FORUMS > Bradford Bulls > Renamed: Super League Europe Ltd buys the Bulls |
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67885_1353513270.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_67885.jpg |
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| Firstly, I'd like to say I'm glad the Bulls look to be in the clear. OK, I'm a Leeds fan, but have a few good friends who are Bradford fans. I'm genuinely chuffed to bits for them and the rest of you.
I do feel sorry for fans of other clubs who have entered admin or gone bust. They must be find today's news perplexing at the least.
Obviously the deal still needs to go though and we probably won't know a lot of finer details for a while yet.
Let's hope this mess can be resolved and the whole thing is used as a case-study for the prevention of future club financial problems.
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| Ever run your own business?
If you have and in these desperate economic times you will understand that precedents and principles will only lead to the destruction of your business.
The RFL is run by people living in the past where such qualities whilst admirable only end up being the losing call.
Had it been me I would have entertained the best bid regardless of any conditions.
Bull is what was required here from the RFL and they couldnt grasp that. The Bradford Bulls situation is the thin end of the wedge. Why dont they get it?
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Quote: andycapp "Ever run your own business?
If you have and in these desperate economic times you will understand that precedents and principles will only lead to the destruction of your business.
The RFL is run by people living in the past where such qualities whilst admirable only end up being the losing call.
Had it been me I would have entertained the best bid regardless of any conditions.
Bull is what was required here from the RFL and they couldnt grasp that. The Bradford Bulls situation is the thin end of the wedge. Why dont they get it?'"
Blake Solly's ethical stand is all well and good but it essentially means one BoD can destroy a club forever. The RFL are insisting on something that isn't insisted on in any other business or in law. The only case that can be made is if the financial probity aspect of the licensing system is so efficient it flags up any issues and club are faced with and emplys serious sanctions prior to ending up in this state such as signing embargo, the resignation of directors and RFL intervention in the clubs finances. In this case the RFL lent them money when we can assume the bank said 'mo more'.
Solly's 'moral' position is all the more surprising when considering the lease which was to become a key stumbling block. When the RFL bought it they told us it was to safeguard the future of the stadium. This raised eyebrows at the time as it is owned by the council who have recently said there is some kind of Sport England condition that means only rugby league can be played there unitl 2019.
Solly's position is here
www.thetelegraphandargus.co.uk/s ... League___/
On the whole I'm not against imposing standards of financial probity which are higher than the law. However, I don't see how you can insist on such if
a) your own process of financial governance has failed
b) you have ignored further instances which should have alerted the RFL to the financial situation at Bradford.
c) you have lent the club money and failed to act in any way when they failed to make payment
d) you have bought the lease on their ground and in explanation told a story which was untrue.
e) you conducted c and d in complete secrecy thereby not only not enacting a process of scrutiny but allowing the club and its directors to escape any reasonable scrutiny from the supporters or shareholders
f) you have taken no sanction on the club's former directors
g) you are aware that the clubs supporters have raised 500k in order to pay debts that you were aware of and took no action to curb many months previously
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Quote: andycapp "Ever run your own business?
If you have and in these desperate economic times you will understand that precedents and principles will only lead to the destruction of your business.
The RFL is run by people living in the past where such qualities whilst admirable only end up being the losing call.
Had it been me I would have entertained the best bid regardless of any conditions.
Bull is what was required here from the RFL and they couldnt grasp that. The Bradford Bulls situation is the thin end of the wedge. Why dont they get it?'"
Blake Solly's ethical stand is all well and good but it essentially means one BoD can destroy a club forever. The RFL are insisting on something that isn't insisted on in any other business or in law. The only case that can be made is if the financial probity aspect of the licensing system is so efficient it flags up any issues and club are faced with and emplys serious sanctions prior to ending up in this state such as signing embargo, the resignation of directors and RFL intervention in the clubs finances. In this case the RFL lent them money when we can assume the bank said 'mo more'.
