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FORUMS > Bradford Bulls > Posts on the pledge & current total
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Quote: vbfg "If that were true we could just get the council to sell Keighley to another local authority.'"


So how much do you need to raise?

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Ten times as much. £750k.

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Quote: Theboyem "Think you've missed a '0'.'"


So i have cheers icon_surprised.gifops:

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Quote: vbfg "Ten times as much. £750k.'"


And when does the full amount have to be in for?

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You know as much as we do.

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Quote: guess who "And when does the full amount have to be in for?'"


According to the latest statement, if the club get £500,000 by Friday they have a month to six weeks to find an investor.

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Notice their splitting the figure. The 248k is just money pledged. It doesn't include the money raised by other fundraising like car wash, sat open day etc. Might explain some of different figures that were being mentioned at total. Also mentions total of 500k to be reached by Friday is overall total including other fundraising, auction etc. Not just the total pledged by fans.

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Now here's the bit I don't understand. No matter how much is pledged by Friday we won't have the money by Friday, it will still have to be collected. So if we pledge the amount by Friday when is the money ACTUALLY required

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IMMEDIATELY! According to the pledge details.

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Quote: rugbyreddog "Now here's the bit I don't understand. No matter how much is pledged by Friday we won't have the money by Friday, it will still have to be collected. So if we pledge the amount by Friday when is the money ACTUALLY required'"

well pledge [age says immediately they announce pledge is successful. It also mentions the initial 500k is to enablt them to continue past mid april. So basically sounds like they expect to pay up by end of next week. Agree it could do with clarifying a bit.

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Doesn't look like many season ticket holders have pledged so far, think the T&A said a couple of thousand had. We need at least 5k to pledge, i know times are hard but i would expect nothing less given the price of the current season tickets.

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It's one hell of risk for people to pledge 500k to keep taxman happy then have 6 weeks to find a buyer. Unless you get lucky most buyers will be waiting for admin as they will need the initial outlay to be small so that once they have control of the club they can then invest. Then the money is put to Proper use and not paying old debts. Glover did this and paid the smaller suppliers to keep us in good relations with them. I know you don't want this but think from a business point of view this is probably the best way forward. Hood saying had no approaches for the club says to me because they are waiting to come out once you enter administration.


Bulls will be ok either way.

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I suspect they will email or contact by phone where email addresses have not been provided after the weekend.

I have pledged, and I expect a call. If they get the players on the phones they may just get more than the pledge amount out of some people. Hello Ryan? icon_biggrin.gif

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Quote: supercat "It's one hell of risk for people to pledge 500k to keep taxman happy then have 6 weeks to find a buyer. Unless you get lucky most buyers will be waiting for admin as they will need the initial outlay to be small so that once they have control of the club they can then invest. Then the money is put to Proper use and not paying old debts. Glover did this and paid the smaller suppliers to keep us in good relations with them. I know you don't want this but think from a business point of view this is probably the best way forward. Hood saying had no approaches for the club says to me because they are waiting to come out once you enter administration.


Bulls will be ok either way.'"


The part that worries me though is if we do go into administration we run a massive risk of losing our best players, especially the home grown ones. To lose such as Whitehead, Bateman, Koppy etc would be a bitter pill to swallow.

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If it was me I wouldn't even ask for glass of water, because compared to having no club it's nothing. There may be some harsh realities to come at some point and hope some a ready for them.

174 posts in 13 pages 
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174 posts in 13 pages 
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