FORUMS > Bradford Bulls > Clubs to vote against a Bradford Newco |
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| dont know if this has been mentioned or which thread to put it so mods feel free to move it.
according to todays Daily Mirror it says that 5 SL clubs will vote against a Newco Bradford staying in SL. It needs 7 to vote against them to give them quorate although the RFL can veto any decision by the clubs.
Dont know where that leaves Bradford or SL for this season.
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| I thought SL clubs weren't going to vote?
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| Quote: RhinoLaney "I thought SL clubs weren't going to vote?'"
They arent this week. But if a newco buys the bulls they will.. although it is down to the RFL ultimately.
Curious which 5 are against it.
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| Indeed.
Just as a thought: if the club exited administration via a CVA, there would not BE any Newco...
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| Quote: Adeybull "Indeed.
Just as a thought
Please please please be the CVA route.
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| Quote: Adeybull "Indeed.
Just as a thought
Hmmm so if we are bought we will still be Bradford Bulls Holdings Ltd and there wouldnt be a vote? I saw this in the sun too.. Do they get to vote due to the fact we've entered admin?
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| Quote: AdeleMC "Do they get to vote due to the fact we've entered admin?'"
It suggests rlhererl that the clubs do get a vote, but that the vote wouldn't be binding
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| Guess if there was serious consideration being given to reducing the size of SL - then voting to kick out the Bulls now would take some of the pressure off the smaller, less well supported clubs who would have been more at risk if the Bulls had not got themselves into the mess.
Pulls pin and retires to safe distance: like ........................... Please complete with your own choice
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| Quote: AdeleMC "Hmmm so if we are bought we will still be Bradford Bulls Holdings Ltd and there wouldnt be a vote? I saw this in the sun too.. Do they get to vote due to the fact we've entered admin?'"
No idea on the last point, but yes it COULD be the same entity. In practice, if it was me doing it I would try and ringfence the old company by keeping it active as the vehicle for the CVA, but transferring the business undertaking to a new company with a very strong security in favour of the old company to protect the creditors' interests. But that then WOULD be a Newco, in all likelihood.
You could indeed leave the existing company in place, but that would mean finding some way of removing the shareholders who were not in your camp, or inducing them to go. Whether the public damnation for stymying a viable way forward for the club would be enough to help faciltate that, in view of some of the clear hatreds between them, I really would not want to risk a guess!
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| Quote: Northernrelic "Guess if there was serious consideration being given to reducing the size of SL - then voting to kick out the Bulls now would take some of the pressure off the smaller, less well supported clubs who would have been more at risk if the Bulls had not got themselves into the mess.
Pulls pin and retires to safe distance
Any small time club insecure about their own future in SL. I would like to think that any club who has done this in the past would not vote against us (even though the rules have now been changed) as a point of honour. But i doubt it.
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| Quote: hi de hi "Any small time club insecure about their own future in SL. I would like to think that any club who has done this in the past would not vote against us (even though the rules have now been changed) as a point of honour. But i doubt it.'"
Caisley voted against London being re-admitted, IIRC. It would be prudent to assume that Mr Hughes might feel entitled to return the favour?
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| Quote: Adeybull "Indeed.
Just as a thought
Then it would be the same club that in 8/9 months has had huge advances/loans, sold its ground, got its fans to raise 500K, had players selling rings/medals, had directors and shareholders squabbling in the media, gone into administration, sacked loyal coaches and staff, snubbed players etc etc.
It is possible that SL clubs think removing such a club from SL is an appropriate action.
There will also be clubs targeting bulls players and keen not to pay transfer fees and maybe clubs wanting a share of the Sky money.
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| Well Wigan and Warrington chairmen have already said they will vote to keep us in. I bet my left ballsack that Salford, Castleford, London, Wakefield and Hull KR are the 5.
Castleford and Salford have financial problems.
Wakey are taking the p*ss with their stadium.
Hull KR are financially not in the best of places.
We voted London out ages ago (they have gone down bad since then too).
If we go out all them 5 teams will be more secure, they will be thinking about themselves rather than what we could potentially do. If the Bulls become a strong force again we would take 2,000-2,500 to there grounds, basically giving them money.
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| Quote: Bulls Boy 2011 "Well Wigan and Warrington chairmen have already said they will vote to keep us in. I bet my left ballsack that Salford, Castleford, London, Wakefield and Hull KR are the 5.
Castleford and Salford have financial problems.
Wakey are taking the p*ss with their stadium.
Hull KR are financially not in the best of places.
We voted London out ages ago (they have gone down bad since then too).
If we go out all them 5 teams will be more secure,[size they will be thinking about themselves [/sizerather than what we could potentially do. If the Bulls become a strong force again we would take 2,000-2,500 to there grounds, basically giving them money.'"
Wouldnt you do the same? i would.
If all these clubs you stated are in dire straights with their own finances then i suggest this would provide an opportunity to secure a larger slice of the 'Sky Pie'. And give them all a stronger place in the elite division.
I dont think alot of SL 'fans' actually appreciate how much the Sky money does when running a SL club.
Bradford fans may well find out sooner rather than later.
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| I dont think you are correct with the 5 Bulls Boy.
Those clubs in trouble would be daft to vote against wouldnt they knowing they would face the same situation very soon?
Really shouldn`t be up to the clubs - should come down to integrity etc & I still feel Fev, Fax & Barrow (who applied for a Franchise) - do have a Legal case to pursue. if they wanted.
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