AGM

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Casmania
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Re: AGM

Post by Casmania » 14 Dec 2019, 14:13

casjunction wrote: 14 Dec 2019, 10:07 Out of curiosity.
How did you find out about the valid reason.
I presume it must be some form of official channel or private email.
Does the author or originator of the message have some senior official capacity.
If this is the case should future questions on aricles, practice and proceedures be addressed to them.
Not being from or ever having lived in Cas l am not aware of the politics of the club.
I can understand your frustration but it does in my opinion harm rather than help your cause using the forum in this way.
So Seasons Greetings.
Not a great deal to be merry about after yesterday's outcome.
Bah Humbug
There is a very valid reason, nothing sinister, can we leave it there please.
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Re: AGM

Post by casjunction » 14 Dec 2019, 23:52

Casmania
I hax left it there.
I did not ask what the valid reason was
However yoyr response would maje me even more curious.
However l am not that concerned.
Until either get their kit on or come up with game plans at their AGM l have little interest just idling away a few out of season minutes.
Seasons Greetings

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Re: AGM

Post by Lofthouse Tiger » 15 Dec 2019, 11:31

tigerfeat wrote: 13 Dec 2019, 12:35 When IF took over from his dad he made a point of saying anyone who thinks i would do anything to the detriment of CTRLFC knowing how much the club meant to my mam and dad are very much mistaken
Maybe if there is a AGM or at the next QandA someone will push him on this
I recall this being said and he has done exactly what he said he wouldn’t do. If he believes he hasn’t then he is very deluded.

Would also like to know who decided on what the interest would be paid at. Was this just IF telling the club what he wanted or was it done by people who know what they are doing?

Would the club be in the position it is if Jack was still with us? By this I mean paying interest on loans and demanding more shares. I think not.

Also how can all the additional shares be given yet the loans still be in place? We’re the shares given to pay the loans back? If not then why were the shares given in the first place?

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Re: AGM

Post by HuddsTigers » 15 Dec 2019, 15:01

mart0042 wrote: 13 Dec 2019, 12:14
casjunction wrote: 13 Dec 2019, 11:37 I sincerely hope that is the case.
Hudds will know more definitely.
My understanding is that the freehold of the land will be transferred to the club for £1.

In essence, the Fulton family do own the club through shareholding but the ground will be an asset of the club.

Like Wheldon Road at the moment, if the Fulton's called in their debt it would be serviced towards covering debts. That is the same for bank loans or any other creditors. Obviously secured creditors will come first.

I think it is being made more of a fuss than it needs to be. I wouldn't be surprised IMO, as soon as the new stadium is built, that WR will be used to service the debt owed. The plan as far as I know it is that WR will be converted into a training facility but there's no need for the land around it, which could be sold off.
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Re: AGM

Post by Casmania » 15 Dec 2019, 20:38

HuddsTigers wrote: 15 Dec 2019, 15:01
mart0042 wrote: 13 Dec 2019, 12:14
casjunction wrote: 13 Dec 2019, 11:37 I sincerely hope that is the case.
Hudds will know more definitely.
My understanding is that the freehold of the land will be transferred to the club for £1.

In essence, the Fulton family do own the club through shareholding but the ground will be an asset of the club.

Like Wheldon Road at the moment, if the Fulton's called in their debt it would be serviced towards covering debts. That is the same for bank loans or any other creditors. Obviously secured creditors will come first.

I think it is being made more of a fuss than it needs to be. I wouldn't be surprised IMO, as soon as the new stadium is built, that WR will be used to service the debt owed. The plan as far as I know it is that WR will be converted into a training facility but there's no need for the land around it, which could be sold off.
Initially, the new stadium was planned to run as a C. I. C (community interest club) however Castleford RLFC was then a public limited company. As I understand due to share allocation and the club now being a private limited company IF will own both WR and the new stadium. Due to the untimely death of both Jack and Bridie Fulton, the club had to work through a difficult process with the executors of the Fulton Estate to secure the clubs future.
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Re: AGM

Post by Tamworth Tiger » 15 Dec 2019, 21:12

I have to say that if that’s correct (and I have no reason to assume that it isn’t) , I’m stunned that the Council would grant a planning permission for a major green belt development with no requirement that the main community gain ( the Stadium) would be safeguarded long term as a community asset. I hope that the stadium site has covenants on to guarantee its long term use for sport

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Re: AGM

Post by Robbo » 15 Dec 2019, 22:05

Does anyone really think a new retail park will open there?
Retail as you will see (post Christmas ) in the traditional way is in serious decline.
Funding will never be found to build retail as we stand.
Bad timing again but the cycle is against us.
Let’s hope there is a plan B

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Re: AGM

Post by Casmania » 15 Dec 2019, 22:27

Robbo wrote: 15 Dec 2019, 22:05 Does anyone really think a new retail park will open there?
Retail as you will see (post Christmas ) in the traditional way is in serious decline.
Funding will never be found to build retail as we stand.
Bad timing again but the cycle is against us.
Let’s hope there is a plan B

Robbo
At last years agm, it was stated that a 'plan b' would be looked at, however there was no information/indication of how serious or to what that option may be.

