FORUMS FORUMS






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

   WWW.RLFANS.COM • View topic - Latest financial situation - all posts here
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 : Thu Jun 14, 2012 11:06 pm  
mat wrote:
bulls if anything employ too few backroom staff. all the community staff are actually employed by bulls foundation which is a seperate business entity to the main club so arent a factor. Reason we have a big payroll each month is because there are a lot of casual staff employed on matchdays due to the sheer size of the stadium. In terms of actual salaried staff that a administrator could make redundant to save money theres not much in way of savings to be made. If we do end up going into admin I fully expect us to lose players.


agreed mat. In 2006 when Caisely resigned as chairman, having taken on in 2002 what he described as the significant increase in overheads of Odsal, those "stadium" employees numbered 51.5 (2002 - 23 (tho may be pro rata full time equivalents so double that may be more realistic)), and the admin marketing and shop employees numbered 11, 9 and 3 respectively. In 2010 the equivalent figures were 85 for the stadium, and 4, 4 and 7 respectivley. So we have a third of the admin and a half of the marketing employees when Caisley left, but being generous nearly twice the number of stadium staff. to look after a black hole called Odsal. so save overheads by moving from Odsal, or lose our young players so we can pay casual stadium staff, which is the better long term option? If it was me I would f@ck over BMC and the RFL by going into admin with a prepack to reassemble with investors money and a bright young team, higher ticket prices and corresponding lower numbers at a stadium that was not a relic predating the industrial revolution. Or use the threat of that to negotiate the desired end result without admin.

Adey

I think following my earlier post that the ball is in Gurus Beard's court, to explain how Hood was going to avoid VAT Notice 701/45, why the figures dont stack up, etc etc. Only membership of clubs founded for charitable purposes get exemption from VAT, if its a commercial business no chance. Even charitable clubs have to pay VAT on any commercial element of their outputs. Of course, it could be that you are not challenging GB because he is in fact your alter-ego, Jekyl to your Hyde, whimsy and fiction to your facts and figures, but you both have in common a certain use of language, and a inclination to say you know the full facts but cant tell anybody any detail to confirm your knowledge.

Just joking Adey.

Gurus Beard, put up please. Explain how the club thought it could get around VAT Notice 701/45. What was the name of the VAT consultant that sold the scheme to Hood?
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 : Thu Jun 14, 2012 11:18 pm  
bobsmyuncle wrote:
To clarify a point about VAT on Season Tickets
Generally the Invoice date is the time of supply for VAT purposes and VAT is due to be paid/reclaimed on that date.
BUT
Where season tickets are sold without the issue of a VAT invoice, such payments are deemed to be deposits against future supplies. Only then when the supply is made will VAT be due.
In this respect the supply would be for each and every league home game.

Thus the Bulls selling (say) 10,000 season tickets @ (say) £100 = £1,000,000 attracts no VAT at the time of sale.

As and when a season ticket holder turns up for a home match then the club has provided the supply and VAT is due in the proportion- Cost of his/her season ticket divided by the number of home games their season ticket covered.
Should a season ticket holder not turn up then no VAT is due as the supply was available but not used.


Which VAT notice or guidance note is this based on? I cannot see the vat man saying that the club do not have to pay vat because someone did not turn up, as the club will be claiming all the input tax against that supply regardless of however many turned up. Or are you saying that the VAT man requires the club to pro rata the input tax according to the number of season ticket holders that turn up? and which vat notice/guidance note is this in?

I can accept that it is seen as a future supply, so the vat would be proportioned over the number of home games, but that is it. If someone doesnt turn up, that is their problem, not the vat mans. So VAT notice please, if you supply it then I will eat my VAT. which isnt much, as I dont turn up for work very often.
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 : Thu Jun 14, 2012 11:27 pm  
Early Bath wrote:
This thread is far better than anything on TV, Radio ot the Newspapers and its quite clear both sides of the divide posting quite openly.

I have certainly improved my vocabulary & literacy with such gems as ' calumny ' and 'mendacious' to name but two.

If he wasnt dead I would have sworn that Leonard Sachs from the Good Olde Days was active on this Forum.

Keep it going lads please - excellent stuff - and we dont know the ending to this Who Done it.


