FORUMS FORUMS






RLFANS.COM
Celebrating
25 years service to
the Rugby League
Community!

   WWW.RLFANS.COM • View topic - Is it time for the RFL...
RankPostsTeam
International Star1149
JoinedServiceReputation
Apr 09 201212 yearsN/A
OnlineLast PostLast Page
10th Nov 19 18:1010th Nov 19 18:09LINK
Milestone Posts
1000
2500
Milestone Years
0510 1520 2530
Location
City of Sails

Re: Is it time for the RFL... : Thu Jul 05, 2012 11:51 am  
Remember BG has thoughtfully lowered the costs for the rest of the season.
RankPostsTeam
International Star1934No
Team
Selected
JoinedServiceReputation
May 09 201113 yearsth
OnlineLast PostLast Page
15th Nov 23 14:0123rd Mar 23 01:19LINK
Milestone Posts
1000
2500
Milestone Years
0510 1520 2530

Re: Is it time for the RFL... : Thu Jul 05, 2012 12:02 pm  
MicktheGled wrote:
The potential investor at the DW expressed his/her utter frustration at repeated attempts (from Wednesday 27th) to contact Brendan Guilfoyle. All attempts, sadly to no avail.

I'm not claiming foul play, but I firmly believe the game changed on Monday evening - the gentleman from Greenwoods.

Another frequent poster on here made the Sherlock Holmes discovery - in that the whole demeanour and expression of Mr Guilfoyle, was shell-shocked at what this gentleman was saying - in front of the media and 500 witnesses.

The above was the game changer.

As of 12:25pm on Thursday 5th July 2012.

There are now Five bids on the table for Mr Guilfoyle's consideration.


So he turned up at the Guidepost to meet heaven knows who, having purposely ignored multiple offers in writing? email? phone? He then reacted with fake surprise when someone stood up at a public meeting and said I've been trying to get hold of you?

Whatever you do folks, don't let the tiniest bit of logic get in the way of keeping this one running.
User avatar
RankPostsTeam
International Star1704
JoinedServiceReputation
Aug 10 201113 yearsN/A
OnlineLast PostLast Page
23rd Oct 23 19:2114th Dec 20 20:27LINK
Milestone Posts
1000
2500
Milestone Years
0510 1520 2530
Location
100 MILES FROM PARADISE
Signature
A Pie is for life, not just a Wembley Final

Re: Is it time for the RFL... : Thu Jul 05, 2012 12:11 pm  
Ferocious Aardvark wrote:
Are you seriously asking whether we have interested parties queuing up to pay off the debts in full? Seriously?


that's the problem, loads of fans are now thinking we have investors interested in saving the club, when in reality it is more likely no-one wants to pay HMRC the £500k+ they are owed and the offers are to buy the assets of club once the club is liquidated as HMRC want their pound of flesh and will continue the winding up action
User avatar
RankPostsTeam
International Board Member28357
JoinedServiceReputation
Feb 17 200222 yearsN/A
OnlineLast PostLast Page
16th Feb 20 11:2324th Oct 19 15:32LINK
Milestone Posts
25000
30000
Milestone Years
0510 1520 2530
Location
MACS0647-JD
Signature
Last edited by Ferocious Aardvark on stardate Jun 26, 3013 11:27 am, edited 48,562,867,458,300,023 times in total

Re: Is it time for the RFL... : Thu Jul 05, 2012 12:12 pm  
:?

How would "logic" help anyone to understand that peculiar scenario, then?

Guilfoyle seemingly did not know this chap or his group had been trying to contact him. The words "purposely ignored" are I think yours.

Guilfoyle reacted with surprise at the intervention. The word "fake" is i think yours.

