Re: £££ Bulls Fire Sale! £££ : Thu Jun 28, 2012 8:54 am  

rhinoms wrote:

Don't know the fine detail but the RFL have said they'll allow any newco to complete their SL fixtures pending a review when the season finishes.
I think that's the way ahead rather than giving teams byes and the points and having to re-locate a full squad mid-season.

Who is going to be playing for this "newco"? If they're existing players then they'll still need their salaries paying, if those players have been sold the money will go directly to old creditors.

Even if "Bulls 2012" field a team of kids with a skeleton office staff they'll still need to find the basics of ground rent, player insurance, medical staff, transportation, electricity, payroll taxes and on and on and on. If season tickets are honoured, this will be without any discernable income. If not, then they have the gates from 4 home games (London and Widnes included) to pay for everything until October.

The RFL have simply not thought through their hopeful notion that Bradford could complete the season after liquidation.

Re: £££ Bulls Fire Sale! £££ : Thu Jun 28, 2012 9:03 am  

The statement to me implys the newco would pick up the running costs and salaries etc etc then it would be reviewed at the end of the year.

Re: £££ Bulls Fire Sale! £££ : Thu Jun 28, 2012 9:10 am  

rhinoms wrote:

The statement to me implys the newco would pick up the running costs and salaries etc etc then it would be reviewed at the end of the year.

So the newco has to be willing to burn £100-200k per month? In that case why would there even be a newco?

Re: £££ Bulls Fire Sale! £££ : Thu Jun 28, 2012 9:15 am  

craigizzard wrote:

Who is going to be playing for this "newco"? If they're existing players then they'll still need their salaries paying, if those players have been sold the money will go directly to old creditors.

Even if "Bulls 2012" field a team of kids with a skeleton office staff they'll still need to find the basics of ground rent, player insurance, medical staff, transportation, electricity, payroll taxes and on and on and on. If season tickets are honoured, this will be without any discernable income. If not, then they have the gates from 4 home games (London and Widnes included) to pay for everything until October.

The RFL have simply not thought through their hopeful notion that Bradford could complete the season after liquidation.

I think we'll be playing for the Bulls for free! Baggies Number 4!

Re: £££ Bulls Fire Sale! £££ : Thu Jun 28, 2012 9:17 am  

Don't ask me that's for the newco to decide also the Administrator said they'd have to take next years losses aswell!!

Re: £££ Bulls Fire Sale! £££ : Thu Jun 28, 2012 9:29 am  

Middleton_Loiner wrote:

I think we'll be playing for the Bulls for free! Baggies Number 4!

Yeah, like Keith would do anything for free...

Re: £££ Bulls Fire Sale! £££ : Thu Jun 28, 2012 9:32 am  

craigizzard wrote:

Who is going to be playing for this "newco"? If they're existing players then they'll still need their salaries paying, if those players have been sold the money will go directly to old creditors.

Even if "Bulls 2012" field a team of kids with a skeleton office staff they'll still need to find the basics of ground rent, player insurance, medical staff, transportation, electricity, payroll taxes and on and on and on. If season tickets are honoured, this will be without any discernable income. If not, then they have the gates from 4 home games (London and Widnes included) to pay for everything until October.

The RFL have simply not thought through their hopeful notion that Bradford could complete the season after liquidation.

There wouldnt be any existing players, since once the existing club is liquidated they're free agents.

The RFL suggestion seems to imply that they believe that a Supporters Trust could be instantly created, funded and seemlessly take over the operation of a SL club during mid season. Its wishful thinking.

Re: £££ Bulls Fire Sale! £££ : Thu Jun 28, 2012 9:33 am  

craigizzard wrote:

Yeah, like Keith would do anything for free...

Too True

Re: £££ Bulls Fire Sale! £££ : Thu Jun 28, 2012 11:12 am  

Andy Gilder wrote:

Depends how you define "Odsal".

The fixtures and fittings such as the stands will, for the time being anyway, likely belong to Bradford Bulls Holdings Limited, so they can't sell those.

The land itself is owned by the Council, so they can't sell that either.

So which bits of "Odsal are they selling?

I define Odsal as the whole lot, the land and the buildings. The RFL own it all, by virtue of their leasehold interest.

They can sell the leasehold interest in the land and the buildings if they wish and have an interested party.

Re: £££ Bulls Fire Sale! £££ : Thu Jun 28, 2012 1:21 pm  

I would think any newco will charge season ticket holders for matches though it could well be a reduced fee. eg half price. That way they'll get funds in. If they have 10,000 fans paying a tenner they will generate much needed revenue. They have no obligation to the fans other than a loyalty factor showing fans that they re prepared to discount their viewing may limit the number of discontented fans who would walk away. don't forget if the Bulls o the money paid by fans for season tickets goes as well with no further benefit for th fans.

For the RFL's part I can imagine a much reduced lease, at least for this year to allow the Newco to get going andtry to ensure the season is completed.

These two things will go a long way to supporting newco for the short term.