|
|
Rank | Posts | Team |
Player Coach | 4163 | No Team Selected |
Joined | Service | Reputation |
Feb 2009 | 16 years | |
Online | Last Post | Last Page |
Nov 2021 | Oct 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="PopTart"I have to say I have no love for Ted but I don't think he is a Pearman I just think he was not very good at running a club. He tried something that didn't work. He should have been more open with everyone but I'm not sure how dishonest he is.
I realise of course I might be being too charitable and the result in the end is the same unfortunately.'"
The fact he still didn't come clean about it when the shareholder meeting took place at the beginning of the month suggests to me that he was being dishonest. If he had made a genuine mistake, he could have at least tried to justify his logic.
I think people should stop trying to look at an alternative theory to all this, your helping the club write the press release that will no doubt appear on the website shortly saying how ted and the club were victims of the property and economic crash
|
|
|
Rank | Posts | Team |
International Chairman | 5392 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Jan 1970 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="Roonaldo6"Would have loved to, but I went into administration after the losses of Issue 2 !!
**But I created a new company, lent myself a few quid, and rented the paper that I am going to do Issue 3 to myself at a larger inflated price**.
I iz clvr after all !'"
No mate... you've just ripped yourself off.
U iz fik iz wot u iz.
Seriously... issue 3... it'll be a biggie... and you know it's now or never.
|
|
|
|
Rank | Posts | Team |
Player Coach | 5507 | No Team Selected |
Joined | Service | Reputation |
Jul 2005 | 19 years | |
Online | Last Post | Last Page |
Nov 2017 | Nov 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="RebelRebel"Did he?
You'll probably recall a few years ago (around the time the club was "sold"icon_wink.gif the rumours doing the rounds that Eric France and Sons wanted to buy the club. The general consensus then, amongst the vast majority of posters on here, I should add, was that this may not be such a good idea... because the one thing that everyone wanted at the time was the ownership of the stadium, i.e. the potential development land. Most people at the time were sure that with council backing, the Thornes Park stadium would go ahead, so for an outsider with, say, a million to spare, there was a big fat profit to be had from the sale of Belle Vue.
At the time, our chairman said that he wanted to make sure the ground was used for the benefit of the club, and said he wanted to put the ground in a trust. You [icould[/i argue (and I see you're very much the kind of floating voter who might be persuaded by this) that he bought the ground precisely to protect the club from the fate of being usurped for profit, even though he didn't have the money to do it himself, and thus went through this elaborate (to us) mechanism of the company in the IoM to conceal this actions. The club would pay rent to finance the interest on the loan to the Bank of Ireland, until such time as the ground could be sold and the loan repaid. The belief, as it existed at the time, that real estate would continue to soar in value, would protect the club from any loss incurred through the financing of the loan. With a stadium at Thornes Park, the club would have been debt free, with a million or more in the war chest, and a spanking new stadium to play out of.
My client has nothing further to add at this stage. Thank you.'"
So why did Wakefield not receive the full asking price?
|
|
|
Rank | Posts | Team |
Moderator | 21139 | No Team Selected |
Joined | Service | Reputation |
Oct 2008 | 16 years | |
Online | Last Post | Last Page |
Jan 2025 | Jan 2025 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
Moderator
|
| Quote ="Tricky2309"The fact he still didn't come clean about it when the shareholder meeting took place at the beginning of the month suggests to me that he was being dishonest. If he had made a genuine mistake, he could have at least tried to justify his logic.
I think people should stop trying to look at an alternative theory to all this, your helping the club write the press release that will no doubt appear on the website shortly saying how ted and the club were victims of the property and economic crash'"
Either way we are in the smelly poo. As you say it doesn't really matter what his intentions were, its gone too far for him to carry on.
|
|
|
Rank | Posts | Team |
Club Coach | 1942 | No Team Selected |
Joined | Service | Reputation |
May 2005 | 20 years | |
Online | Last Post | Last Page |
Apr 2016 | Sep 2015 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="RebelRebel"Did he?
