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Two bidders for Bradford Bulls (From Bradford Telegraph and Argus)
Get involved: send your pictures, video, news and views by texting TANEWS to 80360, or email
Two bidders for Bradford Bulls
8:10am Thursday 23rd August 2012 in Bulls By Sports Desk
Rugby Football League director of licensing and standards Blake Solly
The battle for the Bulls has come down to a two-horse race.
Bradford businessman Omar Khan and non-league football club Bradford Park Avenue have emerged as the front-runners to take over the ailing Super League outfit.
Blake Solly, the Rugby Football League’s director of licensing and standards who updated the rest of the Super League clubs at a meeting yesterday, has confirmed that Bradford City have withdrawn their interest while a bid from Super League Europe remains on the table but is seen as a last resort.
The RFL had imposed a deadline of Tuesday for prospective purchasers to submit their business plans for the beleaguered Bulls and Solly insists yesterday’s meeting had been productive, even though the saga is set to continue into another week.
“The Super League clubs were encouraged by the detail presented to them and have mandated the RFL executive to continue working towards bringing the matter to a satisfactory conclusion,” said Solly.
“The RFL will now continue discussions and meet with the bidders as soon as possible.
“I think everyone would agree that it has gone on too long but we want to make sure that the people who are awarded the club are the right people, not for the next five to ten months but for the next five to ten years.
“We want the owners to have the best interests of Bradford Bulls at heart and to be able to take the club forward in a positive direction.”
The Bulls have been in administration since June 26 but joint-administrator Brendan Guilfoyle has continued to push back his deadline to find a buyer and avoid putting the club into liquidation while ever interested parties were coming forward.
The RFL have advanced money from central funding to ensure the players have continued to receive their wages during administration, while the coaching staff have carried on working unpaid after being made redundant.
Despite the adversity, the Bulls are continuing to push for a place in the Super League play-offs, having climbed back into the top eight despite being docked six points for going into administration.
Comments(54)
taurusthebull
says...
8:35am Thu 23 Aug 12
Yes a "right & proper" person is required to take over , but shouldn't we have had that in an administrator as well , instead of someone lining his own (& possibly others ) pockets with the exorbitant fee's he's claiming.?(as quoted on here)
How does it work when a business has no funds and the admin is screwing the business for every penny he can get , is this not a conflict of what he is supposed to be doing (allegedly) ?
Mumby was the best
says...
8:43am Thu 23 Aug 12
taurusthebull wrote:Totally agree, who appointed the administrator?
Amazing , the players and staff doing their utmost to keep the club alive , Fans backing the club home and away, whilst the RFL (&ADMIN) have twiddled thumbs and played with the abacus and dragged on and on , PULL A FINGER OUT AND GET IT SORTED !!
Yes a "right & proper" person is required to take over , but shouldn't we have had that in an administrator as well , instead of someone lining his own (& possibly others ) pockets with the exorbitant fee's he's claiming.?(as quoted on here)
How does it work when a business has no funds and the admin is screwing the business for every penny he can get , is this not a conflict of what he is supposed to be doing (allegedly) ?
I could have had more faith in him If I felt he was neutral!! Plus not being able to retrieve voicemails is an incredible statement from a man in such a powerful position.It`s like Nelson putting the telescope to his blind eye and saying I see no ships.
BCFC LAD
says...
8:47am Thu 23 Aug 12
batleybull
says...
9:15am Thu 23 Aug 12
Van Bellen's Baby
says...
9:15am Thu 23 Aug 12
taurusthebull wrote:Hang on a minute, your condemnation of the administrator fails to acknowledge a rather important detail - we are still in existence! Plus the remuneration figures bandied about must be pure speculation given that as the guy running the club he has some control over confidentiality in this area you would think. I am not saying the amount is insignificant of course it won't be, but how do we know it will not make up part of the purchase price for the club?
Amazing , the players and staff doing their utmost to keep the club alive , Fans backing the club home and away, whilst the RFL (&ADMIN) have twiddled thumbs and played with the abacus and dragged on and on , PULL A FINGER OUT AND GET IT SORTED !!
Yes a "right & proper" person is required to take over , but shouldn't we have had that in an administrator as well , instead of someone lining his own (& possibly others ) pockets with the exorbitant fee's he's claiming.?(as quoted on here)
How does it work when a business has no funds and the admin is screwing the business for every penny he can get , is this not a conflict of what he is supposed to be doing (allegedly) ?
