Re: Administration : Wed Jun 13, 2012 10:51 pm  

unfortunatley its time for Bradford to realise that overspending and lying about your finances to just about everyone catches up with you eventually.

Feel sorry for the true Northern fans, as their club has been destroyed by miss management.

Admin is the only way forward - more lies about a rich investor help noone.

bite the bullet and try to start again from scratch.

i hope you get the boot out of SL league and have your licence removed - but it will not happen.

Re: Administration : Wed Jun 13, 2012 11:03 pm  

Roofaldo wrote:

Bates did it at Chelsea and he did it at Leeds. So it's not too much of a leap to imagine a similar scenario playing out at Odsal

What bates has done at leeds
is far more dodgier than just buy the club for a quid, he elegedly owns 3 offshore companies that owned different parts of the club, these companies apparently had 7 million invested in lufc, these companies wavered this money only if master bates became chairmen! He did then mysteriously that 7 million has been syphoned away, far more sinister, elegedly!!!

Re: Administration : Wed Jun 13, 2012 11:07 pm  

SIMMSFAXTEDDY wrote:

unfortunatley its time for Bradford to realise that overspending and lying about your finances to just about everyone catches up with you eventually.

Feel sorry for the true Northern fans, as their club has been destroyed by miss management.

Admin is the only way forward - more lies about a rich investor help noone.

bite the bullet and try to start again from scratch.

i hope you get the boot out of SL league and have your licence removed - but it will not happen.

You do know it's illegal to troll now?

Re: Time to move forward..... : Thu Jun 14, 2012 5:42 am  

Is this the image rights thing coming back to bite or is it similar to Wakefield where we mised/delayed a payment to HMRC and they took us on in the wake of other sporting clubs not paying HMRC.

If you have missed an instalment payment HMRC are likely to be coming for the lot and will not negotiate. Not sure if this is the case but a skeleton seems to have jumped out of the closet if not or you afe being strung along being drip fed bad news. The club will fold and someone will get it for a song, the issue is who will that person be someone linked now or a rtotal fresh person.

Re: Time to move forward..... : Thu Jun 14, 2012 6:46 am  

Duckman wrote:

Well, not connected to this board, I have been told different things about the Bulls predicament by genuine people I know and trust on the same subjects, with both parties certain they knew the truth of the particular matter under discussion...but both have different things incorrect or at least not fully accurate, and we can't square the circles.

I've stopped beliving anything I'm told or read about the Bulls, from anyone, and so as a consquence I've also stopped commenting as there seems little point when I don't think anyone on here knows anywhere near the whole story. I await the endgame and might help pick over the ashes (or hopefully cheer the phoenix)


Ta, possibly the only piece of sound advice on the whole thread....except maybe vbfg's thoughts on the use of a bat

At the start of the season someone I know who is close to the club (has worked for them on a freelance basis for many years) gave me his understanding of various issues including the ground sale. This bloke is very genuine, I'm 100% sure he was telling me what he believed to be the truth. Turned out to be complete rubbish. Bumped into him recently, he was very sheepish and decidedly miffed at being misled.

Re: Time to move forward..... : Thu Jun 14, 2012 7:27 am  

Coulbys comments last week, usually tacked onto the end of another TnA article, started to look as if they were struggling, so no real surprise that they continue to fight not to go into administration by getting two weeks more time.

Another observation: there are no comments about the strategic review itself, PnA simply make the statement that it is a loss making business. And they have to be Harvard business school graduates to have profound insights like that???!!! Any idiot knew that, what a throw-away comment. So, PnA what is the answer to the important question, how does it get turned into a profit making business? and is administration a step on the way? And does this threat of Admin help us along the way to that longer term solution, eg a reduction in overheads or ridding us of a substantial contingent liability?

Re: Time to move forward..... : Thu Jun 14, 2012 8:13 am  

martinwildbull wrote:

Coulbys comments last week, usually tacked onto the end of another TnA article, started to look as if they were struggling, so no real surprise that they continue to fight not to go into administration by getting two weeks more time.

Another observation: there are no comments about the strategic review itself, PnA simply make the statement that it is a loss making business. And they have to be Harvard business school graduates to have profound insights like that???!!! Any idiot knew that, what a throw-away comment. So, PnA what is the answer to the important question, how does it get turned into a profit making business? and is administration a step on the way? And does this threat of Admin help us along the way to that longer term solution, eg a reduction in overheads or ridding us of a substantial contingent liability?

As I understand it P&A are insolvency practitioners. As such they're qualified to review our cashflows, look at whether we have assets that we can sell, identify obvious cost savings, consider how the company could be re-structured etc, etc

If you were to ask them the question "If we double or treble season ticket prices how many fans will we lose?" don't expect an answer. They could only ever aid the new Board in carrying out a Strategic Review. The Directors have to make the hard decisions themselves.

Re: Administration : Thu Jun 14, 2012 8:22 am  

Another spin on this, Could it be possible that the new BoD are using the threat of admin as a way of getting hold of Hoods remaining shares ? Surely he would realise that getting a minimal return for selling to Caisley and Co would be better than getting nothing which would happen if a newco bought it back !
Maybe one of our better informed posters can clear this up
At least it would sort the ownership issue out.

Re: Time to move forward..... : Thu Jun 14, 2012 8:23 am  

This is the same HRMC that won’t negotiate with the Bulls but will negotiate with big companies as to how much tax they can pay!!!

Re: Administration : Thu Jun 14, 2012 8:44 am  

Administration
Players sold
SL licence removed
Start again in a lower league next year.
Less than 1,000 fans with season tickets
10 years to get back into SL
Way to go Bradford BoD

I am so £%$^&&% with this childish immature in house bickering and tall tale telling within the BoD with total disregard to the loyal fans who have supported this great club in the past years. The players must be thinking “why me “and my heart felt sorrow goes out to them. Why has the review taken so long! Maybe they hoped the HMRC would issue a windup order so they look as if they have done everything they can and have been forced into this predicament . CC investors !!! so where are they!!!

I am now off to get a season ticket for the Bradford tiddlywinks team.

Very badly Hurting