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Quote: Highlander "Why can we not afford serious recruitment? Or at least define serious recruitment?
That £150k will pay wages & creditors who don't want to go on a repayment plan. Everyone else will probably be paid off over the next year. So, say £360k debt left - over 12 months is an extra £30k per month debt payment.
Selling those players gives us time & makes the debt manageable.
Now down to JK to build a team. Which he can do, just he wasn't expecting to have to 6months ago.
From what Sawyer was saying, our budget is less than last years but still more than Dewsbury, Batley etc. So if we've the 7th/8th best budget in the division, I'm kind of hoping we could finish 7th/8th.'"


That's precisely what is happening and with the main creditor about to be paid off this afternoon, the threat of a high five-figure winding up order against the club has been averted.

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Moderator


When we went bust and briefly ceased to exist I told my fellow mods that if our forum was closed I'd work quite hard to troll every other forum. But I had a lot of fire back then. More of a wet flannel these days.

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Quote: pjbull "Goodbye FA and thank you for all your heartfelt posts down the years.

It has been years since I have posted but I cannot not. I am left slightly bemused by the response to events of the last 4-6 weeks by Bulls' fans. We seem concerned by two things which are that the new owners don't have any money and whether we will be competitive next year. Rather than worrying about next year we should be focusing entirely on what the hell has happened over the last two years.
Let's not forget, practically none of the owners of Championship Clubs have money to speak of - but have they racked up all the debts we (allegedly) have?
Let's not forget, our gates are 3-4 times the size of most other clubs - but have they racked up all the debts we (allegedly) have?
Let's not forget, that we had two Cup ties this season which will have boosted club funds by £150k that other clubs didn't - but have they racked up the debts we (allegedly) have?
Let's not forget, players have contracts so the owners know exactly what playing costs they are committing to; we didn't get relegated from SL with a commitment to huge contracts. How the hell have we racked up the debts we (allegedly) have?
Let's not forget, Chalmers was put in position as a fit and proper person with the club having no debt and the promise of running a tight ship that pays its way.


Does anyone know where we can see the Bulls' accounts for the year 2017-18?

There is something seriously not right about all this and I would suggest that Bulls' fans don't worry themselves about next season but apply the brake right now and rather than be taken in by the sound-bites from Perez/Sawyer/Wood ('fell in love with the brand" - my ar*e) start asking some difficult questions, seek complete transparency and, if necessary, involve the Bradford MPs. Otherwise it looks very likely that the Nestegg scenario is the only logical outcome to all this.'"


Accounts for year ending 31st Jan 18 are available to see on the Companies House website (search Bradford Bulls 2017). Year ending Jan 19 accounts are due by the end of this month.

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Quote: Mr Dog "Accounts for year ending 31st Jan 18 are available to see on the Companies House website (search Bradford Bulls 2017). Year ending Jan 19 accounts are due by the end of this month.'"


Can anyone who understands accounts please explain how the Bulls in one season, according to the Balance Sheet as at 31 Jan 2018, seem to have racked up a deficit of £580k and yet the Board have not seen fit to file a Profit & Loss Account?

Just curious that's all.

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Accounting regulations for a company that size, only need to file a BS

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Well, I hope you get it sorted but I do think to leave Bradford is a mistake. I know Park Avenues ground is far from ideal with a running track and only 3,000 capacity but at least it's in Bradford. Surely with some temp seating, you could just about make it useable, at least until you know where you are. I'm guessing it's council-owned?

I don't know Bradford all that well so I may be way off.

Best of luck

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