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Quote: Adeybull "Guilfoyle said the £800k was in the form of soft loans, NOT investment. Was that what people thought Mr Caisley was bringing?

Bear in mind though that we do not know how near or otherwise the Greenwoods deal was to being agreed before the Intervention, nor do we know if the due dilligence identified impediments or concerns, and nor do we know how likely investment would be now.

Something that has been really bugging me since the meeting


Soft loans and 'investment' are not the same thing so someone's lied/lying there. My guess is that they're waiting for Guilfoyle to sack as many as possible and that the 'soft loan' story is cover but I don't know.

We don't know the Greenwoods guy name or anything about him. The 'I've been trying to get hold of you for ages' sounded weird as everybody knows where BG is. Anyway, he has to talk to him now as this is in the public domain. Guilfoyle saying he'd heard nothing about it was equally weird as it appears he's the only one who hasn't. All odd as ****

Surprised nobody has looked at the numbers. The redundancies are to save 600k+ a year with the T and A saying the stadium maintenance guy earned 15k?? Add in the majority working in the shop and ticket office on between something similar and 30k and you're left with certain people earning seriously big figures.

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Quote: M@islebugs "Soft loans and 'investment' are not the same thing so someone's lied/lying there. My guess is that they're waiting for Guilfoyle to sack as many as possible and that the 'soft loan' story is cover but I don't know.

We don't know the Greenwoods guy name or anything about him. The 'I've been trying to get hold of you for ages' sounded weird as everybody knows where BG is. Anyway, he has to talk to him now as this is in the public domain. Guilfoyle saying he'd heard nothing about it was equally weird as it appears he's the only one who hasn't. All odd as ****

Surprised nobody has looked at the numbers. The redundancies are to save 600k+ a year with the T and A saying the stadium maintenance guy earned 15k?? Add in the majority working in the shop and ticket office on between something similar and 30k and you're left with certain people earning seriously big figures.'"


Difficult to say how much people are paid, but when you add in all the "extra" costs that might be associated such as employers NI, pension contributions, perks such as a "company" car, mobile phone, medical insurance, bonus(?) it can add up pretty quickly. Obviously not all these people will have had these perks, but the "top" earners probably did.

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Quote: Bradford Badger "Difficult to say how much people are paid, but when you add in all the "extra" costs that might be associated such as employers NI, pension contributions, perks such as a "company" car, mobile phone, medical insurance, bonus(?) it can add up pretty quickly. Obviously not all these people will have had these perks, but the "top" earners probably did.'"



It is difficult and we're not (quite) quite communists but blind hand wringing without knowing what people were being paid seems misplaced. With best will in the world if a really excellent CEO, gardener, ticket office manager is paid 20%-30% above industry standard they are unfortunately part of the problem. This looks very tough on the low paid people but anyone who's been near similar situations will have seen lists with names and figures and the ones at the top being led to their offices by security staff before being hailed a taxi. It's how poor businesses are turned around.

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Quote: Sporties "I really feel for the Bradford fans as it appears you are powerless to do much other than let this situation play out.

One thing I will say is IF YOU ARE A SEASON TICKET HOLDER don't pay again for the next game to keep the club afloat.

That ship sailed when the 500K was raised in good faith and spent by the club.

The admin has suggested the RFL will pay player wages [iso any further funds just go into the pot for administrators fees and the creditors.[/iIts just throwing good money after bad.'"




THIS.

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Okay, so i have had a day to think about the comments made by BG at last nights meeting and although a couple of things stood out (i don't have voicemail, iv'e not been in touch with a coach, but i've found a coach etc.) there was one comment made by BG that has made my mind up that he's a "****" (insert as you wish)

I haven't found his exact quotes but he states that interested parties had been in touch regarding looking into the clubs finances. His response was then that he couldn't provide any information as it was out of date, as a result of the redundancies...... WTF!! (Also this was after he said that he had just saved the bulls "X" per year from the redundancies (but he doesn't have the figures?))

Out of everything heard last night - this has irritated me all day. Is he even interested in finding a potential buyer?

Sorry for the rant, but his comments here were p1$$ poor and it shows me the type of guy we are dealing with!

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Yeah, one would've thought his priority would be not to attend the meeting last night cos he was removing the salary costs from the figures ready to
present them first thing today.

If there are folk out there wanting financial info with a view to purchasing the club he shouldn't have time to fart till he's provided it.

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Quote: HLL1969 "Yeah, one would've thought his priority would be not to attend the meeting last night cos he was removing the salary costs from the figures ready to
present them first thing today.

If there are folk out there wanting financial info with a view to purchasing the club he shouldn't have time to fart till he's provided it.'"


Exactly!!

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Apparently multiple bids will be revealed tomorrow ........

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let's hope they are high enough to keep the VAT man happy

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As a Leigh fan in a potentially similar situation 6-months ago, with our White Knight gone, it all seemed like the end of the road.

6-months later we're playing better rugby than ever (except last week), in the semi's of the NR Cup this week and looking at clearing all debt's by the end of the year.

This has been done through true supporters having their input, setting up fund raising clubs to pay players contracts, non playing paid staff trimmed to an absolute minimum, players payments set at affordable figures (less than a significant number of other championship clubs), PLUS season ticket prices not subsidised (£170 per year instead of the previous £110). We now have a club that is standing on its own feet with no one person carrying the purse strings.

I know you will feel like we did, extremely angry about what is going on, but this could be the new start Bradford deserves. If it is in Championship 1, the so bit it. But with your support base, you'll fly through the divisions. The only issue then would be to get back into SL which is what we've been trying to do for 15 years which is why we and all other clubs below SL always push for Promotion and Relegation, otherwise the interest and support base slowly and surely dies away. We've gone from 4K to 1.8K average in only a few years due to there being little incentive.

I hope you will be OK and will probably retain your SL place, but perhaps it's time that not one person (White Knight) controls your club so this knid of situation won't occur again.

Good Luck for the future

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