You'll probably recall a few years ago (around the time the club was "sold"icon_wink.gif the rumours doing the rounds that Eric France and Sons wanted to buy the club. The general consensus then, amongst the vast majority of posters on here, I should add, was that this may not be such a good idea... because the one thing that everyone wanted at the time was the ownership of the stadium, i.e. the potential development land. Most people at the time were sure that with council backing, the Thornes Park stadium would go ahead, so for an outsider with, say, a million to spare, there was a big fat profit to be had from the sale of Belle Vue.
At the time, our chairman said that he wanted to make sure the ground was used for the benefit of the club, and said he wanted to put the ground in a trust. You [icould[/i argue (and I see you're very much the kind of floating voter who might be persuaded by this) that he bought the ground precisely to protect the club from the fate of being usurped for profit, even though he didn't have the money to do it himself, and thus went through this elaborate (to us) mechanism of the company in the IoM to conceal this actions. The club would pay rent to finance the interest on the loan to the Bank of Ireland, until such time as the ground could be sold and the loan repaid. The belief, as it existed at the time, that real estate would continue to soar in value, would protect the club from any loss incurred through the financing of the loan. With a stadium at Thornes Park, the club would have been debt free, with a million or more in the war chest, and a spanking new stadium to play out of.
My client has nothing further to add at this stage. Thank you.'"
He did put it in a Trust .His (Javine)
|
|
|
|
Rank | Posts | Team |
Club Coach | 4809 | No Team Selected |
Joined | Service | Reputation |
Jun 2005 | 20 years | |
Online | Last Post | Last Page |
Mar 2016 | Nov 2015 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="PopTart"I have to say I have no love for Ted but I don't think he is a Pearman I just think he was not very good at running a club. He tried something that didn't work. He should have been more open with everyone but I'm not sure how dishonest he is.
I realise of course I might be being too charitable and the result in the end is the same unfortunately.'"
Take this whole ground sale out of the equation, and you can still count the major errors under this regime. Employing a chief executive who was never fit for purpose, and is still on the payroll. Appointing Tony Smith as head coach when clearly not the man for the job, as his CV shows after leaving Belle Vue (hope his flats still earn him a few quid.) There's 2 anyway, and very little on the positive side of the ledger to balance that out.
|
|
|
Rank | Posts | Team |
International Chairman | 5392 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Jan 1970 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="t-r-i-n-i-t-y"Take this whole ground sale out of the equation, and you can still count the major errors under this regime. Employing a chief executive who was never fit for purpose, and is still on the payroll. Appointing Tony Smith as head coach when clearly not the man for the job, as his CV shows after leaving Belle Vue (hope his flats still earn him a few quid.) There's 2 anyway, and very little on the positive side of the ledger to balance that out.'" the signing of John Kear that kept us, we could of been down there now
|
|
|
Rank | Posts | Team |
International Chairman | 5392 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Jan 1970 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="Theboyem"So why did Wakefield not receive the full asking price?'"
Well if the Bank of Ireland operated like other European lending banks (not UK lending banks) at the time, even given the real estate market in Ireland, it would have factored in a percentage of the market value of the real estate (anything between 20-40%) in order to recoup its losses in the event of default. Presumably, what remained would have been the total money available to the club.
|
|
|
|
Rank | Posts | Team |
International Chairman | 5392 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Jan 1970 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="Tricky2309"I think people should stop trying to look at an alternative theory to all this, your helping the club write the press release that will no doubt appear on the website shortly saying how ted and the club were victims of the property and economic crash'"
And yet I take it you would champion the right to use message boards to voice opinion that challenges the mainstream?
