Couldn't agree more.

Whilst it is blindingly and depressingly obvious that there has been appalling mismanagement at the Bulls, quite what the SL clubs believed they would achieve by penny pinching half of the Bulls' funding is anyone's guess.

Finally, someone understands.

Seconded. It should never have been put to a vote in the first place.

The people dealing with this mess are not the ones who created it. They've found themselves hamstrung for no other reason than self-serving short sightedness by the SL member clubs. As a result, people are going to lose their jobs. It's actually quite sickening.

So they've bought the club, without realising what a state it was in?

I look forward to their lawsuit against whoever did the due diligence in that case.

Whatever the rights and wrongs of how the club got into this mess, to be bleating about it now primarily because you didn't do your homework when you bought into it is a bit rich.

It's like listening to Cameron and Osborne banging on about how it's all Labour's fault.

I was obviously wrong. I thought the reason the Sky monies were halved was because sky money had already been advance to the bulls to keep them going.

The RFL advanced a quarter of a million to pay wages while the Bulls were in administration, but IIRC the loss of central funding was insisted on by the other SL clubs as a condition of allowing the Bulls to remain in SL rather than relegating them.

Allowing them to continue on an equal footing to everyone else once their debts had been cleared by a CVA was considered unfair by the other clubs.

Thought they were going away from franchises and back to P&R after current franchise period.

In that case I agree with the sentiments above.

I would hate to see Bradford go out of business and cause a number of people to lose their jobs.
But how many times can you blame others for the way the club has been run?
Time after time we keep hearing how the BOD have lost grip on their finances, not understood how bad the debt is etc etc.
Surely any decent business man would make doubly sure everything was above board and there were no hidden debts prior to buying into the club.
Why should they get away with it and expect handouts all the time due to pish poor management?
They even went into administration and shed some of their debts probably leaving some creditors still waiting for their money.
Why on earth didn`t the administrator identify the problem then?
I feel sorry for the employees and the fans on what was a great club.
But maybe a drop into the lower divisions might be the only answer.
Lets see how much support London will get when they end up in the same boat.
No doubt "for the good of the game" money will be found to bail them out too.
I certainly wont be coughing up any more of my hard earned cash to help them raise more funds.

As I understand it due diligence is fine provided numbers provided aren't a complete fabrication. I understand that the current directors intend to take legal action.

Even if I agreed with the reasoning of the other clubs, which I don't, why did they elect to stop it for two years. Of all those involved as fans, players owners past and present, creditors etc about the only ones who this had no impact on were those that took the club to the sorry state they found themselves in. They were long gone. IMO the "new" Bradford were hamstrung from the off.

As good as the golden glow of the world cup felt, it won't help us much if there are an ever reducing pool of professional clubs to hold the interest of the newly converted.

As a matter of interest do we know who the clubs were that voted to halve the Bulls money?

Well Leeds certainly didn't vote to share the money amongst the clubs.

The whole point of due diligence - is for the buyer to get a true picture of the condition of the business - if the auditors doing the investigation don't ask the correct questions you cannot blame the incumbent.

It's not the same as buying a business.
If part of the reason is to save the club you will do so even if there are unknowns or bad management in the past.
It's not like they are looking to turn a profit.