FORUMS FORUMS






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

  
 Current LIVE TV Match : Hull Kingston Rovers 28 - 0 Hull FC LIVE ON SKY SPORTS Half Time
WWW.RLFANS.COM • View topic - Latest financial situation - all posts here
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

In Bradford?

What commercial case could you put forward to a business? What return would they expect to achieve?
User avatar
RankPostsTeam
International Star1795No
Team
Selected
JoinedServiceReputation
Jan 19 201113 yearsN/A
OnlineLast PostLast Page
12th Apr 21 08:084th Jan 21 14:28LINK
Milestone Posts
1000
2500
Milestone Years
0510 1520 2530

Cibaman wrote:
Had to smile at "2.01% of turnover". When you're teetering on the brink like the Bulls, £250k is a big deal however its dressed up (or down).


Sorry cibaman will get to yours but I have to add to mats first: yes, strange, Frank the W@nk is missing, but so too is Garrulous Blackbeard. big time.

to comment on your comment. the Leeds settlement, subject to Adey pulling his finger(s) and the Bulls Stats Accounts out and confirming or refuting my calculations, was circa £350K, and we paid it quite successfully over 3 years, just as this smaller amount of £250k is supposed to be. the VAT bill is to be paid over 5 months (thats the one I have difficulty believing is manageable but assuming it is), that leaves us teetering on the brink of extinction right now because of £82000 PAYE. I notice that Hood, who should know, asserted than none of Caisleys camp had pledged a single penny. That tells you everything you need to know about their intentions. £82K to a partner in a leading international law firm and all his buddies... small change.

And the investors/sponsors dont want to put their money in because of this sudden intervention by HMRC? Has strong resonances of Caisley the Thursday before Pledge Date, seeing off Hoods investors. I am not saying that was intentional, as I really do believe it was a knee jerk reaction by Caisley to Hoods ambiguous message about achieving the target. What I am saying is, if you cant stand the heat stay out of the kitchen.

when you balance up the figures it is back to the simple basic issue of trading at a loss and the cash flow consequences of that situation. if income exceeded expenditure, no problem with VAT and PAYE. And it was my prediction that Coulby would find no easy answers to that situation given Hood and Bennett had thrown everything at it for the last few years. Reinvent the wheel? No chance.

Nothus To underline Adeys point: would you want to have your company name associated with Odsal? When commentators can only go on about its iconic status and its history rather than its state of the art facilities you know there is a problem. and with 85 employees, an expensive problem, as Caisley said in 2003 when the stadium staff costs were much lower.
Asim 
User avatar
RankPostsTeam
International Board Member16239No
Team
Selected
JoinedServiceReputation
Apr 19 200222 yearsN/A
OnlineLast PostLast Page
26th May 17 15:2119th Oct 12 22:32LINK
Milestone Posts
15000
20000
Milestone Years
0510 1520 2530

Stadiums of low key clubs, run down ones at that, in places like Featherstone, Castleford & Wakefield all have sponsors so I'm not sure there's much of a case for not being able to find one for Odsal there. I doubt the deals are worth much, which may be where the problem lies - you don't want to sell a sponsorship deal off too cheaply, but when every penny counts you probably have to take what you can.

Now Hood & co have been usurped there should be no problem with him revealing what his "business plan" was, what would be the harm - it's not as if they were replaced by people they were on terms with. My guess is that the last lot's "business plan" and potential investors are of the same mythical status as those of the new ones.
User avatar
RankPostsTeam
International Star1795No
Team
Selected
JoinedServiceReputation
Jan 19 201113 yearsN/A
OnlineLast PostLast Page
12th Apr 21 08:084th Jan 21 14:28LINK
Milestone Posts
1000
2500
Milestone Years
0510 1520 2530

Re: Latest financial situation - all posts here : Sun Jun 17, 2012 10:22 pm  
Incredibullman wrote:
A decision has been made NOT to pay HMRC the £82k and, in preference to pay this month's salaries as stated by Mr Couby, publicly, on several occasions. HMRC could have been paid and no winding up order issued if so desired. (money for salries could have paid HMRC)
The ONLY and I state again for ADEY the only VAT liability is £250,000 agreed to be paid over 5 months.
The other liability is Image Rights which was potentially £500,000 but is NOW £250,000 to be paid over 3 years. With potential income of £12,000,000 over the period that equtes to 2.01% of turnover.