Prior to the meeting at which complaint about lines of cimmunication was directly voiced, there were no buyers. Shortly after it there seemingly are 5. Logic would suggest that the party of the chap who spoke up are likely to be one of them.
RankPostsTeam
International Star1934No
Team
Selected
JoinedServiceReputation
May 09 201113 yearsth
OnlineLast PostLast Page
15th Nov 23 14:0123rd Mar 23 01:19LINK
Milestone Posts
1000
2500
Milestone Years
0510 1520 2530

Re: Is it time for the RFL... : Thu Jul 05, 2012 1:04 pm  
Sorry I thought Mick was saying something other than that Guilfoyle is really lazy and just can't be bothered returning calls.

I don't know we didn't have a buyer before the meeting although Martyn Sadler says he knew of two consortium preparing bids last week, and I don't know we have 5 now. However, I'm intrigued to know what you think happened at the meeting to facilitate such a change.
User avatar
RankPostsTeam
International Board Member14145No
Team
Selected
JoinedServiceReputation
Dec 22 200122 yearsN/A
OnlineLast PostLast Page
16th Aug 20 18:2727th Oct 19 01:15LINK
Milestone Posts
10000
15000
Milestone Years
0510 1520 2530
Location
At the Gates of Delirium

Re: Is it time for the RFL... : Thu Jul 05, 2012 1:17 pm  
pie.warrior wrote:
that's the problem, loads of fans are now thinking we have investors interested in saving the club, when in reality it is more likely no-one wants to pay HMRC the £500k+ they are owed and the offers are to buy the assets of club once the club is liquidated as HMRC want their pound of flesh and will continue the winding up action


Can we kill all the confusion about liquidation?

And about the debts?

Unless someone is feeling VERY benevolant, the debts in their present form are history anyway as far as any new purchaser is concerned. The company has protection from its creditors whilst in administration. No buyer need take on ANY liabilities, other than those of any employees TUPEd across (see why they sacked them all on Monday...?). If a CVA results, the company retains x% of its liabilities and exits administration without proceeding to liquidation.

Liquidation is the LAST stage of the process, one that is commenced only when all other avenues have either been exhausted or what can be sold as any semblance of a going concern has been. AFTER.

The usual outcomes of adminsitration are:

1 - Assets sold to Newco; administrator uses proceeds to pay off himself (if the administration is "unfunded", as ours is) then make distributions to creditors as far as possible and in the statutory order of precedence. When he is discharged, anything left is passed to a liquidator to wind up and make any remaining distributions to creditors. Note AT THE END; or

2 - A Company Voluntary Arrangement (CVA) is proposed and agreed. Under this formal and supervised process, instead of flogging the assets to Newco, the existing company survives, and the creditors agree to accept x pence in the pound. In such cases, once the creditor have agree the CVA the administrator is discharged and the management (old or new) and owners (old or new) continue. If I was putting in a bid for the Bulls, I would be looking at exiting via a CVA if at all possible and affordable (I think HMRC would get sod all through any other route). That way, the same legal entity - and its contracts etc, unless already nullified by insolvency - should survive. Little things like the SL licence and the Odsal lease and the run-off agreement with the council as well as all the player contracts sort of spring to mind? Also the little matter of not necessarily resolving the shareholding problem though!

3 - Liquidation. Either (a) of the husk that is left after the business activity or assets have been sold off, or (b) of the whole lot if no buyer for the going concern has been found and the administrator concludes that continuing the administration is pointless and just incurring extra costs to further reduce what is left for the creditors. In the first case, you are usuallly talking months or years down the line, depending on how long the administrator has funds to be paid; in the second case, in an unfunded administration (like ours) the administrator could set a fairly short deadline beyond which he has to admit the administration has failed and the company must be liquidated.

3b is the situation the Bulls currently face if the administrator does not receive credible bids that provide a better return for the creditors. But once a winding-up order has been granted and a company is in liquidation, there is no way back. the assets are realised for cash ASAP, all the remaining staff are dismissed, and all contracts are nullified. We want to hope it is instead 1 or 2.
User avatar
RankPostsTeam
International Board Member14145No
Team
Selected
JoinedServiceReputation
Dec 22 200122 yearsN/A
OnlineLast PostLast Page
16th Aug 20 18:2727th Oct 19 01:15LINK
Milestone Posts
10000
15000
Milestone Years
0510 1520 2530
Location
At the Gates of Delirium

Re: Is it time for the RFL... : Thu Jul 05, 2012 1:22 pm  
M@islebugs wrote:
Sorry I thought Mick was saying something other than that Guilfoyle is really lazy and just can't be bothered returning calls.

