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| jesus how many more deals have been agreed to sell players by the administrators that we dont anything about yet.According to Look North tonight we could be in administration for up to 2 more weeks yet.Gonna be a long hard season
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| Quote ="gascat"jesus how many more deals have been agreed to sell players by the administrators that we dont anything about yet.According to Look North tonight we could be in administration for up to 2 more weeks yet.Gonna be a long hard season
'"
Its a total and utter joke. We won't have anything left by then. They might as well put us in the Championship now
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| I cant understand why we would be in administration for that long when it appears that the deal had been agreed and just needed signing off.
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| Quote ="altofts wildcat"I cant understand why we would be in administration for that long when it appears that the deal had been agreed and just needed signing off.'"
Gives everyone else longer to pick over the bones, makes the RFL's job easier when they boot us out.
Maybe someone can offer another reason.
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| If this is all part of the due process then Ted has shafted us one last time. We should have been put in admin weeks ago when it was clear the share scheme was a damp squib
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| Quote ="Tricky2309"If this is all part of the due process then Ted has shafted us one last time. We should have been put in admin weeks ago when it was clear the share scheme was a damp squib'"
Should maybe have gone into administration immediately, instead of putting the guilt trip onto the fans.
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| All this shows is that (unsurprisingly) the amount being paid for the club is less than the amount owed to the various creditors.
If the RFL are meeting this week to decide our points deduction when we haven't even exited administration (officially) and theoretically could see our debt reduced (or even cleared) after the deduction has been determined, it just shows how the people "in charge" of the game do not have the best interests of the game at heart. Regardless of the fact that there is clear double standards at the top of the game, how can it be considered "good business sense" to have the TV contract up for renewal at the same time as the game's senior figures need to be giving focus to the proper consideration of the franchise applications?
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| Quote ="Tricky2309"If this is all part of the due process then Ted has shafted us one last time. We should have been put in admin weeks ago when it was clear the share scheme was a damp squib'"
Quote ="Slugger McBatt"Should maybe have gone into administration immediately, instead of putting the guilt trip onto the fans.'"
Maybe, but IMO if we had gone into Administration in January the RFL would simply have booted us out of SL there & then. Yes, leaving the appointment of Administrators so late causes its own problems that we are just seeing now - but at least we get a full season in SL to stick two fingers up to Wood & Lewis when we still finish ahead of Catalans, Salford and a couple of others.
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| Quote ="RDM"Maybe, but IMO if we had gone into Administration in January the RFL would simply have booted us out of SL there & then. Yes, leaving the appointment of Administrators so late causes its own problems that we are just seeing now - but at least we get a full season in SL to stick two fingers up to Wood & Lewis when we still finish ahead of Catalans, Salford and a couple of others.'"
Sorry mate but if all the rumoured departures are true do you really think we will be finishing above two sides who will have a 3 win head start on us?
Ted should be ashamed of what he has done to our great club
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| Quote ="BIGAL1"Gives everyone else longer to pick over the bones, makes the RFL's job easier when they boot us out.
Maybe someone can offer another reason.'"
Because the old company owed money the new company has to come to agreement with the creditors, ie The Crown before the deal can be completed as to how much will be paid, this is not something that is likely to take 5 mins!
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| Quote ="wakeytom"Because the old company owed money the new company has to come to agreement with the creditors, ie The Crown before the deal can be completed as to how much will be paid, this is not something that is likely to take 5 mins!'"
I'll take your word for it Tom.
But the longer it goes on the harder it gets for us to field a team and the weaker we are the more fans we lose and the less games we win, end result is a weak club and a easy excuse (not the they need one)
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| Quote ="BIGAL1"I'll take your word for it Tom.
But the longer it goes on the harder it gets for us to field a team and the weaker we are the more fans we lose and the less games we win, end result is a weak club and a easy excuse (not the they need one)'"
its down to parkin running up bills im led to believe
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| Quote ="MOPSEY LIVES ON"its down to parkin running up bills im led to believe'"
We've ended up paying Parkins legal bills, jesus wept.
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en.wikipedia.org/wiki/Administration_(law)
This explains it to all those that do not realise why players etc will be sold, and why we cannot just come straight out of Admin, all creditors need to be satisfied otherwise the company will be wound up, and in effect end Trin!
