Re: HEARD A LITTLE RUMOUR......... : Tue Jun 19, 2012 12:49 pm  

tigertot wrote:

I would expect there to be something in the lease binding Bulls to play there. Presumably that would be null & void if they went into admin? As long as the son of Bulls were still a big draw, at VP or Odsal, the RFL couldn't afford to be bitter & twisted & not grant a licence.

Bradford hope!

ooooooo its all very exciting.

Re: HEARD A LITTLE RUMOUR......... : Tue Jun 19, 2012 12:50 pm  

Roofaldo wrote:

... I'm not against a move to VP. It'd certainly tick all the boxes for stadia in the franchise stakes ...

Apart, perhaps, a pretty fundamental one which is not having a reasonable sized rugby pitch upon which to play SL.

[Bulliac]

Re: HEARD A LITTLE RUMOUR......... : Tue Jun 19, 2012 3:04 pm  

tigertot wrote:

I would expect there to be something in the lease binding Bulls to play there. Presumably that would be null & void if they went into admin? As long as the son of Bulls were still a big draw, at VP or Odsal, the RFL couldn't afford to be bitter & twisted & not grant a licence.

When Bulls returned from VP the last time, the Odsal settlement, whereby the club received money upfront (ostensibly to pay for some of the costs of upkeep, which became the club's responsibility) contained a clause to the effect that some of that cash would have to be repaid if they didn't play around 90% of home games at Odsal until (I think) 2018. I guess that in the case of insolvency and winding up then that would disappear along with everything else.

Not sure about admin though; if the same company comes out the other side of admin, even with new owners, then probably the liabilities and responsibilities under the lease will remain, unless they can be re-negotiated?

Re: HEARD A LITTLE RUMOUR......... : Tue Jun 19, 2012 3:14 pm  

Same company virtually never does.

Re: HEARD A LITTLE RUMOUR......... : Tue Jun 19, 2012 3:29 pm  

correct Bulliac, May 2019 to be overprecise, the repayment is given in the 2010 accounts as £1.4M, a guesstimate of it as of today would be around the £1.0M mark. It would not surprise me if the notification to go into admin is a negotiating ploy, to either reduce rent at Odsal or to get rid of this contingent liability so that a move to VP is possible.

[Bulliac]

Re: HEARD A LITTLE RUMOUR......... : Tue Jun 19, 2012 4:37 pm  

martinwildbull wrote:

correct Bulliac, May 2019 to be overprecise, the repayment is given in the 2010 accounts as £1.4M, a guesstimate of it as of today would be around the £1.0M mark. It would not surprise me if the notification to go into admin is a negotiating ploy, to either reduce rent at Odsal or to get rid of this contingent liability so that a move to VP is possible.

The move to VP is being continually touted.
One of the often repeated assumptions about VP is that the Gibb pension fund (owners of the ground) would simply allow both clubs to share the current rental paid by City. I've got to say I can't imagine why this would actually be the position. I suspect they would be rubbing their hands, to be honest, especially if the Bulls burn their boats at Odsal. If it is the case that the current board is moving along those lines I hope Mr coulby (or whoever is running the show) keeps his wits about him.

Re: HEARD A LITTLE RUMOUR......... : Tue Jun 19, 2012 4:41 pm  

Bully_Boxer wrote:

Perhaps the RFL would simply sell the lease on for a tidy profit? I expect a
piece of land that big right next to the motorway might be appeal to certain businesses.

As I see it Bradford City Council own the land, the RFL own a long lease from BCC

If the RFL wanted to sell that long lease to a developer it would need the permission of the council.

Re: HEARD A LITTLE RUMOUR......... : Tue Jun 19, 2012 4:48 pm  

I think in the current economic climate providing you handed over some cash to the council they would let you use the ground for nuclear testing. Though to be fair such activity has not exactly helped the game in Cumbria!

Re: HEARD A LITTLE RUMOUR......... : Tue Jun 19, 2012 4:51 pm  

Bulliac wrote:

I hope.....whoever is running the show... keeps his wits about him.

I agree with your view on vp, we would be in an exceptionally weak position regarding negotiating with any of the parties involved, and the only long term winner in that scenario imo is the pension fund.

The above quote is also why I have little confidence atm, when was the last time someone running our club appeared to have their wits (or common sense) about their person?

Re: HEARD A LITTLE RUMOUR......... : Tue Jun 19, 2012 5:05 pm  

Northernrelic wrote:

I think in the current economic climate providing you handed over some cash to the council they would let you use the ground for nuclear testing. Though to be fair such activity has not exactly helped the game in Cumbria!

Might do though. The government has almost finalised a deal with Cumbria to give them a £quadragazillion to build a megadump underground for storing nuclear waste. By analogy to what cam out of the Yorkshire pits in the game's heyday, Cumbria could do the same, only with the added benefit of mutants.