Guilfoyle admits he’s ‘pessimistic’ of Bradford Bulls’ prospects (From Bradford Telegraph and Argus)

What a com

What a complete and utter shambles! Hood wasn't honest with the fans when he was in charge and the new lot look just as bad.

In my opinion Caisley had administration In mind from the start. Clear all the debts and make a fresh start. He came out and said the new board didn't know about all this other debt, hang on a minute he's majority share holder he'd see the books every year. He knew what was happening, I wouldn't trust him as far as I could throw him. Then there's Ryan Duckett, he's still at the club, he knew what the financial situation was.

I wonder if the club will honour existing season tickets as from next Tuesday then or if they'll give me my £150 pledge back I think not.

Tuesday now that date rings a bell. Oh yes the day birkybull said admin would happen. I hope all those that slagged him are ready with an apology. CC was always putting club into admin so cant see the surprise really.

Do not reply to the trolls. If you do, you are to blame for the demise of this site. Ignore them!

seems that all the pledge money was a complete Con, if the club is going in to admin, they might as well have done so 2-3 months ago and saved everybody the expence. I never liked CC as a chairman 1st time round, never believed half of what he said, but given the success we had on the pitch, i was prepared to ignore that, then under Hood we went from being WCC winners to a laughing stock, we are now back under CC stewardship and about to go in to admin and all those that pledged might as well have stuffed their money down the drain. i dont believe that CC had no ida how bad things were, i believe that Ducket must have known, and as he he is still in a job he must have passed this information on to those now in charge, we are being Drip fed information and misinformation, and most of it contradicts the previous information given. the club is in massive turmoil and being led in to the abyss by self serving board members who want Admin to clear the debts and start agin as majority share holders of a new debt free business. and to all thoss that pledged... well stuff the lot of us !!

The club will also be without a training ground if they enter admininstration.

The previous and current management teams at the Bulls have lost an enormous amount of good will. Many, including myself, feel duped and used. It will take exceptional PR to recover the lost faith, if ever. It will certainly take a person with more charisma, interpersonal skills and eloquence to articulate the path back to the top than either Mr Coulby or Mr Caisley possess. I feel they should disappear as soon as administration is announced. The only winner in this is Mr Guilfoyle and his company. They can't be giving their services for nothing and if Glasgow Rangers descent into administration is anything to go by, their administrators took more than fifty percent of the 5.5 million pounds paid for the club in fees! Our last hope appears to be our local politicians who, of course, have been active and animated in their pursuit of funding!

I heard that there will be a collection at half time and if so I just cannot see that and then administration or am I giving the board more credit than they have?

I agree with the sentiments expressed above. I can live with my pledge being a waste of good money. I cannot live with the way supporters have been treated by CC, RD, SC. I feel sorry for Peter Hood he was the scapegoat he tried his best to get Bulls out of the financial mess left by CC. If you make a loss when u win cups for 3 yrs there's no hope. Not to mention Iyestyn !! I also blame the RFL for not advicing the bulls to help them make the best financial decisions.
I refuse to support the board, but want to support the team. What can we supporters do ?

Tickets will not be honoured we will be classed the same as the creditors ! R.I.P Bulls as we know it. Caisley with already have the backers in place to take over the club once the admin is in place then we can start all over again but with the players no other club wants & lets be honest we have a fair few of those.

Lets hope that after all this someone other than CC comes forward to save the club. I would think many supporters feel let down particularly those who pledged and it is now time to start again. Neither CC/Hood etc should not be involved. By the way what exactly does Duckett do? Chief Executive? Sounds more like an office junior. His wages should save the club and how many others are on the gravy train!!!

Tickets will be honored as a good will gesture, not gunna null and void tickets font be silly

If CC has managed to raise a figure appoaching the "safety net" amount, then he's done ncredibly well in a short time. This money will be valuable following our entry into administrtion.
Administration is not somethig any company would wish for. However, given that we have no sugar daddy waiting to invest, an if it means that something positive will happen that moves this sorry mess forward, then let's embrace the process fully.
IMO, it's not likely that the season ticket holders ( and I'm one ) will have their tickets honoured, since this was a deal with the "old" company, and it will now be the "new" company in charge. Goodwill counts for nothing during a financial crisis.
Whichever way this problem is resolved, there is certainly some explaining to be done by the main shareholders and officers of the club. We've been fed various stories of staged payments to HMRC, paid out pledge money to help the club, been reassured that all would be well, and generally treated with contempt by the club.
As said above, there is a massive hil to be climbed in PR terms by whoever is leading the club into the new era.
Let's just hope there will be a new era with most of the team intact.
COME ON YOU BULLS !!!!!!!!!

