Lets wait for something official from the club on last nights meeting, seems when posters on here in the past have given info they've been shot down "under the club puppy rulling thats applied when it suits" now the very same people want/demand that info from those same people.

No doubt the club will release the info ASAP.

I cannot tell you how many times I have informed the club of my address changes, I am 3 addresses away from when I originally bought shares and guess what last night they still had my address from the mid 90's despite being a season ticket holder with my current address.

Now the club is not perfect but this is basic stuff and the reason why as a shareholder I never get any information, the last round of share options never came to me. This aspect really disappoints me and as you say TRB make sure they have the correct details well I have and its still wrong. Rant over FAILURE IS NOT AN OPTION

How I saw it last night regarding the Options.

The club had several options that have had some initial preliminary work with "others".
The choices were put to the shareholders to see which of these options was prefered.
The board will now act on the prefered choice and will make things know once something concrete has been sorted, out of respect to the "others".

time for some of you to WAKE UP and smell the coffee, youll believe anything. got told sunday that groundshare was back on the agenda. ted and the BOD,

go kiss that ted

Ceejames might be browsing



only one of plans' b,c,and d will be used the other two are in place to confuse her

Our fate is in the hands of a BOD who appear to have no clue. If I am reading some of the posts on here correctly, we do not have a finalised plan B, even though we have been in discussions for 12 months. Sorry but this is simply bad planning/management yet again. There can be no excuses - all variations on timescales should have been discussed during the past 12 months.

Everything should have been finalised before the SOS decision was known, and an agreement in place with the other party to release a joint statement, if and when the "call in" was announced.

There still appears to have been no comment from the BOD has to how they plan to deal with the need for extra finance, be it through additional supporters or investors. When a business is in difficulty, it requires someone with leadership qualities and a clear idea of how to turn things around to cure the problem. Sadly, there is no one on the BOD who has either of these attributes.

I presume these financial issues mean the two rumoured signings going back to early December will now not materialise? This being the case the team are not going to have a chance of being competitive on the field with only 2 specialist experienced props, thus we are likely to lose more supporters, as the floating support wont come to watch a team being beaten every week. It also raises the question as to why signing props was not a priority over hookers and full backs.

Was there any need for for that childish little outburst? it appears that you and old tomboy feel a growing sense of your own importance on this matter because you were there, Your £100 has given you 10 minutes of fame on here enjoy while you can.

You are correct - there is a share option available and details will be sent out to all existing shareholders imminently. The gist is - are there 500 people willing to invest £1k to raise £500k and re-capitalise the club - by the 31st January. If that can be achieved - the BoD will resign en masse and offer new people the opportunity to step forward and take over the running of the club.

The money would be paid into an ESCO (?) account, which is a holding account, and should an insufficient amount be raised, then the money would automatically be returned. If the target is reached, the money will be converted into shares, with Ted's existing shares transferred into a Trust or similar.

Failure is not an option, although efforts continue to try and entice an investor into the club.

As a general comment, please do not confuse the frustration of not knowing details with bad management. The club are inbetween a rock and a hard place on these matters - they have been heavily criticised by many for not having a shareholders meeting, now they have and, quite rightly I'm afraid to say, the shareholders are entitled to first dibs on new details about the club - they do own it!

Those that were there were given an honest and full account of all the ongoings over recent months, which partly explained the delay in holding a shareholders meeting. We were told the details of 2 major investors (one is our sponsor) who spent weeks each going through the books and then surprising everyone by pulling out. Part of the reason for their withdrawal lies with the situation created by the RFL and Crusaders!

More energy needs to be directed as to why the new Welsh club have a £700k loan from the RFL, yet we were refused £350k - even when granted security against the NM site.

I'm not quite sure how or when the club will reveal more details from last nights meeting, but I've set the ball rolling here - maybe prematurely - so the question is - are we willing to pay up to secure RL in Wakefield and, for all those Ted bashers, here is your chance!

