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Old 1st December 2019, 19.38:17   #21-0 (permalink)
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Default Re: Simon Rhodes resigns from WST board

I'll also add one friend of the board claimed we had either £750k or £1 million sat in the bank when people were questioning how the new training would be funded. That poster claimed Pete Jones told them at some supporter meeting.

A mate of Pete's quickly jumped in saying that wasn't the case and came up with some bullsh*t that evades me right now. That same poster is claiming we have £1 million sat in the bank today, they lie until they tie themselves up in knots.

Where's that money come from?
Old 1st December 2019, 19.40:06   #22-0 (permalink)
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Default Re: Simon Rhodes resigns from WST board

Quote:
Originally Posted by louisleftboot View Post
In fairness, I believe that was because they didnít want to hand over the saved cash to the Moss regime. It was well know the Trust had a fund that Moss was desperate to get his hands on. Offered a seat on the board for the 400k the trust had etc. That would have just been pissed up the wall/spent on the flats.

The Trust has messed up, but not everything they have done has been terrible. The finance guy for the Trust always comes across as the smartest bloke on the team, especially at the meetings I attended during and the year or two after the takeover.
Im not doubting for a minute he isnít the smartest bloke and to be fair our finances are healthy, but thatís almost irrelevant when weíre sitting at the bottom the league isnít it.

I was led to believe it was impossible to access the money at the time, and like you said even it was, it was seen as Ďhanding over cash to the mosss regimeí. This showed how dangerous the current regime were, because it wasnít a case of handing money over to the moss regime, it was paying a bond to ensure the football clubs future, this demonstrated early on the political nonsensical bullshit some of the wst loonies play.
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Old 1st December 2019, 19.45:49   #23-0 (permalink)
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Default Re: Simon Rhodes resigns from WST board

Quote:
Originally Posted by louisleftboot View Post
In fairness, I believe that was because they didnít want to hand over the saved cash to the Moss regime. It was well know the Trust had a fund that Moss was desperate to get his hands on. Offered a seat on the board for the 400k the trust had etc. That would have just been pissed up the wall/spent on the flats.

The Trust has messed up, but not everything they have done has been terrible. The finance guy for the Trust always comes across as the smartest bloke on the team, especially at the meetings I attended during and the year or two after the takeover.
There was quite rightly resistance to stop the previous owner getting the WST money but I believe those on this thread are referring to the bond required by the league which the then owners were unwilling to provide. - Placing the club in jeopardy

That all important bond was provided by fans (organised outside of the WST and by just a handful of well organised individuals.) I might be challenged on this but it wasn't the WST boards finest hour.
Old 1st December 2019, 20.11:55   #24-0 (permalink)
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Default Re: Simon Rhodes resigns from WST board

Quote:
Originally Posted by GiggityGiggityGiggityGoo View Post
I'll also add one friend of the board claimed we had either £750k or £1 million sat in the bank when people were questioning how the new training would be funded. That poster claimed Pete Jones told them at some supporter meeting.

A mate of Pete's quickly jumped in saying that wasn't the case and came up with some bullsh*t that evades me right now. That same poster is claiming we have £1 million sat in the bank today, they lie until they tie themselves up in knots.

Where's that money come from?
I constantly hear from friends of the board that we're sitting on a load of cash, which isn't a good thing as it is. We should be investing the cash that we have, not keeping it in the bank.

Thanks for the response.
Old 1st December 2019, 20.24:47   #25-0 (permalink)
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Default Re: Simon Rhodes resigns from WST board

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Originally Posted by Hometown Unicorn View Post
I constantly hear from friends of the board that we're sitting on a load of cash, which isn't a good thing as it is. We should be investing the cash that we have, not keeping it in the bank.

Thanks for the response.
https://beta.companieshouse.gov.uk/c...filing-history

To be precise we have GBP 1,031,274 since at least the 1st of June, how much remains I don't know.

Anyone any ideas on who the mystery benefactor is? Been saving this up for a very long while.

Last edited by GiggityGiggityGiggityGoo; 1st December 2019 at 20.28:17..
Old 1st December 2019, 20.28:48   #26-0 (permalink)
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Default Re: Simon Rhodes resigns from WST board

Quote:
Originally Posted by GiggityGiggityGiggityGoo View Post
https://beta.companieshouse.gov.uk/c...filing-history

To be precise we have GBP 1,031,274 since at least the 1st of June, how much remains I don't know.

Anyone any ideas on who the mystery benefactor is?
Not quite. That figure is the number of shares held in the company at a nominal value of £1 it has no relation to the bank balance. It looks like the WST injected £100k in on the 1st June
Old 1st December 2019, 20.31:58   #27-0 (permalink)
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Default Re: Simon Rhodes resigns from WST board

There is also Mark Williams as director?
Old 1st December 2019, 23.48:31   #28-0 (permalink)
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Default Re: Simon Rhodes resigns from WST board

Quote:
Originally Posted by GiggityGiggityGiggityGoo View Post
https://beta.companieshouse.gov.uk/c...filing-history

To be precise we have GBP 1,031,274 since at least the 1st of June, how much remains I don't know.

Anyone any ideas on who the mystery benefactor is? Been saving this up for a very long while.
Last WST meeting it was made clear that we had now received the full amount from Liverpool.
Initially it was thought that it was being paid in stages relative to the length of Wards contract.
Old 2nd December 2019, 12.04:41   #29-0 (permalink)
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Default Re: Simon Rhodes resigns from WST board

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Originally Posted by LL11 2AH View Post
Iíve heard this afternoon that Simon Rhodes has resigned from the WST board due the shambles that the club finds itself in. The house of cards is crumbling fast, Richard Ulrich, Mike Lewis, Mark Jones, Jonathan Hughes and now Simon Rhodes have all resigned this year due to being unhappy.

There is something rotten at the heart of the club.
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Add Don Bircham, Barrie Horne , Bryn Laws ,
Old 2nd December 2019, 12.41:20   #30-0 (permalink)
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Default Re: Simon Rhodes resigns from WST board

Quote:
Originally Posted by Quay Red View Post
Last WST meeting it was made clear that we had now received the full amount from Liverpool.
Initially it was thought that it was being paid in stages relative to the length of Wards contract.
How can they not know?

My understanding is such clauses must be payed immediately just in case the other clubs involved got bust before payment is recieved. I'm sure it's a FIFA rule.

Amazing it's all suddenly been payed when in the mire, it was all payed up front in the first place.

Last edited by GiggityGiggityGiggityGoo; 2nd December 2019 at 12.43:46..
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