I don't know we didn't have a buyer before the meeting although Martyn Sadler says he knew of two consortium preparing bids last week, and I don't know we have 5 now. However, I'm intrigued to know what you think happened at the meeting to facilitate such a change.


You have accused me (unfairly IMO) in the past of being unsually-supportive of the previous regime and agin the alternative.

Quite a few people now have observed to me that you seem to be unusually-supportive of the administrator, and agin any alternative POV. I have a number of texts on my phone and PMs etc on here and elsewhere saying precisely that.

Doubtless their observations about you are as unfounded as yours were about me?
RankPostsTeam
International Star1149
JoinedServiceReputation
Apr 09 201212 yearsN/A
OnlineLast PostLast Page
10th Nov 19 18:1010th Nov 19 18:09LINK
Milestone Posts
1000
2500
Milestone Years
0510 1520 2530
Location
City of Sails

Re: Is it time for the RFL... : Thu Jul 05, 2012 1:32 pm  
Adey perhaps you can enlighten me but to date we only seem to have seen your option 1 or bust - no proposal for a CVA?

Equally I am assuming HMRC can precipitate matters if they don't think there is going to be a positive outcome for them?

So:

Tax debt - maybe £400k
Obligations under lease?
sundry creditors - maybe £200k

So any CVA would need HMRC to join in to be approved
User avatar
RankPostsTeam
International Board Member14145No
Team
Selected
JoinedServiceReputation
Dec 22 200122 yearsN/A
OnlineLast PostLast Page
16th Aug 20 18:2727th Oct 19 01:15LINK
Milestone Posts
10000
15000
Milestone Years
0510 1520 2530
Location
At the Gates of Delirium

Re: Is it time for the RFL... : Thu Jul 05, 2012 1:46 pm  
Various other creditors can crystalise on insolvency, but you need 75% of creditors who have proved their debt to agree before a CVA can be imposed.

That means that HMRC could almost certainly vote down a CVA.

The big question for HMRC would be could they get any more if the assets were sold off instead? Especially since I suspect that there would be sod all left of the creditors after the administration fees and trading losses since appointment and extensive further liabilities that crystalise on insolvency.

And whether HMRC believed the proponents of the CVA were acting honourably and genuinely trying to do their best for all parties.

Whilst often the previous management or shareholders are often seen by HMRC as the villains, especially if they are then trying to get hold of the assets cheaply without any real attempt to address the liabilities, it occurs to me that this might be a different situation. HMRC could form the view that the previous management - through the pledge and other actions - had acted in good faith, and therefore it should not be assumed they would necessarily be hostile to any reasonable proposals from that quarter. This could maybe give any bid from that quarter, if it involved a CVA, an edge. Provided of course the shareholding shambles was sorted at the same time!
RankPostsTeam
International Star1934No
Team
Selected
JoinedServiceReputation
May 09 201113 yearsth
OnlineLast PostLast Page
15th Nov 23 14:0123rd Mar 23 01:19LINK
Milestone Posts
1000
2500
Milestone Years
0510 1520 2530

Re: Is it time for the RFL... : Thu Jul 05, 2012 1:47 pm  
Adeybull wrote:
You have accused me (unfairly IMO) in the past of being unsually-supportive of the previous regime and agin the alternative.

Quite a few people now have observed to me that you seem to be unusually-supportive of the administrator, and agin any alternative POV. I have a number of texts on my phone and PMs etc on here and elsewhere saying precisely that.

Doubtless their observations about you are as unfounded as yours were about me?



I'm not remotely supportive of anyone and I don't care who sends you texts or PMs. You've put enough time into it it's hardly surprising you have a coterie of acolytes who respond to your back slapping by leaping to your defence both on here and in private. In fact, I've made the case to a mod that your dominance of the board is a force for ill.