Oh and one last reminder, as has been said on here a number of times by the brighter contributors, the administrator's responsibility is first and foremost to get the best deal possible for the club's creditors; saving the club is, of course, mutually compatible with that aim if the deal to purchase makes sense for creditors as well as going forward. That means a potential clash of cultures: a buyer who wishes to go forward with as little negative financial legacy as possible and an administrator who wishes to see a buyer come up with a good deal for the creditors first.
manure
says...
9:18am Thu 23 Aug 12
Pull your finger out T&A and get some news worth reporting,or carry on letting others do it for you and then print it days later.
Tatecastre
says...
9:22am Thu 23 Aug 12
Mumby was the best
says...
9:24am Thu 23 Aug 12
Van Bellen's Baby wrote:You are quite right but it`s the frustration of the situation that gets to the fans.
taurusthebull wrote:Hang on a minute, your condemnation of the administrator fails to acknowledge a rather important detail - we are still in existence! Plus the remuneration figures bandied about must be pure speculation given that as the guy running the club he has some control over confidentiality in this area you would think. I am not saying the amount is insignificant of course it won't be, but how do we know it will not make up part of the purchase price for the club?
Amazing , the players and staff doing their utmost to keep the club alive , Fans backing the club home and away, whilst the RFL (&ADMIN) have twiddled thumbs and played with the abacus and dragged on and on , PULL A FINGER OUT AND GET IT SORTED !!
Yes a "right & proper" person is required to take over , but shouldn't we have had that in an administrator as well , instead of someone lining his own (& possibly others ) pockets with the exorbitant fee's he's claiming.?(as quoted on here)
How does it work when a business has no funds and the admin is screwing the business for every penny he can get , is this not a conflict of what he is supposed to be doing (allegedly) ?
Oh and one last reminder, as has been said on here a number of times by the brighter contributors, the administrator's responsibility is first and foremost to get the best deal possible for the club's creditors; saving the club is, of course, mutually compatible with that aim if the deal to purchase makes sense for creditors as well as going forward. That means a potential clash of cultures: a buyer who wishes to go forward with as little negative financial legacy as possible and an administrator who wishes to see a buyer come up with a good deal for the creditors first.
But I still believe he is too closely linked with CC
Correctness
says...
9:25am Thu 23 Aug 12
BCFC LAD wrote:He never went back to the hospital last night.
Morning mumby, they let you out your room early today.
BCFC LAD
says...
9:29am Thu 23 Aug 12
Tatecastre
says...
9:45am Thu 23 Aug 12
Van Bellen's Baby
says...
9:46am Thu 23 Aug 12
Mumby was the best wrote:Yes it is frustrating, not least because if this isn't resolved until the end of the season our chances of remaining in Superleague drop considerably. Had a buyer had the chance to prove stability to the RFL before the end of the season it might have been enough, but now, you fear the worst for next season.
Van Bellen's Baby wrote:You are quite right but it`s the frustration of the situation that gets to the fans.
taurusthebull wrote:Hang on a minute, your condemnation of the administrator fails to acknowledge a rather important detail - we are still in existence! Plus the remuneration figures bandied about must be pure speculation given that as the guy running the club he has some control over confidentiality in this area you would think. I am not saying the amount is insignificant of course it won't be, but how do we know it will not make up part of the purchase price for the club?
Amazing , the players and staff doing their utmost to keep the club alive , Fans backing the club home and away, whilst the RFL (&ADMIN) have twiddled thumbs and played with the abacus and dragged on and on , PULL A FINGER OUT AND GET IT SORTED !!
Yes a "right & proper" person is required to take over , but shouldn't we have had that in an administrator as well , instead of someone lining his own (& possibly others ) pockets with the exorbitant fee's he's claiming.?(as quoted on here)
How does it work when a business has no funds and the admin is screwing the business for every penny he can get , is this not a conflict of what he is supposed to be doing (allegedly) ?
Oh and one last reminder, as has been said on here a number of times by the brighter contributors, the administrator's responsibility is first and foremost to get the best deal possible for the club's creditors; saving the club is, of course, mutually compatible with that aim if the deal to purchase makes sense for creditors as well as going forward. That means a potential clash of cultures: a buyer who wishes to go forward with as little negative financial legacy as possible and an administrator who wishes to see a buyer come up with a good deal for the creditors first.
But I still believe he is too closely linked with CC
Prycey
says...
9:53am Thu 23 Aug 12
.
It does appear to be getting sorted out and hopefully we will have new owners next week.
Tatecastre
says...
9:59am Thu 23 Aug 12
BCFC LAD
says...
10:08am Thu 23 Aug 12
pjbull
says...