It certainly is entertaining, but do not mistake the verbiage, sorry vocabulary, for anything other than superficial gloss for the bull sh@t that usually lies beneath those words.
User avatar
RankPostsTeam
International Board Member28357
JoinedServiceReputation
Feb 17 200222 yearsN/A
OnlineLast PostLast Page
2nd May 24 20:2424th Oct 19 15:32LINK
Milestone Posts
25000
30000
Milestone Years
0510 1520 2530
Location
MACS0647-JD
Signature
Last edited by Ferocious Aardvark on stardate Jun 26, 3013 11:27 am, edited 48,562,867,458,300,023 times in total

Re: Latest financial situation - all posts here : Fri Jun 15, 2012 12:03 am  
According to a report on the BBC site:
"Bradford Bulls could be forced to go into administration within a fortnight after being hit by a winding-up order over unpaid tax.
The club owes HM Revenue & Customs £90,000 in payroll tax, plus £250,000 in VAT from the sale of the stadium."

"The figures were passed to BBC Radio Leeds by Brendan Guilfoyle of The P&A Partnership, the company brought in by the club to review the state of its finances."


The VAT is therefore from the lease sale, and the PAYE is from 2012 wages.

There is no mention at all of VAT to do with memberships. Why is that, then? Doesn't Mr. Guilfoyle know? If the above is true, then it is surprising that HMRC have seemingly not included it in their demand. :ASK:
User avatar
RankPostsTeam
Player Coach2463
JoinedServiceReputation
Sep 30 200816 years303rd
OnlineLast PostLast Page
8th May 24 19:3322nd Apr 24 17:59LINK
Milestone Posts
1000
2500
Milestone Years
0510 1520 2530
Location
742 Evergreen Terrace, Springfield.
Signature
It's Official - "Homer Simpson is a Leeds Fan"

Re: Latest financial situation - all posts here : Fri Jun 15, 2012 12:06 am  
With filed accounts stating a Turnover of £4.6mil in 2010 droppong to £3.9m in 2011, with the same overheads it took no brain specialist to guess what was going to give. The RFL really looked into the accounts when issuing licences out didn't they?

The £500k pledged has been and gone. YOU were told it was a bottomless pit you your pledging to and still did it. Where's the return and loyalty from the Bradford Bulls now to the fans, its gone on players wages for the last 2.5 months. You were fools to pledge, it was better to buy shares in a Newco, Well at least the Boss of Thomas Cook will be happy sitting on his £15mil wages over the last 4 years while 500 staff are made redundant
User avatar
RankPostsTeam
International Board Member28357
JoinedServiceReputation
Feb 17 200222 yearsN/A
OnlineLast PostLast Page
2nd May 24 20:2424th Oct 19 15:32LINK
Milestone Posts
25000
30000
Milestone Years
0510 1520 2530
Location
MACS0647-JD
Signature
Last edited by Ferocious Aardvark on stardate Jun 26, 3013 11:27 am, edited 48,562,867,458,300,023 times in total

Homer Simpson wrote:
blahblahblahblah... Well at least the Boss of Thomas Cook will be happy sitting on his £15mil wages over the last 4 years while 500 staff are made redundant


You;re on the wrong forum. I think you want travelagency.con
RankPostsTeam
International Board Member6038No
Team
Selected
JoinedServiceReputation
Apr 10 200222 yearsN/A
OnlineLast PostLast Page
3rd Mar 17 10:5527th Feb 17 17:36LINK
Milestone Posts
5000
10000
Milestone Years
0510 1520 2530
Location
Bradford

Mirfieldbull wrote:
Adeybull's comment is spot on!! These guys (Guru's Beard and Incrdibullman) are clearly insiders on either side of the BOD divide - so one of you is at best being economical with the truth or at worst lying to a group of people that rescued this club 2 months ago.

Shame on you both - we deserve better!


IF existing and/or former directors are trading insults on an internet forum, then we really are in a mess.
User avatar
RankPostsTeam
Player Coach7047
JoinedServiceReputation
Dec 21 200716 years139th
OnlineLast PostLast Page
9th May 24 16:468th May 24 19:34LINK
Milestone Posts
5000
10000
Milestone Years
0510 1520 2530
Signature
nosorożce biorą to w dupę

Homer Simpson wrote:
You were fools to pledge, it was better to buy shares in a Newco,


No we weren't we were doing something that a lot of people had reservations about out of loyalty. A lot of people not even connected with the club gave to the cause because they were loyal to the sport.

