wakefield need to raise £500,000 before the end of January to secure their immediate future. They are wanting people of Wakefield to buy £1000 worth of shares before the deadline of 31/1/11... is there 500 people willing to buy?

Saw an article on the BBC 606 pages a few days ok, it looks a little bleak> Even if they survive this season, they'll likely not get a franchise

I was told about their plight a few weeks ago by a fellow poster and they are really in the brown and smelly.

Would you risk £1,000 of your money in a mess like this - most clubs have a sugar daddy who supports the club and helps when cash flow is stretched. Unfortunately for Wakey theclub is sugar daddy to the Richardson family that own it.



The question has to be asked where has all the money gone?



Have the board of directors taken a pay cut to help the club's plight?

my mate is related to the youth team coach and he didn't get paid for 6 weeks before xmas

I can well believe that - bet MD got paid though!!

It puts the Bulls begging bowl into a different league.

Presumably Sir Rodders won't help out again.

Those were kinda my thoughts when hearing their appeal :



- Are there 500 Wakey fans with a grand-a-piece to spare straight after Christmas ? (Are there 500 Wakey fans for starters ?

)



- What exactly would throwing a grand in entitle you too ? If Wakefield are that desperate that they're having to sell additional shares, just exactly how much % of ownership of the club would that give you ?



- Would you have faith in the current board and their record ?



- Assuming you stumped up a grand and not everyone else did, I assume you'd lose the wedge the minute the administrators turned up .... ?



- Would you be entitled to anything additional, sponsors lounge, seat etc. for your investment ?



- It is an investment, what sort of projected return club the club offer you ?

I spoke to an Ex Super League & GB coach over xmas. He told me that he's spoken to one of the Wakey directors who had expressed concern that Wakey wouldn't start SL this year.



The recent announcement by Wakey wasn't a surprise

There are several threads on the Wakey board about this and have been all week, the sum total appears to be you give them a grand to save their short term future and get nothing tangible back in return other than a nice warm feeling - its moved on a bit now with a meeting on the 18th to try and establish a proper supporters trust but the feeling earlier in the week among their posters was that they should take administration, drop to the lower leagues and then talk about supporters trusts because who wants to take on the old management debts ?





And the answer from me to the question "Would you do it for Leeds ?" is "No".

I see Wakey folding, and new club forming that is willing to share Castleford's new ground.