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| Quote ="RebelRebel"Reported where?
Post the facts, or stop spreading malicious gossip.'"
By existing staff - Do you really think when he paid his family inflated salaries he wouldnt have a piece of the pie himself
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| Why did we owe Huddersfield money? The only thing that i think it could be is Kirmond's wages but i thought at the time we were told that the Giants were still paying his wages while he was with us as part of the Brough deal? If in actual fact it was us who was paying his wages then it makes the Brough deal look even worse from our viewpoint.
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| Mr Richardson again shows his worth with this report ... I rest my case.
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| Quote ="wakeytom"Also Mr lets allow businesses to fail without paying debts, how about the over £40k that the solicitors are trying to re-coup from salaries that potentially should not be paid, rather than potentially been taken out of an illiquid company when it should not have been thats further funds that should by law (if is the case)be paid to suppliers!'"
Do you live in the real world?
I suspect you don't.
This is an economy where the banks have managed to rip off the entire country to the tune of 200 billion pounds at least. They are getting loans from the taxpayer at rates they would never offer anyone themselves, which in turn is robbing public spending of funding and thus jobs. All this caused by levels of incompetance and greed way beyond anything that could be dreamed of by Ted Richardson. This has in turn created an environment cleansed of the lifeline of credit which is causing the banks to shut down thousands of businesses a week - without a care in the world. This is the world the old club was floundering in. Why are you not hounding the head of HSBC?
All the above and you go on a moral crusade against a ramshackle club and the bloke who managed to keep it afloat for as long as he could. Do you really think he did it on purpose or doesn't have regrets about those he let down including the small companies who are inevitable victims in these cases or that he came out of it in any other way than poorer than when he started. Your desire to finger point and personalise everything is wrong IMO. It has nothing to do with Richardson as a person, he was IMO a bog standard local businessman who tried and failed, it happens. One thing I'm sure of is that in SL there are a lot of clubs sailing close to the wind who should they fail will make what we owed creditors look like pin money.
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| Quote ="quinny"By existing staff - Do you really think when he paid his family inflated salaries he wouldnt have a piece of the pie himself
'"
If you can't prove this then shut up if you can then get on with it. You're just making assumptions on almost every front, and any old gossip can do that.
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| Quote ="newgroundb4cas"Mr Richardson again shows his worth with this report ... I rest my case.'"
Funny how you keep resting your case, yet no one ever recalls you actually making one. You are a legend in your own mind.
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| What I would like to know is, when you take into account what Sir Rodders paid off for us as well, just how we managed to owe nearly a million quid in tax. Especially when we sold Ryan Atkins at the end of 09 to apparently pay off the bill then? Did we pay any tax, ever??
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| Quote ="Theboyem"What I would like to know is, when you take into account what Sir Rodders paid off for us as well, just how we managed to owe nearly a million quid in tax. Especially when we sold Ryan Atkins at the end of 09 to apparently pay off the bill then? Did we pay any tax, ever??'"
Did we ever have an accountant!!!
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| Quote ="TURFEDOUT"Did we ever have an accountant!!!'"
That is a good point. Who was our accountant during the Richardson era? They obviously didn't do a very good job.
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| Quote ="vastman"Funny how you keep resting your case, yet no one ever recalls you actually making one. =#FF4000You are a legend in your own mind.'"
Can someone fetch a black pot to add to the black kettle please???
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| Quote ="vastman"I think some of the posters on here are being a touch naive to say the least. Certainly this almost child like belief that Andrew Glover is the messiah. Let's get something straight, when one business offers another a line of credit it is a risk they take in the full knowledge they may never recover the debt - that folks is business. Although it's sad that people lose out but that's how it goes, it's not exclusive to Wakefield. The fact that we were bought for 35k and the fact that the club IMO owed so little to it's creditors other than HMC suggests the club is a going concern and not the decaying evil empire portrayed on here.
=#FF0000What's done is done, let's just move on and keep an eye on the new lot.'"
Genuinely have to agree, although that should not stop things like this being brought to light.
And yes we should keep an eye on the new lot, because this situation should not be allowed to happen again, by anyone.
But as you were keeping an eye on the old lot, please don't put your name forward for the job!!! (apologies for using the same joke twice, but if you keep pitching the same ball......)
