FORUMS > Leeds Rhinos > Bulls on the brink |
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| Quote: Andy Gilder "As a gesture of solidarity in their time of crisis, should we offer to return the two competition points stolen during Tanseygate...?'"
Just let them have Tansey or would that be salt in the wounds?
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| Quote: Andy Gilder "As a gesture of solidarity in their time of crisis, should we offer to return the two competition points stolen during Tanseygate...?'"
Only in exchange for the 2005 Grand Final..
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| There's more information on the first couple of pages of thios weeks League Express including a statement from Hood where he admits loans of £1.25 millon since 2009 from SLE, an overdraft of £240k, unpaid PAYE for 2 months and borrowing from the RFL of £700k which was repaid from the sale of the leasehold.
It's a dreadful mess and I'm not sure why anyone thinks it will be anything else going forward even if they reach their target of pledges.
I feel very sorry for players who are auctioning cherished memorabillia that they can never recover if the Bulls end up in Administration in any event.
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| can't see them not going into administration
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| Doesn't the franchising process include a close look at the accounts and balance sheets of potential franchisees? If not it clearly should if it does then the auditors/accountants need to be sued!
It would appear that Bradford Bulls have been so badly mismanaged that Super League standard full time professional rugby league at Odsal is no longer viable - both a disgrace and a shame for the players and fans of the club
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| Quote: tad rhino "can't see them not going into administration'"
Totally agree with you Tad, they have as of a few hours ago had pledges of less than 250K. Even if they reach the first 500k then the next 500k will be a even bigger task. Then if they reach that I think it will only delay the administration process until the end of the season.
Feel sorry for the players and most of all the fans.
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| Quote: Andy Gilder "As a gesture of solidarity in their time of crisis, should we offer to return the two competition points stolen during Tanseygate...?'"
We might get two more for nothing if they don't make it to Magic Weekend
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| They need to face up to the fact they are bankrupt,it's virtually impossible for them to pay debt down from their future projected income.
They should be able to regroup and carry on. This situation could cause a few
Contractual problems with the suits at red hall.
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| Chris Caisley could come to the Rescue if Hood does the Wigan Walk
rlhttps://www.bbc.co.uk/sport/0/rugby-league/17622969rl
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| Oh dear. Chris Caisley?!
Isn't he the one who got them in to this mess in the first place.
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| Quote: RhinoLaney "Oh dear. Chris Caisley?!
Isn't he the one who got them in to this mess in the first place.'"
Yes
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| Caisley was foolish enough to start the "Harris" saga but Hood also weighed in with plenty of "We'll trounce them in court" rhetoric and BS.
I honestly can't believe they've raised as much as they have whilst they have the same board in charge.
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| Its not looking good is it.
A couple of hundred grand off their "half /5:00 tomorrow" target and Caisley pushing the buttons.
I see he wants Noble on board as a consultant too ( Bradford T&A)
How long before they dust Harris off for a few games or coach when Potter walks.
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| Quote: the canaries "Its not looking good is it.
A couple of hundred grand off their "half /5
You don't really believe they needed £500k do you?
All bull to me. Think they are giving the begging bowl to get as much as they can, rather than what they need. Disgraceful management in my opinion.
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Club Coach | 12106 | No Team Selected |
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| Quote: Gotcha "You don't really believe they needed £500k do you?
All bull to me. Think they are giving the begging bowl to get as much as they can, rather than what they need. Disgraceful management in my opinion.'"
If being invited to speculate (and I choose to interpret your question mark that way) based on nothing but hunches and media reports, I think they owe quite a lot more than that. I think producing £500k would buy them some time and appease a few creditors for a while.
I am increasingly coming to suspect, however, that nobody at the club really thought the pledge scheme stood a chance of doing anything other than demonstrating a strong brand loyalty to investors. I think there is some panic setting in now that it is at least a credible possibility that the £500k might actually materialise. I don't believe they ever had any intention of collecting on it, or doing anything other than going into administration.
This is just idle specualtion, but meh, what's the internet for?
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