Yes ADey I agree this does sound almost word for word like Hood. Note the use of I. He owns that agreement in thought and deed.
User avatar
RankPostsTeam
International Star1795No
Team
Selected
JoinedServiceReputation
Jan 19 201113 yearsN/A
OnlineLast PostLast Page
12th Apr 21 08:084th Jan 21 14:28LINK
Milestone Posts
1000
2500
Milestone Years
0510 1520 2530

Re: Latest financial situation - all posts here : Sun Jun 17, 2012 10:25 pm  
Asim, your post merely confirms mine: Wakey Cas and Featherstone can all get sponsors, we cannot. what does that say about the Black Hole?
User avatar
RankPostsTeam
Moderator10969
JoinedServiceReputation
Mar 01 200222 years283rd
OnlineLast PostLast Page
21st Jan 23 15:1321st Jun 22 13:35LINK
Milestone Posts
10000
15000
Milestone Years
0510 1520 2530
Location
Bradbados
Signature
Whenever you find yourself on the side of the majority, it is time to pause and reflect.
Mark Twain

Build Bridges NOT Walls
Moderator

Re: Latest financial situation - all posts here : Mon Jun 18, 2012 11:40 am  
I think the stadium naming rights issue has been a lost opportunity and, as Asim said, we may not have got much for the rights, but 'not much' is better than the 'sweet FA' we did get, especially as things currently stand. I don't think the stadium's condition has been a great detriment either, it's the mentions on radio and TV with the repetition of the sponsor's name which matter far more imo. Whether the financial position has now become an issue is a different matter though, as it's quite likely that many firms wouldn't want their name associated with a failing company.
mat 
RankPostsTeam
Player Coach9549
JoinedServiceReputation
Jun 22 200519 years278th
OnlineLast PostLast Page
27th Mar 24 17:306th Feb 24 18:33LINK
Milestone Posts
5000
10000
Milestone Years
0510 1520 2530
Location
bradford

Re: Latest financial situation - all posts here : Mon Jun 18, 2012 11:46 am  
Bulliac wrote:
I think the stadium naming rights issue has been a lost opportunity and, as Asim said, we may not have got much for the rights, but 'not much' is better than the 'sweet FA' we did get, especially as things currently stand. I don't think the stadium's condition has been a great detriment either, it's the mentions on radio and TV with the repetition of the sponsor's name which matter far more imo. Whether the financial position has now become an issue is a different matter though, as it's quite likely that many firms wouldn't want their name associated with a failing company.


Would we actually be able to sell the naming rights to the stadium under the new lease arrangements though? when we did the grattan deal we were the primary lease holders. Now we're sub lease holders. As such we may have given up the right to sell the naming rights with the RFL now having that ability.
User avatar
RankPostsTeam
Moderator10969
JoinedServiceReputation
Mar 01 200222 years283rd
OnlineLast PostLast Page
21st Jan 23 15:1321st Jun 22 13:35LINK
Milestone Posts
10000
15000
Milestone Years
0510 1520 2530
Location
Bradbados
Signature
Whenever you find yourself on the side of the majority, it is time to pause and reflect.
Mark Twain

Build Bridges NOT Walls
Moderator

Re: Latest financial situation - all posts here : Mon Jun 18, 2012 11:53 am  
mat wrote:
Would we actually be able to sell the naming rights to the stadium under the new lease arrangements though? when we did the grattan deal we were the primary lease holders. Now we're sub lease holders. As such we may have given up the right to sell the naming rights with the RFL now having that ability.

Short answer is, I don't know.

PH did say at the forum that nothing had changed with regard to the lease (other than it became secondary rather than primary) so if we accept that at face value then, presumably, the club could have sold the rights. Having said that, much has been said which suggests PH didn't totally have a handle on what was going on, so maybe what he said wasn't entirely accurate.
isaac1 
RankPostsTeam
Player Coach850No
Team
Selected
JoinedServiceReputation
Jan 11 200519 yearsN/A
OnlineLast PostLast Page
21st Jan 14 20:1426th Jul 13 19:55LINK
Milestone Posts
500
1000
Milestone Years
0510 1520 2530
Location
Bradford
Signature
Never liked Kevin Costner, or any other Robbing Hood!!!!

