PLEASE LOGIN or REGISTER FOR FEWER ADS, MORE LIVE FEATURES & CLUB RELATED NEWS
GOOGLE REPORTS FOR THE PAST MONTH : Unique Users 115,772 Pageviews 5,467,188.
WWW.RLFANS.COM • View topic - Latest financial situation - all posts here

Board index Kingstone Press Championship Bradford Bulls - RedAmberandBlack.net Latest financial situation - all posts here

 

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.
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!
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!
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: 3093
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]
Post Thu Jun 14, 2012 6:46 am
Cibaman Silver RLFANS Member
Silver RLFANS Member

Joined: Wed Apr 10, 2002 1:49 pm
Posts: 5878
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.
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: 1312
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?
Post Thu Jun 14, 2012 8:13 am
Cibaman Silver RLFANS Member
Silver RLFANS Member

Joined: Wed Apr 10, 2002 1:49 pm
Posts: 5878
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.
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: 333
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.
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: 571
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:
CAPTAIN BLACK IS ALIVE AND WELL IN THE RFL
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: 571
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:
CAPTAIN BLACK IS ALIVE AND WELL IN THE RFL
PreviousNext

Who is online

Users browsing this forum: Bullnorthern, RoyBoy29 and 43 guests

Quick Reply

   

Return to Bradford Bulls - RedAmberandBlack.net



All views expressed are those of the author and not necessarily those of the RLFANS.COM or its subsites.

Whilst every effort is made to ensure that news stories, articles and images are correct, we cannot be held responsible for errors. However, if you feel any material on this website is copyrighted or incorrect in any way please contact us using the link at the top of the page so we can remove it or negotiate copyright permission.
RLFANS.COM, the owners of this website, the RLSA (Rugby League Supporters Association) or the 100% League Network is not responsible for the content of its sub-sites, please email the author of this sub-site if you feel you find an article offensive or of a choice nature that you disagree with.
Copyright 1999 - 2014 RLFANS.COM