Re: RFL to pay Bulls players wages : Tue Jul 03, 2012 2:23 pm  

GT wrote:

I would have thought that the 1.65 million included tax and NI, which makes the academy figures slightly bigger.

To my knowledge the employer doesn't pay tax on the employees salary only the NI.

Re: RFL to pay Bulls players wages : Tue Jul 03, 2012 2:44 pm  

Red John. Having analysed the tables and the 2 scenarios that have been rumoured (ie expunging all of bradford's games or adding the points on to those teams that have lost or are yet to play them). There is only one team in the entire league that loses out both ways.... Salford!!!!
If they expunge them we lose 3 points and if they add them then Wakefield gain 4 as opposed to our 1. This adversely affects our league position. Also if they add the points Leeds would in fact gain 4 points also having lost to the Bulls earlier on in the year with the added bonus of 2 points from their Magic weekend win. This is hardly a hissy fit but cold hard facts!

Re: RFL to pay Bulls players wages : Tue Jul 03, 2012 3:16 pm  

Employers deduct tax at source if you are PAYE and should then pay this to HMRC. Many failing companies will make the deductions then not pay this over.

I believe the payments made to players represents an advance of monies due to Bradford for SKY or Stobbart money.

Re: RFL to pay Bulls players wages : Tue Jul 03, 2012 3:30 pm  

theredshed wrote:

To my knowledge the employer doesn't pay tax on the employees salary only the NI.

As Red Willow points out, they do. I think it gets paid to HMRC monthly, but I'm not 100% certain on that (I know self-employment tax is annual from previous experience).

Re: RFL to pay Bulls players wages : Tue Jul 03, 2012 4:01 pm  

GT wrote:

As Red Willow points out, they do. I think it gets paid to HMRC monthly, but I'm not 100% certain on that (I know self-employment tax is annual from previous experience).

What I mean is the players contracts won't cost a club anything in (income) tax and it isn't an added expense like NI. For instance if you take this 200K the income tax will be deducted from the employees salaries. NI is different and paid by both the employee and the employer.

Re: RFL to pay Bulls players wages : Tue Jul 03, 2012 4:17 pm  

Red Willow wrote:

Employers deduct tax at source if you are PAYE and should then pay this to HMRC. Many failing companies will make the deductions then not pay this over.

I believe the payments made to players represents an advance of monies due to Bradford for SKY or Stobbart money.

what Stobbart money? The only thing they could get is a trailer with the Bradford captain on, which I suppose they could sell for about £20,000.

Re: RFL to pay Bulls players wages : Tue Jul 03, 2012 5:58 pm  

red13pjb wrote:

Red John. Having analysed the tables and the 2 scenarios that have been rumoured (ie expunging all of bradford's games or adding the points on to those teams that have lost or are yet to play them). There is only one team in the entire league that loses out both ways.... Salford!!!!
If they expunge them we lose 3 points and if they add them then Wakefield gain 4 as opposed to our 1. This adversely affects our league position. Also if they add the points Leeds would in fact gain 4 points also having lost to the Bulls earlier on in the year with the added bonus of 2 points from their Magic weekend win. This is hardly a hissy fit but cold hard facts!

Well, like I said, I think propping Bradford up until the end of the season is the least worse option.

Re: RFL to pay Bulls players wages : Tue Jul 03, 2012 7:05 pm  

Red John wrote:

Well, like I said, I think propping Bradford up until the end of the season is the least worse option.

Not for the Rugby league, so far this year Bradford have had £1.5m off the RFL, plus some other sweetners amounting to £300k mentioned on another post, if the RFL are to pay £200k a month for the next 3 months that would be nearly £2.4m from the RFL altogether this year. Can the game afford this, and why don't the RFL reward clubs that actually pay within their means not totally beyond them in the pursuit of trophies which they can't afford.
Bradford fans have to be realistic and realise that for Bradford and other clubs to kick on they have to charge a price that affords the team they want, ie £220 for a season ticket not £84. I would let them go bust and award any games to come to the opposition, plus pay the clubs who miss out on the home game £25,000 to make up for the lost gate money, this plan would only cost the RFL £100k, see I have saved the RFL £500k in a matter of seconds. Next season Bradford could start again in the Championship and build a team they can afford and reapply for a license again in 2014, meanwhile a team from the championship can apply for next year for a two year license and be told at end of this month if they are succesful giving them time to build, they may even pick up some Bradford players along the way.

Re: RFL to pay Bulls players wages : Tue Jul 03, 2012 7:51 pm  

Bigpev wrote:

Not for the Rugby league, so far this year Bradford have had £1.5m off the RFL, plus some other sweetners amounting to £300k mentioned on another post, if the RFL are to pay £200k a month for the next 3 months that would be nearly £2.4m from the RFL altogether this year. Can the game afford this, and why don't the RFL reward clubs that actually pay within their means not totally beyond them in the pursuit of trophies which they can't afford.

I agree completely.

We are a club that does not risk its future by spending beyond its means and we rarely get any credit for that. Both Brian Snape and John Wilkinson have invested heavily in the club and have run it sensibly given the many financial restraints we have had to face without any support from the RFL as far as I am aware. I do not wish to see Bradford fail but do wonder what would be happening if it were Salford in this financial mess.

Without Messrs. Snape and Wilkinson I do wonder where we'd be. We have them to thank for the fact we have a club still, yet some posters seem to find fault with everything they do. Nobody is claiming they were perfect but we were only able to enjoy a night like last Friday because of their financial support.

Re: RFL to pay Bulls players wages : Tue Jul 03, 2012 10:05 pm  

RedDave wrote:

I agree completely.

We are a club that does not risk its future by spending beyond its means and we rarely get any credit for that. Both Brian Snape and John Wilkinson have invested heavily in the club and have run it sensibly given the many financial restraints we have had to face without any support from the RFL as far as I am aware. I do not wish to see Bradford fail but do wonder what would be happening if it were Salford in this financial mess.

Without Messrs. Snape and Wilkinson I do wonder where we'd be. We have them to thank for the fact we have a club still, yet some posters seem to find fault with everything they do. Nobody is claiming they were perfect but we were only able to enjoy a night like last Friday because of their financial support.

Whilst i applaud your loyalty, It's a bit rich when only this season Salford have fallen in arrears with HMRC and in previous seasons had money given to them by the council to "assist with day to day running costs". As far as Bradfords cost for employing staff go they will be liable to pay around 12% extra on top of the individuals agreed salary representing the Employers Ni contribution.Any other deduction is from the employes salary but as rightly stated needs to be paid to HMRC by the 19th of each month following the 5th of that month, failure to do so now renders the employer with a penalty, allowing for one missed payment. Taking that into account Bradford would have known exactly how much the cost of their wage bill was and therefore able to budget for it, the fact they didn't is their problem and subsequently will compound into the problem they are in. Should the Rugby league help them out....absolutely not. It didn't happen when my own team Swinton went bump and it wouldn't happen to Salford either the RFL are only interested in the Wigan, Leeds and St Helens of this world. As for letting them start in the Championship well yes but in Championship one starting off from scratch with promotion following for clubs from Championship 1 and the Championship. It is still a disgrace that a founder member club Bramley have nevr received help nor been allowed into any tier of the "professional" divisions.
The sooner the farce of frabnchise is removed the better as clearly franchises are manipulated to get clubs what they want without clear scrutiny of the real figures or else the Bradford problem would have been clear in their business plan.