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Re: Administration

Post Wed Jun 13, 2012 10:51 pm
SIMMSFAXTEDDY User avatar
Free-scoring winger
Free-scoring winger

Joined: Tue Jul 27, 2010 3:30 pm
Posts: 1649
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

Post Wed Jun 13, 2012 11:03 pm
steamingbull02 User avatar
Free-scoring winger
Free-scoring winger

Joined: Thu Jan 15, 2004 6:22 pm
Posts: 1674
Location: Bradford

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!!!
Its hard for thee to kick against the pricks!

Re: Administration

Post Wed Jun 13, 2012 11:07 pm
steamingbull02 User avatar
Free-scoring winger
Free-scoring winger

Joined: Thu Jan 15, 2004 6:22 pm
Posts: 1674
Location: Bradford

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?
Its hard for thee to kick against the pricks!

Re: Time to move forward.....

Post Thu Jun 14, 2012 5:42 am
REDWHITEANDBLUE User avatar
Bronze RLFANS Member
Bronze RLFANS Member

Joined: Sat Jan 04, 2003 8:31 pm
Posts: 3184
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.
[IMG]http://i50.tinypic.com/a59ff5.gif[/IMG]

Re: Time to move forward.....

Post Thu Jun 14, 2012 6:46 am
Cibaman Silver RLFANS Member
Silver RLFANS Member

Joined: Wed Apr 10, 2002 1:49 pm
Posts: 6005
Location: Bradford
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)


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


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.....

Post Thu Jun 14, 2012 7:27 am
martinwildbull User avatar
Free-scoring winger
Free-scoring winger

Joined: Wed Jan 19, 2011 2:27 pm
Posts: 1519
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.....

Post Thu Jun 14, 2012 8:13 am
Cibaman Silver RLFANS Member
Silver RLFANS Member

Joined: Wed Apr 10, 2002 1:49 pm
Posts: 6005
Location: Bradford
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

Post Thu Jun 14, 2012 8:22 am
jammle User avatar
Strong-running second rower
Strong-running second rower

Joined: Sun Sep 05, 2010 8:43 pm
Posts: 378
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 :THINK:
At least it would sort the ownership issue out.

Re: Time to move forward.....

Post Thu Jun 14, 2012 8:23 am
zapperbull User avatar
Cheeky half-back
Cheeky half-back

Joined: Wed Apr 22, 2009 2:17 pm
Posts: 780
Location: Silsden
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!!! :DEPRESSED:
I spent a lot of money on booze, birds, fast cars and rugby … the rest I just squandered.

Re: Administration

Post Thu Jun 14, 2012 8:44 am
zapperbull User avatar
Cheeky half-back
Cheeky half-back

Joined: Wed Apr 22, 2009 2:17 pm
Posts: 780
Location: Silsden
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 :CRAZY:

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!!! :evil:

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

Very badly Hurting :cry:
I spent a lot of money on booze, birds, fast cars and rugby … the rest I just squandered.
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FIXTURES/RESULTS

W/D/L DATE COMP HOME AWAY
L Fri 23rd Sep SL STS 32 12 WAK
L Thu 15th Sep SL WAK 12 18 HFC
L Fri 9th Sep SL WAK 10 14 CAT
L Fri 2nd Sep SL CAS 46 22 WAK
L Sun 21st Aug SL WID 40 8 WAK
L Sun 14th Aug SL WAK 10 38 WAR
L Fri 5th Aug SL WIG 60 12 WAK
L Sun 24th Jul SL WAK 20 46 CAS
W Sat 16th Jul SL CAT 28 30 WAK
L Fri 8th Jul SL WIG 22 18 WAK
L Sun 3rd Jul SL WAK 32 44 STS
L Fri 17th Jun SL WAK 6 32 LEE
W Sun 12th Jun SL HUD 2 10 WAK
L Thu 2nd Jun SL WAK 16 54 HKR
L Fri 27th May SL SAL 38 8 WAK
W Sun 22nd May SL WAK 25 24 CAT
W Sun 15th May SL WAK 36 28 WAR
W Sun 8th May CC2016 WAK 40 22 TOU
W Fri 29th Apr SL WID 16 18 WAK
L Sun 24th Apr SL WAK 28 46 HFC
W Fri 15th Apr CC2016 WAK 44 10 SHE
W Sun 10th Apr SL WAK 62 0 WIG
W Sat 2nd Apr SL WAK 32 18 SAL
W Mon 28th Mar SL LEE 16 20 WAK
W Fri 25th Mar SL WAK 36 22 HUD
L Fri 18th Mar SL HFC 22 4 WAK
L Fri 11th Mar SL STS 44 4 WAK
L Sun 6th Mar SL WAK 28 42 CAT
L Fri 26th Feb SL WAR 34 16 WAK
W Sun 21st Feb SL HKR 12 14 WAK
L Sun 14th Feb SL CAS 40 6 WAK
L Sun 7th Feb SL WAK 16 24 WID
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