Frustrating as though I may find it by not knowing what the Plan B (C or D) is, the fact that TRB and Sandal Cat have pretty much outlined what was discussed without going into specifics settles my concerns a little.

There is a Plan B, the finances of it have been examined and are deemed to be viable should the club retain its SL license, and if they are unsuccessful then there is a possibility to stay at BV until NM is ready, which, in turn, is still a viable proposition should the club be in the Championship rather than SL. The only thing of concern is the lack of any confirmed information breeds speculation, which lends itself to supporters making their own mind up and turning their back on the club when they need them more than ever.

Truth be told what Sandal Cat and TRB have said perhaps would’ve been better served coming from the club. It wouldn’t have pleased everyone, but it’s still something for supporters to grasp onto and have a little hope for the future.

In answer to your question, as a Ted basher, I am willing to stump up a grand to get rid of him (and more importantly to secure the future of the club). Can you please let me know how I let the club have my details to ensure I receive the offer.

Also, if we don't get the GBP 500k by the end of the month, are you saying the club will go into administration?

Its an ESCROW account where the money will be deposited

I assume that was the reason for the reported bust up between Diane and the fat controller and if so well done Diane!

I'd like to see a bit more detail about how the RFL/Crusaders deal has scuppered the take over process.

I think the details will be up before too long and you can take it from there.

Thanks for the correction - I knew it was something like that!

No, Wakey's energy needs to be directed into securing the club's own future, not complaining about an expansion club's relationship with the RFL.

I can understand that the powers that be might not be able to fully announce details until fully finalised, surely though they can at least announce what there working on at the moment and perhaps a time scale. Why do we fans have to hear drips and drabs of infomation, third hand on the forum!?. Whats the purpose of the offical web page?.

I don't think you can seperate the two, in attempting to secure Wakefields future you surely have to question the RFLs inequality of treatment between Crusaders and Trinity not to mention Blackpool etc.

Classic example of why this game and the RFL are bent and corrupt. The RFL should be made to expain their decisions.

There is no way Crusaders will be demoted whilst they owe that kind of money. It makes a mockery of the game. It is no longer a game of who is good enough to survive in SL. Its about who the RFL want there!

Thanks once again for your input. lets be open and honest, i think we will struggle to get anywhere near that many to invest. i am quite alarmed at the part where 2 major investors pulled out after studying the clubs books. Are we in danger of going under?

I feel Jambons last point was 100% correct, so should we not be venting our frustratuion at S/L not the club?

The finances are not great - what's new - but that is not the sole reasoning behind the investors not going through with the deals - the amount required is well below any level which would cause any concern to those 2.

£500k - it's a lot of money to me and you, but to some it is nothing. There is a guy called Allum who has put £40m into Hull City recently - as his gift to the people of Hull! FFS, for that money you could buy the whole of SL!!!!!

Was it stated what %age of the limited company shares would potentially be represented by this £500K share offering? Would it still leave Ted Richardson as majority shareholder even if he stepped down from the board?

He would relinquish his shares - therefore the £500k would in effect control the club.

The two investors pulling out is based on the fact that unless SL is expanded we're odds on favourites to get kicked out, with Cas a close second. Crusaders seem to have a get out of jail free card so although it should be them we're the next in line.

Would you want to invest in a club who'd have the expenses of a SL one but playing in the NL? You might as well wait for it to go into admin then buy the whole club from the administrators with little or no debt and 100% ownership

Apologies for what is possibly a stupid question from an outsider, but what assets does the club have? The club doesn't own Belle Vue, right? You're not going to get someone buying the club to shut it down and take the land? How much of the debt is directors loans?

TRB

Have the club not considered offering various share amounts? Clearly, there will be fans who would be willing to put money in but not at a grand.

I think it is going to be a tough ask to get 500 people at the proposed level, but there maybe more able to pay smaller amounts (4 people paying 250 each is better than none of them contributing)