10:16am Thu 23 Aug 12
murphyslaw
says...
10:19am Thu 23 Aug 12
Prycey wrote:Next week!!!! You having a laugh?
Go to the Yorkshire Post for a much better article. This report was taken from Boots N All last night.
.
It does appear to be getting sorted out and hopefully we will have new owners next week.
Tatecastre
says...
10:21am Thu 23 Aug 12
raisemeup
says...
10:21am Thu 23 Aug 12
As Eddie Hemmings said a lot of talk and little substance.
One question that should have been answered related to the granting of the licence. Blake Solly wriggled like a wriggly thing. He passed off the situation as being unforeseen expenses and that the forecast for season tickets sales was less than forecasted. That's something that couldn't be refuted as we don't know the forecast and we only have the word of the past regime to tell us how many were pledged and taken up ie 10,483 @ £75 basic cost. If my memory serves me correctly.
He didn't mention the unprecedented purchase of our lease to clawback the £750k we owed them (for what I don't know, maybe it was our contribution/subscri
ption money still owed?) That effectively set the rot into the finances, besides adding a further £250k v.a.t debt to our portfolio.
So if we sold the Lease for £1.25m a figure not in dispute. And of that £750k was clawed back, with a VAT proportion of £250k the Bulls were left with £........Answers on a post card to BS c/o Red Hall.The question then is:
"So this Lease being sold way below the market value, ultimately was instrumental to the domino effect, that brought about a situation with the Bank withdrawing overdraft facilities, whilst asking for repayment of the current overdraft plus the subsequent Bradford Bulls, financial meltdown?"
A hypothetical question for a hypothetical spokesman.!
Thee Voice of Reason
says...
10:39am Thu 23 Aug 12
raisemeup wrote:Season tickets were £85 not £75 btw, I know you like your numbers.
Like many of you listening to the ubiquitous BS ter. BS. I feel a sense of foreboding that the nit picking will continue until we have to accept anything they dish out to us. As Eddie Hemmings said a lot of talk and little substance. One question that should have been answered related to the granting of the licence. Blake Solly wriggled like a wriggly thing. He passed off the situation as being unforeseen expenses and that the forecast for season tickets sales was less than forecasted. That's something that couldn't be refuted as we don't know the forecast and we only have the word of the past regime to tell us how many were pledged and taken up ie 10,483 @ £75 basic cost. If my memory serves me correctly. He didn't mention the unprecedented purchase of our lease to clawback the £750k we owed them (for what I don't know, maybe it was our contribution/subscri ption money still owed?) That effectively set the rot into the finances, besides adding a further £250k v.a.t debt to our portfolio. So if we sold the Lease for £1.25m a figure not in dispute. And of that £750k was clawed back, with a VAT proportion of £250k the Bulls were left with £........Answers on a post card to BS c/o Red Hall.The question then is: "So this Lease being sold way below the market value, ultimately was instrumental to the domino effect, that brought about a situation with the Bank withdrawing overdraft facilities, whilst asking for repayment of the current overdraft plus the subsequent Bradford Bulls, financial meltdown?" A hypothetical question for a hypothetical spokesman.!
As for the sale of the lease being the start of a Domino effect, you are probably partly right on that as I would expect the overdraft was given based on the club owning the lease, when the lease went the bank got nervous and called in the overdraft, still most of the overdraft was covered by the pledge monies but even after that the club has been way way short of funds to pay it's way which turns the finger back to the RFL, what did they actually do to make sure the figures that accompanied the application for a super league licence. My guess is nothing.
raisemeup
says...
10:50am Thu 23 Aug 12
Tatecastre wrote:Well if that report was taken from Boots n all last night. I would seriously question the journo.
Prycey, shows the level of reporting that's the t n a. Very poor. If I was management, I would've seriously worried. Great news though, that ALL the other clubs are behind us.
BS when asked said the voting procedure would take place at a later date, and wouldn't confirm the number of clubs saying yes or no either way.
Eddie Hemmings also said to the glove puppet sat opposite him, that how could he deny the major clubs who had already voiced their support.
To which we got a negative and stock reply from his puppetness.
Even suggesting that the Bulls were taking support from the competition, to get them tiptoeing into the play offs or even grand final..at least we had the satisfaction of seeing a look from Sean Mc Crae, that suggested we look for his lobotomy scar, or where the sawdust had been added for the stuffing.
Sometimes I think he has a string at the back, and once pulled he begins to spout uncontrollable verbal diarrhoea. (had to look that one up!)
BCFC LAD
says...
