FORUMS > Bradford Bulls > Latest state of play posts only |
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Player Coach | 1894 | No Team Selected |
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| Quote: MicktheGled "What really is striking, is that since the intervention (30/3/12) supporters and members of the media, still hold the view/conspiracy that Chris Caisley is hiding in the darkness, pulling the strings.'"
Have you any indications that this might be true, or otherwise not true?
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Player Coach | 508 | |
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Sep 2006 | 18 years | |
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| 4 and a half months and not a squeak from the man that brought it all to a head. SOOOOO frustrating - and annoying. Does he care?
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International Star | 837 | |
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Nov 2010 | 14 years | |
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| What's the latest then chaps?
Anything new other than BG is hiding behind his morning paper?!
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International Chairman | 17146 | No Team Selected |
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Dec 2001 | 23 years | |
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| Quote: MicktheGled "What really is striking, is that since the intervention (30/3/12) supporters and members of the media, still hold the view/conspiracy that Chris Caisley is hiding in the darkness, pulling the strings.'"
If he is good at hiding how would you know he isn't?
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International Chairman | 6038 | No Team Selected |
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Apr 2002 | 23 years | |
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| Quote: mat "Avenue bid seems most logical out of those assuming they have money to back it up. makes sense to have two teams using stadium and BPA's support base tends to be south side of city Iirc, so seems a better fit than City . But its a big assumption that they have the money unless there's someone else backing them.
SLE would either drop us to championship or sell us straight on which begs question why anyone they would sell us to doesnt come forward now and cut them out of deal?.'"
None of the bidders other than SLE appear to have the financial firepower to clear the debts. And I still cannot work out what SLE's exit route is from this. It doesnt make much sense for them to pay off the debts and drop us into the Championship, they surely cannot pay off the debts and sell the club on at a loss to a buyer that retains SL status, they surely cannot buy us without paying HMRC. I just cannot see a logical conclusion to this.
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Player Coach | 151 | No Team Selected |
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Feb 2010 | 15 years | |
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Oct 2018 | Jun 2013 | LINK |
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| Quote: Cibaman "None of the bidders other than SLE appear to have the financial firepower to clear the debts. And I still cannot work out what SLE's exit route is from this. It doesnt make much sense for them to pay off the debts and drop us into the Championship, they surely cannot pay off the debts and sell the club on at a loss to a buyer that retains SL status, they surely cannot buy us without paying HMRC. I just cannot see a logical conclusion to this.'"
Are they paying off debts or just paying ongoing costs to keep the league the same until the end of the season?
It's all gone a bit vague - but then again the whole thing has been vague from the start!
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International Star | 1780 | No Team Selected |
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Aug 2011 | 13 years | |
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| The Epic saga goes on,for all the club got themselves in this mess and it appears the rfl are bending over backwards to help them it cant be good for the genuine fans not knowing what the outcome will be.
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International Star | 300 | |
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Apr 2012 | 13 years | |
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| Quote: Cibaman "None of the bidders other than SLE appear to have the financial firepower to clear the debts. .'"
What makes you think this?
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Apr 2011 | 14 years | |
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| Quote: Cibaman "None of the bidders other than SLE appear to have the financial firepower to clear the debts. And I still cannot work out what SLE's exit route is from this. It doesnt make much sense for them to pay off the debts and drop us into the Championship, they surely cannot pay off the debts and sell the club on at a loss to a buyer that retains SL status, they surely cannot buy us without paying HMRC. I just cannot see a logical conclusion to this.'"
I dont think SLE will clear the historical debt. Why should they ?
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Player Coach | 1337 | No Team Selected |
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Jan 2006 | 19 years | |
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Sep 2020 | Sep 2020 | LINK |
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| The RFL has 4 bids on the table, i'm assuming included in these bids will be an offer to pay off some of the outstanding debts?
Why can't they choose one before the end of the season and we can move on! while in limbo the club cannot agree new contracts with any players or plan for anything, or maybe thats the plan?
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Moderator | 10969 | |
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Mar 2002 | 23 years | |
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| Quote: MicktheGled "What really is striking, is that since the intervention (30/3/12) supporters and members of the media, still hold the view/conspiracy that Chris Caisley is hiding in the darkness, pulling the strings.'"