If CC has managed to raise a figure appoaching the "safety net" amount, then he's done ncredibly well in a short time. This money will beinvaluable following our entry into administrtion.
Administration is not somethig any company would wish for. However, given that we have no sugar daddy waiting to invest, an if it means that something positive will happen that moves this sorry mess forward, then let's embrace the process fully.
IMO, it's not likely that the season ticket holders ( and I'm one ) will have their tickets honoured, since this was a deal with the "old" company, and it will now be the "new" company in charge. Goodwill counts for nothing during a financial crisis.
Whichever way this problem is resolved, there is certainly some explaining to be done by the main shareholders and officers of the club. We've been fed various stories of staged payments to HMRC, paid out pledge money to help the club, been reassured that all would be well, and generally treated with contempt by the club.
As said above, there is a massive hil to be climbed in PR terms by whoever is leading the club into the new era.
Let's just hope there will be a new era with most of the team intact.
COME ON YOU BULLS !!!!!!!!!

CC could clear the £400k needed without scratching the surfice of his wealth.His long term plan was always to put the club into aministration. I for one do not want to be involved in a club he is part of. He is arrogant and treats the fans like dirt on his shoes.

Sorry westy but I think you will find you are wrong on this one, but only time will tell.

CC has admin in mind all along. I said this when he took over. He's a crook.

The training ground belongs to tong school doesnt it ?

Wots up wrote:
Lets hope that after all this someone other than CC comes forward to save the club. I would think many supporters feel let down particularly those who pledged and it is now time to start again. Neither CC/Hood etc should not be involved. By the way what exactly does Duckett do? Chief Executive? Sounds more like an office junior. His wages should save the club and how many others are on the gravy train!!!

Maybe you might be surprised at how little some of these people actually work their 'nads off for.
.
Go have a look at the 2010 accounts, under Directors' Remuneration. Do a bit of deduction from other info in the accounts, and you might be very surprised at the conclusion you reach. I was.

Tricky Dicky wrote:
The previous and current management teams at the Bulls have lost an enormous amount of good will. Many, including myself, feel duped and used. It will take exceptional PR to recover the lost faith, if ever. It will certainly take a person with more charisma, interpersonal skills and eloquence to articulate the path back to the top than either Mr Coulby or Mr Caisley possess. I feel they should disappear as soon as administration is announced. The only winner in this is Mr Guilfoyle and his company. They can't be giving their services for nothing and if Glasgow Rangers descent into administration is anything to go by, their administrators took more than fifty percent of the 5.5 million pounds paid for the club in fees! Our last hope appears to be our local politicians who, of course, have been active and animated in their pursuit of funding!

As always Tricky, your comments make sense, and you are right on most points> not sure about Insolvency fees at the staggering amount you quote, but certainly along with HMRC they are usually the first and sometimes only payments made after "Insolvency" which is basically what going into administration is all about.
But a cheaper way of achieving the same result as being involuntary wound up by a large creditor, ie HMRC.

What concerns me is the aforesaid Mr. Guilfoyle, who has already taken on the company spokesperson's job, just like a full blown court appointed administrator would, do?

As an ambassador for the club his comments are not allaying any of the doom and gloom merchants fears or misconceptions about the term "Administration".

In my past I have been involved as a creditor in Admin.
situations, every one has resulted in the loss of the money owed, as the professional fees, plus Tax and Vat, Bank etc. are the first to be paid once all assets are sold
off! Quite frankly as a shareholder with the Bulls, I realise like all shareholders, we will get nothing. Because after a company is insolvent, the shares are worthless, and cannot be transferred to a new set up, or has the Law changed
dramatically since I last lost out to "Insolvency of clients".
Perhaps some of the more astute on the site, can enlighten me further?

scandanavian's love child52 wrote:
The training ground belongs to tong school doesnt it ?

No, it belongs to the Private Company that occupies Tong schools as part of the PFI Contract. Any NewCo would not be able to assign the sublease easily

raisemeup wrote:

Tricky Dicky wrote:
The previous and current management teams at the Bulls have lost an enormous amount of good will. Many, including myself, feel duped and used. It will take exceptional PR to recover the lost faith, if ever. It will certainly take a person with more charisma, interpersonal skills and eloquence to articulate the path back to the top than either Mr Coulby or Mr Caisley possess. I feel they should disappear as soon as administration is announced. The only winner in this is Mr Guilfoyle and his company. They can't be giving their services for nothing and if Glasgow Rangers descent into administration is anything to go by, their administrators took more than fifty percent of the 5.5 million pounds paid for the club in fees! Our last hope appears to be our local politicians who, of course, have been active and animated in their pursuit of funding!