Solly's 'moral' position is all the more surprising when considering the lease which was to become a key stumbling block. When the RFL bought it they told us it was to safeguard the future of the stadium. This raised eyebrows at the time as it is owned by the council who have recently said there is some kind of Sport England condition that means only rugby league can be played there unitl 2019.
Solly's position is here
www.thetelegraphandargus.co.uk/s ... League___/
On the whole I'm not against imposing standards of financial probity which are higher than the law. However, I don't see how you can insist on such if
a) your own process of financial governance has failed
b) you have ignored further instances which should have alerted the RFL to the financial situation at Bradford.
c) you have lent the club money and failed to act in any way when they failed to make payment
d) you have bought the lease on their ground and in explanation told a story which was untrue.
e) you conducted c and d in complete secrecy thereby not only not enacting a process of scrutiny but allowing the club and its directors to escape any reasonable scrutiny from the supporters or shareholders
f) you have taken no sanction on the club's former directors
g) you are aware that the clubs supporters have raised 500k in order to pay debts that you were aware of and took no action to curb many months previously
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| Quote: M@islebugs "On the whole I'm not against imposing standards of financial probity which are higher than the law. However, I don't see how you can insist on such if
a) your own process of financial governance has failed
b) you have ignored further instances which should have alerted the RFL to the financial situation at Bradford.
c) you have lent the club money and failed to act in any way when they failed to make payment
d) you have bought the lease on their ground and in explanation told a story which was untrue.
e) you conducted c and d in complete secrecy thereby not only not enacting a process of scrutiny but allowing the club and its directors to escape any reasonable scrutiny from the supporters or shareholders
f) you have taken no sanction on the club's former directors
g) you are aware that the clubs supporters have raised 500k in order to pay debts that you were aware of and took no action to curb many months previously'"
Spot on - but if the fans can manage to come back again to try to rescue something with others you would hope the RFL can redeen themselves from some of the above by co-operating. While the game has changed tremendously from the 1963 rescue - even in the "Sky" age the fans are stil the root and core of the game.
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9005.jpg kcab sfrawdder
Luck is a combination of preparation and opportunity
Just to avoid confusion Starbug is the username of Steven Pike
SOMEBODY SAID that it couldn’t be done
But he with a chuckle replied
That “maybe it couldn’t,” but he would be one
Who wouldn’t say so till he’d tried.
So he buckled right in with the trace of a grin
On his face. If he worried he hid it.
He started to sing as he tackled the thing
That couldn’t be done, and he did it!:9005.jpg |
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| Quote: Northernrelic "Spot on - but if the fans can manage to come back again to try to rescue something with others you would hope the RFL can redeen themselves from some of the above by co-operating. While the game has changed tremendously from the 1963 rescue - even in the "Sky" age the fans are stil the root and core of the game.'"
The RFL are co-operating , they are ensuring there will be a Bradford RL team playing at Odsal next season, the rest will be up to the fans
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1271.jpg Whenever you find yourself on the side of the majority, it is time to pause and reflect.
Mark Twain
Build Bridges NOT Walls:1271.jpg |
Moderator
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| In my view the mismanagement, and living beyond our means, goes back beyond a single board and back to the Odsal settlement. I'm the first to admit that I cheered all our successes, along with everyone else, but it was all built on sand as income was never enough to cover expenses as, then chairman Caisley said, when in the T&A he blamed the lack fans for the earlier losses. To be honest I do have some sympathy, since he was basically correct and our crowd, imo, has always been 'ficklle', but clumsy statements like that did little to foster a more positive public reaction and anyway always come across a bit like a bad workman blaming his tools, when, in truth it was the then board's decisions which were at the heart of everything, rather than the public.
After that followed all the book balancing departures, in which finally, IIRC the then chief exec himself resigned after getting rid of the more expensive staff. Not sure about the exact chronology but after Peter Hood took over, there were mistakes for sure, but in fairness he was firefighting from the start trying to balance the expectation of fans used to WCC finals with the new financial realities, and I guess desperate times bring desperate measures. No excuse, of course.
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