| FORUMS > Bradford Bulls > Renamed: The new offer - T&A says it's Bfd City FC! |
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| Quote: childofthenorthern "Why a massive reduction? IIRC turnover from the last published accounts was about 3.9M add to which the reported losses of 1.2M means to break even we'd need about 5m based on current costs where we are spending up to the salary cap. Since costs aren't likely to rise significantly, and may even fall if we're not paying overdraft fee's, the gap may not be insurmountable. If we kept the majority of season ticket holders adding an average £50 to the price generates 500k (10000 * £50) and while there would likely be some fall off for an increased price there will be a price point that, while not covering the losses, can make it viable to cater for them in other areas.
Of course beer prices would have to go back up and since the fans asked for the reduction at one of the forums it's really our own fault. ![]()
I think the "massive reduction" was based on newco and championship rugby, though if the debts are paid off then, as I understand it, there is no need for newco or demotion - in fact we ought to get a couple of our stolen points back!
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| Quote: Bulliac "I think the "massive reduction" was based on newco and championship rugby, though if the debts are paid off then, as I understand it, there is no need for newco or demotion - in fact we ought to get a couple of our stolen points back!'"
ahh that makes more sense. Maybe PH was right and it's viable going forward and the debts are the problem. |
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| Quote: childofthenorthern "Why a massive reduction? IIRC turnover from the last published accounts was about 3.9M add to which the reported losses of 1.2M means to break even we'd need about 5m based on current costs where we are spending up to the salary cap. Since costs aren't likely to rise significantly, and may even fall if we're not paying overdraft fee's, the gap may not be insurmountable. If we kept the majority of season ticket holders adding an average £50 to the price generates 500k (10000 * £50) and while there would likely be some fall off for an increased price there will be a price point that, while not covering the losses, can make it viable to cater for them in other areas.
Of course beer prices would have to go back up and since the fans asked for the reduction at one of the forums it's really our own fault. ![]()
Thanks bulliac, beat me to it. My assumptions for newco and championship are of course that a sugar daddy would have come out of the woodwork a long time ago, is any sane businessperson going to commit that money for a disintegrating team playing in an expensive dump that needs a lot of money spending on it or possibly pay BMC £1M as a penalty for playing at a modern stadium?
but then there was one thought I had down the allotment, IIRC there was a post a while ago that one of the local potential sugar daddies and a fan of both bulls and banters wouldnt put money into either as it would mean putting money in the other. if its one business, that problem is removed - or their bluff is called and they are just tight fisted.
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So expressions of interest by 5pm tomorrow. They get the figures to look through with the aim of putting in a firm bid. This is scrutinized by BG and the RFL. By the time this is all done it will be the endof the season coincidentally. BG thought he was going to be off the payroll this week, but hey presto loads of expressions of interest and he does not need to sell to SLE this week.
Nice one BG and which ever friend/s are behind these 'expressions of interest'
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| Quote: DemonUK "So expressions of interest by 5pm tomorrow. They get the figures to look through with the aim of putting in a firm bid. This is scrutinized by BG and the RFL. By the time this is all done it will be the endof the season coincidentally. BG thought he was going to be off the payroll this week, but hey presto loads of expressions of interest and he does not need to sell to SLE this week.
'"
It does look as if we are not going to get resolution much before the end of the season.
The biggest issue then is going to be that the eventual buyer is going to inherit no coaching staff, and only the remnant of the playing staff after everyone has picked off the players they want. We'll then be in an even worse situation that Widnes were last season when they had to put together a SL squad after being given the license, and had to sign whoever was available.
If this is how it pans out, expect us to be battling to avoid the wooden spoon in 2013 - even assuming we somehow manage to retain our SL license |
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| Quote: RhinoLaney "Ah.
Makes sense now.
![]()
RhinoLaney, do I take it from your posts that you are a City fan AND a Rhinos fan? How did that come about?
So how would a combined BCFC/Bulls ST deal affect you? Could it attract you over from the dark side? 
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| Quote: paulwalker71 "It does look as if we are not going to get resolution much before the end of the season.
The biggest issue then is going to be that the eventual buyer is going to inherit no coaching staff, and only the remnant of the playing staff after everyone has picked off the players they want. We'll then be in an even worse situation that Widnes were last season when they had to put together a SL squad after being given the license, and had to sign whoever was available.
If this is how it pans out, expect us to be battling to avoid the wooden spoon in 2013 - even assuming we somehow manage to retain our SL license'"
Don't you see the flaw in your plan?
Who isn't going to want to play in the WCC next season?
We'll have no problem retaining and signing players having won SL from eighth. |
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Don't know if I heard the 6 o-clock news on 1530 right, but BCFC say they have not put a bid in?
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Quit a few people have mentioned caisley maybe linked in some way to this, maybe coming back onto the board, but didnt caulby (scuse spelling) ripped into hood for talking to Rhodes just before caIsley stuck is ore in???
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| Quote: Cassandra "Don't know if I heard the 6 o-clock news on 1530 right, but BCFC say they have not put a bid in?'"
As I understand it BCFC have been having talks with RFL and Guilfoyle but havent submitted a formal bid yet. |
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Can someone recap: In all the thread was the issue regarding the length of VP ever solved? And don't City lease VP? So would the owner be willing to let two teams use the facilities for the price of one?
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| Quote: debaser "RhinoLaney, do I take it from your posts that you are a City fan AND a Rhinos fan? How did that come about?
So how would a combined BCFC/Bulls ST deal affect you? Could it attract you over from the dark side? ![]()
RhinoLaney was a Bulls fan until he switched allegiance to the Rhinos when he was about 12. I remember the school leaving assembly when it showed photos of kids in their younger days and there he was, completely decked out in Bulls gear! 
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Interesting post CB.
Anyway David Baldwin has confirmed that Bradford City haven't made an official bid.
They simply said they would help Bradford Bulls out anyway they could advice etc seen as though we've been in the same situation.
They've spoke to the RFL also but no bid.
There was a bid placed last night after City told the T&A about the advice etc...
The T&A then put two and two together and got 6?!
Silly really.
Other than that nothing got mentioned.
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| Quote: RhinoLaney "Interesting post CB.
Anyway David Baldwin has confirmed that Bradford City haven't made an official bid.
They simply said they would help Bradford Bulls out anyway they could advice etc seen as though we've been in the same situation.
They've spoke to the RFL also but no bid.
There was a bid placed last night after City told the T&A about the advice etc...
The T&A then put two and two together and got 6?!
Silly really.
Other than that nothing got mentioned.'"
So the new unconditional bid is someone other than BCFC and they aren't likely to place a bid? |
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LIke I said in the T & A comments Amateur Hour It was just a ploy by City to get more Fans to the meeting, City are still struggling to keep afloat after the Richmond Years whereas the Bulls didn't quite make it after Caisleys Tenure. City do not have the finances to support both Clubs unless its asset strips one to pay for the other in that case I would be a very worried City Fan but it ain't gonna happen!
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