Re: Fans Meeting Monday : Mon Jul 02, 2012 9:32 pm  

Was this just another "Hood Forum" type meeting. A lot of talking, no-one leaves with any new info, just more frustration. Sounds like it to be honest, unfortunately.

Re: Fans Meeting Monday : Mon Jul 02, 2012 9:32 pm  

Bulls4Champs wrote:

So if we had 800k on the table only last week, and 500k from 'Greenwoods', whats the problem?

Guilfoyle said the £800k was in the form of soft loans, NOT investment. Was that what people thought Mr Caisley was bringing?

Bear in mind though that we do not know how near or otherwise the Greenwoods deal was to being agreed before the Intervention, nor do we know if the due dilligence identified impediments or concerns, and nor do we know how likely investment would be now.

Something that has been really bugging me since the meeting: all the talk was of needing only a fairly modest amount to see out the season. A far cry from the £1.2m that was being talked about before. Then when someone asked about the £800k that was supposed to be already sitting there available, Guilfoyle said that was in the form of soft loans (I heard some folk express that it was "only loans") and that these "might be available still" to any supporter-owned investment vehicle.

???

We either needed that £800k or we did not.

If it "may" be available, but all the talk was of engineering a supporter-owned vehicle to invest in the club but not on the scale of £1.2m, then something does not stack up somewhere?

I hope someone who has been party to all this - there seemed to be quite a few at the front - can clarify, since I was quite confused as to just how much money WOULD be needed, and from whom?

Re: Fans Meeting Monday : Mon Jul 02, 2012 9:39 pm  

Bulls4Champs wrote:

http://www.itv.com/news/calendar/2012-07-02/bradford-bulls-could-have-an-extra-fortnight-before-the-club-goes-bust/

Quote....
Guilfoyle, who was accompanied by sports lawyer David Hinchcliffe, a Bulls fan, told supporters he had been "dealt a very poor set of cards".

David Hinchcliffe - quick Google shows his background.

Re: Fans Meeting Monday : Mon Jul 02, 2012 9:40 pm  

Adeybull wrote:

Guilfoyle said the £800k was in the form of soft loans, NOT investment. Was that what people thought Mr Caisley was bringing?

Bear in mind though that we do not know how near or otherwise the Greenwoods deal was to being agreed before the Intervention, nor do we know if the due dilligence identified impediments or concerns, and nor do we know how likely investment would be now.

Something that has been really bugging me since the meeting: all the talk was of needing only a fairly modest amount to see out the season. A far cry from the £1.2m that was being talked about before. Then when someone asked about the £800k that was supposed to be already sitting there available, Guilfoyle said that was in the form of soft loans (I heard some folk express that it was "only loans") and that these "might be available still" to any supporter-owned investment vehicle.

???

We either needed that £800k or we did not.

If it "may" be available, but all the talk was of engineering a supporter-owned vehicle to invest in the club but not on the scale of £1.2m, then something does not stack up somewhere?

I hope someone who has been party to all this - there seemed to be quite a few at the front - can clarify, since I was quite confused as to just how much money WOULD be needed, and from whom?

Well I didnt know that, I can only go on what I hear and that was that potential investors would invest 800k if we could find 400k, so obviously he was talking bollox

What does he mean by soft loans? Loans from friends with no real commitment to pay back until we are able to?

Re: Fans Meeting Monday : Mon Jul 02, 2012 9:43 pm  

Adeybull wrote:

Something that has been really bugging me since the meeting: all the talk was of needing only a fairly modest amount to see out the season. A far cry from the £1.2m that was being talked about before. Then when someone asked about the £800k that was supposed to be already sitting there available, Guilfoyle said that was in the form of soft loans (I heard some folk express that it was "only loans") and that these "might be available still" to any supporter-owned investment vehicle.

???

We either needed that £800k or we did not.

If it "may" be available, but all the talk was of engineering a supporter-owned vehicle to invest in the club but not on the scale of £1.2m, then something does not stack up somewhere?

I hope someone who has been party to all this - there seemed to be quite a few at the front - can clarify, since I was quite confused as to just how much money WOULD be needed, and from whom?

The same thing's been bugging me - but from earlier in the day. In one of today's T&A articles it says "But with a tax bill of about £300,000 wiped out by going into administration, Mr Guilfoyle estimates it might cost any prospective new owner only about £500,000 to see the club through to the end of the season."

???

Re: Fans Meeting Monday : Mon Jul 02, 2012 9:43 pm  

daveyz999 wrote:

Quote....
Guilfoyle, who was accompanied by sports lawyer David Hinchcliffe, a Bulls fan, told supporters he had been "dealt a very poor set of cards".

David Hinchcliffe - quick Google shows his background.

Surprise surprise, you couldn't write this

Re: Fans Meeting Monday : Mon Jul 02, 2012 9:44 pm  

daveyz999 wrote:

Quote....
Guilfoyle, who was accompanied by sports lawyer David Hinchcliffe, a Bulls fan, told supporters he had been "dealt a very poor set of cards".

David Hinchcliffe - quick Google shows his background.

It's OK! "Having him as part of your team hugely increases your chance of success!"

Re: Fans Meeting Monday : Mon Jul 02, 2012 9:59 pm  

feebleweasel wrote:

daveyz999 wrote:

Quote....
Guilfoyle, who was accompanied by sports lawyer David Hinchcliffe, a Bulls fan, told supporters he had been "dealt a very poor set of cards".

David Hinchcliffe - quick Google shows his background.

It's OK! "Having him as part of your team hugely increases your chance of success!"

Pretty sure he was involved in both administration periods at City. The first resulting cva lasted all of 2 years which isn't exactly a resounding recommendation of his abilities.

Re: Fans Meeting Monday : Mon Jul 02, 2012 10:08 pm  

Asim wrote:

Pretty sure he was involved in both administration periods at City. The first resulting cva lasted all of 2 years which isn't exactly a resounding recommendation of his abilities.

Correct.

Re: Fans Meeting Monday : Mon Jul 02, 2012 10:15 pm  

daveyz999 wrote:

Quote....
Guilfoyle, who was accompanied by sports lawyer David Hinchcliffe, a Bulls fan, told supporters he had been "dealt a very poor set of cards".

David Hinchcliffe - quick Google shows his background.

David is a life long Northern / Bulls fan, but clearly has connections to the Caisley camp, but also huge experience in these sorts of messes.