I know - it was tongue in cheek - isn't it always?
|
|
|
Rank | Posts | Team |
Player Coach | 4163 | No Team Selected |
Joined | Service | Reputation |
Feb 2009 | 16 years | |
Online | Last Post | Last Page |
Nov 2021 | Oct 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="RebelRebel"And yet I take it you would champion the right to use message boards to voice opinion that challenges the mainstream?
I know - it was tongue in cheek - isn't it always?'"
Yes of course, but by now I think it would be clear that there is no plausible explanations for Ted's actions, other than "look after number 1 and family"
|
|
|
Rank | Posts | Team |
Player Coach | 4130 | No Team Selected |
Joined | Service | Reputation |
Aug 2007 | 17 years | |
Online | Last Post | Last Page |
Dec 2024 | Apr 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="PopTart"I have to say I have no love for Ted but I don't think he is a Pearman I just think he was not very good at running a club. He tried something that didn't work. He should have been more open with everyone but I'm not sure how dishonest he is.
I realise of course I might be being too charitable and the result in the end is the same unfortunately.'"
god i could scream are you all there in the head, ffs. grab your head and shake the bloody thing.
|
|
|
|
Rank | Posts | Team |
Player Coach | 8360 | No Team Selected |
Joined | Service | Reputation |
Nov 2005 | 19 years | |
Online | Last Post | Last Page |
Aug 2022 | Apr 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="snowie"the signing of John Kear that kept us, we could of been down there now'"
The fans signed Kear in all effect.
Remember that Sky game at home when we were commentating and I think Neil Fox recommended him too. IIRC he was not Ted's 1st choice.
|
|
|
Rank | Posts | Team |
International Chairman | 5392 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Jan 1970 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="mwildcats"The fans signed Kear in all effect.
Remember that Sky game at home when we were commentating and I think Neil Fox recommended him too. IIRC he was not Ted's 1st choice.'"
And yet here we are, a few years down the line, with all and sundry screaming for Kear to go. That old hindsight thingy again... isn't it wonderful?
If only we'd listened to Ted, eh, Mopsey? We wouldn't have Kear now.
|
|
|
Rank | Posts | Team |
International Board Member | 10547 | No Team Selected |
Joined | Service | Reputation |
Aug 2002 | 22 years | |
Online | Last Post | Last Page |
Jan 2025 | Jan 2025 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="RebelRebel"And yet here we are, a few years down the line, with all and sundry screaming for Kear to go. That old hindsight thingy again... isn't it wonderful?
If only we'd listened to Ted, eh, Mopsey? We wouldn't have Kear now.
'"
Mopsey isn't James Lowes, is he?
|
|
|
Rank | Posts | Team |
Moderator | 21139 | No Team Selected |
Joined | Service | Reputation |
Oct 2008 | 16 years | |
Online | Last Post | Last Page |
Jan 2025 | Jan 2025 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
Moderator
|
| Quote ="MOPSEY LIVES ON"god i could scream are you all there in the head, ffs. grab your head and shake the bloody thing.'"
Take a breath Mopsey. You do get wound up by some very trivial things.
|
|
|
Rank | Posts | Team |
Player Coach | 8360 | No Team Selected |
Joined | Service | Reputation |
Nov 2005 | 19 years | |
Online | Last Post | Last Page |
Aug 2022 | Apr 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="RebelRebel"And yet here we are, a few years down the line, with all and sundry screaming for Kear to go. That old hindsight thingy again... isn't it wonderful?
If only we'd listened to Ted, eh, Mopsey? We wouldn't have Kear now.
'"
Swings and Round abouts son.
Kear proved what he could do by getting us into playoffs finishing 6th. We got some decent players in tronc, newton and had brough and started the season like a top 4 finish was in order. Instead due to the imcompetent little turd of a chairman we had to sell brough, atkins, werent able to keep tronc, and sadly newton made a mistake. Kear then didn't do a good enough job with the players available but with BJ directing the team id worry for any club with him in.
Anyway back on topic...
