Re: Other team discussion : Fri May 19, 2023 6:53 am  

Egg Banjo wrote:

I don't have an issue with it, but it smacks of hypocrisy that people are saying Salford are failing because they've just done the same as us. If Salford fans want to invest (which it looks like they do), then great, if Trinity fans want to do the same - great too

But having the audacity to do one and then call out the other is just plain ridiculous

They haven't done just the same as us.

Theirs is framed as fan-based club ownership, which it is not.

Nor have we sent the loan sharks round to encourage people to spend money they don't have on funding our club.

Re: Other team discussion : Fri May 19, 2023 7:21 am  

dboy wrote:

They haven't done just the same as us.

Theirs is framed as fan-based club ownership, which it is not.

Nor have we sent the loan sharks round to encourage people to spend money they don't have on funding our club.

Ours was literally introduced in an article titled:

"Become a Shareholder in Wakefield Trinity"

You can try to pretend that it's not the same type of money making scheme - but it is

And it's a gross exaggeration (lie) to call the the credit union loan sharks and to suggest that Salford are forcing people to use them.

Re: Other team discussion : Fri May 19, 2023 7:36 am  

As I recall it, the Trinity one was for capital, the Salford one is for revenue.

Re: Other team discussion : Fri May 19, 2023 9:05 am  

Egg Banjo wrote:

Ours was literally introduced in an article titled:

"Become a Shareholder in Wakefield Trinity"

You can try to pretend that it's not the same type of money making scheme - but it is

And it's a gross exaggeration (lie) to call the the credit union loan sharks and to suggest that Salford are forcing people to use them.

20% APR is sharking.

The Wfd share scheme states clearly what you are getting for your donation.

The SRD scheme suggests you are entering into a fan-ownership of the club - you are not - you are getting essentially the same as a Wfd fan = you are making a one-off donation to the club.

You are correct that the schemes are fundamentally the same in reality. Unfortunately, the SRD scheme is not honest about the actual benefits.

Re: Other team discussion : Fri May 19, 2023 11:17 am  

dboy wrote:

20% APR is sharking.

The Wfd share scheme states clearly what you are getting for your donation.

The SRD scheme suggests you are entering into a fan-ownership of the club - you are not - you are getting essentially the same as a Wfd fan = you are making a one-off donation to the club.

You are correct that the schemes are fundamentally the same in reality. Unfortunately, the SRD scheme is not honest about the actual benefits.

I would suggest that neither scheme is fundamentally being completely honest with the fans, because selling anything where the benefit is titled as becoming a shareholder implies that you are buying a share in that business, when in reality that is not really the case with either.

Personally I would like to see this type of scheme removed altogether from the sport as it is predatory in nature and relies on fans making financial decisions with their hearts and not their heads

[PopTart]

Re: Other team discussion : Fri May 19, 2023 12:04 pm  

Egg Banjo wrote:

I would suggest that neither scheme is fundamentally being completely honest with the fans, because selling anything where the benefit is titled as becoming a shareholder implies that you are buying a share in that business, when in reality that is not really the case with either.

Personally I would like to see this type of scheme removed altogether from the sport as it is predatory in nature and relies on fans making financial decisions with their hearts and not their heads

Sorry but it is wrong to say that about the Wakefield scheme. They were very very clear that you were not a Shareholder of the club.

Re: Other team discussion : Fri May 19, 2023 12:35 pm  

PopTart wrote:

Sorry but it is wrong to say that about the Wakefield scheme. They were very very clear that you were not a Shareholder of the club.

Then why do they say "Become a shareholder in Wakefield Trinity" if they were very clear that you wouldn't actually be a shareholder in Wakefield Trinity

That's a rather conflicted message.

Re: Other team discussion : Fri May 19, 2023 12:51 pm  

Egg Banjo wrote:

Then why do they say "Become a shareholder in Wakefield Trinity" if they were very clear that you wouldn't actually be a shareholder in Wakefield Trinity

That's a rather conflicted message.

I've answered this already. Wfd clearly state:

"Wakefield Trinity RLFC are inviting expressions of interest from individuals who may be interested in investing in the club.

As well as inviting those with potentially large amounts to invest, the club is intending to issue “Member shares” to supporters who may be interested in investing relatively modest amounts in tranches of £500. This may appeal to those who would like to feel a sense of ownership and be closer to the activities of the club than at present but are not seeking any voting participation or financial return and do not have a desire to take an active part in the running of the club."

Member shares - not a shareholding.

Re: Other team discussion : Fri May 19, 2023 1:05 pm  

dboy wrote:

I've answered this already. Wfd clearly state:

"Wakefield Trinity RLFC are inviting expressions of interest from individuals who may be interested in investing in the club.

As well as inviting those with potentially large amounts to invest, the club is intending to issue “Member shares” to supporters who may be interested in investing relatively modest amounts in tranches of £500. This may appeal to those who would like to feel a sense of ownership and be closer to the activities of the club than at present but are not seeking any voting participation or financial return and do not have a desire to take an active part in the running of the club."

Member shares - not a shareholding.

As I've said - pretend shares - just like Salford's pretend shares

[PopTart]

Re: Other team discussion : Fri May 19, 2023 1:17 pm  

Egg Banjo wrote:

Then why do they say "Become a shareholder in Wakefield Trinity" if they were very clear that you wouldn't actually be a shareholder in Wakefield Trinity

That's a rather conflicted message.

Because most of us can read more than the first line.

And once again, you've started down the line of trying to imply someone was mislead by Wakefield Trinity, even though you didn't take the offer, so weren't mislead and non of the people who gave money have complained they were mislead.

So again, I'm OK with you trying to draw similarity to Salford, though there are clearly differences, but as its been explained to you 2-3 times now, posting again that you think someone was mislead smacks of just trolling because you've got a strange issue with a member of the board rather than the share option.