Would be the right thing to do and come clean, it won't happen on a few points you have and i think we all know that.



Some of the questions could be covered at the meeting but i doubt the Trust can cover/give all the answers needed at this stage, some you'll never get answers to i'm afraid, still at least it offers some hope and we clearly need some of that.

who gets the rest of the ground money if we move, now does his lordship.

it is everybodys choice but do not leave ted with anything left of this club, if we are so much on our knees,why 50%. we would be better in administration then hed got nothing and he wouldnt get a golden handshake. its not our duty to save our club but its a chance to get rid of this lot, who dont even have the decency to say sorry for their actions of running the club into the ground. he will not walk away and sometime in the future it will come back and bite you. DONT DO IT for the long term good of the club.

I didn't know Ted wanted anything more from the club. He's pretty much said he'll hand it over, lock, stock and barrel, if people can come up with the money. No golden handshake, no nothing. Just a barage of abuse for overseeing the whole screw-up.

Tricky well said, what a sick joke this whole situation is. There are so many unanswered questions and nonsense statement being forward to the supporters - no sensible person will put the cash into the proposal.



Goodbye Richardson family and all your cohorts, do the decent thing and leave voluntarily, if this is your last throw of the dice it's a poor one and all you are showing is your contempt for the intelligence of the supporters.

When I read this I leapt to another conclusion, and it is only a guess. SRW may be setting up for the administration period. If the share thing doesn't work then the club may go into administration, with the money SRW gave being a loan rather than a donation this means he'll be one of the major debtors who get to vote on the terms of the administration. This potentially could be what he's doing, essentially buying a %age of the votes at the later stage.



oh, and hello by the way... I'm a cas supporter but wanted to keep up with all the goings on a Trin - and registered because when I read that about Rodney Walker it made me think of the goings on at Leeds United a few years back.

this is what angered me and then to read on a club statement how much do you want your club to survive

Here's an odd proposition for you... (sorry by the way, the Rodney Walker thing is fresh in my mind and I'm trying to get my head around possible scenarios)



Rodney Walker donates 165000 to Wakefield to pay the tax bill, upon the share thing being announced it gets turned into a loan - If 500000 is raised to own 50% of the club, then this effectively values the club at 1 million. Rodney Walker does not then take the cash out of the club but instead converts that loan into shares and at no further cost to himself he gets 16.5% of the company.



I'll stop now

Maybe there could be options explored on the 18th regarding a fighting fund?

Here's a thought.



If we accept the reality that the RFL are not going to give us a franchise, we will be a National League side next year. In which case, wouldn't £500K be much better put behind a National League team. It would go a lot further, might help us win something (which we have to do to get back into the top flight again), by which time hopefully Newmarket will be sorted and the future will look brighter.



So is the solution to go into administration, drop down, get a fighting fund for down there and so do more with it?



Perhaps someone with knowledge of company law can provide some info though, because my understanding of the Crusaders situation is that they went into administration, which of itself doesn't cleanse the debts, I think. All it does, I think, is ring-fence the assets as the administrator tries to come to agreements with creditors to sort out the debts. The Crusaders company then went bust (which is different to administration), and the new Crusaders company was set up in its place. In our case, would administration work, ie, the HMRC is not going to go away, and so we would have to do what the Crusaders did, and go bust and restart as a new limited company. But the principal asset related to our club, Belle Vue, is owned by someone else, with a payment pending on that, and so how would that work? The new club would not be allowed to say "give the money to us instead", I assume, as the money would be payable to the old company, not the new one.



What I'm trying to get round to is what would happen to Belle Vue? Would the buyer get it by default and we would have to come to a rental arrangement, and did the Crusaders avoid the tax and old debts not by going into administration, but by going bust?

It's my opinion that we should continue to fight for our super league status to the very last second, we fought really hard to win promotion into this division and even then we have to kick the door down to obtain access. Once in, we had to operate without super league funding for a period of time and have then battled against the odds to retain our place.



There are no guarantees!

If we drop a division and then over the next three years we win grand finals, get the new stadium built, create a solid financial foundation and tick all the other boxes we may still be denied a super league franchise in 2015 because of the geographical location of the club.



It's my suspicion that this is what was said to the potential investor who walked away after his meeting with the Rugby football league.

=#0000BF[size=150Faith Hope and Trinity[/size



In the absence of all the relevant details, which have quite reasonably been requested by a number of the club's supporters on this forum, it might help to try and summarise what we do know and what we can confirm as fact.



The shareholding offer, whilst publicised by the club will not be controlled by the club and neither will the money



Investments/donations will be paid into an ESCROW account which is secure from access by anyone from the club, the board of directors etc



Andrew Wright & Co, while acting as the club's solicitors are not under the employ of the club or the board of directors. They are a long-established firm of accountants whose impartiality in this matter can be relied upon



Any money paid into the ESCROW account will be refundable to each and every investor until such a time as the new shareholders decide how best to use the funds for the benefit of the club. That decision could be a number of things but the most likely are:



* Pay the club's immediate debt to HMRC

* Leave the money in the ESCROW account until further clarity is established

* Refund the money to each individual investor if that is what they wish

* In the event of the club entering Administration the funds could be used to purchase the club from the Administrator

* Use the money as a fighting fund to help rebuild the club along with any new investor



The vitally important thing to remember is that it is you/us/the supporters who will decide what happens with the money



What is clear is that if no such fund exists we as supporters will have no choices to make, no influence to bear and we will have to sit by and watch OUR club be torn apart



Ted has indicated publicly that, in the event that the £500,000 is raised, he will transfer his shares probably to the Supporters Trust



Finally!

please do not see this as a mechanism to bail out the current board of directors

Change at the top is now an inevitability, either through a positive outcome of the shareholding or because of Administration!

[size=150=#FF0000Do you want to have a say![/size

I think the options are more limited than that. There are two options available:

1. Monies raised are used to pay off HMRC.

2. It isn't and we go bust.



In relation to option 2, that is when the other choices kick in;ie, do people want their money back or is it used as a fighting fund for the new company.



In relation to the first option, and this is where the lack of information is frustrating, the worry is that we save the club on 31st January but then get another big bill on 31st July, we have no money to pay it, and we go bust. No 500k fighting fund for the new company.

before we go to the supporters trust meeting on the 18th we hope to fill some of the information gaps and get some assurances about the club's position going forward