Unfortunately shareholders will not be able to ask about this as I understand there will be NO AGM this year.
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Re: AGM

Post by tigerfeat » 15 Dec 2019, 22:37

I'd be interested to know what any plan B could be
Other than spending a shed load of money trying to get the ground upgraded I can't see what other viable options there would be
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Re: AGM

Post by casjunction » 16 Dec 2019, 00:43

I am rather confused not being a shate holder.
But Robbo obviously is and uses the forum to in my opinion vent his spleen as no formal avenue appears available.
If l have misunderstood it's a few years since an AGM was held..
Casmania whom l assume is also a shareholder seemed to indicate an AGM was held last year.
He also seemed to admonish me for mentioning that there was a valid reason for the delay, cancellation, deferment of the AGM
If people post on this forum surely it is there for comment and or debate.
Not for the mods who in general l respect to act as some Orwellian thought police.
I have always wanted the dream to be true but in the real world doubted why anyone would chose to invest millions in such a disadvantaged area.
It never made commercial sense but then again Turkeys have recently voted for Christmas.
So now Brexit will happen
That obstacle is no longer there will the development go ahead.
About as likely as Eton having Rugby League on the curriculum.
It's time to spend money, harness volunteers or whatever.
We are going to be at Wheldon Road for the foreseeable future.
Let's hope the club make a statement soon and action not ling after.
Season Greetings and here to 2020 and many more years at Wheldon Road.
Perhaps we should approach Time Team for Sponsorship.

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Re: AGM

Post by Casmania » 16 Dec 2019, 03:38

casjunction wrote: 16 Dec 2019, 00:43 I am rather confused not being a shate holder.
But Robbo obviously is and uses the forum to in my opinion vent his spleen as no formal avenue appears available.
If l have misunderstood it's a few years since an AGM was held..
Casmania whom l assume is also a shareholder seemed to indicate an AGM was held last year.
He also seemed to admonish me for mentioning that there was a valid reason for the delay, cancellation, deferment of the AGM
If people post on this forum surely it is there for comment and or debate.
Not for the mods who in general l respect to act as some Orwellian thought police.
I have always wanted the dream to be true but in the real world doubted why anyone would chose to invest millions in such a disadvantaged area.
It never made commercial sense but then again Turkeys have recently voted for Christmas.
So now Brexit will happen
That obstacle is no longer there will the development go ahead.
About as likely as Eton having Rugby League on the curriculum.
It's time to spend money, harness volunteers or whatever.
We are going to be at Wheldon Road for the foreseeable future.
Let's hope the club make a statement soon and action not ling after.
Season Greetings and here to 2020 and many more years at Wheldon Road.
Perhaps we should approach Time Team for Sponsorship.
You have misunderstood an AGM has been held every year!

I have certainly not admonished you in anyway??? I was suggesting in a broad manner in a comment as to try and avoid any speculation. My general comment was certainly not aimed at you, but it appears you deliberately want to take it that way.
I resent the Orwellian jibe. Without moderation, this forum would quickly descend into nothing but abusive name calling. Its only when abuse, potential libel or thread derailment appears does a mod get involved.
It is a thankless, time consuming task, especially when dealing with numerous private messages and requests from users who complain or report other users/posts.

I hope that clarifies things for you.
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Re: AGM

Post by Piquad1 » 16 Dec 2019, 05:47

Here here well said. And totally agree with you.

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Re: AGM

Post by HuddsTigers » 16 Dec 2019, 08:26

tigerfeat wrote: 15 Dec 2019, 22:37 I'd be interested to know what any plan B could be
Other than spending a shed load of money trying to get the ground upgraded I can't see what other viable options there would be
Upgrading Wheldon Rd.
In the spirit of the final Blackadder episode - Goooodbyeee!

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Re: AGM

Post by tigerfeat » 16 Dec 2019, 08:41

That's what we should have started doing ten years ago
It will be a hell of a task now IMO
The measure of who we are is what we do with what we have
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Re: AGM

Post by the machine » 16 Dec 2019, 10:23

tigerfeat wrote: 16 Dec 2019, 08:41 That's what we should have started doing ten years ago
It will be a hell of a task now IMO
It needs knocking down and starting from scratch,sadly something that would cost far too much to be achievable
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Re: AGM

Post by tigerfeat » 16 Dec 2019, 10:39

the machine wrote: 16 Dec 2019, 10:23
tigerfeat wrote: 16 Dec 2019, 08:41 That's what we should have started doing ten years ago
It will be a hell of a task now IMO
It needs knocking down and starting from scratch,sadly something that would cost far too much to be achievable
Hence i dont see there being a realistic plan b now
The measure of who we are is what we do with what we have
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Re: AGM

Post by HuddsTigers » 16 Dec 2019, 18:47

tigerfeat wrote: 16 Dec 2019, 08:41 That's what we should have started doing ten years ago
It will be a hell of a task now IMO
If we had £20m to spare to do it up. It's not viable when there's an easier and much more affordable plan A. A modern new stadium is worth significantly more what Wheldon Rd could do.
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Re: AGM

Post by tigerfeat » 16 Dec 2019, 18:56

HuddsTigers wrote: 16 Dec 2019, 18:47
tigerfeat wrote: 16 Dec 2019, 08:41 That's what we should have started doing ten years ago
It will be a hell of a task now IMO
If we had £20m to spare to do it up. It's not viable when there's an easier and much more affordable plan A. A modern new stadium is worth significantly more what Wheldon Rd could do.
Agree ...I just wondered what the plan b was if the site at Glasshoughton with a new ground attached dosnt get built
The measure of who we are is what we do with what we have
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Re: AGM

Post by HuddsTigers » 16 Dec 2019, 19:14

The plan B that was in the newsletter 6 months ago was to do up WR. I would imagine it will be similar to Hull KR - probably new main stand first. Ask for £2m from WMDC a la Wakefield.
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Re: AGM

Post by Robbo » 16 Dec 2019, 23:15

Cas junction
There has always been an AGM and the thread started by asking if one had been called.
The club was owned by shareholders since its inception.
Due to no fault of shareholders it now seems we are an no longer to be part of that ownership.
Were holders bought out? No
Were holders given a choice ? Yes

However so loaded was the question that some bought into the trust and stoped the club folding.

I and others warned this may happen but the vote was carried.

I think we may get a final AGM if the club are pressurised .
If not only time will tell what the future holds
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