Re: Wakefield up for sale : Mon Sep 06, 2010 10:45 am  

Could be the making of Wakey, on the other hand it could be the beginning of the end. What I'd be concerned about if I was a Wakey fan would be the precedent the RFL set with Widnes. Despite having a flush new owner, they took into account the financial mismanagement of the previous administration and used that as an excuse to keep them in the Championship. I guess we'll all have to wait and see.

I'd be surprised if anyone took them on before the new stadium had got the green light though.

Re: Wakefield up for sale : Mon Sep 06, 2010 11:28 am  

It sounds (Sadly) to me like they are screwed! Why are the trying to step down when a new stadium is on the horizon? They know something the fans don't

Re: Wakefield up for sale : Mon Sep 06, 2010 11:34 am  

No Ted Richardson has jumped because of the rfl rules of owners being in a IVA.

If they get the green light on Newmarket i would expect some interest in Ted's stake.

Re: Wakefield up for sale : Mon Sep 06, 2010 12:22 pm  

Sandal Wild Cat wrote:

A solid initial investment into the current squad of 1M could do wonders if spent correctly and IMO could easily be recouped at NM with a successful team over a stable 3 year period.- exactly what Salford are doing.

There lies the problem would it be spent correctly and that goes for the loonies at cas too, they cant handle the pennies we have now so a million, jeeeeze another viv nicholson type scenario looms

Re: Wakefield up for sale : Mon Sep 06, 2010 1:33 pm  

It doesn't happen often but (shock-horror) I agree with every word there mate!

Me and the old man said exactly the same on Saturday whilst watching the double header on Sky.
My solution would be to have a consultant to advise. Put it this way; Let's imagine it was me who bought the club, I paid £X for the club from Ted and gave my coach another £X to spend on the squad. As I have no experince of owning & running a Super League club (not knowing going rates, contractual obligations and customs) I would hire an outside advisor to inform me before I rubber stamped any transfers.
If Jonathan France were to buy the club I would hope he would do the same.

My solution to this problem (purely as an outside advisor regarding transfers) Phil Clarke.

Re: Wakefield up for sale : Mon Sep 06, 2010 5:07 pm  

Gazemous wrote:

the financial mismanagement of the previous administration and used that as an excuse to keep them in the Championship. I guess we'll all have to wait and see.

Are you suggesting there's been some financial mismanagement at Wakefield? Is this an accusation or do you know something we don't?

Re: Wakefield up for sale : Mon Sep 06, 2010 5:32 pm  

duke street 10 wrote:

No Ted Richardson has jumped because of the rfl rules of owners being in a IVA.

If they get the green light on Newmarket i would expect some interest in Ted's stake.

Correct on both counts.

Re: Wakefield up for sale : Mon Sep 06, 2010 11:03 pm  

In George Riley's blog it says the IVA prevents him from being on the BoD. Doesn't that mean he can still be a shareholder or am I misinterpreting it? http://www.bbc.co.uk/blogs/georgeriley/ ... tml?page=2

In George Riley's blog it says the IVA prevents him from being on the BoD. Doesn't that mean he can still be a shareholder or am I misinterpreting it? http://www.bbc.co.uk/blogs/georgeriley/ ... tml?page=2

Re: Wakefield up for sale : Tue Sep 07, 2010 5:33 am  

Fully wrote: In George Riley's blog it says the IVA prevents him from being on the BoD. Doesn't that mean he can still be a shareholder or am I misinterpreting it? http://www.bbc.co.uk/blogs/georgeriley/ ... tml?page=2 Well someones gonna get some nice flats very cheap

Fully wrote: In George Riley's blog it says the IVA prevents him from being on the BoD. Doesn't that mean he can still be a shareholder or am I misinterpreting it? http://www.bbc.co.uk/blogs/georgeriley/ ... tml?page=2 Well someones gonna get some nice flats very cheap

Re: Wakefield up for sale : Tue Sep 07, 2010 12:45 pm  

Fully wrote: In George Riley's blog it says the IVA prevents him from being on the BoD. Doesn't that mean he can still be a shareholder or am I misinterpreting it? http://www.bbc.co.uk/blogs/georgeriley/ ... tml?page=2 he can still be a director of a company,as long as he hasn't been declared bankrupt,or insolvent,which with an iva,means neither.it's just the rfl rules,around this. how is cas plans for a stadium coming on?

Fully wrote: In George Riley's blog it says the IVA prevents him from being on the BoD. Doesn't that mean he can still be a shareholder or am I misinterpreting it? http://www.bbc.co.uk/blogs/georgeriley/ ... tml?page=2 he can still be a director of a company,as long as he hasn't been declared bankrupt,or insolvent,which with an iva,means neither.it's just the rfl rules,around this. how is cas plans for a stadium coming on?