According to Martyn Sadler on Twitter it's not true and nobody's been made redundant.

I was there that day and had a tenner at 7/1 on sheffield to win, i reckon a few others had a lot more on and they may have already got a few medals

Nice to see someone of Tony Smith's stature in the game coming out with a statement like this, maybe if Kear goes we could lend them SM www.superleague.co.uk/article.php?id=21045

Nice to see someone of Tony Smith's stature in the game coming out with a statement like this, maybe if Kear goes we could lend them SM www.superleague.co.uk/article.php?id=21045

I don't wish to be naive but what has been Wakefield’s downfall? I know they've been bailed out previously but is there plight now down to trying desperately to get a new stadium? I would imagine that a lot of time and pennies has been spent on trying to get that up and running. Or is it simply down to paying too much wages? I don't know they have any in particular stand out players that would be on a fortune. Without being a stato I would presume they've constantly had better attendances than us and finishing higher in the league ladder than ourselves, what’s keeping us afloat, one would presume Mr Wilkinson or maybe the money from Myler and maybe Turner (not sure if he was sold or contract expired). In that case I fear the day our chairman steps down.

Basically Wakefield took out a loan a few years ago of £1m against a future land sale to Sainsbury's. The land was owned by the chairman Ted Richardson but when the land was eventually purchased it only sold for about £80,000. The land deal must have been kind of index linked and when land prices dropped due to the recession it left a huge shortfall. There is currently a legal battle between Ted Richardson and his solicitors on the grounds of wrongful advice.

Wakefield have been over the salary cap as well, and their crowds were only slightly better than ours, perhaps they did too many promotions to get people in which didn't pay off, or their sponsorship may not be as great as ours.

Wakey now out of [url=http://news.bbc.co.uk/sport1/hi/rugby_league/super_league/wakefield/9394711.stmAdmin.[/url

Just heard on skysports news that they have agreed sale of club and have come out of administration i am glad for the club and there fans.

The business of Ted Richardsons personal strife with Sainsburys does not involve the club.



The ground was sold to an Isle of Man based company called Trillion in 2007.(they told us fans last year!!) The price being £2.8 million. Trillion paid around £1 million to Wakefield of which most went in paying the bank overdraft off, we're told. To fund the purchase Trillion borrowed around £2 million from the Bank of Ireland. Before the balance could be paid (end of this season I believe) Trillion defaulted on the loan to the B of I and as such the B of I now have a charge on Belle Vue and we seem to be in the crazy situation of having to pay them rent to play there this year. Keeping up so far....?

A closer look at Trillion seems to reveal that their directers are/were Ted Richardson and some of his family members. (who were up to yesterday employed at Wakefield Trinity).

So LyndsayGill what your actually saying is that Wakefield were responsible for the Irish economy going t*ts up and having to be bailed out by Europe, the same economy that George Osbourne has based his economy recovery plan on, i bet he didn't factor in the Wakefield question.

I love all these wheels within wheels deals that go on behind the scenes. They seem so spectacular but still go on. In these days of easy access to info and transparency i cant believe the bods at Wakey thought they could keep this quiet

No franchise for us as we've forced up the price of Guinness.