The article seems to state an exact sum the HMRC winding up order relates to £82k. Not sure if this us then included in "couple of hundred" figure later on.

So if the fans could fill this gap would the investors then come in with the working capital to see the club through to next season? So avoid winding up, avoid admin and a points deduction that would definitely stop our playoff aspirations.

If the BoD could put this deal forward I for one would contribute as the objectives and use of the cash would be clear enough

Just how the hell were or are supporters supposed tO buy shares in Newco? There is no conceivable way ant supporter-owned vehicle is likely to get hold of the club or it's assets. Where was this "Newco"? You clearly have no conception of what would be involved, especially when you re seeking to raise money from the public, and most especially of all you clearly have no idea whatsoever of the timelines involved.

Had we not pledged, notice of administration would have been lodged within days. The Newco that came in for the assets would almost certainly have been a vehicle already in existence and likely owned by existing shareholders. Far far more quickly than any credible vehicle the supporters could have put together would have been ble to act.

At least by what we did we bought time.

Do you actually have any knowledge or experience in this field? Or are you just another sanctimonious patronising know-all revelling in a nice bit of schadenfreude?

That is April's PAYE, it would seem.

On 22 June (at the latest) May's PAYE will be due.

This at least is not historic debt; the club does not have enough income to pay the monthly costs, so it resorts to holding on to money deducted from employees on (presumably) 14 April, money never its own apart from the employers' NIC, to pay the bills. And presumably the same again next month, ,except HMRC has seemingly had enough.

Would you be prepared to pay the tax and NI deducted from employees EVERY month?

As trivial as this may seem in the greater scheme of things IMO not paying the PAYE to HMRC is unforgivable - that is not the club's money and never has been. If my employer didn't pass my tax on I'd be more than a little angry.

What a sorry, sorry mess. Two months ago I had a little hope with our current situation. Now I have none.

A decision has been made NOT to pay HMRC the £82k and, in preference to pay this month's salaries as stated by Mr Couby, publicly, on several occasions. HMRC could have been paid and no winding up order issued if so desired. (money for salries could have paid HMRC)
The ONLY and I state again for ADEY the only VAT liability is £250,000 agreed to be paid over 5 months.
The other liability is Image Rights which was potentially £500,000 but is NOW £250,000 to be paid over 3 years. With potential income of £12,000,000 over the period that equtes to 2.01% of turnover.

To start afresh as Bradford Phoenix Ltd is the only possible way forward. New money into newco. Simples.

Adey every time we buy a ticket we are paying the players gross salaries, and a signifcant part of the current crisis is due to not paying enough enough for season tickets to cover current cists which are mainly wages. So yes as I stated in my post I would be happy to contribute further to pay salaries, keep the team out of admin and who knows help to attract those ellusive investors in!

Both Hood with his letters to 1000 wealthy people and Pledge for survival, and now Coulby use the term 'invest' when what they appear to mean is 'give'. I never believed Hood and for the precise same reason have to ask the same of Coulby. What are these 'investors' getting in return? My understanding of an investment is the purchase of a stake or share.

Who was the person Caisley was referring to when he stated that Hood told him someone was prepared to buy the club out of administration?

There are always people willing to buy a Club out of administration, Caisley must have or had talks with one or two, if the Club does go into administration what happens to the Bradford Bulls franchise? who actually owns it? I always remember being told Chicago Bulls owned the Logo, and so possibly the franchise name? I notice the benefactor that was mentioned has disappeared and talks of needing investors have reappeared.

strangely enough whoever was posting as frank whitcombe (who started all the talk of a benefactor) also seems to have disappeared.

The first paragraph looks to be written by someone still at the club? In an earlier post I said there were a couple of other possibilities for who you might be. Those were Stuart - who I originally thought you were - or possibly Ryan.

But anyway, it's not for me - I want you to be the one telling the truth since I have been telling the same story, and would look very foolish indeed should it transpire that you are not! Its for the others supporters who feel they are just being spun by both sides and do not know what to believe.

The second para is pretty well word for word what PH said in his rebuttal statement.

Thank you for your unequivocal statement there. Guess its for the fans to form a view who is lying!

I presume we are not playing semantics with any disputes with HMRC the liability in respect of which (if any) has not yet been agreed?

Had to smile at "2.01% of turnover". When you're teetering on the brink like the Bulls, £250k is a big deal however its dressed up (or down).

I feel like one day in September im going to wake up play off less like i have had all my toys confiscated on boxing day.

www.superleaguefans.com/rugby-le ... truth.html interesting article to read.. briefly mentions our situation...

www.superleaguefans.com/rugby-le ... truth.html interesting article to read.. briefly mentions our situation...