We'd have been fools had we pledged after knowing what we know now but hindsight is a wonderful thing. It's easy to make comments like this two months down the line.
User avatar
RankPostsTeam
Player Coach9986No
Team
Selected
JoinedServiceReputation
Mar 11 200519 yearsN/A
OnlineLast PostLast Page
3rd Nov 19 13:4416th Aug 19 16:42LINK
Milestone Posts
5000
10000
Milestone Years
0510 1520 2530
Location
Here
Signature
(and I feel fine)

This is t0$$ this. Where are these mythical investors? Where is this package to secure the long term future? To say I am p1$$ed off would be a huge understatement.
Blotto 
User avatar
RankPostsTeam
Player Coach3991
JoinedServiceReputation
Mar 05 200519 years301st
OnlineLast PostLast Page
21st Apr 24 12:1117th Apr 24 00:03LINK
Milestone Posts
2500
5000
Milestone Years
0510 1520 2530
Location
2.5 hrs North of Newcastle. 8 hrs South of Brisbane
Signature
The phrase politically correct is in itself politcally incorrect so should be rephrased politically stupid!

If you like old type radio comedy/ dramas etc listen to //pumpkinfm.com/

Statistically speaking you have a better chance of getting dead the older you get!

Thank god only when you find a religion that passes the truth test!

Re: Latest financial situation - all posts here : Fri Jun 15, 2012 10:03 am  
debaser wrote:
This is t0$$ this. Where are these mythical investors? Where is this package to secure the long term future? To say I am p1$$ed off would be a huge understatement.


This could be the latest reason but it doesn't explain it that well

http://www.bbc.co.uk/sport/0/rugby-league/18455849
debaser wrote:
This is t0$$ this. Where are these mythical investors? Where is this package to secure the long term future? To say I am p1$$ed off would be a huge understatement.


This could be the latest reason but it doesn't explain it that well

http://www.bbc.co.uk/sport/0/rugby-league/18455849
PreviousNext

Who is online

Users browsing this forum: childofthenorthern and 138 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
9m
Am I missing something
KaeruJim
41
11m
Rumours thread
1315trinity
1243
14m
Tonights game v HKR
Chris McKean
30
49m
Luke Yates
WYSIWYG2
3
59m
Transfer Talk / Rumour thread V4
fanstanningl
8933
Recent
Shopping list for 2025
WIZEB
1683
Recent
DoR - New Coach - Investor & Adam - New signings
RockNRolla
1080
Recent
Latest News On Lammy
Deeeekos
35
Recent
Freedom of connections dating for open relationships
wire2004
1
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
20s
Luke Yates
WYSIWYG2
3
21s
Tonights game v HKR
Chris McKean
30
24s
Bradford next
Trojan Horse
56
26s
Freedom of connections dating for open relationships
wire2004
1
30s
Game - Song Titles
Boss Hog
36188
43s
TV Games - Not Hull
giddyupoldfe
1606
51s
Warrington Wolves Frustrate Hull KR As They Go Top
RLFANS News
1
1m
London Away
Hullrealist
64
1m
2024 Squad Latest Update
Bullseye
7
1m
Hudds a
NickyKiss
33
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Freedom of connections dating for open relationships
wire2004
1
TODAY
Luke Yates
WYSIWYG2
3
TODAY
Warrington Wolves Frustrate Hull KR As They Go Top
RLFANS News
1
TODAY
Hull fc
Deadcowboys1
2
TODAY
Charnley signs
WYSIWYG2
2
TODAY
Tonights game v HKR
Chris McKean
30
TODAY
Shay rent
SingaporeFax
4
TODAY
Zak signs for Hull
Bent&Bon
10
TODAY
Hull
Deadcowboys1
3
TODAY
The Brick Community Stadium
muttywhitedo
17
TODAY
Squads - Leopards v Devils
Deeeekos
2
TODAY
RD 11 Catalan Dragons A
KaeruJim
15
TODAY
Ticket for a fiver
Reboot
3
TODAY
WIRE YED Prediction Competition Hull KR Home
Mr Snoodle
17
TODAY
Squad for HKR
matt_wire
25
TODAY
Wakefield S/F
AgbriggAmble
18
TODAY
Isaiah Vagana
Luppylad
21
TODAY
Olly Holmes Gone
WYSIWYG2
2
TODAY
Hudds a
NickyKiss
33
TODAY
Brad Martin
WYSIWYG2
8
TODAY
Reminder about the programme fair and a bit more news too
glee
1
TODAY
Best Great Britain XiII to never play in nRL
giddyupoldfe
5
TODAY
2024 Southstandercom Prediction Competition Week 11
Les Dyl's re
35
TODAY
Super League app
Or thane
6
TODAY
Attending Forum
upthetrin92
11
TODAY
Widnes Vikings Win Thriller Against Doncaster
RLFANS News
1
NEWS ITEMS
VIEWS
Warrington Wolves Frustrate Hu..
187
Widnes Vikings Win Thriller Ag..
1244
Leigh Leopards and Castleford ..
1243
Simple Rhinos Victory Compound..
1018
Stunning Second Half Sees Wiga..
1099
Leeds Rhinos Battle Hard for W..
2613
Salford Red Devils Battle Hard..
2629
Leigh Leopards Masterclass Des..
2675
Saints Snatch Win With Lomax D..
3033
Wakefield Trinity Too Strong F..
3252
Catalans Dragons Destroy Hull ..
2953
Warrington Wolves Break Leigh ..
3408
Huddersfield Giants Fight Back..
2564
France v England International..
3629
Warrington Stun St Helens In C..
4634
POSTSONLINEREGISTRATIONSRECORD
19.58M 2,814 ↑6980,04314,103
LOGIN HERE
or REGISTER for more features!.

