The administrator has certain legal responsibilities and one of them is to try and sell the club (company) as a going concern. Any money they get from a sale and any other avenues they will pursue to realise outstanding monies and assets will be will done. The company and players are only worth what someone is willing to pay and that won't be much. What did they buy back Crusaders for, was it £19k?

So the answer is, their job is to raise as much money as they can and that will be up to them what they do to do that and with what, but I suspect the club will be sold for a small sum of money and then yes, the buyer has a clean slate and any creditors, including HMRC will get a portion of remaining monies after the administrator, bank and any other preferential creditors are paid... which I suspect means they will get nothing!

I agree with IA - that's what I think will happen too.

As for the BoD - I don't think they have anything startling up their sleeves, other than a desperate desire to get the debts discharged so they can walk away scot-free, which clearly isn't going to happen.

If 500 of you put £1000 each in my account then i'll leave the country, sorry bad joke.


It begs the question, could it be acheived?

what will happen to belle vue,has far has i know their is a contract with carla homes which at the moment wakefield has had half the money with the rest to paid on the club finding a new home,would going into administration throw all this into doubt or would the creditors do a deal with carla homes to try and recoup some of the monies outstanding.it opens up a new can of worms if the administrator see`s belle vue has a remaining asset,i just cant see the administrator righting off all the debts when their is an exsisting deal on the table which could recoup some money.

sad news but its not the end its a new begining and a fresh start.

also we will lose the name

I doubt that, the name of the limited company is not Wakefield Trinity or Wakefield Trinity Wilcats

Hope you don't breed, god help us if you do.

Is that money not with A Wright, therefore not at risk

Your wasting your time mate!!!!!!

if youd of put your a waste of time mate you wouldnt of been far wrong.

WTRLFC (2011) Ltd. seems about right....or whatever we can call it as I'm sure there's some rule about the business name being different from the old one. Club will still be Wakefield Trinity, the company that controls it can be whatever it wants to be. Trinity Rugby Ltd. there's another one.

Totally agree start the process now. The sooner it is started, the sooner we can hopefully start to move forward to new owners and a much brighter future.

HMRC ripped up the agreement when Crusaders went into Administration before we could pay a penny of what we had agreed.

The agreement covered what had accurued since the previous petition (paid off by SRW) had been made in July. Before anyone starts criticising the club too much about further money accruing to HMRC, they should first try to answer where the business sense is in paying money to someone for what is owed now when they are trying to close you down for money you already owe them?

The club did the right thing in arranging a payment plan and though they can be blamed for many things, blaming them for Crusaders going into Administration would be a bit harsh.

IMO the hearing won't happen as Administrators will be appointed on either 31 Jan or 1 Feb depending on the final total raised.

So why do the Crusaders supposedly owe the RFL 700K, payable through SKY monies over a 4 or 10 year period, depending on who you believe? Would the RFL be entitled to their money back before HMRC?

Surely it's not a question of any new owner starting with a clean slate. It's a question of buying the club at a price that allows you to factor in existing debt.

I think that's what hacked HMRC off, the fact that other creditors lost out yet the RFL was able to somehow protect their own interests.

The RFL loan was to the "new" Crusaders rather than the company that went into Administration.

If the new business goes bust while the RFL loan is outstanding, the RFL will get their money back as they've taken a charge over the Racecourse Ground and would therefore be classed as a "secured" creditor rather than HMRC who are "unsecured" along with any other supplier that might be owed money.

because the RFL was able to enforce it as a condition of gaining membership of the rfl which the crusaders needed

So the old Crusaders had no assets that could be realised, the new Crusaders do?

Where do we stand then, with administration and Belle Vue?

Perhaps HMRC should ask football to get rid of their 'preferential creditors' rule, which will cost them far more money than if it happened in rugby league, or any other sport for that matter.

should read

You'd put you're a waste of time....

I see your literacy skills match you rugby coaching ability

The ground was sold to Cala, although Yorkcourt are now in the process of taking it off Cala's hands for what would be a final payment to WT of £350k.

The simple answer is that it's a problem for the Administrator to sort out!!!

Could someone please explain its probably been said elsewhere, how come we owe HMRC ? I thought Rodney Walker paid the debt off.

Previously answered

I appreciate the replies, RDM, so please don't take this questioning the wrong way.

BUT

I think most people on here were under the impression that we'd sold the ground to Gala and were still due half the amount in final settlement. Are you saying that in fact, all that is still outstanding from the sale of Belle Vue is 350K?

It probably is for the administrator to sort out, as you say.

does this mean we will be playing super league this year or not? i hope my catalan trip is not going to be spent in a bar in spain!!!