10:51am Thu 23 Aug 12
raisemeup
says...
11:15am Thu 23 Aug 12
Thee Voice of Reason wrote:No pretty sure it was £75 . if it had been £85 they would have fared a lot better with £891k paid before Xmas last year.
raisemeup wrote:Season tickets were £85 not £75 btw, I know you like your numbers.
Like many of you listening to the ubiquitous BS ter. BS. I feel a sense of foreboding that the nit picking will continue until we have to accept anything they dish out to us. As Eddie Hemmings said a lot of talk and little substance. One question that should have been answered related to the granting of the licence. Blake Solly wriggled like a wriggly thing. He passed off the situation as being unforeseen expenses and that the forecast for season tickets sales was less than forecasted. That's something that couldn't be refuted as we don't know the forecast and we only have the word of the past regime to tell us how many were pledged and taken up ie 10,483 @ £75 basic cost. If my memory serves me correctly. He didn't mention the unprecedented purchase of our lease to clawback the £750k we owed them (for what I don't know, maybe it was our contribution/subscri ption money still owed?) That effectively set the rot into the finances, besides adding a further £250k v.a.t debt to our portfolio. So if we sold the Lease for £1.25m a figure not in dispute. And of that £750k was clawed back, with a VAT proportion of £250k the Bulls were left with £........Answers on a post card to BS c/o Red Hall.The question then is: "So this Lease being sold way below the market value, ultimately was instrumental to the domino effect, that brought about a situation with the Bank withdrawing overdraft facilities, whilst asking for repayment of the current overdraft plus the subsequent Bradford Bulls, financial meltdown?" A hypothetical question for a hypothetical spokesman.!
As for the sale of the lease being the start of a Domino effect, you are probably partly right on that as I would expect the overdraft was given based on the club owning the lease, when the lease went the bank got nervous and called in the overdraft, still most of the overdraft was covered by the pledge monies but even after that the club has been way way short of funds to pay it's way which turns the finger back to the RFL, what did they actually do to make sure the figures that accompanied the application for a super league licence. My guess is nothing.
Thee Voice of Reason
says...
11:34am Thu 23 Aug 12
raisemeup wrote:I do get a little tired of proving you wrong but here is the proof.
Thee Voice of Reason wrote:No pretty sure it was £75 . if it had been £85 they would have fared a lot better with £891k paid before Xmas last year.raisemeup wrote: Like many of you listening to the ubiquitous BS ter. BS. I feel a sense of foreboding that the nit picking will continue until we have to accept anything they dish out to us. As Eddie Hemmings said a lot of talk and little substance. One question that should have been answered related to the granting of the licence. Blake Solly wriggled like a wriggly thing. He passed off the situation as being unforeseen expenses and that the forecast for season tickets sales was less than forecasted. That's something that couldn't be refuted as we don't know the forecast and we only have the word of the past regime to tell us how many were pledged and taken up ie 10,483 @ £75 basic cost. If my memory serves me correctly. He didn't mention the unprecedented purchase of our lease to clawback the £750k we owed them (for what I don't know, maybe it was our contribution/subscri ption money still owed?) That effectively set the rot into the finances, besides adding a further £250k v.a.t debt to our portfolio. So if we sold the Lease for £1.25m a figure not in dispute. And of that £750k was clawed back, with a VAT proportion of £250k the Bulls were left with £........Answers on a post card to BS c/o Red Hall.The question then is: "So this Lease being sold way below the market value, ultimately was instrumental to the domino effect, that brought about a situation with the Bank withdrawing overdraft facilities, whilst asking for repayment of the current overdraft plus the subsequent Bradford Bulls, financial meltdown?" A hypothetical question for a hypothetical spokesman.!Season tickets were £85 not £75 btw, I know you like your numbers. As for the sale of the lease being the start of a Domino effect, you are probably partly right on that as I would expect the overdraft was given based on the club owning the lease, when the lease went the bank got nervous and called in the overdraft, still most of the overdraft was covered by the pledge monies but even after that the club has been way way short of funds to pay it's way which turns the finger back to the RFL, what did they actually do to make sure the figures that accompanied the application for a super league licence. My guess is nothing.
http://www.thetelegr
aphandargus.co.uk/sp
ort/sportbulls/94825
24.Bradford_Bulls_hi
t_10_000_fans_target
/
mdn
says...
11:51am Thu 23 Aug 12
raisemeup wrote:was £75 for the first 3k terrace tickets only. terrace tickets after initial 3k were £85. And theres approx 4k sat in stand who paid considerably more than £85 too. saying it was 10,483 at £75 is way too simplistic a view.