When you register you get access to the live match scores, live match chat and you can post in the discussions on the forums.
RLFANS Match Centre
 TODAY
National Rugby League 2024-R10
09:00
Penrith
v
Canterbury
11:00
Parramatta
v
Brisbane
Mens Super League XXVIII-R11
20:00
Castleford
v
St.Helens
20:05
Leigh
v
Salford
 TOMORROW
National Rugby League 2024-R10
06:00
Wests
v
Newcastle
08:30
St.George
v
Souths
10:35
Melbourne
v
Cronulla
Womens Super League 2024-R3
12:00
Hudds W
v
WiganW
14:00
FeatherstoneW
v
St.HelensW
Mens Super League XXVIII-R11
15:00
Huddersfield
v
Wigan
17:30
Catalans
v
Leeds
 Sun 12th May
National Rugby League 2024-R10
05:00
Sydney
v
NZ Warriors
07:05
Gold Coast
v
NQL Cowboys
Womens Super League 2024-R3
12:00
Wire W
v
BarrowW
12:00
York V
v
LeedsW
ALL SCORES PROVIDED BY RLFANS.COM (SETTINGS)
Matches on TV
Fri 10th May
SL
20:05
Leigh-Salford
Sat 18th May
CC2024
13:15
Hull KR-Wigan
WOMCC2024
11:15
St.HelensW-York V
Sun 19th May
CC2024
15:15
Huddersfield-Warrington
WOMCC2024
12:30
WiganW-LeedsW
Sat 29th Jun
MINT2024
17:00
France M-England M
WINT2024
14:30
FRANCE W-ENGLAND W
Sat 17th Aug
SL
18:00
Warrington-Leeds
SL
15:30
Wigan-St.Helens
SL
13:00
Hull FC-LondonB
Sun 18th Aug
SL
13:00
Leigh-Salford
SL
15:30
Catalans-Hull KR
SL
18:00
Huddersfield-Castleford
Thu 9th May
SL 11 Warrington20-8Hull KR
NRL 10 Dolphins30-24Manly
Sun 5th May
CH 7 Barrow24-14Batley
CH 7 Featherstone36-16Halifax
CH 7 Swinton12-38Bradford
CH 7 Widnes16-14Doncaster
CH 7 York16-36Whitehaven
L1 7 Keighley18-26Hunslet
L1 7 Oldham74-0Newcastle
L1 7 Rochdale56-24Cornwall
L1 7 Workington16-26Midlands
NRL 9 Newcastle14-8NZ Warriors
NRL 9 Cronulla20-10St.George
Sat 4th May
SL 10 Hull KR40-20St.Helens
SL 10 Leigh28-28Castleford
CH 7 Dewsbury21-38Toulouse
NRL 9 Canterbury22-14Wests
NRL 9 Gold Coast20-22Melbourne
NRL 9 NQL Cowboys26-28Dolphins
Fri 3rd May
SL 10 Leeds46-8LondonB
This is an inplay table and live positions can change.
Mens Betfred Super League XXVIII ROUND : 1
 PLDFADIFFPTS
Warrington 11 286 143 143 16
Wigan 9 264 126 138 14
St.Helens 10 229 110 119 14
Hull KR 11 262 169 93 14
Catalans 10 218 152 66 14
Salford 10 198 186 12 14
 