Ted pack your bags, steal the stationary and off.
|
|
|
Rank | Posts | Team |
International Chairman | 5392 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Jan 1970 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Yes, back on topic, as you say.... funny how hindsight is a wonderful thing, son....
|
|
|
Rank | Posts | Team |
Player Coach | 641 | No Team Selected |
Joined | Service | Reputation |
Oct 2007 | 17 years | |
Online | Last Post | Last Page |
Sep 2013 | Sep 2013 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="Tricky2309"The fact he still didn't come clean about it when the shareholder meeting took place at the beginning of the month suggests to me that he was being dishonest. If he had made a genuine mistake, he could have at least tried to justify his logic.
I think people should stop trying to look at an alternative theory to all this, your helping the club write the press release that will no doubt appear on the website shortly saying how ted and the club were victims of the property and economic crash'"
Think he would have been lynched there and then, would have been fun to watch
|
|
|
Rank | Posts | Team |
Player Coach | 829 | No Team Selected |
Joined | Service | Reputation |
Mar 2008 | 17 years | |
Online | Last Post | Last Page |
Dec 2014 | Dec 2014 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Could do with an evening with event with ted on the panel
That would be a full house!
|
|
|
Rank | Posts | Team |
Player Coach | 24 | No Team Selected |
Joined | Service | Reputation |
Sep 2007 | 17 years | |
Online | Last Post | Last Page |
Mar 2017 | Mar 2014 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="Walrus"Could do with an evening with event with ted on the panel
That would be a full house!'"
Money spinner £1000 on the door
|
|
|
Rank | Posts | Team |
Club Coach | 552 | No Team Selected |
Joined | Service | Reputation |
May 2005 | 20 years | |
Online | Last Post | Last Page |
Feb 2023 | Mar 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Having read all of these pages i think everyone has done a pretty good job at deciphering where the ground went and why etc.
however in my opinion a couple of things have still not been fully investigated......
1) seen as though wakefield never got the money, what actually happenend to the £2million that the bank of ireland lent Tillion?
(my guess is flats in cyprus, or m&s suits..)
2) the op (original poster) has 1 post to his name, appears to support cas, and yet revealed this "bombshell" to the wakey fans. although i am thankful for him doing it, who is he and why?
3) what the chance of sir rodney walker giving ted a good reference, now it appears that he has lost his money to the tax man..??
over to you...
|
|
|
Rank | Posts | Team |
Player Coach | 909 | No Team Selected |
Joined | Service | Reputation |
Aug 2007 | 17 years | |
Online | Last Post | Last Page |
Oct 2013 | Oct 2013 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| It was very closely linked to the article in the rugby paper, so I think it may be conceivable there may be links there.
|
|
|
Rank | Posts | Team |
Player Coach | 9974 | No Team Selected |
Joined | Service | Reputation |
Feb 2009 | 16 years | |
Online | Last Post | Last Page |
Feb 2019 | Feb 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| it was also very well written, which to say the op claimed to be a cas fan is even more mysterious than where has ted trousered the dosh?!?!?!?!?
only joking
|
|
|
Rank | Posts | Team |
Player Coach | 909 | No Team Selected |
Joined | Service | Reputation |
Aug 2007 | 17 years | |
Online | Last Post | Last Page |
Oct 2013 | Oct 2013 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="kinleycat"it was also very well written, which to say the op claimed to be a cas fan is even more mysterious than where has ted trousered the dosh?!?!?!?!?
only joking
'"
Written almost 'journalistically' in fact.
|
|
|
Rank | Posts | Team |
International Board Member | 10547 | No Team Selected |
Joined | Service | Reputation |
Aug 2002 | 22 years | |
Online | Last Post | Last Page |
Jan 2025 | Jan 2025 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote ="Herbert Splatt"Written almost 'journalistically' in fact.'"
Wonder how many of the 100+ guests are actually journos getting their stories from here?
|
|
|
|
|