Thee Voice of Reason wrote:No pretty sure it was £75 . if it had been £85 they would have fared a lot better with £891k paid before Xmas last year.raisemeup wrote: Like many of you listening to the ubiquitous BS ter. BS. I feel a sense of foreboding that the nit picking will continue until we have to accept anything they dish out to us. As Eddie Hemmings said a lot of talk and little substance. One question that should have been answered related to the granting of the licence. Blake Solly wriggled like a wriggly thing. He passed off the situation as being unforeseen expenses and that the forecast for season tickets sales was less than forecasted. That's something that couldn't be refuted as we don't know the forecast and we only have the word of the past regime to tell us how many were pledged and taken up ie 10,483 @ £75 basic cost. If my memory serves me correctly. He didn't mention the unprecedented purchase of our lease to clawback the £750k we owed them (for what I don't know, maybe it was our contribution/subscri ption money still owed?) That effectively set the rot into the finances, besides adding a further £250k v.a.t debt to our portfolio. So if we sold the Lease for £1.25m a figure not in dispute. And of that £750k was clawed back, with a VAT proportion of £250k the Bulls were left with £........Answers on a post card to BS c/o Red Hall.The question then is: "So this Lease being sold way below the market value, ultimately was instrumental to the domino effect, that brought about a situation with the Bank withdrawing overdraft facilities, whilst asking for repayment of the current overdraft plus the subsequent Bradford Bulls, financial meltdown?" A hypothetical question for a hypothetical spokesman.!Season tickets were £85 not £75 btw, I know you like your numbers. As for the sale of the lease being the start of a Domino effect, you are probably partly right on that as I would expect the overdraft was given based on the club owning the lease, when the lease went the bank got nervous and called in the overdraft, still most of the overdraft was covered by the pledge monies but even after that the club has been way way short of funds to pay it's way which turns the finger back to the RFL, what did they actually do to make sure the figures that accompanied the application for a super league licence. My guess is nothing.
Thee Voice of Reason
says...
11:53am Thu 23 Aug 12
mdn wrote:Don't forget part of that money isn't the clubs, it's the taxmans in VAT so those figures need to be reduced by 20% to pay the VAT bill.
raisemeup wrote:was £75 for the first 3k terrace tickets only. terrace tickets after initial 3k were £85. And theres approx 4k sat in stand who paid considerably more than £85 too. saying it was 10,483 at £75 is way too simplistic a view.Thee Voice of Reason wrote:No pretty sure it was £75 . if it had been £85 they would have fared a lot better with £891k paid before Xmas last year.raisemeup wrote: Like many of you listening to the ubiquitous BS ter. BS. I feel a sense of foreboding that the nit picking will continue until we have to accept anything they dish out to us. As Eddie Hemmings said a lot of talk and little substance. One question that should have been answered related to the granting of the licence. Blake Solly wriggled like a wriggly thing. He passed off the situation as being unforeseen expenses and that the forecast for season tickets sales was less than forecasted. That's something that couldn't be refuted as we don't know the forecast and we only have the word of the past regime to tell us how many were pledged and taken up ie 10,483 @ £75 basic cost. If my memory serves me correctly. He didn't mention the unprecedented purchase of our lease to clawback the £750k we owed them (for what I don't know, maybe it was our contribution/subscri ption money still owed?) That effectively set the rot into the finances, besides adding a further £250k v.a.t debt to our portfolio. So if we sold the Lease for £1.25m a figure not in dispute. And of that £750k was clawed back, with a VAT proportion of £250k the Bulls were left with £........Answers on a post card to BS c/o Red Hall.The question then is: "So this Lease being sold way below the market value, ultimately was instrumental to the domino effect, that brought about a situation with the Bank withdrawing overdraft facilities, whilst asking for repayment of the current overdraft plus the subsequent Bradford Bulls, financial meltdown?" A hypothetical question for a hypothetical spokesman.!Season tickets were £85 not £75 btw, I know you like your numbers. As for the sale of the lease being the start of a Domino effect, you are probably partly right on that as I would expect the overdraft was given based on the club owning the lease, when the lease went the bank got nervous and called in the overdraft, still most of the overdraft was covered by the pledge monies but even after that the club has been way way short of funds to pay it's way which turns the finger back to the RFL, what did they actually do to make sure the figures that accompanied the application for a super league licence. My guess is nothing.
murphyslaw
says...
12:17pm Thu 23 Aug 12
Tatecastre wrote:Nay lad, we stopped taking any notice of 'what was said' months ago. It's not the doubters who are confused it's more like the gullible.
