https://www.wakefieldexpress.co.uk/news ... al-3060957

https://www.wakefieldexpress.co.uk/news ... al-3060957

Worrying

To me, that looks like re-cycled news. Whatever the situation it's highly unlikely that the club could be in the wrong, It's not a crime to pay over the odds for something when you need to buy it more than the seller needs to sell it.



I suspect it has everything to do with Mani and his activities whilst owning the ground rather than Trinity's purchase or anything that they intend to do.



Unless Trinity bought it with dodgy money and I suppose nothing is impossible if highly unlikely it's an issue in the past as far as I can see. We simply couldn't have got a mortgage had anyone else had a call on it. That's my understanding anyway.



Still, the fun never stops

Probably best not to speculate.



We know now that we bought the ground from a dodgy geezer, who acquired the site initially using money from dodgy sources. That appears to be beyond doubt.



Equally, an organisation called Local Democracy Services or whatever is making waves about the money spent, although it was pointed out that although the site was only worth half of what we paid at the time of the purchase, the value of it to Mannie was what we paid as he was valuing it on the basis of it being redeveloped.



My only worry is that it will delay the development of the ground, not that it will wreck anything. If you undo all the purchases, it will merely go back into the hands of the Bank of Ireland, who would merely sell it again, and it's value at the time they sold it was peanuts compared to what it was eventually sold for by Manni.



If the police receive information, they have to look at it, even if it is nonsense.

The more the authorities look into this the more worried a certain ex council leader might become. The only impact on the club i would see is having their pants pulled down on the price. The sale to 88m would have been legit,maybe the BOI needed more due diligence when understanding where Manni's funds had come from.

Any purchase with public funding/money should carry a high level of due diligence, I guess the question is where that responsibility lies in this case.

Like Slugger says, slowing our work down is the big concern. We are unlikely to get any money back so that bit is down to Manni being investigated and paying fines.

Think this post should be under .Made me laugh .After what Yorkcort and some members of Wakefield Council got up to in the saga of the Stadium .One rule for some one rule for another

Interesting timing for “new evidence” after all this time and directly after planning has been put in.



We will have to wait and see what comes from the investigation.

I find it difficult to believe, that any one connected to Trinity, would have a spare £600,000, to pass onto Manni. Had that money been available at that time, then that person would have been able to purchase BV, as the speculation was, Manni paid BOI, £600,000 for BV.

It is a worry though, any delay to the time frame outlined by John Minards two weeks ago, would seriously impact on our SL status, if SL franchises return, as I believe it Will, in the next couple of years.

Strikes me as a bit more than coincidence. This is the second time within a few weeks, that serious attempts to destabilise our club has been made. A few weeks agit was a player revolt against our coach/management, and now corruption over the purchase of BV. I just hope any investigations bring everything about this sorry saga to light.

You get the feeling that some of the same "dark forces" that seem to have worked against Trinity for the last 10 years or so, are at it again.

Is there anyone who can tell us just who has raised the issue. is it a member of the public or, has it come from within the council ?



So many other clubs have had their respective local authorities helping them to deliver new stadia for their local clubs but, we seem to have the absolute bloody opposite.

The bottom line is if we did nothing wrong then this will be concluded fairly quickly. With regards the money provided by the council this was a loan and not a grant so providing the terms are being met and are legal which one would expect they will be then the local taxpayers will have no reason to raise any concerns.

The only concern would be why pay double the actual worth, one would expect that they had advice on this but then again this will have been covered under the initial investigation.

I actually think this is a positive piece of news. The club can show it acted well and with the support of the local authority. We all know that several companies abd people are likely to be questioned around this. Only thing I can see is positives from this that if we paid over the odds then the investigation will hopefully turn up why we had to do so & the whole deal might be looked at again.

As Slugger pointed out we know we paid over the odds, he had us over a barrel but we knew that.



We clearly needed the ground to move this latest plan forward and he knew that.



The real question is why Box advised us not to buy it from the BOI when he must of known what was going to happen. It defies logic that he didn’t know that NM would collapse and that we should most definitely have purchased it at 600 k.



Who knows it could be the club whose sniffed something out and made the complaint! I have no idea if that’s the case by the way just pondering.



We all know some very dodgy stuff has happened and it started the moment Yorkcourt became involved, coincidence? I couldn’t say.

May be wrong, but I thought it was Sir RMW that advised the Club not to buy the ground off the BoI.

And is it true Sir MRS was some thing to do with Yorkcourt shares or something

I believe that Vasty is right and it WAS Box who advised the club not to bid.

I still can't understand why, no matter who advised us not to buy, we didn't bid. Its just not logical.

The only reason I would really understand is if for some reason we were not capable of raising the funds at that time.

I suppose if you are a club that is traditionally strapped for cash and someone says, "don't worry, son, put your six hundred thousand away, it's all in hand, but stay out of it so as not to muddy the waters", you'll do as advised.



Until it turns out that the water was really muddy ...

While not knowing all the ins and outs of the negotiations in question did the advisor act in a professional capacity

If so did he declare any other interests and was the advice professionally delivered in the best interest of Wakefield Trinity.

Could the rugby club realistically make a claim against the adviser.

Would love to know why SRW advised us not to bid as it would push up the price.

We didn't bid and the price went through the roof.

Seems very strange that we did not put in a single bid around the £600k mark to test the water.

I don't know if it was a sealed bid auction, open auction, or just a standard sale procedure, but if one of the parties purports to be acting on your behalf and you put in a bid of your own, you end up bidding against yourself.

Not really, not if someone’s offering you an alternative that they have no intention of actually providing. Come on PT even you’ve heard of lying?



In fairness I agree I would have bought it but I’ve been getting lied to by Box since I first met him in 2006! MC a new boy by comparison with no connection to the previous attempts to get a deal. I bet he would now.



Not wanting to spend another mans cash but if he’d bought it himself he’d not have lost on the deal.

Can’t see a problem for us, don’t see how it can slow thplanning process. Like a previous poster mentioned may even turn out to be a good thing.

I get that someone can lie. That's the point.

Why would you make a business decision on just someone's word.



And I can't even guess what reason was suggested for letting someone else buy it. They were never going to sell it to you for the same price.

It's not hindsight. Clearly there must be something else to it but from the info in public domain its a mistake.