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| Quote ="wakeytom"Could it be then that Ted has bought the ground through an offshore trading company, then when the time has come to pay the bill put the company/himself that owns the shares into a CVA so that he doesnt have to make the payment?'"
Don't know, but one things for sure even if he gave me an explanation I doubt I would believe a word of it unless someone unconnected to him corroborated it.
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| Quote ="braytontiger"well RDM your online'"
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| Quote ="MOPSEY LIVES ON"icon_iamwithstupid.gif'"
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| Quote ="braytontiger"eusa_naughty.gif'"
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| Quote ="MOPSEY LIVES ON"icon_kiss.gif'"
ok bud but im already married to someone from normy i dont need another one.
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| Keep it clean you two, threads are dropping like flies!!!!!
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| Where does my knowledge of Cala come from? Seeing the completed sale contract for that transaction & first hand knowledge of money being received from Cala to the satisfaction of the bank who held the previous charge over the land.
As I've said, one of the BoD told me directly that Cala no longer wanted the land & that an agreement for Yorkcourt to buy the land would result in the club getting £350k. As I stated in a previous post "the land is not in the ownership of the club" is the answer I got as to whether the land had been returned to the club pending completion of the new agreement with Yorkcourt.
Quote ="Uptoncat"RDM?? RogerDianeMaskill?????'"
I wondered how long it would take for this to be suggested....................................................but I'm afraid you're a long way off the mark with that one.
Quote ="wakeytom"Could it be then that Ted has bought the ground through an offshore trading company, then when the time has come to pay the bill put the company/himself that owns the shares into a CVA so that he doesnt have to make the payment?'"
Quite possible. To expand that "devil's advocate" theory a little further I know that if Cala had wanted to sell the ground back to the club a request to provide a loan to facilitiate this would NOT have been met warmly from the club's current bank (yes, even with the collateral that could be gained from the land).
In that case it seems plausible that Ted & others could have formed another company in the IoM (to avoid issues about his IVA) to buy back the land & then sell it on to Yorkcourt.
One final thing for people to think about, the sale to Cala was agreed at the height of the construction bubble and IF they were still buying the land from us we would be due another £600k from them. If the new deal with Yorkcourt sees WT getting £350k instead, then the net result for the club (i.e. £250k less than originally planned in 2007, but paid when NM gets planning permission rather than when we leave BV) is still quite reasonable given the current market for development land.
Overall, it's just another reason why we need to get a completely clean slate through Administration & the sooner the better
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| Nicely swept under the carpet. I don't believe you
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| Quote ="RDM"=#FF0000Where does my knowledge of Cala come from? Seeing the completed sale contract for that transaction & first hand knowledge of money being received from Cala to the satisfaction of the bank who held the previous charge over the land.
could you elaborate, how did you see said contract and how do you know about the money being received?
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| RDM care to enlighten us who tillion is or don't you know
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| muddy waters!
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| Quote ="Uptoncat"Nicely swept under the carpet. I don't believe you'"
I'm not sweeping anything under the carpet & can understand why emotions may cloud opinions on something that at face value appears to be Ted twisting the knife in the back of the club and all supporters.
Am I pi$$ed off at how the actual circumstances appear to be? Hell yes!!!
Do the circumstances of the ownership actually change the club's financial plight? Not one bit. As I said, the bank wouldn't have supported a loan to buy back the ground & in any case the value of the land would have fallen to the extent that the bank probably wouldn't have provided the same level of funding as the club got in the first place if they had been interested in providing a loan to the club.
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| Quote ="jack in the box"RDM care to enlighten us who tillion is or don't you know'"
All I know is what's been posted on here already - that it's a company registered in the IoM.
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| Quote ="charlie"So Ted sold it to Ted?'"
And he didnt pay
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| I'm sorry rdm but you have far too much info for me not to be involved. If you are who I and many others think you are thank you for your efforts you were part of the team that got us to sl, you kept us up there but now you've nearly killed us off. Take the highs and the lows and if you've honestly given it your all walk away with your head held high. If you've been hiding things and covering up hang your head in shame
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Player Coach | 1886 | No Team Selected |
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| Quote ="RDM"I'm not sweeping anything under the carpet & can understand why emotions may cloud opinions on something that at face value appears to be Ted twisting the knife in the back of the club and all supporters.
Am I pi$$ed off at how the actual circumstances appear to be? Hell yes!!!
Do the circumstances of the ownership actually change the club's financial plight? Not one bit. As I said, the bank wouldn't have supported a loan to buy back the ground & in any case the value of the land would have fallen to the extent that the bank probably wouldn't have provided the same level of funding as the club got in the first place if they had been interested in providing a loan to the club.'"
The reason the club is basically shafted is that it did a deal with tillion and tillion has failed to pay up.
all this other stuff has nothing to do with it.
I'll ask you again who is tillion
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| Quote ="kinleycat"could you elaborate, how did you see said contract and how do you know about the money being received?'"
As part of my job at the time.
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| It looks like WTRLFC have a contract with Tillion. What Tillion do with Cala or Yorkcourt is of no concern. Tillion should pay up the balance of the 2.8 million ( what ever that ammount is ) as per the terms of the contact with Wtrlfc If Tillion are in breach of contract then WTRLFC should just have sued them. As it stands I presume that Tillion will still own the ground all be it with charges on it from their lender etc.
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| Quote ="charlie"www.linleyandsimpson.co.uk/index.php?page=news_wakefield.html
Near the bottom there's a little article; "The club, along with Cala Management and Tillion Partnership"'"
Quote A statement from the Wildcats, tenants for the proposed stadium, said: "We have taken steps to apply for full planning permission for housing on Belle Vue, enhancing its current outline permission. This move will reinforce the club's Super League licence application in areas of financial strength and stability. The club will continue to work with the local authority to pursue aspirations for a new community stadium"'"
Just catching up on all this and commenting page by page..
But could it be that WTWRLFC actually paid for planning permission and any work on the site so that a certain TED didn't have to when his company took control of the site...
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| Ted as chairman of wtw will not sue his company for money owed to himself.
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Jun 2005 | 20 years | |
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| RDM if Tillion paid up the £ 2,800,000 then we would not be in the mess we find ourselves in. I just cannot get my head round why we have not started proceedings against Tillion. They must owe us over a million pounds.
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| why havnt WTW SUED TILLION
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