Re: £££ Bulls Fire Sale! £££ : Wed Jun 27, 2012 4:15 pm  

El Diablo wrote:

You did say "knife" didn't you?

Just checking.

I believe he mentioned a "Pork Sword"

Re: £££ Bulls Fire Sale! £££ : Wed Jun 27, 2012 4:22 pm  

Call it semantics if you like, but what they own is a right to occupy the site for a fixed period of time. The value of that particular right is going to be driven by what the freeholder allows the leaseholder to do with the land. If the terms of the lease restrict it to sporting or recreational use for example then that would likely reduce its value if the RFL wanted to sell it on.

Re: £££ Bulls Fire Sale! £££ : Wed Jun 27, 2012 4:24 pm  

Andy Gilder wrote:

Call it semantics if you like, but what they own is a right to occupy the site for a fixed period of time. The value of that particular right is going to be driven by what the freeholder allows the leaseholder to do with the land. If the terms of the lease restrict it to sporting or recreational use for example then that would likely reduce its value if the RFL wanted to sell it on.

This statememnt I agree with.

However, the issue I had was claims that the RFL didn't own Odsal because, sa you now say, they do.

Re: £££ Bulls Fire Sale! £££ : Wed Jun 27, 2012 4:35 pm  

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?

Re: £££ Bulls Fire Sale! £££ : Wed Jun 27, 2012 5:34 pm  

Gary Hetherington urges clubs not to asset strip Bradford Bulls following Administration.

Re: £££ Bulls Fire Sale! £££ : Wed Jun 27, 2012 5:37 pm  

Translation - there's nothing we want so nobody else should either. Classic Darth.

Re: £££ Bulls Fire Sale! £££ : Wed Jun 27, 2012 5:47 pm  

It feels like this all stems from the harris signing. (i know it's almost a cliche now to say this, and no doubt someone will come along and say ''there were other underlying issues'')

It just seemed to start a chain reaction of things going wrong, and everytime something went wrong it resulted in less income and more debt.

It's like it put a curse on the club.

Top players left
league position was affected
average attendances dropped

all this resulted in significantly less income while the harris situation alone created large costs in legal fees and compensation.

Add in the fact the upkeep of odsal was costing alot and poor management who couldn't make the correct decisions to reduce the deficit.

Re: £££ Bulls Fire Sale! £££ : Wed Jun 27, 2012 6:00 pm  

Andy Gilder wrote:

The problem the Bulls have compared to say Rangers, is that they aren't even attractive to someone wanting to strip the assets and get their money back. I'm struggling to see a way out of this that doesn't involve liquidation and potentially starting again in Championship One.

The RFL stand to take a financial hit on this, as there is no way a reformed club outside SL could afford to pay market rent for Odsal.

I don't think it would be easy for them to start again in championship one either.

If bradford don't find a buyer before liquidation this will not end well for them, not at all.

Re: £££ Bulls Fire Sale! £££ : Wed Jun 27, 2012 6:05 pm  

El Diablo wrote:

That isn't entirely fair though is it? At this stage in the season several teams would get byes. It is likely that some of them would have lost that match, given that the Bulls haven't been total whipping boys this year.

Hopefully it won't come to that anyway.

The rfl are in a situation where, if it comes to that, due to the MM weekend fixture it's impossible for them to be fair to everyone.

If they allow pre liquidation results to stand, and post liquidation results to be a bye, we've gained 2 points on other teams because we play them 3 times.

If they expunge all results against bulls, we've been screwed over necause we play them 3 times.

But, that's what happens when you f*ck about having some teams play each other more than others.

Re: £££ Bulls Fire Sale! £££ : Wed Jun 27, 2012 6:46 pm  

Wilbred T Pricklepop wrote:

The rfl are in a situation where, if it comes to that, due to the MM weekend fixture it's impossible for them to be fair to everyone.

If they allow pre liquidation results to stand, and post liquidation results to be a bye, we've gained 2 points on other teams because we play them 3 times.

If they expunge all results against bulls, we've been screwed over necause we play them 3 times.

But, that's what happens when you f*ck about having some teams play each other more than others.

If the RFL had announced before MW (when the Bulls problems were well known) that Leeds' result in that game would stand it would have been the best of a bad job. Trying to sort it out afterwards, when the winners and losers have set agendas, makes it a nightmare.