The actual quotere new owners, at the meeting was " as early as next week " I suggest the doubters go and read the FULL article on the meeting in the Yorkshire Post. At the meeting were, Maurice Watkins, Nigel Wood et al. Not just Blake Solly. You'll get a better idea as to what ifs happening and what was said.
Tatecastre
says...
12:40pm Thu 23 Aug 12
smitto
says...
12:54pm Thu 23 Aug 12
roosonian
says...
1:04pm Thu 23 Aug 12
Thee Voice of Reason wrote:I paid £75 for my ticket the offer was first 3000 to pledge and pay got it for £75
raisemeup wrote:Season tickets were £85 not £75 btw, I know you like your numbers.
Like many of you listening to the ubiquitous BS ter. BS. I feel a sense of foreboding that the nit picking will continue until we have to accept anything they dish out to us. As Eddie Hemmings said a lot of talk and little substance. One question that should have been answered related to the granting of the licence. Blake Solly wriggled like a wriggly thing. He passed off the situation as being unforeseen expenses and that the forecast for season tickets sales was less than forecasted. That's something that couldn't be refuted as we don't know the forecast and we only have the word of the past regime to tell us how many were pledged and taken up ie 10,483 @ £75 basic cost. If my memory serves me correctly. He didn't mention the unprecedented purchase of our lease to clawback the £750k we owed them (for what I don't know, maybe it was our contribution/subscri ption money still owed?) That effectively set the rot into the finances, besides adding a further £250k v.a.t debt to our portfolio. So if we sold the Lease for £1.25m a figure not in dispute. And of that £750k was clawed back, with a VAT proportion of £250k the Bulls were left with £........Answers on a post card to BS c/o Red Hall.The question then is: "So this Lease being sold way below the market value, ultimately was instrumental to the domino effect, that brought about a situation with the Bank withdrawing overdraft facilities, whilst asking for repayment of the current overdraft plus the subsequent Bradford Bulls, financial meltdown?" A hypothetical question for a hypothetical spokesman.!
As for the sale of the lease being the start of a Domino effect, you are probably partly right on that as I would expect the overdraft was given based on the club owning the lease, when the lease went the bank got nervous and called in the overdraft, still most of the overdraft was covered by the pledge monies but even after that the club has been way way short of funds to pay it's way which turns the finger back to the RFL, what did they actually do to make sure the figures that accompanied the application for a super league licence. My guess is nothing.
raisemeup
says...
1:37pm Thu 23 Aug 12
mdn wrote:The basic cost was £75 which is what I said. Same as saying from £75...not going into the where and where fors...
raisemeup wrote:was £75 for the first 3k terrace tickets only. terrace tickets after initial 3k were £85. And theres approx 4k sat in stand who paid considerably more than £85 too. saying it was 10,483 at £75 is way too simplistic a view.
Thee Voice of Reason wrote:No pretty sure it was £75 . if it had been £85 they would have fared a lot better with £891k paid before Xmas last year.raisemeup wrote: Like many of you listening to the ubiquitous BS ter. BS. I feel a sense of foreboding that the nit picking will continue until we have to accept anything they dish out to us. As Eddie Hemmings said a lot of talk and little substance. One question that should have been answered related to the granting of the licence. Blake Solly wriggled like a wriggly thing. He passed off the situation as being unforeseen expenses and that the forecast for season tickets sales was less than forecasted. That's something that couldn't be refuted as we don't know the forecast and we only have the word of the past regime to tell us how many were pledged and taken up ie 10,483 @ £75 basic cost. If my memory serves me correctly. He didn't mention the unprecedented purchase of our lease to clawback the £750k we owed them (for what I don't know, maybe it was our contribution/subscri ption money still owed?) That effectively set the rot into the finances, besides adding a further £250k v.a.t debt to our portfolio. So if we sold the Lease for £1.25m a figure not in dispute. And of that £750k was clawed back, with a VAT proportion of £250k the Bulls were left with £........Answers on a post card to BS c/o Red Hall.The question then is: "So this Lease being sold way below the market value, ultimately was instrumental to the domino effect, that brought about a situation with the Bank withdrawing overdraft facilities, whilst asking for repayment of the current overdraft plus the subsequent Bradford Bulls, financial meltdown?" A hypothetical question for a hypothetical spokesman.!Season tickets were £85 not £75 btw, I know you like your numbers. As for the sale of the lease being the start of a Domino effect, you are probably partly right on that as I would expect the overdraft was given based on the club owning the lease, when the lease went the bank got nervous and called in the overdraft, still most of the overdraft was covered by the pledge monies but even after that the club has been way way short of funds to pay it's way which turns the finger back to the RFL, what did they actually do to make sure the figures that accompanied the application for a super league licence. My guess is nothing.
