I know of at least one instance where this was not the case, and it came down to the value that was asked for!

Ted wants £2 million for the club

Not that I'm aware of.

Well he did in July anyway

I have heard this aswell but one quetionhat i have is what percentage of the shares does Ted currently own? is it almost 100% in which case it is only down to him or is it nearer 50%?

Not quite the GIVE away quoted by previous posters.

Not true either.

yes it is

Perhaps in July, not now though.

Either way I just hope it gets sorted sooner or later

I asked the question a while ago - how much would you have to put into the club to match Ted's shareholding? The answer, iirc, was around the 350K mark.

Does anyone know how many shares there are in the club?

Is he looking for £2m of investment and still give the shares away. That might be a different situation completely. Ted isn't going to see his club die, he is wanting to do whats best.

Ok, believe what you like



I have told you the true version, and would not have bothered to post at all if it was not.
There have been interested parties previously but not ones who filled the 2 conditions I mentioned earlier.

Wasn't a figure of £650k said to be the amount the bank needed as a guarantee back when Toppo and friends showed an interest.

After we stayed up on the last day at Salford in 2001 (during the CVA) the only way the RFL would allow us to stay in SL was if Ted personally guaranteed, to the tune of £650,000, that we could complete the following season.

That was the time of the meeting when Toppo and the several others wanted to take over the Club - can't remember exact figures but I think it was around £150,000 they had to invest between them.

Hence Ted rejected their approach for the reason I mentioned in my earlier post - they hadn't the money to secure the future of the Club.

At the meeting when Toppo, Geoff Wraith and another tried to get Ted out
Toppo asked Ted outright how much do you want to walk away
Ted's reply was £650000!!

Correct-although i thought it was £120,000.

I guess that you have Teds version of events and I have the investors version of events. The truth may lie somewhere between the two, but I have no reason to doubt what I have been told either!

The £650k is a requirement of the RFL/SL i believe.

If that is the case Big Al, who is guaranteeing this now. Is Ted still doing this?

Your mother

now please for god's sake can't you just do one.

I have no idea, if i can get down to BV today i'll ask for you.

Despite the fact that rugbyball is a bit of a tosspot, she does have a point. If one of the conditions of SL is that you must be backed to the value of £650k, who is? And is that why ted is now so keen to relinquish control?
Fair question mrs rugbyball!

It isn't a condition of SL ... but it was for us at that moment in time following the Pearman fiasco and we were in a CVA for 3 years.

The figure of £650,000 was our salary cap at that time - so Ted had to guarantee all players were paid till the end of the season to prevent the Club folding mid-season.