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| Quote ="vastman"Why, I'm amazed people are so easily pleased.'"
People are pleased because for the first time in a few years things appear to be getting done right, what amazes me is how some people were pleased when things were being done so magnificently wrong.
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| Quote ="altofts wildcat"That is a good point. Who was our accountant during the Richardson era? They obviously didn't do a very good job.'"
I could be wrong but wasn't it done 'in house'? Eric Timmins maybe?
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| Quote ="vastman"Do you live in the real world?
I suspect you don't.
This is an economy where the banks have managed to rip off the entire country to the tune of 200 billion pounds at least. They are getting loans from the taxpayer at rates they would never offer anyone themselves, which in turn is robbing public spending of funding and thus jobs. All this caused by levels of incompetance and greed way beyond anything that could be dreamed of by Ted Richardson. This has in turn created an environment cleansed of the lifeline of credit which is causing the banks to shut down thousands of businesses a week - without a care in the world. This is the world the old club was floundering in. Why are you not hounding the head of HSBC?
All the above and you go on a moral crusade against a ramshackle club and the bloke who managed to keep it afloat for as long as he could. Do you really think he did it on purpose or doesn't have regrets about those he let down including the small companies who are inevitable victims in these cases or that he came out of it in any other way than poorer than when he started. Your desire to finger point and personalise everything is wrong IMO. It has nothing to do with Richardson as a person, he was IMO a bog standard local businessman who tried and failed, it happens. One thing I'm sure of is that in SL there are a lot of clubs sailing close to the wind who should they fail will make what we owed creditors look like pin money.'"
Please could you tell me why I would be hounding the head of HSBC?
Is this not the bank who took no government money, never stopped selling mortgages and also is a leader in lending to small businesses?
I think if you are going to talk about economic and business factors you need to straighten your facts out o mighty one.
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| Quote ="Theboyem"I could be wrong but wasn't it done 'in house'? Eric Timmins maybe?'"
If it was done in house that would explain a lot.
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| Guys - When it comes to the £700k for HMRC you must remember that this is a potentially an over-inflated figure and may or may not prove to be have been owed in the longer term!
It will include the many years of the disputed back-tax that HMRC are demanding off all Rugby League clubs for overseas image and pensions rights. I suspect that the majority of that figure is attributable to these monies and not other tax and VAT payments. Obviously Leeds are fighting this is a test case and assuming that RL get the same deal as RU then only 20% of those monies will hopefully be owed to HMRC. This means that HMRC may only ultimatley have been owed as little as £140k.
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| Quote ="kinleycat"People are pleased because for the first time in a few years things appear to be getting done right, what amazes me is how some people were pleased when things were being done so magnificently wrong.'"
I have never been pleased with the way things have been run at the club going back way before Ted, I like most fans reckon I could do it better which of course we couldn't.
There was a lot left to be desired by the old regime. Rotten PR, a tragic lack of attention to detail, an element of nepotism though none that I saw that was truly detrimental to the club although it's this bit that really seems to get under peoples skin - human nature and jealousy I suspect. Ted was also poor IMO at generating alternative revenue. However overall he did a decent enough job under the constraints he was working in.
The crux of whether you accept my argument is this. If as I believe there were never any other serious/better buyers/owners for the club than Ted in his 15 years in charge then he did a great job because the alternative was oblivion. Alternatively and I really need proof on this if you believe there were BETTER alternatives and Ted turned them down for selfish motives then you have good cause not to be pleased.
Either way the club was not left in such a bad way as no one wanted it, indeed were in fact willing to pay. The club IMO is viable, however it's only viable because it's now clear of all the historical debt the old regime was bogged down in. AG has a clean slate, something Ted could only dream of as he inherited club already in debt.
However before you accuse me of a pro Ted rant I actually think Andrew Glover is more capable of taking the club forward than Ted even if Ted had ever had the same relative financial luxury as AG does. Glover just seems more dynamic and reactive even taking the newness of it all into consideration. I feel sorry for Ted because most of the accusations against him are unfair or unfounded - that said I don't want him back. It will take a bit more than what we have seen so far from AG for me to give him the accolades some do, but I can't see any reason not to admit he's made a good and refreshing start - but there is a long way to go yet that's all I'm saying.