I refuse to get into this silliness.
Leave it, it bears no relation to anything that's happening at this moment.
Incidently I know all about the add ons that made the figures even higher depending on what the person who had bought the ticket was prepared to pay...
raisemeup
says...
1:42pm Thu 23 Aug 12
Thee Voice of Reason wrote:No you don't that's how you think?
raisemeup wrote:I do get a little tired of proving you wrong but here is the proof.
Thee Voice of Reason wrote:No pretty sure it was £75 . if it had been £85 they would have fared a lot better with £891k paid before Xmas last year.raisemeup wrote: Like many of you listening to the ubiquitous BS ter. BS. I feel a sense of foreboding that the nit picking will continue until we have to accept anything they dish out to us. As Eddie Hemmings said a lot of talk and little substance. One question that should have been answered related to the granting of the licence. Blake Solly wriggled like a wriggly thing. He passed off the situation as being unforeseen expenses and that the forecast for season tickets sales was less than forecasted. That's something that couldn't be refuted as we don't know the forecast and we only have the word of the past regime to tell us how many were pledged and taken up ie 10,483 @ £75 basic cost. If my memory serves me correctly. He didn't mention the unprecedented purchase of our lease to clawback the £750k we owed them (for what I don't know, maybe it was our contribution/subscri ption money still owed?) That effectively set the rot into the finances, besides adding a further £250k v.a.t debt to our portfolio. So if we sold the Lease for £1.25m a figure not in dispute. And of that £750k was clawed back, with a VAT proportion of £250k the Bulls were left with £........Answers on a post card to BS c/o Red Hall.The question then is: "So this Lease being sold way below the market value, ultimately was instrumental to the domino effect, that brought about a situation with the Bank withdrawing overdraft facilities, whilst asking for repayment of the current overdraft plus the subsequent Bradford Bulls, financial meltdown?" A hypothetical question for a hypothetical spokesman.!Season tickets were £85 not £75 btw, I know you like your numbers. As for the sale of the lease being the start of a Domino effect, you are probably partly right on that as I would expect the overdraft was given based on the club owning the lease, when the lease went the bank got nervous and called in the overdraft, still most of the overdraft was covered by the pledge monies but even after that the club has been way way short of funds to pay it's way which turns the finger back to the RFL, what did they actually do to make sure the figures that accompanied the application for a super league licence. My guess is nothing.
http://www.thetelegr
aphandargus.co.uk/sp
ort/sportbulls/94825
24.Bradford_Bulls_hi
t_10_000_fans_target
/
raisemeup
says...
2:02pm Thu 23 Aug 12
But the second seemingly was more insightfull, and looked as if it was a seperate interview with Gary Hetherington, after the meeting.
If it was, our thanks must go to him and the others like Eamonn Mc Manus, for making our lives feel much more positive at this moment...because after the Boots n all interview, I for one felt less than positive, and after hearing the glove puppet spouting on, even less so!
But that info. from the YP if totally correct (and who wouldn't trust the source)pleases me no end, and we now look forward to a better future.
It is now up to us all collectively to get behind our sport from top to bottom, and to make sure we have an adequate "Parachute" fund at the rfl, where all clubs can come together for the sake of our sport.
Parochialism is no alternative to collective voices having the same aims and objectives.
(after all that let's hope it's right???)
BCFC LAD
says...
2:06pm Thu 23 Aug 12
Tatecastre
says...
2:12pm Thu 23 Aug 12
BCFC LAD
says...
2:28pm Thu 23 Aug 12
bully4us
says...
3:30pm Thu 23 Aug 12
BCFC LAD
says...
3:45pm Thu 23 Aug 12
Mumby was the best
says...
3:46pm Thu 23 Aug 12
pjbull wrote:The 17 players out of contract can sign for other clubs, but the rest can only leave if we are out of SL (which according to a proper paper the YP seems remote). Many will have signed pre-contracts with other clubs just in case. I thought Elima was reported as returning home to France to play at Catalans.
All the other Clubs may be behind us but it suits them for the saga to drag on past Sept 1st as it allows them to sign our players. If it had been sorted by now we would have had a chance of keeping some of them but I'm sure Adam Pearson at Hull (for example) would be delighted that Elima doesn't have a contract from Bradford on the table by Sept 1st, so that he can snap him up.
