Re: AGM/EGM tonight : Wed Jan 05, 2011 1:18 pm  

Speedy wrote:

So how does Ted and the crew get their money back for the value of their shares ? or do they just say thats it, you can have them for free, Or is the money for the share issue to actually pay Ted off

They don't get their money back, they don't want their money back.

Whatever people feel about Ted he is a supportor of the Club and has been since a kid. All he wants to do is step down and let someone else run the club but until there are new investors there is no one else to run it.

His shares will be put into Trust.

Re: AGM/EGM tonight : Wed Jan 05, 2011 1:25 pm  

Sandal Cat wrote:

They don't get their money back, they don't want their money back.

Whatever people feel about Ted he is a supportor of the Club and has been since a kid. All he wants to do is step down and let someone else run the club but until there are new investors there is no one else to run it.

His shares will be put into Trust.

#

Thats generous i suppose, but why issue an exra share holding, surely that will de-value the share holding in its entirety, why not just sell his shares to the investors and give the money to the club, just seems to be a strange way as who would manage the trust shares ? i dont know and tbf its nothing to do with me, but i suppose it will all come out in the wash.

Re: AGM/EGM tonight : Wed Jan 05, 2011 1:30 pm  

Speedy wrote:

#

Thats generous i suppose, but why issue an exra share holding, surely that will de-value the share holding in its entirety, why not just sell his shares to the investors and give the money to the club, just seems to be a strange way as who would manage the trust shares ? i dont know and tbf its nothing to do with me, but i suppose it will all come out in the wash.

that would make sense to me also, ted gives his shares up, on the proviso that the required amount is raised they ere then redistributed between investors pro rata.

Re: AGM/EGM tonight : Wed Jan 05, 2011 1:32 pm  

Speedy wrote:

#

Thats generous i suppose, but why issue an exra share holding, surely that will de-value the share holding in its entirety, why not just sell his shares to the investors and give the money to the club, just seems to be a strange way as who would manage the trust shares ? i dont know and tbf its nothing to do with me, but i suppose it will all come out in the wash.

I guess he could but I don't think even at a 75% holding Ted has any where near 500,000 shares.

The aim is to bring new money into the Club and the Trust (Supporters or Community ?) could hold the shares as a stake in the Club and who knows have a representation on the Board.

I guess it will all become clearer shortly.

Re: AGM/EGM tonight : Wed Jan 05, 2011 1:37 pm  

Whatever you say about Ted thats a generous decision to make after all the money he has put in. So everybody who has a go how the club is run, a £1,000 isnt that much or get some friends together to make it upto a grand and you too can have a go!!
Cant have say I'm worried though...

Re: AGM/EGM tonight : Wed Jan 05, 2011 1:40 pm  

Speedy wrote:

#

Thats generous i suppose, but why issue an exra share holding, surely that will de-value the share holding in its entirety, why not just sell his shares to the investors and give the money to the club, just seems to be a strange way as who would manage the trust shares ? i dont know and tbf its nothing to do with me, but i suppose it will all come out in the wash.

Because he'd get screwed on Tax meaning the £500k would be significantly reduced.

Re: AGM/EGM tonight : Wed Jan 05, 2011 1:47 pm  

I dont think you have a hope in hell of attracting the investment you need, £500,000 is massive and why would supporters chuck money away when 2 investors (with much more money) have just walked away??

I would doubt that even Leeds, Saints or Wigan would get anywhere near that sort of investment from fans if put in the same situation........and they have all got some actual fans!!

If the basis of Wakefields future was based on getting a pie in the sky decision on this FREE stadium then it tells you something about the state of Wakefield Trinity Wildcats as a viable entity!!

The whole development at Newmarket will never be built now, its the end of all that, you lot have to face the facts and to keep slagging off Wakefield council is outrageuos in the extreme when you consider they have bought belle vue for a good amount of tax payers money 3 times in the last 15-20 years and sold it back to you for a quid 3 times so that you could sell it again to raise more cash to waste...........and you still say they havent helped you!!!!

Re: AGM/EGM tonight : Wed Jan 05, 2011 1:51 pm  

Uninformed claptrap

Re: AGM/EGM tonight : Wed Jan 05, 2011 1:52 pm  

Phew, this feels bad. We're hoping for a franchise as a professional sports club, but we will be run by whoever sticks their hand up in a shareholders meeting. It might be one way forward, but it feels like we are going to turn into a small-fry community club.

And I can understand why the RFL would differentiate between us and Crusaders. Looking at impartially, one is a new club saddled with debts from a previous owner, whereas the other is one that would want a loan to help out the same owners.

As much as I want to help out the club, I can't help feeling that it will be a grand down the pan. We will be in NL regardless and what happens after that is anybe's guess.

Re: AGM/EGM tonight : Wed Jan 05, 2011 1:59 pm  

champagnecharlie wrote:

I dont think you have a hope in hell of attracting the investment you need, £500,000 is massive and why would supporters chuck money away when 2 investors (with much more money) have just walked away??

I would doubt that even Leeds, Saints or Wigan would get anywhere near that sort of investment from fans if put in the same situation........and they have all got some actual fans!!

If the basis of Wakefields future was based on getting a pie in the sky decision on this FREE stadium then it tells you something about the state of Wakefield Trinity Wildcats as a viable entity!!

The whole development at Newmarket will never be built now, its the end of all that, you lot have to face the facts and to keep slagging off Wakefield council is outrageuos in the extreme when you consider they have bought belle vue for a good amount of tax payers money 3 times in the last 15-20 years and sold it back to you for a quid 3 times so that you could sell it again to raise more cash to waste...........and you still say they havent helped you!!!!

Nonsense!

And the difference between the two ideals is that we are fans first, not business men. Only the RFL can explain why the sensible business route for the club is the one that we cannot take - despite them doing the very same with another club which is supposed to be on equal footing with us!