could us fans save the club : Tue Jun 26, 2012 8:34 pm  

now i know a lot of you have given money all ready and not everyone can afford to give more money in this hard economic time but do you think the fans could have part ownership in the club. I understrand that Brendan Guilfoyle says we need £300,000 in 10 days. Im sure there will e talks with investors but do you think us fans could at least have one last push because i am not prepared to lose this club.

Re: could us fans save the club : Tue Jun 26, 2012 8:42 pm  

I doubt we'd have enough time to get the legal stuff in place to form a committee then go through the stuff with the RFL in ten days.

I would love this to be the case but i really can't see it being possible unfortunately.

Us fans are better off saving our brass right now IMO (I did pledge first time round) because it's now up to the money men. If liquidation happens that's when we can look to ownership of a Bradford club but in Championship one. Right now I'd take that over getting the p155 taken out of me by the club's owner's.

Re: could us fans save the club : Tue Jun 26, 2012 8:42 pm  

We would then need to come up with another £300,000 next month. Isn't this figure only to pay this months wages.

Re: could us fans save the club : Tue Jun 26, 2012 8:46 pm  

daveyz999 wrote:

We would then need to come up with another £300,000 next month. Isn't this figure only to pay this months wages.

There's the problem. It's not about next months wages, its about the wages every month after + all the other ongoing costs.

Re: could us fans save the club : Tue Jun 26, 2012 8:48 pm  

Really needs someone to bankroll us until the end of the season, then put in place a viable business plan.

Re: could us fans save the club : Tue Jun 26, 2012 9:31 pm  

Not practicable.

If the administrator cannot find a new owner in the next couple of weeks, it's all academic anyway. And the very last thing any prospective owner would want is fragmented shareholding. It was fragmented shareholding largely responsible for us being in this mess in the first place.

Re: could us fans save the club : Tue Jun 26, 2012 10:14 pm  

afraid it is too late to set it up legally your only hope is that they do have someone in the shadows, at Wakefield we hadn't the hidden extra owed and it was far less than the Bulls have hanging over their heads

Re: could us fans save the club : Tue Jun 26, 2012 10:25 pm  

What "hidden extra owed"?

There is none.

I said several months ago that the huge difference between the Bulls and Wakey situations was that the Bulls cost base was considerably higher than Wakey's, and the ongoing funding gap correspondingly far larger. That was why what worked for Wakey would not work for the Bulls. As the administrator has effectively confirmed today.

Re: could us fans save the club : Wed Jun 27, 2012 7:24 am  

Adeybull wrote:

Not practicable.

If the administrator cannot find a new owner in the next couple of weeks, it's all academic anyway. And the very last thing any prospective owner would want is fragmented shareholding. It was fragmented shareholding largely responsible for us being in this mess in the first place.

I think our current mess is the responsibility of the SHAREHOLDERS not the fact the company has multiple shareholders which the post above implies. Most large organisations have a large a varied share structure and professional executive directors. Unfortunately for the Bulls our main shareholders could not work with each other and assumed moderate success in other lines of business made them suitable managers for a sports club and the result has clearly been a disaster.

Re: could us fans save the club : Wed Jun 27, 2012 10:59 am  

Cleck Bulls wrote:

now i know a lot of you have given money all ready and not everyone can afford to give more money in this hard economic time but do you think the fans could have part ownership in the club. I understrand that Brendan Guilfoyle says we need £300,000 in 10 days. Im sure there will e talks with investors but do you think us fans could at least have one last push because i am not prepared to lose this club.

True supporters. Good luck, never say die. Hope you can sort it, fantastic to see so many who are not giving up.

Rock 'n' Roll.