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| Quote ="MOPSEY LIVES ON"big suprise apperently coming your way,hope you enjoy if true.'"
Is your best mate heading over there MOPS ???
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| Quote ="Disney cat"Is your best mate heading over there MOPS ???'"
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Player Coach | 8360 | No Team Selected |
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| Quote ="MOPSEY LIVES ON"big suprise apperently coming your way,hope you enjoy if true.'"
With it being Mopsey i'm not sure whether HKR fans should be worried or whether they should be looking forward.
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International Board Member | 4959 | No Team Selected |
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| Looks like the surprise is front page of the Hull daily Mail HKR board for more details
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Club Coach | 2403 | No Team Selected |
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| Ouch, Surely the COCKayne will be sacked, Warning to Mr Kear i have always backed you 100% if you even sniff at this fool i will chase you out of town myself.
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| Quote ="The Mighty Fc"Rovers are rumoured to be 3-4 million in the red'"
They will save a few quid on Cockayne's wages, he's been suspended again, over an Club breach he was on his final warning last time, surely KR have run out of patience, also Liam Watts suspended with him.... Cracking player, a bit of a hothead though
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International Star | 1051 | No Team Selected |
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| it’s a bit too early to express opinions on what should happen to mr cockayne or indeed what will happen in relation to his employment. from what i can tell at the moment one man was arrested on suspicion of drink driving, and another man (mr cockayne) was released without charge. unless they didn’t have permission to use the vehicle by hkr, or have breached policies known to the club and employees then it’s difficult to see what they can throw at him. people can’t be sacked without a just reason: being a fool isn’t generally a good enough reason.
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International Chairman | 4149 | No Team Selected |
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Dec 2001 | 23 years | |
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| The HKR forum suggests that they crashed the car during a police pursuit and legged it
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| Quote ="fat faced fan"people can’t be sacked without a just reason: being a fool isn’t generally a good enough reason.'"
That depends! If that 'foolishness' is deemed to have brought the organisation into disrepute, sanctions could be safely applied.
Mr Cockayne does appear to be a rather self-destructive individual and ultimately, a bit of a liability.
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| Quote ="bren2k"That depends! If that 'foolishness' is deemed to have brought the organisation into disrepute, sanctions could be safely applied.
Mr Cockayne does appear to be a rather self-destructive individual and ultimately, a bit of a liability.'"
the problem with that is that it's so subjective it would be hard to defned in court.
as of yesterday afternoon i'd learnt the following: the boys in blue said that a 20 year old was arrested on suspicion of drunk driving, and a 27 year old was released without charge. pretty hard to pin anything on mr cockayne there i’d suggest. i’d also say that a certain “legend” of wakefield trinity was once reputedly helped from a crashed car near pineapple hill late one night before the police got there.
he’s not the first moron to play rl and he won’t be the last.
another kear project?
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| Quote ="fat faced fan"
another kear project?'"
no way in hell, i do not fancy the thought of paying ben cockayne
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Moderator | 12516 | No Team Selected |
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| Quote ="Willzay"no way in hell, i do not fancy the thought of paying ben cockayne'"
Agreed. I wouldnt want him anywhere near a Trinity shirt!
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| Quote ="Willzay"no way in hell, i do not fancy the thought of paying ben cockayne'"
stranger things have happened.
how's about this for a conspiracy theory: john kear to take the hkr job next year, and to sign cockayne for wakefield to sweeten the deal.
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| fat faced fan could be correct and he may know something we don't. You all seem quick to jump to conclusions that My Cockayne is comming to Belle Vue, open your minds, what is the other possibility ?
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| Quote ="jack in the box"fat faced fan could be correct and he may know something we don't. You all seem quick to jump to conclusions that My Cockayne is comming to Belle Vue, open your minds, what is the other possibility ?'"
That he isn't signing for us?
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Club Coach | 36144 | No Team Selected |
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| Quote ="RDM"Funding from directors/shareholders isn't considered as debt in the same way as money owed to the bank/HMRC/suppliers is.'"
I can't see why not, that's simply bizarre IMHO. If a director calls in his loan and it's not paid he will apply to have the company wound up the same way a bank or anyone else would. The only difference is he wouldn't be a preferred creditor like the HMRC and Banks are.
