not to put anyone in any trouble,i will not release names,but a friend of mine,who is company secretary for a ''local'' business,says her boss has tendered his ''families'' interest in taking over wakefield,on the basis,that the current board,ALL leave,and that ''they'' gain a 100% shareholding in the club.they have asked for access to the clubs accounts.personally i don't know a lot about them,but my friend says they are nice and honest people.don't know what any of you lot know on this,but i hope you get sorted out,as we enjoy visit's to your place.

Sounds like the France family to me, we all know there has been interst in the past and that one of the conditions of them buying the club was that Ted and family leave.

I sit here with my shares waiting for the call to be bought out…100% control of the club sounds a dangerous was to go down, not that it's much different to 'the family' owning the controlling share now.

your not far away there!!!!! from what i have been told,they expect to be able to have an offer accepted,below the price indicated by the current board,which is pretty obvious!!! my friend sent me a text earlier,saying that the ''family'' are in a important business meeting away from the company premises.

she seems to think it sounds quite promising.

I am a shareholder of the club, all be it very minor but shareholder all the same. Where would this leave me with my shares?

I suppose it depends on how much of the club any potential investors want to buy, if he just wants to buy out the majority shareholder then you keep hold of your shares, if they want 100% of it then I'm sure a paltry offer will be made to the many smaller shareholders.

Of course if they buy out the majority shareholder and who happens to own over a certain percentage (90%?) then the new investor will be forced to purchase the remaining shares.

Jimmyfivebellies - you've not really done well in keeping the name of your friend secret when revealing their job title and all but confirming who they work for!

If somebody buys a certain percentage of a business ( i can't remember the exact amount) then they are obliged by law to make an offer for the remaining shares.

I think Jonathan France would be a superb new owner of the club!

He's a local man and has what now amounts to a long term interest in buying Wakefield Trinity, I'm sure he's spent enough time around the club and in the company of its employees to have a decent view on what’s good and bad about the place.

He can also call on the knowledge of Steve Ferres for further insight into people and processes at the club.

His financial commitment is unquestionable when it comes to backing his sporting assets and he will mix and rub shoulders with people who are of the same ilk and affluence as himself. That may lead to further investment from other parties at some point in the future!

I would hope that he's not the only potential new owner but if he were I wouldn’t be disappointed.

But what about his ties with Dewsbury ? Is he allowed to take over whilst sill sponsoring and having the ground name after them too at the Rams ?

My only concern with France is the way he pulled out of the Embassy Racing Team when money got tight. I only hope if he were successful in becoming the new owner, his commitment would extend beyond what was shown towards the racing team. RL clubs have a habit of crapping money away unless you are getting regular 12K+ attendances.

Trinity are an awful long way from that, and whoever comes in will have to be ready to stump up possibly hundreds of thousands of pounds per year until the club reach such a level.

His commitment to backing Embassy Team Racing, his own team, ran into the millions but like many other companies he pulled out when the recession hit.

Working from memory alone there were about 4 other backers/teams from the same competition that took the same decision to pull out as JF.

There were multi £million backers in the F1 circuit that made the same decision it wasn’t through lack of commitment but (ahem. . . Cough) financial prudence.

30%

If rumours are to be believed then shareholders should expect to hear something soon.

Really? So little? I always thought it was nearer the 90% mark.

I believe that's nearer the mark.

IF this is true, then i will think very carefully before selling my shares. i do not mind whoever it is having full control of the club by percentage, but one person owning it all could be dangerous.

+ if whoever it is has asked for the whole board to go (and i do not doubt the wisdom in that) isn't john kear on the board? (would please some...)??

Is that if its a hostile takeover.

If an investor just buy's Ted shares which I believe will be over 50% and takes control I do not believe he has to make a bid for the remaining shares but I'm not an expert in Company Law.

I thought that also

I can see a sacking coming soon

I bet they are not a nice family then

Says 90% here corporate.practicallaw.com/2-107-5970

Says 90% here corporate.practicallaw.com/2-107-5970

The last time I saw a record of the distribution of shares Ted had so many that the rest put together were useless as a voting tool. Anybody buying Teds shares wouldn't really need anybody elses. I wouldn't really want to sell mine anyway. I bought them to put some money into the club and feel a bit more involved. It's just a bit of paper now, saying I'm a shareholder, that I regard as financially worthless but in other ways priceless.

Sell you mine if you want more worthless share's.

You get enough money off me already.

[iwithin 10 shares of owning 30% of Arsenal and if his shareholding reaches that figure then, under UK takeover law, he is compelled to make an offer for the remaining shares.[/i
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