I also note your speed to deal with any challenges to the ongoing conspiracy theorising by accusing people of being in one camp, when ironically lots of posters on here have worked out precisely what you are.

For me, I'm deeply suspicious of this ongoing conspiracy theorising and can only conclude there are some much happier to say their predictions were proved correct, than in the welfare of the club. I've no idea what Chris Caisley has done to you personally and the 'fictional account' stuff is quite worrying.
PreviousNext

Who is online

Users browsing this forum: bull on a canary, Highlander and 246 guests

REPLY

Subject: 
Message:
   
Please note using apple style emoji's can result in posting failures.
Use the FULL EDITOR to better format content or upload images, be notified of replies etc...

Return to Bradford Bulls


RLFANS Recent Posts
FORUM
LAST
POST
TOPIC
POSTER
POSTS
3m
Rd 6 I Cas A
Chesterrhino
110
14m
TV games not Wire
Alffi_7
2865
17m
The Good Friday Derby Massacre
CarlB
140
30m
Ky Rodwell
Eastern Wild
110
Recent
Game - Song Titles
Wanderer
34291
Recent
BORED The Band Name Game
Wanderer
56012
Recent
Smith - should he stay or should he go
weaver93
359
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
26s
Stats article
Sir Gregory
5
29s
Ky Rodwell
Eastern Wild
110
42s
21 man Squads - Devils v Leopards
Cokey
4
51s
The Good Friday Derby Massacre
CarlB
140
1m
TV games not Wire
Alffi_7
2865
1m
Wigan v Sts discussion - THIS THREAD ONLY PLEASE
RobRiches
1934
1m
Fevround 2
Trojan Horse
91
1m
ALL NEW 49ERS ERA LEEDS UTD THREAD
tad rhino
1386
2m
No grade A for 2025 for Trinity
PopTart
27
2m
Saints a
WWste
23
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Another Tigers Defeat As Rhinos Go Level Top
RLFANS News
1
TODAY
York - 14th April
Spookisback
10
TODAY
Stats article
Sir Gregory
5
TODAY
21 man Squads - Devils v Leopards
Cokey
4
TODAY
Squad for Catalan
Smiffy27
17
TODAY
The Wigan Way - New Podcast - Chairman Special
Jukesays
1
TODAY
Dons v Swinton Lions 30 June 2024
Wanderer
1
TODAY
Squad for Sheffield
AdamH
1
TODAY
London Away
Fartown58
1
TODAY
The Bulls away
terry silver
9
TODAY
The official Leon Hayes Thread
Smiffy27
18
TODAY
Saints a
WWste
23
TODAY
Leon Ruan signs on loan
Jemmo
2
TODAY
Wardle
Jo Jumbuck
3
TODAY
Huddersfield - Home
Fartown58
6
TODAY
Max Wood on loan to Bradford 2 weeks
rubber ducki
7
TODAY
Jake Wardle 5 Year deal
Zig
22
TODAY
No grade A for 2025 for Trinity
PopTart
27
TODAY
Cup Quarter Final TV Arrangements
RLFANS News
1
NEWS ITEMS
VIEWS
Another Tigers Defeat As Rhino..
142
Cup Quarter Final TV Arrangeme..
561
2024 Challenge Cup Quarter Fin..
679
Easy Does It For The Dragons A..
589
Warrington Demolish London For..
693
Leigh Leopards Beat Plucky Fea..
744
Saints Triumph Over Disappoint..
724
Easy Win for the Wolves Over L..
962
Dragons Condemn Castleford To ..
930
Leigh Leopards Secure First Po..
1075
St Helens Tame The Rhinos To W..
1047
Wigan Warriors Come From Behin..
1113
Betfred Championship and Leagu..
1089
2024 Challenge Cup Sixth Round..
3873
Featherstone Win Extra Time Cu..
1206
POSTSONLINEREGISTRATIONSRECORD
19.57M 3,201 ↑49380,00114,103
LOGIN HERE
or REGISTER for more features!.

