Re: Wakefield 's New backer : Fri Sep 17, 2010 11:57 am  

I asked the question a while ago - how much would you have to put into the club to match Ted's shareholding? The answer, iirc, was around the 350K mark.

Re: Wakefield 's New backer : Fri Sep 17, 2010 1:01 pm  

RebelRebel wrote:

I asked the question a while ago - how much would you have to put into the club to match Ted's shareholding? The answer, iirc, was around the 350K mark.

Does anyone know how many shares there are in the club?

Re: Wakefield 's New backer : Fri Sep 17, 2010 1:11 pm  

Is he looking for £2m of investment and still give the shares away. That might be a different situation completely. Ted isn't going to see his club die, he is wanting to do whats best.

Re: Wakefield 's New backer : Fri Sep 17, 2010 2:23 pm  

RJC wrote:

I know of at least one instance where this was not the case, and it came down to the value that was asked for!

Ok, believe what you like

I have told you the true version, and would not have bothered to post at all if it was not.
There have been interested parties previously but not ones who filled the 2 conditions I mentioned earlier.

Re: Wakefield 's New backer : Fri Sep 17, 2010 3:27 pm  

Catwoman1 wrote:

Ok, believe what you like

I have told you the true version, and would not have bothered to post at all if it was not.
There have been interested parties previously but not ones who filled the 2 conditions I mentioned earlier.

Wasn't a figure of £650k said to be the amount the bank needed as a guarantee back when Toppo and friends showed an interest.

Re: Wakefield 's New backer : Fri Sep 17, 2010 3:40 pm  

After we stayed up on the last day at Salford in 2001 (during the CVA) the only way the RFL would allow us to stay in SL was if Ted personally guaranteed, to the tune of £650,000, that we could complete the following season.

That was the time of the meeting when Toppo and the several others wanted to take over the Club - can't remember exact figures but I think it was around £150,000 they had to invest between them.

Hence Ted rejected their approach for the reason I mentioned in my earlier post - they hadn't the money to secure the future of the Club.

Re: Wakefield 's New backer : Fri Sep 17, 2010 3:43 pm  

At the meeting when Toppo, Geoff Wraith and another tried to get Ted out
Toppo asked Ted outright how much do you want to walk away
Ted's reply was £650000!!

Re: Wakefield 's New backer : Fri Sep 17, 2010 3:45 pm  

Correct-although i thought it was £120,000.

Re: Wakefield 's New backer : Fri Sep 17, 2010 3:54 pm  

Catwoman1 wrote:

Ok, believe what you like

I have told you the true version, and would not have bothered to post at all if it was not.
There have been interested parties previously but not ones who filled the 2 conditions I mentioned earlier.

I guess that you have Teds version of events and I have the investors version of events. The truth may lie somewhere between the two, but I have no reason to doubt what I have been told either!

Re: Wakefield 's New backer : Fri Sep 17, 2010 6:37 pm  

Wollo-Wollo-Wollo-Wayoo wrote:

Wasn't a figure of £650k said to be the amount the bank needed as a guarantee back when Toppo and friends showed an interest.

The £650k is a requirement of the RFL/SL i believe.