As always Tricky, your comments make sense, and you are right on most points> not sure about Insolvency fees at the staggering amount you quote, but certainly along with HMRC they are usually the first and sometimes only payments made after "Insolvency" which is basically what going into administration is all about.
But a cheaper way of achieving the same result as being involuntary wound up by a large creditor, ie HMRC.

What concerns me is the aforesaid Mr. Guilfoyle, who has already taken on the company spokesperson's job, just like a full blown court appointed administrator would, do?

As an ambassador for the club his comments are not allaying any of the doom and gloom merchants fears or misconceptions about the term "Administration".

In my past I have been involved as a creditor in Admin.
situations, every one has resulted in the loss of the money owed, as the professional fees, plus Tax and Vat, Bank etc. are the first to be paid once all assets are sold
off! Quite frankly as a shareholder with the Bulls, I realise like all shareholders, we will get nothing. Because after a company is insolvent, the shares are worthless, and cannot be transferred to a new set up, or has the Law changed
dramatically since I last lost out to "Insolvency of clients".
Perhaps some of the more astute on the site, can enlighten me further?

The administrator will get his fees first, usually. Creditors secured by a fixed charge (mortgage) get paid out of the realisation of their security.
.
Next come the preferential creditors, which nowadays are pretty well limited to relevant employee claims. Crown preference, which gave the taxman preferential status for various claims, was abolished ten years ago.
.
Then comes anyone secured by a floating charge (debenture).
.
Anything left - usually not a lot, since loads of liabilities crystallise on insolvency and asset realisable values plummet - is paid out to the unsecured creditors - nowadays including the taxman - as a dividend. Since the Taxman is usually the largest unsecured creditor in a sports club insolvency, this explains their aggressive stance.
.
There my be creditors whose debt as been subordinated to rank after other creditors. They come next if there is anything left.
.
And yes, it is almost inconceivable that there will be anything left for the shareholders, last in line.

Adeybull wrote:

raisemeup wrote:

Tricky Dicky wrote:
The previous and current management teams at the Bulls have lost an enormous amount of good will. Many, including myself, feel duped and used. It will take exceptional PR to recover the lost faith, if ever. It will certainly take a person with more charisma, interpersonal skills and eloquence to articulate the path back to the top than either Mr Coulby or Mr Caisley possess. I feel they should disappear as soon as administration is announced. The only winner in this is Mr Guilfoyle and his company. They can't be giving their services for nothing and if Glasgow Rangers descent into administration is anything to go by, their administrators took more than fifty percent of the 5.5 million pounds paid for the club in fees! Our last hope appears to be our local politicians who, of course, have been active and animated in their pursuit of funding!

As always Tricky, your comments make sense, and you are right on most points> not sure about Insolvency fees at the staggering amount you quote, but certainly along with HMRC they are usually the first and sometimes only payments made after "Insolvency" which is basically what going into administration is all about.
But a cheaper way of achieving the same result as being involuntary wound up by a large creditor, ie HMRC.

What concerns me is the aforesaid Mr. Guilfoyle, who has already taken on the company spokesperson's job, just like a full blown court appointed administrator would, do?

As an ambassador for the club his comments are not allaying any of the doom and gloom merchants fears or misconceptions about the term "Administration".

In my past I have been involved as a creditor in Admin.
situations, every one has resulted in the loss of the money owed, as the professional fees, plus Tax and Vat, Bank etc. are the first to be paid once all assets are sold
off! Quite frankly as a shareholder with the Bulls, I realise like all shareholders, we will get nothing. Because after a company is insolvent, the shares are worthless, and cannot be transferred to a new set up, or has the Law changed
dramatically since I last lost out to "Insolvency of clients".
Perhaps some of the more astute on the site, can enlighten me further?

The administrator will get his fees first, usually. Creditors secured by a fixed charge (mortgage) get paid out of the realisation of their security.
.
Next come the preferential creditors, which nowadays are pretty well limited to relevant employee claims. Crown preference, which gave the taxman preferential status for various claims, was abolished ten years ago.
.
Then comes anyone secured by a floating charge (debenture).
.
Anything left - usually not a lot, since loads of liabilities crystallise on insolvency and asset realisable values plummet - is paid out to the unsecured creditors - nowadays including the taxman - as a dividend. Since the Taxman is usually the largest unsecured creditor in a sports club insolvency, this explains their aggressive stance.
.
There my be creditors whose debt as been subordinated to rank after other creditors. They come next if there is anything left.
.
And yes, it is almost inconceivable that there will be anything left for the shareholders, last in line.

Much obliged.,Adey
Looks like a lot of things have changed since retirement beckoned!
But still won't get any cash back!
However, like you and Tricky I'd rather have the club back in the top flight!