Something I am not sure about. If £500k was found and the board did resign enblock. Who are the the shareholders who will vote for the new board?



Will shareholders still include Ted etc, as resigning from your salaried position is not the same as giving up your shares.



If it still does include Ted 'et all' how would their voting rights compare to the rights of the £500k parties?



In summary could they vote themselves (or affiliates) back in?



Anyone know the mechanics of this?

Also, when people talk about how bad the BOD are and how a supporter led board would be preferrable I only half agree.

The BOD have proved that they are not capable.....not sure whether they are all poor but the decision makers certainly are.

BUT just using this forum as an example, I'm not sure I would want supporters leading the way either. How would we decide who was in charge? The loudest voices on here are a long way from being Sir Alan.

It is usually decided by the guy with the biggest wallet taking over.....that implies he knows how to run things......which has obviously been proved to be a flawed assumption recently.



I'd like to unedrstand how people think that would work.

Did I read somewhere on your board there's a supporters meeting soon?? Has that happened?



I'm not trolling - genuinley interested in the games itself and hope you guys will be ok.

It's tonight.

The supporters are having a meeting tonight (Tue 18th) to discuss the formation of a Supporters Trust.



It has to be pointed out that the ST discussions were well underway long long before the BoD went public with the current problems.



Tonights meeting has been brought forward because of the issues surrounding the club but would have been held at some point anyway.

with respect hull kr didnt fold we went into a cva and paid our debts off i think you are confusing us with hull f c who did fold and merged with gateshead to start a new company and club.

There is no suggestion, as far as I'm aware, that a supporter led board is the aim of the ST; the two things, as I understand it, weren't even linked, until circumstances forced those people planning the ST to come forward.



To the best of my knowledge, the ST would only be looking for representation on any new board - NOT to manage the whole operation. The only way they could do that would be raise 500k and buy Ted out, and that seems extremely unlikely.

Correct

Your CVA only paid off a tiny fraction of your debt with the rest being written off, leaving your creditors in the lurch. I don't think that's an option here.



Hull FC didn't fold, although we likely would have except for the merger. The old company wasn't wound up until after the merger, and the club itself continued with new ownership. Again, not an option here.

If you want to attend and you have a spare £1000, we'll send a car for you

You could send a car for me aswell if I were 100% confident that the money would save your club, but that's the problem, I'm not. I've followed this situation closely as I have quite a few friends who are Wakey fans and nothing has been said to inspire confidence in potential investors. It just seems like the money will be added to somebodys

pension fund. Good Luck anyway I hope things work out for you, I do think the best option would be to consolidate in the Championship but unfortunately the option of playing yourself back into Super League, as we did, is not open to you.

All the best.

Awww mate sorry just booked a week for Catalan in June





Hope to see updates tomorrow though and GOOD LUCK!!!