(Hatfield Tiger done a nice job clarifying Under capitalisation

)

Also I agree with your view on Elston.


However The shudds salutary tale will cost them round about the same amount as our undercapitalisation sum.
Ken Davy didn't even blink when he took that blow and yet a similar amount could take us under. This shows that
SL is really a financial competition thinly disguised as a sporting contest. Sadly if you don't have the assets there is
no point in taking part.

Don't know. If he had to operate a turnstile on match day I am sure a lot of folk would pay to go through it

Sadly, all pro sport is about the size of the owners wallet (slightly off-set by crowd numbers & merchandise sales etc)

People will be reluctant to just give £400, just look what happened at Bradford, but your point is valid.

Offer shares (to the value of £400) and seek 1000 new shareholders from supporters, sponsors, businesses etc. That way you get a shares in the Club for your money. Okay they will actually be worthless (unless they increase if we move to Newmarket and become profitable - unlikely I know) but at lease you will own a small part of the Club.

What would happen to these shares if we went into admin again?

Exactly the same if you just donated £400. The difference being if the Club does not go into administration and continues you will own a bit of the Club.

The alternative is to do nothing and watch all the players be sold on the cheap as every other Club knows our predicament and will offer buttons, or they may wait until administration comes as it will if nothing is done and buy the players even cheaper from the administrator.

I’m sure I’ve got a share certificate kicking about somewhere when the last lot were in power.

Whilst it may keep the wolves from the door briefly you can’t keep issuing shares every year.

The club has to find new investors & dramatically cut costs, it would be interesting to know how much some of the backroom staff are getting paid, not sure if they are on contracts like the players? If not it’s not just a case of booting them out, as they’d go running to a tribunal. I presume the only way to force them out is if the club folded with a new regime coming in, but that just opens another can of worms.

Shame Gareth Bale isn’t a Trinity fan, what with his reported £300k per week

.

Don't disagree at all. But we need a short term fix, £400,000 to be precise and I cannot see an alternative unless a major investor comes in out of the blue or I win the Euromillions.

OR 4000 season ticket holders put £100 each in with a draw every week for a free hospitality box (no sth can win twice) and when the finances get back into the black the £100 to be returned

It's a really sad situation, but as an outsider looking in (must make a change a Cas fan who doesn't claim know the intricacies of your balance sheets coming on here

) I don't understand how in just two years, this can happen again? Were your previous debts wiped, as it seems a relatively big crisis to happen after just two years under Andrew Glover. It seems a particular suprise considering all the positive noises coming out of the club since Newmarket and the way the Court orders were played down by the board.

It is a real sorry state for the game when so many of our clubs are facing these difficult circumstances - they say money isn't everything, but the league table doesn't lie. Salford the exception, look at all the skint clubs literally separated by a couple of points. We're all so precariously balanced financially, and I'm sure it wouldn't take much if anything to push Cas into similar levels of trouble.

Fingers crossed things work out well for all you Wakey fans, and see you all on Sunday to watch one of those "match" things that seem to be such a bloody side show to everything off the pitch these days...

I was responding to the post by Top Cat re.Twitter that AG would not be pulling his money out clever clogs.

In a nutshell.
The directors of this club are charged with the responsibility of 1) not getting us in this hole. 2) getting us out of this hole.
Expecting the supporters to delve deep to plug yet another hole is going to be expensive every few years and won't encourage sound management.
If this is the best we can expect the whole lot might as well jack in!!

the point is we have not been diging deep, cheap STs poor managment,Result black hole.

I don't follow?

Maybe Nigel Wood needs to get on a plane sometime and blag some more money from another multi- millionaire like Dr Koukash

listening to www.wakefieldwildcats.co.uk/news ... r/2013/09/ (approx 10:30 mins) MC mentions the new stand costing thousands on the stand. So we have jumped through hoops that no longer need to jumped through.

listening to www.wakefieldwildcats.co.uk/news ... r/2013/09/ (approx 10:30 mins) MC mentions the new stand costing thousands on the stand. So we have jumped through hoops that no longer need to jumped through.

Quote ="Mr Bliss"listening to www.wakefieldwildcats.co.uk/news ... r/2013/09/ (approx 10:30 mins) MC mentions the new stand costing thousands on the stand. So we have jumped through hoops that no longer need to jumped through.'" As I said on the VT the other day - the RFL told us and Cas that our licences were under constant review and that retention of said licenses was contingent on upgrading our stadia to a certain standard; that included a % of covered standing/seating areas. We spunked almost £500k to deliver on that and Cas did bugger all; now the requirement has been scrapped and we're half a million quid or so out of pocket. It's a perfect storm - bad luck, poor judgement and a flip-flopping regulator that wouldn't know a long term strategy if it punched them in the knackers.

Quote ="Mr Bliss"listening to www.wakefieldwildcats.co.uk/news ... r/2013/09/ (approx 10:30 mins) MC mentions the new stand costing thousands on the stand. So we have jumped through hoops that no longer need to jumped through.'" As I said on the VT the other day - the RFL told us and Cas that our licences were under constant review and that retention of said licenses was contingent on upgrading our stadia to a certain standard; that included a % of covered standing/seating areas. We spunked almost £500k to deliver on that and Cas did bugger all; now the requirement has been scrapped and we're half a million quid or so out of pocket. It's a perfect storm - bad luck, poor judgement and a flip-flopping regulator that wouldn't know a long term strategy if it punched them in the knackers.

Excellent point Bren....surely the RFL hierarchy can see what state their contrary rule-changing has left our club in, and should have a duty to step in and help ????
AG was clearly told that he had to improve the state of BV in order to keep our licence, and promptly invested £500k in doing so, only to have the rug pulled from underneath him !!!
So what are the RFL going to do about it then........I think we all know the answer to that one...jack shoot..that's what, 'cos we're not called Bradford !!!!!!!!!!!!!!!

Bigger shame that his agent isn't, having made £5 million on the deal.

I'm still not buying this feeling hard done by because we've improved facilities for spectators. What's to say that that investment hasn't helped increase the attendance figures at Belle Vue now that it's given cover in case of rain and increased the atmosphere?

I think it's very short sighted to whinge about that when it's obvious money must also have been frittered away elsewhere.

Need a cargo plane for him

would love to see them squirm while this question was put to them

get me a front row seat

We've lost Tim Smith so far.....He was one of my favourite players.....great to watch when on song and a massive player for us.....Last season he was fantastic......this season not so good....he's a tough one to replace but I more than understand is was an absolute no brainer to take the money that was offered.....and immediately too.....

We still have plenty of quality players and if the club get the backing they need between now and the start of next season we may well be able to wheel and deal and sign another gem or two.....keep hold of the rest of what we've got....and be more than competitive.......but for two narrow losses to the best team Super League has seen in the last decade we may well have got on a roll and got in the top eight again.....As I said.....Smith is a huge loss, no-one can argue with that.....the majority of the rest of the squad haven't become poor players overnight......their performances the last month or so have probably mirrored how a lot of the fans are feeling at present.....

The last thing any fan needs to do now though is desert us because we sold a player we had to sell!!

Just out of interest.....you say the club are not giving value for money with the current season ticket deal......how much should they be priced at???

Rumour has it they already have.

To trinity - I'm not suggesting that it's the only cause of our woes - far from it - but it can't have helped. Maybe we would have done something a bit more modest if we'd known the RFL would 'forget' about that requirement a few short months later?