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Cibaman wrote:
I've never seen it as a foregone conclusion that the club would call in the pledges just because we reach £500k. Still a tough call

Definitely, however from reading around the net and from talking to and overhearing things yesterday far too many people seem to think that hitting that £500k mark means everything is alright.
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Don't know if anyone else has seen this yet:

http://www.guardian.co.uk/sport/2012/ap ... CMP=twt_gu

Mentions the possibility of selling players to cover the remaining £500K and that Bateman may command a '6 figure sum' from Warrington.

Difficult decision for the BOD. If they aren't sure of generating the second £500K do they call in the pledges and hope for the best? What if they fall short and all that cash is effectively wasted? Wouldn't have their job for anything right now.
Don't know if anyone else has seen this yet:

http://www.guardian.co.uk/sport/2012/ap ... CMP=twt_gu

Mentions the possibility of selling players to cover the remaining £500K and that Bateman may command a '6 figure sum' from Warrington.

Difficult decision for the BOD. If they aren't sure of generating the second £500K do they call in the pledges and hope for the best? What if they fall short and all that cash is effectively wasted? Wouldn't have their job for anything right now.
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Just seen the news people stood in lines at Odsal this morning to hand over their pledge.

And the Hood with hand out asking for more.

I want to know where this money is going before i pay mine in!!
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Kosh wrote:
Don't know if anyone else has seen this yet:

http://www.guardian.co.uk/sport/2012/ap ... CMP=twt_gu

Mentions the possibility of selling players to cover the remaining £500K and that Bateman may command a '6 figure sum' from Warrington.

Difficult decision for the BOD. If they aren't sure of generating the second £500K do they call in the pledges and hope for the best? What if they fall short and all that cash is effectively wasted? Wouldn't have their job for anything right now.


Also, have i read it right? They would only activate the pledges that so many people have made if they are confident of getting the second amount of £500k? How will that decision be made?
Kosh wrote:
Don't know if anyone else has seen this yet:

http://www.guardian.co.uk/sport/2012/ap ... CMP=twt_gu

Mentions the possibility of selling players to cover the remaining £500K and that Bateman may command a '6 figure sum' from Warrington.

Difficult decision for the BOD. If they aren't sure of generating the second £500K do they call in the pledges and hope for the best? What if they fall short and all that cash is effectively wasted? Wouldn't have their job for anything right now.


Also, have i read it right? They would only activate the pledges that so many people have made if they are confident of getting the second amount of £500k? How will that decision be made?
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Owrambar wrote:
Where did all the takings from last night go??
Epic turn out !!
20k less 5k season ticket holder gives 15k to pay in
Split that 50 /50 gives a cash injection of over 225K yet fund only goes up by 80k???

Why would they splitting the gate receipts 50/50?
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Owrambar wrote:
Just seen the news people stood in lines at Odsal this morning to hand over their pledge.

And the Hood with hand out asking for more.

I want to know where this money is going before i pay mine in!!


I was at Odsal today to buy my widnes ticket. The bloke in front of me tried to pay in his pledge money. And was refused
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"I'm 49, I've had a brain haemorrhage and a triple bypass and I could still go out and play a reasonable game of rugby union. But I wouldn't last 30 seconds in rugby league." - Graham Lowe (1995)

The bit about Bateman is interesting, particularly given many on here have argued that the option of administration would see us lose our best young players and therefore the logic was pledge first and contest the ownership structure after the club was saved.

Bit ironic if by pledging we've ensured the present ownership can then proceed to sell our best young players to get the remaining £500k, meaning we lose out on both fronts. I'm not saying this is the plan, but Andy Wilson hints at it and has quotes from Hood in his piece.

I had presumed there was potential investment on a matched funding basis - supporters raise £500k and the rest is put in by a new investor or a combination of that and the BoD themselves (and continue to hope this is the case), but if the 'plan' is a 'fire sale' of our other assets - the players, then I can see some people being reluctant to honour their pledge. The lack of info and poor communication strategy could yet see us screw up the good will that's evidently out there, so I'm hoping Andy Wilson's article is just speculation.
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anarkik wrote:
then I can see some people being reluctant to honour their pledge.


Forgive my ignorance - what is a pledge? Have people handed over their bank/credit/debit card details ready for authorized use when the pledges are invoked? Or is it merely a promise, verbally or written? How does Hoodie activate the pledges and turn them into cash?
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On the BBC today Stewart Duffy typified the mixed messages coming out of the club - he said that we would ned the next £500k in a period of weeks or even a couple of months! Well which the hell is it! Symptomatic of how badly the whole episode has been handled!
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littlerich wrote:
Forgive my ignorance - what is a pledge? Have people handed over their bank/credit/debit card details ready for authorized use when the pledges are invoked? Or is it merely a promise, verbally or written? How does Hoodie activate the pledges and turn them into cash?


Its just a promise. Dont think its legally binding. And I certainly havent handed over my bank details. So it remains to be seen how quickly the money will be paid
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