In fact as far as I'm aware and TRB may be able to confirm this, the RFL do not like Directors loans and prefer clubs not to have them,
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| Quote ="Seventies red"At least someone speaks sense unlike the mighty dumb duller, the debt is nowhere near the amount he claims is rumoured, plus as you say the debts are mostly to the directors (directors loans arent proper debts), many clubs currently in super league have similar director loans.'"
That's not right IMO, they very much are proper loans especially if they are called in - many clubs in the past have been taken down that way.
The only thing that makes them different is that most Directors wouldn't call them in for fear of getting so little back on them. However if the Directors loans are secured against the ground say, then you could be in trouble as a disgruntled or skint director could get his cash back.
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Club Owner | 7665 | No Team Selected |
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Oct 2003 | 21 years | |
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| Quote ="vastman"That's not right IMO, they very much are proper loans especially if they are called in - many clubs in the past have been taken down that way.
The only thing that makes them different is that most Directors wouldn't call them in for fear of getting so little back on them. However if the Directors loans are secured against the ground say, then you could be in trouble as a disgruntled or skint director could get his cash back.'"
What if parts of the ground were temporary and could be dismantled and sold as an asset in order to meet the demands of a Directors loan having been called in?
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| Quote ="The Clan"What if parts of the ground were temporary and could be dismantled and sold as an asset in order to meet the demands of a Directors loan having been called in?'"
Are you talking us or HKR? Applies to both I suppose. Directors loans are messy, but when they make up allegedly 80% of the loans that really messy.
Imagine if one of those Directors went bust, his creditors I believe would be in a position to call that loan as an asset? In which case they could take temporary stand or the car park for all I know. It's a nightmare scenario if you are a HKR fan or any fan.
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International Star | 1051 | No Team Selected |
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| Quote ="jack in the box"fat faced fan could be correct and he may know something we don't. You all seem quick to jump to conclusions that My Cockayne is comming to Belle Vue, open your minds, what is the other possibility ?'"
i've not heard anything about cockayne coming our way, i was just being open minded to the fact that an established superleague player may well be on the market and we're not exactly in a position to turn cheap established players away without some deep thought.
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| Quote ="fat faced fan"the problem with that is that it's so subjective it would be hard to defned in court.'"
You don't have to defend it in court - in employment matters, you just have to reach a reasonable belief and act accordingly, within your own policies and procedures.
As someone with an extant warning, Mr Cockayne is eminently sackable.
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International Star | 1051 | No Team Selected |
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| Quote ="bren2k"You don't have to defend it in court - in employment matters, you just have to reach a reasonable belief and act accordingly, within your own policies and procedures.
As someone with an extant warning, Mr Cockayne is eminently sackable.'"
they may have to defend it in an employment tribunal. we don’t know the facts just yet. let’s wait and see.
regardless of this, somebody will take him for next season even if hkr get rid or don’t renew at the end of the season.
we signed tevita leo-latu afterall.
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| Quote ="fat faced fan"regardless of this, somebody will take him for next season even if hkr get rid or don’t renew at the end of the season.'"
Indeed - it's a bit depressing isn't it?
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| Quote ="vastman"That's not right IMO, they very much are proper loans especially if they are called in - many clubs in the past have been taken down that way.
The only thing that makes them different is that most Directors wouldn't call them in for fear of getting so little back on them. However if the Directors loans are secured against the ground say, then you could be in trouble as a disgruntled or skint director could get his cash back.'"
They are considered debt,but they are likely to be subordinated loans.If subordinated they are unsecure.The provider of the subordinated loan cant just call it in -- the loan agreement would have to have been broken.
It is still classed as debt,but its fair to say that its not classed as "proper debt"
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| Quote ="TURFEDOUT"They are considered debt,but they are likely to be subordinated loans.If subordinated they are unsecure.The provider of the subordinated loan cant just call it in -- the loan agreement would have to have been broken.
It is still classed as debt,but its fair to say that its not classed as "proper debt"'"
I agree and as I said they are unlikely to be called but to dismiss them as not proper debt as the two posters did is wrong. They could be lethal in certain scenarios. IMHO they would be better off without them, certainly not such a high percentage as it does leave them very exposed especially in the current climate where many apparently wealthy individuals are going under. I mean that's pretty much how we lost control of BV.
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