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en.wikipedia.org/wiki/Administration_(law)
This explains it to all those that do not realise why players etc will be sold, and why we cannot just come straight out of Admin, all creditors need to be satisfied otherwise the company will be wound up, and in effect end Trin!
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| Quote ="BIGAL1"We've ended up paying Parkins legal bills, jesus wept.'"
It will be O'Hara's legal bills to have the club ready to be bought
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| Quote ="Tricky2309"Sorry mate but if all the rumoured departures are true do you really think we will be finishing above two sides who will have a 3 win head start on us?
Ted should be ashamed of what he has done to our great club'"
Having watched all 7 matches this weekend I thought that Catalans & Salford were both worse than us. The key to where we finish will be down to 2 issues - how quickly the RFL pull their fingers out to give the green light to Glover & what signings we're able to make once he's properly at the helm.
O'Hara's were the sensible choice of Administrator given that they'd just dealt with Crusdaers, but the longer this drags on the more I suspect that there's some very obstructuve behaviour going on at Red Hall.
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| Quote ="wakeytom"en.wikipedia.org/wiki/Administration_(law)
This explains it to all those that do not realise why players etc will be sold, and why we cannot just come straight out of Admin, all creditors need to be satisfied otherwise the company will be wound up, and in effect end Trin!'"
so the main creditor is ted. or the taxman
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| Quote ="BIGAL1"We've ended up paying Parkins legal bills, jesus wept.'"
If thats the case the least Parkin can do is pay them, not as if he is short of cash is it
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| Quote ="MOPSEY LIVES ON"so the main creditor is ted. or the taxman'"
Yes, unless you have seen the accounts you cannot be sure, but the main party which will be hard to agree I suspect would be the crown
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| Quote ="MOPSEY LIVES ON"so the main creditor is ted. or the taxman'"
surely he also owes us money for the ground. if it was sold for £2.8 million we only received £1.7 and now we are paying rent to play there , if we still have a team. Fergy, Murphy, Jeffies, Obst and Millard all gone allegedly
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| Quote ="MOPSEY LIVES ON"so the main creditor is ted. or the taxman'"
About £500k to HMRC, £164k to Sir Rodney Walker & a few smaller sums to other "Trade Creditors". Nothing owing to Ted.
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| Quote ="RDM"About £500k to HMRC, £164k to Sir Rodney Walker & a few smaller sums to other "Trade Creditors". Nothing owing to Ted.'"
How the feck can we still owe 500k to the taxman. We must have never paid any.
The previous management of the club was a disgrace and please I dont want to hear anyone telling me if it werent for Ted we would be gone, the man is a joke (I wouldnt trust him to run a car boot sale)
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| Quote ="feline"surely he also owes us money for the ground. if it was sold for £2.8 million we only received £1.7 and now we are paying rent to play there , if we still have a team. Fergy, Murphy, Jeffies, Obst and Millard all gone allegedly'"
If Tillion has gone under (or is on the verge of it) resulting in the appointment on the LPA Receiver then the Administrator would need to battle it out with them to get something from the sale to whoever ends up with BV. The only saving grace is that WTRLFC Ltd retained a legal charge over the ground, but this ranks behind the charge that Bank of Ireland have got.
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| Jese this is so depressing it kills me, it really does....surely the RFL need to see what is happening....We cannot compete in superleague if they allow this to carry on - we will be slaughtered...
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| Quote ="Tricky2309"How the feck can we still owe 500k to the taxman. We must have never paid any.
The previous management of the club was a disgrace and please I dont want to hear anyone telling me if it werent for Ted we would be gone, the man is a joke (I wouldnt trust him to run a car boot sale)'"
The winding up petition that SRW paid off was served in July 2010. There was little point in paying the amount that subsequently became due when HMRC was trying to shut us down for what was already outstanding (not that the club had the money to pay it anyway) so by the time SRW paid off the £164k we'd run up a further £350k or so that was going to be covered by the payment plan that HMRC then ripped up.
The rest is what subsequently accrued from November to January. £500k is probably a bit on the high side, but it will definitely be above £400k.
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