Quote: Ferocious Aardvark "BB2014 provided a business plan to the RFL (which they say bizarrely it did not read) which business plan precisely equals your "cutting cloth" requirement. BB2014 did not go bust. The business plan (which is for 5 years) does not end up in a deficit, so on what grounds do you claim the cuts made "were clearly not enough"?
BB2014 did not run up the debts of the previous administration, yet had said that they would try to sort out those creditors, to whatever extent that would have been a substantial additional cash outflow. BB2014 were not fined the equivalent of a full year's distribution, yet they were being told they would have to pay it. BB2014 did not receive a penny of the thousands of season ticket sales in 2014, but had to meet the expenses of the whole SL 2014 season. It is reasonable in those circumstances to ask for time to pay off the previous administration's fine, and it is reasonable to ask for an advance of your own money (half of which is of course continuing to be paid to each and every other SL club).
You seem to be convinced BB2014's numbers did not stack up, yet the RFL did not reject them.'"
Not sure what you mean by "the RFL didn't read the business plan" - they clearly stated it was not fit for purpose.
If the cuts were enough, why is begging bowl out for 500k to operate NOW.
The debts may have been run up by the previous BoD(s), but they are the debts of Bradford Bulls.
The business plan of BB2014 made no provision to pay creditors - not even HMRC.
The ST thing is very unfortunate, as is the loss of TV funding - but these things were known about before putting together the business plan and before submitting the bid to buy the club.
Why is it reasonable to use tomorrow's money to pay today's bills??? That's no way to run a household, never mind a large business.
Question - If Bulls can't make income match outgoings, what should/will happen to the club?