Remembering that CC is a fairly astute bloke, you have to wonder just why he would set the wheels of administration into motion if he didn't have some kind of view on how it was all going to pan out. Let's be honest, if the club is wound up, the debts are likely to be higher than the assets and as the major shareholder he would be, in financial terms, the major loser. His best interests would seem to have been better served by letting the previous board soldier on and hoping for the best.
That, in a nutshell, is what I find most difficult to understand; without a 'plan': why?
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International Chairman | 28357 | |
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Feb 2002 | 23 years | |
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May 2024 | Oct 2019 | LINK |
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| Quote: JUDGE666 "The RFL has 4 bids on the table, i'm assuming included in these bids will be an offer to pay off some of the outstanding debts? '"
Nope, [ithe administrator[/i has 4 bids on the table, but his problem is that any buyer of an SL club has to be approved by the RFL, as to directors/owners etc.
Each offer won't "include" an offer to pay off any part of the debts, each offer will simply be a one-item offer - "I will buy the club from you for £X". That will translate into a certain % in the £ to each unsecured creditor, from whatever's left in the pot after the administrator's fees etc.
If £X is less than 100% of the debts then the creditors have to agree.
Quote: JUDGE666 "Why can't they choose one before the end of the season and we can move on! while in limbo the club cannot agree new contracts with any players or plan for anything, or maybe thats the plan?'"
This is the most ridiculous aspect. I wonder whether any of the bidders will still be around "in a few weeks time" when the ship may not have actually sunk but pretty much everyone will be in the lifeboats or the water.
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Club Coach | 4003 | |
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Mar 2005 | 20 years | |
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Nov 2024 | Nov 2024 | LINK |
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| This is the most ridiculous aspect. I wonder whether any of the bidders will still be around "in a few weeks time" when the ship may not have actually sunk but pretty much everyone will be in the lifeboats or the water.'" ]
Also where do you get 10,000+ Life Jackets for the Fans?? or is it a swim or sink situation??
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Player Coach | 1337 | No Team Selected |
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Jan 2006 | 19 years | |
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Sep 2020 | Sep 2020 | LINK |
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| Quote: Ferocious Aardvark "Nope, [ithe administrator[/i has 4 bids on the table, but his problem is that any buyer of an SL club has to be approved by the RFL, as to directors/owners etc.
Each offer won't "include" an offer to pay off any part of the debts, each offer will simply be a one-item offer - "I will buy the club from you for £X". That will translate into a certain % in the £ to each unsecured creditor, from whatever's left in the pot after the administrator's fees etc.
If £X is less than 100% of the debts then the creditors have to agree.
This is the most ridiculous aspect. I wonder whether any of the bidders will still be around "in a few weeks time" when the ship may not have actually sunk but pretty much everyone will be in the lifeboats or the water.'"
Fair enough, its just so frustrating that the powers that be still seem to be dragging their feet to resolve this whole mess. The longer this goes on the more suspicion grows....Has the fate of the Bulls already been decided whether a new owner is secured or not? time will tell but if this is the case its a disgrace.
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Club Coach | 523 | No Team Selected |
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Dec 2004 | 20 years | |
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Nov 2016 | Nov 2016 | LINK |
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| Quote: Ferocious Aardvark "Nope, [ithe administrator[/i has 4 bids on the table, but his problem is that any buyer of an SL club has to be approved by the RFL, as to directors/owners etc.
Each offer won't "include" an offer to pay off any part of the debts, each offer will simply be a one-item offer - "I will buy the club from you for £X". That will translate into a certain % in the £ to each unsecured creditor, from whatever's left in the pot after the administrator's fees etc.
If £X is less than 100% of the debts then the creditors have to agree.
'"
FA has it spot on.
For some reason, all the RFL and SL clubs can focus on at the moment is getting Bradford Bulls to complete this season's fixtures.
If no financial backer comes along with plenty of money, Bulls will be excluded from Super League next season. It will then be open to anybody to re-form Bradford and start again in Championship 1.
If that happens, I hope the RFL immediately puts the following in place:
1. For all clubs, somehow require at least 13 of the 17 players named for each match to be EU born or raised players
2. Automatic promotion and relegation between the leagues (even if only some form of one-up, one-down)
3. Limit payments to players in a year to no more than 50% of the club's annual income in the most recent audited accounts.
Leave that in place for 10 years and the game will be booming again plus there will be a clear, transparent and fair route back to Super League for Bradford within 2 seasons.
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