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| Quote ="quinny"By existing staff - Do you really think when he paid his family inflated salaries he wouldnt have a piece of the pie himself
'"
You are Ted I claim my £5
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| Quote ="wakeytom"Please could you tell me why I would be hounding the head of HSBC?
Is this not the bank who took no government money, never stopped selling mortgages and also is a leader in lending to small businesses?
I think if you are going to talk about economic and business factors you need to straighten your facts out o mighty one.'"
Perm any bank you want, the point is the same - if you are that indignant have a go at them and be a real Robin Hood. HSBC, they are in your opinion a beacon of goodness? Ok, so let's change it to mis sold PPI's shall we. Or are you going to deny that one, I'm guessing you work for them judging by your prompted response
Cut the o mighty one nonsense, it makes you look childish.
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| Quote ="Inflatable_Armadillo"Guys - When it comes to the £700k for HMRC you must remember that this is a potentially an over-inflated figure and may or may not prove to be have been owed in the longer term!
It will include the many years of the disputed back-tax that HMRC are demanding off all Rugby League clubs for overseas image and pensions rights. I suspect that the majority of that figure is attributable to these monies and not other tax and VAT payments. Obviously Leeds are fighting this is a test case and assuming that RL get the same deal as RU then only 20% of those monies will hopefully be owed to HMRC. This means that HMRC may only ultimatley have been owed as little as £140k.'"
Do we know when this is likely to be resolved?
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| The amount of £20k does seem a small amount for someone to recieve for Sam and Fergy. If the club had been bought for £50k, would we have kept them?
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| Quote ="vastman"Perm any bank you want, the point is the same - if you are that indignant have a go at them and be a real Robin Hood. HSBC, they are in your opinion a beacon of goodness? Ok, so let's change it to mis sold PPI's shall we. Or are you going to deny that one, I'm guessing you work for them judging by your prompted response
Cut the o mighty one nonsense, it makes you look childish.'"
Been with HSBC/Midland for 30 years, they wouldn't help me when I needed it, they are all the same , no customer loyalty
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| Quote ="vastman"Perm any bank you want, the point is the same - if you are that indignant have a go at them and be a real Robin Hood. HSBC, they are in your opinion a beacon of goodness? Ok, so let's change it to mis sold PPI's shall we. Or are you going to deny that one, I'm guessing you work for them judging by your prompted response
Cut the o mighty one nonsense, it makes you look childish.'"
How does it make me work for them?
I am just saying that for all the flack the banks take some are much better than others and if you are going to pass judgement you need to have correct facts!
I do not want to get into an argument about the banks themselves, what I stated earlier is that I dont think things are black and white here, and if is the case that the board withdrew funds that they should not have then the creditors should be annoyed, and as you said earlier, thats just business then in my eyes that is potentially a way of doing business that they should not have done!
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| Quote ="vastman"
Either way the club was not left in such a bad way as no one wanted it, indeed were in fact willing to pay. The club IMO is viable, however it's only viable because it's now clear of all the historical debt the old regime was bogged down in. AG has a clean slate, something Ted could only dream of as he inherited club already in debt.
However before you accuse me of a pro Ted rant I actually think Andrew Glover is more capable of taking the club forward than Ted even if Ted had ever had the same relative financial luxury as AG does. Glover just seems more dynamic and reactive even taking the newness of it all into consideration. I feel sorry for Ted because most of the accusations against him are unfair or unfounded - that said I don't want him back. It will take a bit more than what we have seen so far from AG for me to give him the accolades some do, but I can't see any reason not to admit he's made a good and refreshing start - but there is a long way to go yet that's all I'm saying.'"
I dont claim to know the ins and outs and how things work, but surely when we went into the CVA last time (after Pearman) the financial restraints for Ted/The club must have eased, leaving us with an almost clean slate??
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| Quote ="Theboyem"Do we know when this is likely to be resolved?'"
I certainly haven't heard anything for a while on this. I think Leeds are basically looking to challenge HMRC in the High Court and suspect if a deal is to be done, it will be done on the High Court steps just before the hearing, so to speak. I understand that many thinkc Leeds to have a strong case and after all, all the RL wants is the same deal as RU... a deal HMRC are currently reluctant to do!
Of course it is no longer a problem for Wakey, but could be a big problem for other clubs!
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