Leeds 10 204 172 32 12
Huddersfield 10 234 181 53 10
Leigh 9 188 172 16 5
Castleford 10 180 292 -112 5
Hull FC 10 104 352 -248 2
LondonB 10 82 394 -312 0
This is an inplay table and live positions can change.
Betfred Championship 2024 ROUND : 1
 PLDFADIFFPTS
Wakefield 7 252 72 180 14
Sheffield 7 224 98 126 12
Widnes 7 190 97 93 12
Featherstone 7 192 132 60 10
Bradford 7 145 129 16 8
Toulouse 7 158 130 28 6
 
Doncaster 7 156 168 -12 6
Swinton 7 140 154 -14 6
Whitehaven 7 133 189 -56 6
Barrow 7 102 207 -105 6
Batley 7 109 154 -45 4
Halifax 7 94 199 -105 4
York 7 113 189 -76 2
Dewsbury 7 115 205 -90 2
RLFANS Recent Posts
FORUM
LAST
POST
TOPIC
POSTER
POSTS
9m
Am I missing something
KaeruJim
41
11m
Rumours thread
1315trinity
1243
14m
Tonights game v HKR
Chris McKean
30
49m
Luke Yates
WYSIWYG2
3
59m
Transfer Talk / Rumour thread V4
fanstanningl
8933
Recent
Shopping list for 2025
WIZEB
1683
Recent
DoR - New Coach - Investor & Adam - New signings
RockNRolla
1080
Recent
Latest News On Lammy
Deeeekos
35
Recent
Freedom of connections dating for open relationships
wire2004
1
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
20s
Luke Yates
WYSIWYG2
3
21s
Tonights game v HKR
Chris McKean
30
24s
Bradford next
Trojan Horse
56
26s
Freedom of connections dating for open relationships
wire2004
1
30s
Game - Song Titles
Boss Hog
36188
43s
TV Games - Not Hull
giddyupoldfe
1606
51s
Warrington Wolves Frustrate Hull KR As They Go Top
RLFANS News
1
1m
London Away
Hullrealist
64
1m
2024 Squad Latest Update
Bullseye
7
1m
Hudds a
NickyKiss
33
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Freedom of connections dating for open relationships
wire2004
1
TODAY
Luke Yates
WYSIWYG2
3
TODAY
Warrington Wolves Frustrate Hull KR As They Go Top
RLFANS News
1
TODAY
Hull fc
Deadcowboys1
2
TODAY
Charnley signs
WYSIWYG2
2
TODAY
Tonights game v HKR
Chris McKean
30
TODAY
Shay rent
SingaporeFax
4
TODAY
Zak signs for Hull
Bent&Bon
10
TODAY
Hull
Deadcowboys1
3
TODAY
The Brick Community Stadium
muttywhitedo
17
TODAY
Squads - Leopards v Devils
Deeeekos
2
TODAY
RD 11 Catalan Dragons A
KaeruJim
15
TODAY
Ticket for a fiver
Reboot
3
TODAY
WIRE YED Prediction Competition Hull KR Home
Mr Snoodle
17
TODAY
Squad for HKR
matt_wire
25
TODAY
Wakefield S/F
AgbriggAmble
18
TODAY
Isaiah Vagana
Luppylad
21
TODAY
Olly Holmes Gone
WYSIWYG2
2
TODAY
Hudds a
NickyKiss
33
TODAY
Brad Martin
WYSIWYG2
8
TODAY
Reminder about the programme fair and a bit more news too
glee
1
TODAY
Best Great Britain XiII to never play in nRL
giddyupoldfe
5
TODAY
2024 Southstandercom Prediction Competition Week 11
Les Dyl's re
35
TODAY
Super League app
Or thane
6
TODAY
Attending Forum
upthetrin92
11
TODAY
Widnes Vikings Win Thriller Against Doncaster
RLFANS News
1
NEWS ITEMS
VIEWS
Warrington Wolves Frustrate Hu..
187
Widnes Vikings Win Thriller Ag..
1244
Leigh Leopards and Castleford ..
1243
Simple Rhinos Victory Compound..
1018
Stunning Second Half Sees Wiga..
1099
Leeds Rhinos Battle Hard for W..
2613
Salford Red Devils Battle Hard..
2629
Leigh Leopards Masterclass Des..
2675
Saints Snatch Win With Lomax D..
3033
Wakefield Trinity Too Strong F..
3252
Catalans Dragons Destroy Hull ..
2953
Warrington Wolves Break Leigh ..
3408
Huddersfield Giants Fight Back..
2564
France v England International..
3629
Warrington Stun St Helens In C..
4634


Visit the RLFANS.COM SHOP
for more merchandise!