When you register you get access to the live match scores, live match chat and you can post in the discussions on the forums.
RLFANS Match Centre
 TODAY
National Rugby League 2024-R4
05:05
Souths
v
Canterbury
09:05
Brisbane
v
NQL Cowboys
Mens Super League XXVIII-R6
12:30
Hull KR
v
Hull FC
Championship 2024-R2
14:00
Widnes
v
Swinton
Mens Super League XXVIII-R6
15:00
St.Helens
v
Wigan
Championship 2024-R2
15:00
Whitehaven
v
Barrow
17:00
Dewsbury
v
Batley
18:00
Featherstone
v
Wakefield
League One 2024-R2
19:30
Hunslet
v
Keighley
Championship 2024-R2
19:30
Bradford
v
Halifax
19:30
Doncaster
v
Sheffield
 Sun 7th Apr
Championship 2024-R3
15:00
Featherstone
v
Bradford
 Sun 12th May 2024
1895 Cup 2024-R5
15:00
Bradford
v
Wakefield
ALL SCORES PROVIDED BY RLFANS.COM (SETTINGS)
Matches on TV
Fri 29th Mar
SL
12:30
Hull KR-Hull FC
SL
15:00
St.Helens-Wigan
Sat 30th Mar
SL
15:00
Warrington-Catalans
SL
17:30
Salford-Leigh
Sun 31st Mar
SL
15:00
LondonB-Huddersfield
L1
15:00
Oldham-Rochdale
Thu 4th Apr
SL
20:00
Leigh-Wigan
Fri 5th Apr
SL
20:00
Castleford-Salford
SL
20:00
Hull KR-LondonB
SL
20:00
Leeds-Warrington
Sat 6th Apr
SL
15:00
Hull FC-Huddersfield
SL
17:30
Catalans-St.Helens
Sat 13th Apr
CC2024
17:00
Hull KR-Leigh
Sun 14th Apr
CC2024
16:30
St.Helens-Warrington
Fri 19th Apr
SL
20:00
Leeds-Huddersfield
SL
20:00
St.Helens-Hull FC
SL
20:00
Wigan-Castleford
Sat 20th Apr
SL
15:00
Warrington-Leigh
SL
17:30
Catalans-Hull KR
Sun 21st Apr
SL
15:00
LondonB-Salford
Thu 28th Mar
SL 6 Castleford6-26Leeds
NRL 4 Sydney16-22Penrith
Sun 24th Mar
CC2024 6 Halifax4-40Catalans
NRL 3 Parramatta28-24Manly
NRL 3 Newcastle14-12Melbourne
L1 1 Cornwall16-40Crusaders
L1 1 Keighley58-16Workington
L1 1 Midlands70-16Newcastle
L1 1 Rochdale24-26Hunslet
WOMCC2024 2 FeatherstoneW38-6Shef W
WOMCC2024 2 BarrowW18-20WiganW
WOMCC2024 2 LonB W6-24Wire W
WOMCC2024 2 HKR Wom0-90LeedsW
WOMCC2024 2 Lei L W6-36Hudds W
Sat 23rd Mar
CC2024 6 Batley14-28Castleford
CC2024 6 Huddersfield50-6Hull FC
CC2024 6 Leigh26-14Featherstone
CC2024 6 Warrington42-0LondonB
NRL 3 Canterbury32-0Gold Coast
NRL 3 St.George24-46NQL Cowboys
This is an inplay table and live positions can change.
Mens Betfred Super League XXVIII ROUND : 1
 PLDFADIFFPTS
Warrington 5 156 58 98 8
Wigan 4 144 54 90 8
St.Helens 5 118 40 78 8
Catalans 5 126 54 72 8
Leeds 6 108 88 20 8
Hull KR 5 98 63 35 6
 
