So what is the situation : Tue Jan 18, 2011 11:13 am  

The BOD want the shareholders to provide 500K and they will move over.

What do we owe then? We heard the club should have got 350k at the point NM was approved, (sounds a gamble to me and we lost for the early part although it may well come to fruition).
We owe the tax man how much? is it 350K or is that a guess by me and then the 150k on top for what general running of the club? If the money is raised what are the current liabilities?

What if the SL licence for the future is revoked where does that leave any investors.

What happens if the club is wound up? does it mean this season on -4 like Crus if a buyer comes along? What would be the plan then in preparation for loss of license.

I am fairly sure the club would rise from the ashes but at the moment there are many unanswered questions to slash the cash, transparency is needed and needed fast, this is heart and head stuff but for once i am using my head and sitting back at the moment.

Re: So what is the situation : Tue Jan 18, 2011 11:26 am  

The shareholders,fans and interested buisness partners need to raise the £500K, if sufficient funds are raised, Ted and the board will resign enblock and the shareholders will elect a new board.If the money is not raised the club wil go into administration and the RFL will kick us out of Super league,ok they may kick us ut anyway but we can't afford to give them an excuse to get rid of us by going into administration.

Re: So what is the situation : Tue Jan 18, 2011 11:38 am  

Can somebody confirm when the RFL will announce who is to be awarded a franchise from 2012?

Re: So what is the situation : Tue Jan 18, 2011 11:47 am  

I believe the club coming up will be informed in July to give them time to prep/recruit etc.
The remaining licences (i.e. any team having a licenced revoked) will be announced at the end of the season at a date yet to be announced.

Re: So what is the situation : Tue Jan 18, 2011 11:50 am  

Rotherham Fev Fan wrote:

I believe the club coming up will be informed in July to give them time to prep/recruit etc.
The remaining licences (i.e. any team having a licenced revoked) will be announced at the end of the season at a date yet to be announced.

I was under the impression Widnes would be given the nod in March while the rest of the applicants would find out in July.

Re: So what is the situation : Tue Jan 18, 2011 11:53 am  

Khlav Kalash wrote:

I was under the impression Widnes would be given the nod in March while the rest of the applicants would find out in July.

Yep this is correct.

Re: So what is the situation : Tue Jan 18, 2011 11:57 am  

The long term health of the club is the only concern.
1. We have no control over the actions of the RFL and SL, they will do what they will do.
2. If the long term future of the club is best secured by admin and a drop from SL, so be it.
3. Come what may, this should be the end of the Richardson era, either through a new investor coming in following admin (there are many rumours) or a supporter led alternative.
4. Unless a major backer joins the £500K "share issue" this is dead in the water.
Attend tonight if you can, I'm sure a lot more questions will be answered.

Re: So what is the situation : Tue Jan 18, 2011 12:03 pm  

would you prefer the club to committ to it's SL fixtures but run a real risk that is a distinct possibility that it might not be able to see out the season, or even worse, go out of business soon after the season commences -

OR

take the hit now, close down Wakey Trinity Wildcats and re-form as Wakefield Trinity (2011) Ltd competing a full season in the championship and begin the long road back to recovery??

It hurts, but not impossible - HKR, Huddersfield being recent examples

Re: So what is the situation : Tue Jan 18, 2011 12:07 pm  

There is no need for option 2, I am certain that should we go down, other investment is close at hand, if only for this season.

Re: So what is the situation : Tue Jan 18, 2011 12:10 pm  

Rotherham Fev Fan wrote:

It hurts, but not impossible - HKR, Huddersfield being recent examples

The main difference being that these two were able to play their way into SL fair and square whereas we would be relying on the RFL to let us back in which i believe is unlikely due to geographical reasons.