[Bullseye]

Re: vs. Batley Bulldogs (H) : Mon Jun 10, 2019 7:49 pm  

Yeah I think that's it.

[Bullseye]

Re: vs. Batley Bulldogs (H) : Mon Jun 10, 2019 7:49 pm  

Shame Adey isn't on here anymore. Think it's a loss. As was the 600k.

Re: vs. Batley Bulldogs (H) : Mon Jun 10, 2019 8:38 pm  

Bullseye wrote:

Shame Adey isn't on here anymore. Think it's a loss. As was the 600k.

That's quite a loss - since that was the year we went into administration, did we receive any funding allocation? I'd expect not given the RFL's previous genius policy of redistributing funding from financially insolvent clubs to everyone else.

Re: vs. Batley Bulldogs (H) : Mon Jun 10, 2019 9:07 pm  

DrFeelgood wrote:

That's quite a loss - since that was the year we went into administration, did we receive any funding allocation? I'd expect not given the RFL's previous genius policy of redistributing funding from financially insolvent clubs to everyone else.

Don't think we got any central funding for 2017. Also think the court case with the ex players was part of the accounts, plus lost majority of ST money.

Re: vs. Batley Bulldogs (H) : Mon Jun 10, 2019 9:20 pm  

The accounts at companies house will be making full use of the small company exemptions so really won't tell you an awful lot - there will be no p&l on there for a start.

What's the name of the company we operate under now? I can never keep track.

Re: vs. Batley Bulldogs (H) : Mon Jun 10, 2019 9:28 pm  

Okay just taken a quick look.
It was the company's first year of trade so we know that during 2017 the company made losses of roughly £580k. We'll never know the breakdown of that though unless someone has access to the full accounts.

In addition to that, the company had debts (owed money to others) totalling £790k, of which roughly £115k were due to paid within the next 12 months.

There was also about £96k sat in the bank at the balance sheet date.

[Bullseye]

Re: vs. Batley Bulldogs (H) : Tue Jun 11, 2019 7:49 am  

A horrendous year but fully expected.

Re: vs. Batley Bulldogs (H) : Tue Jun 11, 2019 10:31 am  

So we know someone stands to make some decent money when the land is flogged otherwise no-one (other than a Bulls fan Euro Millions winner) would drop that amount of cash down the wishing well...

Who's the masked money man?
Woody?
Is Chalmers more minted than we know?
Or is Madman Fookrash about to hove into view?

I can't wait for the film!

[Pumpetypump]

Re: vs. Batley Bulldogs (H) : Tue Jun 11, 2019 10:47 am  

Am I over simplifying things by saying that either:

A) we have a hidden investor; or
B) we have no hidden investor and will go bust.

If that level of debt is being accrued on ACs shoulders alone then we're surely effed. Or am I missing something?

Re: vs. Batley Bulldogs (H) : Tue Jun 11, 2019 10:58 am  

Pumpetypump wrote:

Am I over simplifying things by saying that either:

A) we have a hidden investor; or
B) we have no hidden investor and will go bust.

If that level of debt is being accrued on ACs shoulders alone then we're surely effed. Or am I missing something?

It certainly seems like the losses were covered by an investor.

We are currently trading under the name of "Bradford Bulls 2017 Limited".

I expect the 2018 accounts to make for slightly better reading - presumably we received some form of central funding in our first year as a League 1 outfit and were probably paying out significantly less in wages than we were in 2017. Then in 2019 the gate price went up, we lost McNally and Chisholm and got £100k for Wilson - maybe 2019 will look better still? Who knows. I'm trying to be positive.