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| Quote ="Speedy"Yes they do, but it doesnt stop the HRMC going for it, if they are the major creditor ie 25% or more then im afaraid they have the call, and if they want to wind it up, then they can by stopping a CVA. The admin has then no option,'" yes but more likely to want to work with a new owner than just close it,
the new owner would have to have some good business history
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| Quote ="J.T"If they weren't then my support would be nil and void.'" me too,
on the risk knowing how the club was retailing just after last season I held back to the final day before buying them and then used the visa which protects goods bought, don't want to make the claim but the option is there
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| Quote ="snowie"I would expect new owners to at least honour them as it wouldn't look too good with the fans but they could be null and void,
I paid £350 for a family ones'"
A similar thing happened with the Sheffield Steelers over the summer. Season tickets, though the money had gone, were honoured by the new owners.
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| Quote ="t-r-i-n-i-t-y"A similar thing happened with the Sheffield Steelers over the summer. Season tickets, though the money had gone, were honoured by the new owners.'"
It would be a huge risk for a new board to not honour existing season tickets especially given the small take up anyway. How many 'new' season tickets would they be likely to sell? Not that it's a major concern just yet but it's an interesting point.
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Club Owner | 33944 | No Team Selected |
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| I see it as inconceivable that you don't play SL this year given how late it now is , although most likely it will need some input from the RFL
If that was the case then the Championship in 2012 also seems inevitable , the most important thing then would be to remain at BV if at all possible , to run in the Championship at max SC level without extra input you need to pull in around 3,000 fans in your own ground , or at least a ground you control and retain income streams without paying massive rent
You will be welcomed down here if that's were you end up
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| the marketing of a restructured club is critical to who ever takes over (if it happens) as they would have to regain the confidence of the supporter
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| Quote ="Starbug"I see it as inconceivable that you don't play SL this year given how late it now is , although most likely it will need some input from the RFL
If that was the case then the Championship in 2012 also seems inevitable , the most important thing then would be to remain at BV if at all possible , to run in the Championship at max SC level without extra input you need to pull in around 3,000 fans in your own ground , or at least a ground you control and retain income streams without paying massive rent
=#FF0000You will be welcomed down here if that's were you end up'" were not ground sharing
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| I wouldn't be surprised to see your crowd numbers increase this coming season.
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| with what i have heard today we may end up ground sharing eventually but not with a rugby team.
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| Quote ="Disney cat"Not up on all this but if the club went into admin before the season started would all season tickets be nil & void
'"
If you look at the deal to take Crusaders out of Administration the existing season tickets were honoured by the new management.
As has already been suggested, any new owner would be playing with fire if they didn't honour the season tickets that had already been sold. IMO that would not just be with those who already have their season tickets, but with those fans who don't - I haven't got a season ticket as I can't make it to enough matches for it to be worthwhile, but I would not spend any more money with the club if any new owner didn't stand by the good faith demonstrated by the fans who already have their season tickets.
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| I just want the 2nd of Feb to come one decision I have made is to stay away and spend nothing in the shop etc until we are rid of any connection to Ted Richardson and Rodgerson/Maskill. Only then will I return.
I would also hope they never have the brass neck to even step foot in the ground again not even to sell a program.
They have blamed everybody for the bloody mess this great club is in everybody other than the real villains the ones who sit in the board room.
As for Kear/Stevenson and Elson they deserve a bloody medal
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| Quote ="GET EM ON SIDE REF"I just want the 2nd of Feb to come one decision I have made is to stay away and spend nothing in the shop etc until we are rid of any connection to Ted Richardson and Rodgerson/Maskill. Only then will I return.
I would also hope they never have the brass neck to even step foot in the ground again not even to sell a program.
They have blamed everybody for the bloody mess this great club is in everybody other than the real villains the ones who sit in the board room.
As for Kear/Stevenson and Elson they deserve a bloody medal'"
The 2nd Feb is the date of the Court Hearing. I think you will have some news during next week.
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| Quote ="snowie"the marketing of a restructured club is critical to who ever takes over (if it happens) as they would have to regain the confidence of the supporter'"
TBH mate, a new beginning may be the best bit of marketing available.
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| I voted No and not because I want to see the club fold; neither do I wish to see the current BoD continue to pull the club further into this current abyss.
Maybe it's the way I was brought up but the idea of taking individuals & business for monies & services provided in good faith does not sit well with me.
Imagine if you were one of the debtors (and no I am not one) then how would you feel. Would you deal with a new club whatever there name or structure? Call the club what you want but repairing the good name and standing would not be easy.
