If there is one coach who can turn this negative into a positive it's John Kear. Wakefield previously had some great talent in the academy ranks who hadn't make it through to senior level. I know some left but if they blood these youngsters and allow them to have a no fear attitude there may be some shocks. After all Wakefield are the team to shock the big boys.

Yes but losing less than average nuffys like Millard Jeffries and Obst won't mean they are weaker, blessing in disguise.

Horrible what is going, best of luck to them.

It's a sad state of affairs. What happened with the buy-out? Was it really wealthy people or not? I also would think a few clubs have their eye on Josh Vievers.

Millard Gone To Catalans according to a text from Ron Hill ive just recieved

There was always a danger that the system would create a lame duck and that seems to be what has happened. If I was spirit of 1873 I'd be deeply disappointed that my options and opportunities had been so limited by the adminsitrators. Why cough up for a club that is being effectively liquidated and driven ever faster towards the championships? I'd be tempted to start over from scratch now.

Chances have gone from slim to vanishing.

I agree it's a terrible for the Wakefield fans. No supporter deserves this.

It will almost certainly leave them with more to build with

The administrators have no duty towards the failed business, the supporters or the potential buyers. Their duty is towards raising funds to pay the creditors. In this case, the business has a number of saleable assets (namely the players) that can be sold. In any other business it would be things like freehold property or plant and machinery for example.

If you buy a business coming out of administration you can't realistically expect it to emerge with the same assets it went into administration with.

Oh, absolutely. But there are different ways of securing value for the creditors. If I was So1873, I'd now be cutting what I was willing to pay the creditors by roughly the transfer fees received for Obst, Ferguson et al. Or saying f' it, go ahead and liquidise, there is nothing left worth saving. This may or may not be better for the creditors.

But isn't it shortsighted and irresponsible of the administrators to sell (presumably at knockdown prices) the most necessary assets that can allow the business to run as a going concern in the future?

It's like a t-shirt business going into administration, and the administrators selling off the printing machinery to rival manufacturers and paying some money to the creditors (minus substantial administration costs, of course). After which the business can't make any t-shirts.

The only legitimate reason for doing it is if the thinking is that the business, even with its most necessary assets intact, will *never* be profitable, so in effect it's not an administration it's a winding up.

That's just not true.

Look, the Administrators don;'t walk into a job like this with buckets full of cash, ready to pay wages, rent, rates, trade creditors etc. They are having to trade a loss-making business and have the costs associated with that, until such time as somebody decides to buy the club.

They can't sit around racking up costs and not having a plan to pay for them. What if all the proposed purchasers pull out? How do they pay salaries then?

They are taking these steps to pay for the process that could eventually save the club. No Administration, no Wakefield.

The administrator HAS to get the maximum amount of cash into any business to pay off creditors. If they get a "reasonable" offer for an asset of the business they will sell.

Whether it is good RL business is a different question.

It's happened before (Leeds screwed the Cougars), it's happening now and WILL happen again in the future.

I was wrong.

I assumed this was going to be a prepack.
Maybe it was with Parkin before he pulled out (what nasties maybe did the due dilligence uncover?) - dunno - but it clearly is not now, if indeed it ever was.

On that basis, God help the Wakey fans.

Crusaders didn't do too badly though.Went into administration in November and allegedly came out of administration on Christmas Eve.Much larger reported debt and still managed to sign players during that time and sold one player to Leeds.

But they promised to pay back their largest debt and had a ground to mortgage.

But wakefield don't just have one asset, they have several (i.e. 20-odd players), which individually aren't integral to the running of the business

Same thing happened to Fax when they went down.

The players could have said 'no'

Why would someone like Dale Ferguson turn down going to Hudds and stay at Wakey? I know where I'd rather be!

Aaron Murphy has, he's wanting to stay loyal to us



anyone who wants to go then just go, all i want is 17 that want to pull on the famous Red, White and Blue and go down fighting, that will do for me

Having been through some pretty grim times with London in all its guises, I've nothing but sympathy for the Wakey supporters - I don't have to imagine what they're going through, I know. To my ignorant mind the actions of the administrators seems a little odd - what's to stop the new potential owners deciding that too many assets have been stripped from the club so they're not interested any longer?

If they do think that then they aren't the right people to take over at Wakefield. 2 players have left the club, presumably for transfer fees. 2 players who, if the rumours are correct about contracts being valid for SL only, could (probably) leave for free at the end of the season anyway.
The new owners need to be in it for the long haul at Wakefield, which will probably involve 6 or 9 years in the Championship.

Did it? I dont think we went in to administration when we went down. Also im worried for Wakey as with Fax it was a good 10 or so games in to the season before players started leaving, obviously most had gone before the start of the season but the team that was on the field to start with was at least competitive for a few weeks.

Millard gone, confirmed

we aint gonna have anyone left by the weekend