Quote Tigerade="Tigerade"you need to register on a site like this:- companycheck.co.uk/ Its usually a couple of quid per company and there is hundreds of sites to choose from.'" Thanks. All I can see is a figure of liabilities of £925k and a net worth of -£1.2m. It does not say who the liabilities are. It may be the bulk of the debt is to Andrew Glover himself and/or other Directors so pretty much like Castleford or any other Super League Club.

Quote Tigerade="Tigerade"you need to register on a site like this:- companycheck.co.uk/ Its usually a couple of quid per company and there is hundreds of sites to choose from.'" Thanks. All I can see is a figure of liabilities of £925k and a net worth of -£1.2m. It does not say who the liabilities are. It may be the bulk of the debt is to Andrew Glover himself and/or other Directors so pretty much like Castleford or any other Super League Club.

Just wondering, did i get slated for something less than all this

From memory the club has a 500k interest free loan from West Yorkshire Windows, which has to be paid 'when the club can afford to do so'. So whether this actually would show on the sheet i'm not sure as it doesn't class as owing within a year? Somebody with more knowledge than me of this will be able to explain better.

No, you said we could be in Administration by the end of the week which was a rumour without any hard evidence.



All I have done is quoted figures that are in the public domain to demonstrate that if our debts are owed to Andrew Glover or his Company then the situation is no different to Castleford and many other Super League Clubs who are in debt to their own Directors.



The point I'm making is that debts to your owner who is unlikely to pull the plug is different to owing money to to an aggressive creditor like HMRC who will wind you up if they are not paid.



Sorry if I was not clear in the way I put it.

You are correct. If AG has done this it would show on the P&L sheet as "directors loans". The net worth of minus (-) £1.2m is the worrying bit.

I don't know how well qualified you are as an accountant Tigerade but, analysing accounts is a job for the experts.

For example are the new stands a straight forward cost or capital investment ?

Investment because they can be taken down and re-used elsewhere.

But doesn't net worth take into account "directors loans". Hypothetically if AG or WYW had loaned Spirit of 1873 of £1m then the Clubs net worth would only be -£200,000.



The point I'm making is that no one as far as I'm aware knows the exact position we are in but we seem to have "doom and gloom" on this Board. AG has said times are tough. We lost Eric France's sponsorship and have not had a decent home game for ages so cash flow will be a problem.



We should have a bumper crowd on Friday and then the following Sunday we are at home to Bradford so we have 2 good pay days coming up plus the Season Ticket offer to existing members all of which should go hell of a long way to ironing out our cash flow issues.



Of course people have a right to ask questions of the Club but I would hope that Wakefield Fans would get behind the Club because if we don't we'll have no Club to get behind.

Depends how it is shown on the balance sheet and only shareholders are privvy to this information. Also depends on which accountancy firm you use to draw up the yearly figures. Some can be "massaged" into other items and have to questioned - this is usually done at the AGM but I don't think WTW have shareholders to deliver this to anyway.

The club has taken a massive blow with Eric France sponsorship going - very similar to Cas Tigers not getting the cash from Probiz a couple of years ago. The next 2 home games will bring in much needed CHC. I would be worried about the season ticket offer though. During November and December most SL clubs rely on this as the only income stream.

Clearly not everybody

It may be an issue but hopefully that's where money from Sponsors comes it and the sale of season tickets to those who have not taken up the offer and new members.