: Thu Nov 05, 2009 11:30 am  

£353,000

Someones payed about £160k into it, we could have gone into receivership

: Thu Nov 05, 2009 11:35 am  

mwildcats wrote:

:shock: £353,000

Someones payed about £160k into it, we could have gone into receivership

Don’t believe everything you read!!

: Thu Nov 05, 2009 11:36 am  

charlie wrote: The Express like it http://www.wakefieldexpress.co.uk/news/Wakefield-Wildcats-just-avoid-going.5797989.jp a very unsurprisingly bleak view from the express. Whilste we don't know the ins and outs of it all, it seems to be a very brief way to cover what would probably be a quite complex situation, the usual express effort at journalism. As I'm always one for clarity, I think the club should come out with an in depth statement on the situation. Without one, well, where there's smoke there's fire!!!!!! Yet again we would be made to look a laughing stock, and the people running the show, to be incompitant. Come on ted, let us know what's going on, if you know!!

charlie wrote: The Express like it http://www.wakefieldexpress.co.uk/news/Wakefield-Wildcats-just-avoid-going.5797989.jp a very unsurprisingly bleak view from the express. Whilste we don't know the ins and outs of it all, it seems to be a very brief way to cover what would probably be a quite complex situation, the usual express effort at journalism. As I'm always one for clarity, I think the club should come out with an in depth statement on the situation. Without one, well, where there's smoke there's fire!!!!!! Yet again we would be made to look a laughing stock, and the people running the show, to be incompitant. Come on ted, let us know what's going on, if you know!!

: Thu Nov 05, 2009 11:52 am  

charlie wrote: The Express like it http://www.wakefieldexpress.co.uk/news/Wakefield-Wildcats-just-avoid-going.5797989.jp That does it, 1 more reader lost to the Express. Always happy to print bad news about us but never anything good.

charlie wrote: The Express like it http://www.wakefieldexpress.co.uk/news/Wakefield-Wildcats-just-avoid-going.5797989.jp That does it, 1 more reader lost to the Express. Always happy to print bad news about us but never anything good.

: Thu Nov 05, 2009 11:53 am  

How about the Evening Post http://www.yorkshireeveningpost.co.uk/news/190k-tax-bill-windup-threat.5797274.jp

How about the Evening Post http://www.yorkshireeveningpost.co.uk/news/190k-tax-bill-windup-threat.5797274.jp

: Thu Nov 05, 2009 12:02 pm  

Why have we got Diane making comments about the situation???

I thought we recently appointed a new media manager to spin these situations.

: Thu Nov 05, 2009 12:14 pm  

This is bad news and no way to run a business. You pay your taxes before you take your money out for wages, salaries, dividends etc.

If I was a director I would stop paying myself and other directors until HMRC were paid off.

Scary that the club operate so close to the wire and HMRC are not to be messed with. They have wound many companies up before to get their money despite this not being in their own long term benefit.

Glas they seem to have arrnaged a payment plan.

: Thu Nov 05, 2009 12:14 pm  

That's a hell of an amount to rack up owed. As someone who knows little of the tax system, what is the source of this liability and how has it acquired to be so much? Was it from the sale of BV?

12 weeks to find £194K is a big ask even in the season, never mind the off season. It may just be covered by ST revenue.

When the Brough rumours initially surfaced I wondered if it had anything to do with the tax man.

: Thu Nov 05, 2009 12:23 pm  

Khlav Kalash wrote:

That's a hell of an amount to rack up owed. As someone who knows little of the tax system, what is the source of this liability and how has it acquired to be so much?

I would imagine that this debt comprises PAYE and National Insurance contributions related to the wages / salaries of its employees and perhaps output VAT collected on gate receipts and shop sales.

: Thu Nov 05, 2009 12:34 pm  

RJC wrote:

I would imagine that this debt comprises PAYE and National Insurance contributions related to the wages / salaries of its employees and perhaps output VAT collected on gate receipts and shop sales.

Many thanks.

Doesn't look good and it isn't good*. For all the hard work done over the time since the CVA the club is having it's name dragged through mud again. Time will tell if this puts off potential investors.

* I'm actually very surprised by the lack of troll contributions on this subject?