are either of these club unlikely to receive a licence for 2012?
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| Our main chance of avoiding the RFL chopping block is a megabucks investor, we have one, no disrespect to any other interested parties.
If we really shake it up the RFLs lack of moral fibre will be tested, and that has got be a real opportunity for us.
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| Quote ="SmokeyTA"In pre-packs where the buyer is the same in all but name to those who put the company in to administration i would agree with you. However when a company is sold to new owners after administration, it is simply a more pragmatic approach.
The options are the company gets liquidated and creditors get a pittance, the business is closed everyone involved loses their jobs or the company goes into administration, the creditors get a pittance but the business stays open and people keep their jobs and hopefully the business grows. I know which I would prefer,
Just because a business goes into administration doesnt mean there isnt a call for the product or the underlying fundementals dont have the potential to grow a successful business.
In this example, good luck to Wakefield. IMO it is a frustration that an area that so obviously has the potential to be a RL asset has for so long been an also ran, with internal division and infighting restricting the realistion of that potential, hopefully a clean slate will see this Wakefield move forward from strength to strength.
I also think people are being a little presupmtious that this will be the nadir for Wakefield in a similar way it has been for Widnes, there is nothing set in stone here, and it is probably 50-50 at the moment whether this is the beginning of a new dawn or the beginning of the end. Lets hope for the latter.
One note of caution, When Leeds Utd went in to administration, the largest creditor ended up being a mysterious off-shore company which insisted the former owners regained control, and paid rent to a mysterious trust who owned the stadium, lets hope there is no similarities here.'"
Pre packs seldom actually work - the problem with them is the same people who got them into trouble are the very people who are going to run the new company? In this case Ted and Denise!!!
Most creditors have become very wary of pre-packs and as a result the promised holy grail simply fails to materialise - obtaining credit is difficult so cash flow gets squeezed as the owners are usually overtrading.
Wakey have little/no chance of getting a franchise - so in the short term they would be better dropping down a division with a view to doing a Widnes and rebuilding for the round of franchises in 4 years time
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| Quote ="kinleycat"Our main chance of avoiding the RFL chopping block is a megabucks investor, we have one, no disrespect to any other interested parties.
If we really shake it up the RFLs lack of moral fibre will be tested, and that has got be a real opportunity for us.'"
But have we deffo got a megabucks invester, is Parkin deffo interested. some one tell me he is please
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| Quote ="The Devil's Advocate"The difference is (sigh)
London went bust a few years ago, Crusaders went bust, just last year, are either of these club unlikely to receive a licence for 2012?'"
Ok ill give u that they will get licences,But you still was saying it was wrong and hoping they maybe wouldent to save yourselfs,Cas was saying the same.Anyhow no bad feeling from me the rfl shouldent have double standards,yes if they let quins and crusaders get away with it why not you else where is the fairness in that.All im saying is they never let us get away with nothing so we got it in the neck again,Seems they just seem to pick who they want,Very strange system,good luck with finding a backer we know all to well what it feels like but its worked for us and it can for u !!!!!!!!!!!!!!!!!!!!!!11
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| All the noises I'm hearing suggest Parkin is interested, can't say for sure but there's usually no smoke without fire as we have so often found out!
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| Quote ="Wildthing"Nope. You aren't worth a bite.
'"
Mike Gregory R I P, dumped by this wise man he mentions.
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Quote ="tropical1"You are correct of course however how it normally works is the company with bad credit get a supplier and pay cash for a number of transactions, then they say to the company ' you can see that we pay can we have a little bit of credit however if you can't do that we will find someone who will' then the company are between a rock and a hard place - some will take the risk in order to try to keep their own business ticking over - so yeah you can say that they shoulder some of the blame.
However lets put a different slant on this and i am putting this to everyone how will you feel if your www.westyorkshirewindows.co.uk/l ... m/2011/02/ comes home from their job and says they have been laid off because their company is one that is owed money and the owner is either closing the business or having to cut the work force.
This is a problem with any business going into administration not just wakefield so I think what the posters mean when they say think of the other business, think of the wider picture not just the business owner think of the cleaner, the driver, the shop assistant, the cook, the list goes on lets face it until it becomes apparent who money is owed to any of the people reading this could find themselves out of a job.
This is not having a go at Wakefield this is just unfortunately how business runs. Good luck for the future and i hope that whoever takes over does it for all the right reasons and has rugby in their hearts and business guile in their heads'"
You are correct but also you seem to forget the 40+ employees of Wakefield Trinity who would also lose their job as well and how would they feel telling their loved ones they have lost their job? There is also this huge speculation and almost assumption TBH, that 'other companies' will go down because Wakefield owed them some money!!! How and why exactly? The reality of the situation is that it is highly unlikely to happen to any companies to which Wakefield may owe money and if it did you equally must have to question the management of the creditor company and why they had risk such a high proportion of there turn-over with one client?
I have sympathy with any company that is owed money by any other company that goes down, but saving jobs that would definitely be lost versus liquidating a company just to pay a creditor who might have to lay one or two people off is simply stupid. It just does not add up... simple as that!
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Quote ="tropical1"You are correct of course however how it normally works is the company with bad credit get a supplier and pay cash for a number of transactions, then they say to the company ' you can see that we pay can we have a little bit of credit however if you can't do that we will find someone who will' then the company are between a rock and a hard place - some will take the risk in order to try to keep their own business ticking over - so yeah you can say that they shoulder some of the blame.
However lets put a different slant on this and i am putting this to everyone how will you feel if your www.westyorkshirewindows.co.uk/l ... m/2011/02/ comes home from their job and says they have been laid off because their company is one that is owed money and the owner is either closing the business or having to cut the work force.
This is a problem with any business going into administration not just wakefield so I think what the posters mean when they say think of the other business, think of the wider picture not just the business owner think of the cleaner, the driver, the shop assistant, the cook, the list goes on lets face it until it becomes apparent who money is owed to any of the people reading this could find themselves out of a job.
This is not having a go at Wakefield this is just unfortunately how business runs. Good luck for the future and i hope that whoever takes over does it for all the right reasons and has rugby in their hearts and business guile in their heads'"
You are correct but also you seem to forget the 40+ employees of Wakefield Trinity who would also lose their job as well and how would they feel telling their loved ones they have lost their job? There is also this huge speculation and almost assumption TBH, that 'other companies' will go down because Wakefield owed them some money!!! How and why exactly? The reality of the situation is that it is highly unlikely to happen to any companies to which Wakefield may owe money and if it did you equally must have to question the management of the creditor company and why they had risk such a high proportion of there turn-over with one client?
I have sympathy with any company that is owed money by any other company that goes down, but saving jobs that would definitely be lost versus liquidating a company just to pay a creditor who might have to lay one or two people off is simply stupid. It just does not add up... simple as that!
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