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International Star | 1704 | Hunslet Hawks |
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| potential buyers are most likely waiting to see the full extent of the liabilities........if they buy now do they still owe the taxman and other creditors..??
Do they bid on condition of a CVA being agreed (not likely if it is down to HMCR)
Or do they wait for liquidation and buy with no debts.....who knows.....
whatever scenario you can bet that BG gets paid in full before any other creditors....
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Moderator | 32344 | Bradford Bulls |
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Dec 2001 | 24 years | |
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| If we go into liquidation there is nothing to buy as there is no club.
It would mean starting a new club from scratch. We'd need to sort out a whole new squad, staff, arrangements for training, ground to play matches at, contracts with suppliers etc etc.
Not something that could be done in the space of a few weeks.
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International Star | 1934 | No Team Selected |
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May 2011 | 14 years | |
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| Liquidation is a total disaster.
The cynic in me says they're waiting until Guilfoyle has rid the club of as much salary/employee liability as he possibly can. Duffy, Duckett and Medley have all done long stints on salaries we can only guess at with the figure of 600k a year reportedly being saved by the redundancies. If you didn't want to go forward with these guys the cost of getting shut would be enormous. It's probably as significant as the HMRC liabilities.
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International Star | 1704 | Hunslet Hawks |
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Aug 2011 | 14 years | |
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| Quote M@islebugs="M@islebugs"Liquidation is a total disaster.
The cynic in me says they're waiting until Guilfoyle has rid the club of as much salary/employee liability as he possibly can. Duffy, Duckett and Medley have all done long stints on salaries we can only guess at with the figure of 600k a year reportedly being saved by the redundancies. If you didn't want to go forward with these guys the cost of getting shut would be enormous. It's probably as significant as the HMRC liabilities.'"
what are the actual options........
enough money to clear all creditors plus a bit of working cash flow....how much is that
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International Chairman | 14145 | No Team Selected |
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Dec 2001 | 24 years | |
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| Quote M@islebugs="M@islebugs"Liquidation is a total disaster.
The cynic in me says they're waiting until Guilfoyle has rid the club of as much salary/employee liability as he possibly can. Duffy, Duckett and Medley have all done long stints on salaries we can only guess at with the figure of 600k a year reportedly being saved by the redundancies. If you didn't want to go forward with these guys the cost of getting shut would be enormous. It's probably as significant as the HMRC liabilities.'"
You can actually have a good stab at Duckett's salary from the 2010 accounts.
I understand that if you did, your calculation would not be much adrift.
And you might be very surprised at what you come up with. I was.
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Club Owner | 850 | No Team Selected |
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Jan 2005 | 21 years | |
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| Quote Adeybull="Adeybull"You can actually have a good stab at Duckett's salary from the 2010 accounts.
I understand that if you did, your calculation would not be much adrift.
And you might be very surprised at what you come up with. I was.'"
go on....
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International Chairman | 7594 | Bradford Bulls |
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Dec 2001 | 24 years | |
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| Quote isaac1="isaac1"go on....'"
Eddie Stobart tokens.
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International Chairman | 28357 | Bradford Bulls |
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Feb 2002 | 24 years | |
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May 2024 | Oct 2019 | LINK |
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| Quote vbfg="vbfg"Eddie Stobart tokens.'"
You mean, you have to scour the country for them, and when you find one, it has something completely different printed on it?
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Club Coach | 4027 | Bradford Bulls |
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Mar 2005 | 20 years | |
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| Ikram Butt tweeted he'd been talking to someone from a potential buyer making a bid for the Club, but no other info
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Player Coach | 7587 | Hull FC |
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May 2009 | 16 years | |
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| hope you guys get it sorted, we need the bulls in sl
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Player Coach | 109 | Leeds Rhinos |
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Feb 2011 | 15 years | |
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| I hope you manage to find a way to survive.
Where does BG get his figures from: The salary cap is £1.65M (£137,500 per month) and he rekons the reduced wage bill, now he has made your coaching staff redundant, is £200 000 a month this is £2.4M. There are some serious questions to be answered.
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Club Coach | 9554 | Bradford Bulls |
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| Quote brantonrhino="brantonrhino"I hope you manage to find a way to survive.
Where does BG get his figures from: The salary cap is £1.65M (£137,500 per month) and he rekons the reduced wage bill, now he has made your coaching staff redundant, is £200 000 a month this is £2.4M. There are some serious questions to be answered.'"
Why? Do you think the bar staff,stewards( of which there are more at odsal due to size than most other clubs)admin, groundstaff and shop staff all work for free? 60k a month to cover that lot doesn't seem too ridiculous
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