Re: Latest financial situation - all posts here : Mon Jun 18, 2012 12:30 pm  
I've felt for a number of years, going back to the late 90's that the Bulls often priced themselves out of sponsorship, thikning they could attract more money if the prices were high and it was seen as a premium brand.

As a follower of Rugby League in general, during the 99/2000 season I supported London Broncos by Sponsoring every try Jason Hetherington scored. I paid £15 at the start of the season, and then £2 a try. I think in total it cost me about £23!!!I received a certificate from the club signed by JH, and a mention in the programme. I enquired as to the cheapest option in terms of player sponsorship at Bradford and it was over £200!

The problem now is we are in a state of flux. Nobody has much in the way of definitive information and we are drifting towards the abyss. who would want to invest/donate if their money may be rendered wasted by entering admin anyway?
RankPostsTeam
International Star1934No
Team
Selected
JoinedServiceReputation
May 09 201113 years262nd
OnlineLast PostLast Page
15th Nov 23 14:0123rd Mar 23 01:19LINK
Milestone Posts
1000
2500
Milestone Years
0510 1520 2530

Re: Latest financial situation - all posts here : Mon Jun 18, 2012 12:31 pm  
There's a big spread in the League Express in which we get more of the same tbh.

One interesting point is that Guilfoyle says,
"I don't have an appetite for administration as I don't know where I would get the money from to run it. There is no certainty of outcome. I am trying to focus the directors' minds on trying to find someone to buy the club".

Has Guilfoyle got to the heart of the matter?
PreviousNext

Who is online

Users browsing this forum: bentleyman, Betsy Bulls, Bullnorthern, BullRaider, Dunkirk Spirit, Peter Goddard, Rafa9, Silver Bullitt and 242 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
1m
BORED The Band Name Game
Wanderer
56061
1m
Protest
Steve0
4
1m
The Record-Breaking Good Friday Derby Massacre
hull2524
205
6m
Hull FC
PopTart
36
9m
Game - Song Titles
Boss Hog
34336
10m
TV games not Wire
matt_wire
2876
14m
No grade A for 2025 for Trinity
financialtim
35
22m
Wigan/Saints
Douglas Blac
3
50m
Rd 6 I Cas A
KaeruJim
135
Recent
Investment
Bully_Boxer
32
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
25s
Squad for Catalan
CW8
19
26s
Saints a
apollosghost
26
29s
Investment
Bully_Boxer
32
30s
Rd 6 I Cas A
KaeruJim
135
48s
Smith - should he stay or should he go
B0NES
369
59s
Wigan v Sts discussion - THIS THREAD ONLY PLEASE
Jason65
1935
1m
This weeks disciplinary
rubber ducki
1008
1m
Fevround 2
The Phantom
92
1m
Squad for Cup Game
CW8
17
1m
ALL NEW 49ERS ERA LEEDS UTD THREAD
tad rhino
1386
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Protest
Steve0
4
TODAY
New Investors
BullRaider
2
TODAY
Wigan/Saints
Douglas Blac
3
TODAY
Another Tigers Defeat As Rhinos Go Level Top
RLFANS News
1
TODAY
York - 14th April
PopTart
23
TODAY
Stats article
Sir Gregory
5
TODAY
21 man Squads - Devils v Leopards
WYSIWYG2
5
TODAY
Squad for Catalan
CW8
19
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
apollosghost
26
TODAY
Leon Ruan signs on loan
Jemmo
2
TODAY
Wardle
Jo Jumbuck
3
TODAY
Huddersfield - Home
Deadcowboys1
9
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
financialtim
35
TODAY
Cup Quarter Final TV Arrangements
RLFANS News
1
NEWS ITEMS
VIEWS
Another Tigers Defeat As Rhino..
180
Cup Quarter Final TV Arrangeme..
601
2024 Challenge Cup Quarter Fin..
722
Easy Does It For The Dragons A..
602
Warrington Demolish London For..
705
Leigh Leopards Beat Plucky Fea..
762
Saints Triumph Over Disappoint..
738
Easy Win for the Wolves Over L..
979
Dragons Condemn Castleford To ..
942
Leigh Leopards Secure First Po..
1093
St Helens Tame The Rhinos To W..
1060
Wigan Warriors Come From Behin..
1129
Betfred Championship and Leagu..
1104
2024 Challenge Cup Sixth Round..
3888
Featherstone Win Extra Time Cu..
1219