Salford 5 95 96 -1 6
Huddersfield 5 94 98 -4 4
Leigh 4 82 54 28 2
Hull FC 5 54 162 -108 2
Castleford 6 62 204 -142 0
LondonB 5 54 220 -166 0
This is an inplay table and live positions can change.
Betfred Championship 2024 ROUND : 1
 PLDFADIFFPTS
Widnes 1 44 8 36 2
Wakefield 1 42 12 30 2
Doncaster 1 36 20 16 2
Halifax 1 24 10 14 2
Featherstone 1 24 20 4 2
Sheffield 1 24 22 2 2
 
Whitehaven 1 18 16 2 2
Toulouse 1 22 24 -2 0
Swinton 1 16 18 -2 0
Batley 1 20 24 -4 0
Dewsbury 1 10 24 -14 0
York 1 20 36 -16 0
Bradford 1 12 42 -30 0
Barrow 1 8 44 -36 0
RLFANS Recent Posts
FORUM
LAST
POST
TOPIC
POSTER
POSTS
3m
Rd 6 I Cas A
Chesterrhino
110
14m
TV games not Wire
Alffi_7
2865
17m
The Good Friday Derby Massacre
CarlB
140
30m
Ky Rodwell
Eastern Wild
110
Recent
Game - Song Titles
Wanderer
34291
Recent
BORED The Band Name Game
Wanderer
56012
Recent
Smith - should he stay or should he go
weaver93
359
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
26s
Stats article
Sir Gregory
5
29s
Ky Rodwell
Eastern Wild
110
42s
21 man Squads - Devils v Leopards
Cokey
4
51s
The Good Friday Derby Massacre
CarlB
140
1m
TV games not Wire
Alffi_7
2865
1m
Wigan v Sts discussion - THIS THREAD ONLY PLEASE
RobRiches
1934
1m
Fevround 2
Trojan Horse
91
1m
ALL NEW 49ERS ERA LEEDS UTD THREAD
tad rhino
1386
2m
No grade A for 2025 for Trinity
PopTart
27
2m
Saints a
WWste
23
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Another Tigers Defeat As Rhinos Go Level Top
RLFANS News
1
TODAY
York - 14th April
Spookisback
10
TODAY
Stats article
Sir Gregory
5
TODAY
21 man Squads - Devils v Leopards
Cokey
4
TODAY
Squad for Catalan
Smiffy27
17
TODAY
The Wigan Way - New Podcast - Chairman Special
Jukesays
1
TODAY
Dons v Swinton Lions 30 June 2024
Wanderer
1
TODAY
Squad for Sheffield
AdamH
1
TODAY
London Away
Fartown58
1
TODAY
The Bulls away
terry silver
9
TODAY
The official Leon Hayes Thread
Smiffy27
18
TODAY
Saints a
WWste
23
TODAY
Leon Ruan signs on loan
Jemmo
2
TODAY
Wardle
Jo Jumbuck
3
TODAY
Huddersfield - Home
Fartown58
6
TODAY
Max Wood on loan to Bradford 2 weeks
rubber ducki
7
TODAY
Jake Wardle 5 Year deal
Zig
22
TODAY
No grade A for 2025 for Trinity
PopTart
27
TODAY
Cup Quarter Final TV Arrangements
RLFANS News
1
NEWS ITEMS
VIEWS
Another Tigers Defeat As Rhino..
142
Cup Quarter Final TV Arrangeme..
561
2024 Challenge Cup Quarter Fin..
679
Easy Does It For The Dragons A..
589
Warrington Demolish London For..
693
Leigh Leopards Beat Plucky Fea..
744
Saints Triumph Over Disappoint..
724
Easy Win for the Wolves Over L..
962
Dragons Condemn Castleford To ..
930
Leigh Leopards Secure First Po..
1075
St Helens Tame The Rhinos To W..
1047
Wigan Warriors Come From Behin..
1113
Betfred Championship and Leagu..
1089
2024 Challenge Cup Sixth Round..
3873
Featherstone Win Extra Time Cu..
1206


Visit the RLFANS.COM SHOP
for more merchandise!