Administration seems to be inevitable but It does not sit well with me and I loath the people who have put us in this position.
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| Good post sir, however we will and we will be better for it, but your sentiment is 100% right, unfortunately for us and our creditors we can't afford the sentiment.
If I was any kind of business, in that line of work, I wouldn't have touched is with a barge pole over the last few years.
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| Quote ="RDM"What the club needs is a clean slate & a fresh ownership structure. The only way this can be achieved is through a period of Administration, even though it virtually seals our fate as far as July's decision over SL franchises go.'" Although looking at it Admin is going to be your only real option it has to be said that Admin could be well the beginning of the end cause if no one takes the club on they will liquidate you unfotunately.
Some seem to think its gunna be easy as if Admin is some kind of sliver bullet.
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| Quote ="Bluedog Reborn"I voted No and not because I want to see the club fold; neither do I wish to see the current BoD continue to pull the club further into this current abyss.
Maybe it's the way I was brought up but the idea of taking individuals & business for monies & services provided in good faith does not sit well with me.
Imagine if you were one of the debtors (and no I am not one) then how would you feel. Would you deal with a new club whatever there name or structure? Call the club what you want but repairing the good name and standing would not be easy.
Administration seems to be inevitable but It does not sit well with me and I loath the people who have put us in this position.'"
I totally agree with you but it seems unavoidable and that sadly will mean that people will lose money which is a disgrace.
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| Quote ="Roverswall"Although looking at it Admin is going to be your only real option it has to be said that Admin could be well the beginning of the end cause if no one takes the club on they will liquidate you unfotunately.'"
We may be liquidated, but, whatever happens, it's a fresh start and that is really what the club has needed for a long time.
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| Quote ="Roverswall"Although looking at it Admin is going to be your only real option it has to be said that Admin could be well the beginning of the end cause if no one takes the club on they will liquidate you unfotunately.
Some seem to think its gunna be easy as if Admin is some kind of sliver bullet.'"
I know very well that liquidation is a risk of Administration, in the current situation Administration is still very likely. From a business perspective, anyone buying the club would certainly prefer to have a clean slate to start with in terms of the club's previous debts - the creditors would get a reasonable deal from the purchase price being paid to the Administrator.
A sale of the existing business is still possible, but with the imminent winding up order (which IMO would be likely to be granted & would see the club closed down immediately) Administration gives everyone involved the proper amount of time to complete the necessary due diligence.
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| Quote the creditors would get a reasonable deal from the purchase price being paid to the Administrator.
'"
If you do go into administration spare a thought for the business (not the tax man) who are owed large amounts of money who are offered 5p for every pound owed. Whilst you may think these things happen how would you feel if you were to arrive at your place of work to find out that they were owed a considerable amount from a company which had chose to take the aministration/liquidation route and as a result of this loss of income you and your work colleagues were being laid off.
I'm not saying that administration isn't right for the club i'm just saying spare a thought for the small local business who are owed money by wakefield and as a result may see there own business go under.
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| Quote ="tropical1"If you do go into administration spare a thought for the business (not the tax man) who are owed large amounts of money who are offered 5p for every pound owed. Whilst you may think these things happen how would you feel if you were to arrive at your place of work to find out that they were owed a considerable amount from a company which had chose to take the aministration/liquidation route and as a result of this loss of income you and your work colleagues were being laid off.
I'm not saying that administration isn't right for the club i'm just saying spare a thought for the small local business who are owed money by wakefield and as a result may see there own business go under.'"
I certainly would have sympathy for anyone who is owed money and loses out. However, I would like to think that given how bad a payer we are likely to have been under Ted over the years and with the tax issues recently, that most businesses (and certainly those who can't afford to stand the loss) would have insisted on payment up front before providing the club with any goods/services.
Please note however, that there have been some major players in the Building Services industry such as ROK and Connaught who have gone bump recently owing businesses significantly more money than Wakey could ever dream to owe.
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| snd if the business is wound up and liquidated, as a result of the HMRC petition ... crefitors will also lose out. If rhe choice is between administration and liquidation, then there's no choice.
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| Quote ="northernersgame"i agree, and to compound the argument I hope it will mean we will get rid of you, until you hear something you do not like from new management and you harp on again.'"
your vasty pants.
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| Quote ="tb"snd if the business is wound up and liquidated, as a result of the HMRC petition ... crefitors will also lose out. If rhe choice is between administration and liquidation, then there's no choice.'"
No kidding Sherlock!
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| but it was ok for lufc and crusaders and all the other businesses who have taken that way out!!!
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