Keep the faith COYB still alive and snorting.
BCFC LAD
says...
3:51pm Thu 23 Aug 12
yangyeight
says...
5:09pm Thu 23 Aug 12
bully4us wrote:bcfc lad, don't waste your breath.
The moderator culled a few idiots on here lately but all of a sudden BCFC LAD appears. Deary me. Do these people have a life at all appart from coming on here as different names showing us all how stupid they are? Not one sensible comment from BCFC LAD - just drivel like some of the others that have disappeared. It will just be time before he goes then reapears as a new name again. Now lets all ignore them.
if you do not agree 100% with bulls fans you must be either a troll or antibulls!
they do not comprehend you could support both clubs.
yangyeight
says...
5:11pm Thu 23 Aug 12
BCFC LAD
says...
5:45pm Thu 23 Aug 12
Thanks
New Hall Nev
says...
5:48pm Thu 23 Aug 12
Tricky Dicky
says...
7:14pm Thu 23 Aug 12
Tatecastre
says...
7:16pm Thu 23 Aug 12
Mumby was the best
says...
7:23pm Thu 23 Aug 12
Tatecastre wrote:Just IGNORE
Trolls, what a set of ****. Get booted off, come back under a different name, but still write the same way. Your as easy to spot as a pigeon. If your gonna change your name, change your style of prose. If you supported a team, if you had a brain cell, you've posting on your teams site. Not slagging of others. To ALL of you go out, get a job, get a life.
New Hall Nev
says...
7:26pm Thu 23 Aug 12
Tatecastre wrote:iv never been booted off..
Trolls, what a set of ****. Get booted off, come back under a different name, but still write the same way. Your as easy to spot as a pigeon. If your gonna change your name, change your style of prose. If you supported a team, if you had a brain cell, you've posting on your teams site. Not slagging of others. To ALL of you go out, get a job, get a life.
New Hall Nev
says...
7:27pm Thu 23 Aug 12
Mumby was the best wrote:what like when you said i was from remploy
Tatecastre wrote:Just IGNORE
Trolls, what a set of ****. Get booted off, come back under a different name, but still write the same way. Your as easy to spot as a pigeon. If your gonna change your name, change your style of prose. If you supported a team, if you had a brain cell, you've posting on your teams site. Not slagging of others. To ALL of you go out, get a job, get a life.
BCFC LAD
says...
7:29pm Thu 23 Aug 12
New Hall Nev
says...
7:34pm Thu 23 Aug 12
BCFC LAD wrote:im a rugby fan just told them about leeds u20 crowd and bateman there it s on the net about it
Me neither, think some of these egg chasers paranoid.
Mumby was the best
says...
7:39pm Thu 23 Aug 12
Tricky Dicky wrote:Come on this is the best day in all this saga there has been. News coming out from various quarters (T&A excepted) of positive advances in our position. Lets be positive and look forward to a SL future which a while back did not seem to be the case. Also won`t it pi** the trolls off!!
As stated on the BBC News, the SL clubs have voted to guarantee SL rugby at Odsal next year. This means that one of the pre-conditions the RFL would not entertain has been met (and to the benefit of the RFL who own the lease - paradoxical I know but then...) and so the SLE is now superfluous. However, and correct me if I am wrong, this could bring in further bids other than the two on the table and so the roller-coaster ride will continue. I hope the out-of-contract players and redundant staff are being kept abreast of developments as it would be ironic to save the club a week after the players and staff have found alternative employment. It be nice to think all will be resolved soon but I doubt if it will.
New Hall Nev
says...
7:41pm Thu 23 Aug 12
Mumby was the best wrote:nowt to say about remploy comment then
Tricky Dicky wrote:Come on this is the best day in all this saga there has been. News coming out from various quarters (T&A excepted) of positive advances in our position. Lets be positive and look forward to a SL future which a while back did not seem to be the case. Also won`t it pi** the trolls off!!
As stated on the BBC News, the SL clubs have voted to guarantee SL rugby at Odsal next year. This means that one of the pre-conditions the RFL would not entertain has been met (and to the benefit of the RFL who own the lease - paradoxical I know but then...) and so the SLE is now superfluous. However, and correct me if I am wrong, this could bring in further bids other than the two on the table and so the roller-coaster ride will continue. I hope the out-of-contract players and redundant staff are being kept abreast of developments as it would be ironic to save the club a week after the players and staff have found alternative employment. It be nice to think all will be resolved soon but I doubt if it will.

BCFC LAD says...
8:26am Thu 23 Aug 12