FORUMS > Bradford Bulls > Renamed: Super League Europe Ltd buys the Bulls |
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| I think some are missing the point. Next wk every bulls player will go in search of a new clubs leaving no players...or dead wood that no one wants. Many would say that the dismantling of a club isn't an unfair advantage given by the rfl
Devastating
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| Quote: Highlander "Interesting. Not been thought through yet.
It would need policing as the situation would arise that Hull could bid for one of our players and HKR would have a vote on whether Bradford should accept it or not...'"
Thats the route i was thinking, say cas and wakey want one of our players would the other teams then have to vote on where said players goes, or would it just be players choice?
The feeder system will be very like the NRL then if that does happen as alot of the top teams have feeder clubs in the lower leagues. Also similar to Real Madrid and Barcelona who have feeder clubs which run as their reserves playing in the second tier of spanish football
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| Quote: peanut "Do you fans not think about other clubs? '"
You might have an axe to grind with the RFL, Superleague, the other clubs, but I fail to see what possible reason you have to have a go at we the fans.
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| Quote: KR RRTR KR "taken from the hetherington statement as posted on previous page..
"The Super League clubs do recognise the risk, they are responsible for any liabilities going forward. But the future and the prosperity of the Bradford Bulls is much more important than any short-term financial loss that the clubs may suffer"
that means they take on the debts...'"
If you look up " debts" in any convenient dictionary, you will learn that this is a word which is traditionally used to refer to money which is owed historically. I.e in what we know as "the past".
Now, look up " future". This is all about things which haven't happened yet. If I buy a business, then indeed I will be responsible for any liabilities it incurs " going forward". I.e in what we know as " the future".
Once you manage (if you do) to grasp the difference between " past" and " future", you then need to progress to more complex expressions, starting with 2-word terms. Work on that, and you'll be well on the way to understanding that " past debts" (which means debts that were run up in the past) is completely different from future liabilities (which means liabilities that will be incurred in the future)
HTH
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| It's a bwoody disgwace!
Bwadford should have been liquidated. Wigan would then open up a five point gap, Leeds would move down a place in the table and Huddersfield would drop down to 8th. All cwubs they are due to pway away would wose out on wevenue because they wouldn't have a game to put on.
SL would wose the cwedibility it deserves to lose and would weduce the value of any new title sponsorship deal the RFL and SLE are going for.
Wook at the SPL and Wangers. The cwub chairman and economists going on about cwubs getting into financial difficulty and reduction of sponsorship monies because they aren't there. That's what we should have!!!
That's the wight thing to do for the good of the game. This stinks!!!!
Seriously though this is all dependant on Guilfoyle playing ball and is just the start of a long and painful road for us fans. It'll mean there's a club to support for the next five matches though and that's the main thing. I just hope the poor sods that have been working gratis for two months get sorted.
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| I don't see this as being a certainty that the Bulls will be in SL next year. SLE need to complete this years fixture list and this does that.
If someone buys the Bulls then fair enough, if the Bulls get to the end of the year with no buyer, then SLE could make sure Bradford drop into the lower leagues and run it at cost, or maybe even a profit.
The cost of the investment by SLE to buy the Bulls could be recouped by the member teams, through the increase in TV revenue each year from having the Bulls drop out of SL.
I don't know the figures, but say SLE need to pay £1million for the Bulls and the amount from sky per club is £1million. Then SLE cover the cost of purchase with the Sky money.
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| Quote: bewareshadows "I don't see this as being a certainty that the Bulls will be in SL next year. SLE need to complete this years fixture list and this does that.
If someone buys the Bulls then fair enough, if the Bulls get to the end of the year with no buyer, then SLE could make sure Bradford drop into the lower leagues and run it at cost, or maybe even a profit.
The cost of the investment by SLE to buy the Bulls could be recouped by the member teams, through the increase in TV revenue each year from having the Bulls drop out of SL.
I don't know the figures, but say SLE need to pay £1million for the Bulls and the amount from sky per club is £1million. Then SLE cover the cost of purchase with the Sky money.'"
It's slightly more than that actually, I think. It was originally reported as a £90+million 5-year deal, which is £18 million p/a split 14 ways, or £1.3m per club.
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| Not sure about this, it means we will see the end of the season then if still no buyers we will be gone. RFL could be playing a blinder here!!!
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| Quote: bewareshadows "I don't know the figures, but say SLE need to pay £1million for the Bulls and the amount from sky per club is £1million. Then SLE cover the cost of purchase with the Sky money.'"
I'm not sure why anyone thinks SLE will be paying anything to "buy" the Bulls, the costs they will incur are simply in running the club, as a newco, until the end of November.
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| Part of me is now hoping that we do see Bradford in SL next year now (up until now its been a case of, if they cant manage their own affairs they deserve to go). Can you image the fun that other supporters have when Bradford come to town. "We own you........OFFICIAL!"......
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| presumably SLE will have to pay sufficient to satisfy the creditors and pay guilfoyles bill. This figure plus costs incurred between now and end of season will be price someone has to pay to buy the club from SLE.
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| Quote: mikej "Part of me is now hoping that we do see Bradford in SL next year now (up until now its been a case of, if they cant manage their own affairs they deserve to go). Can you image the fun that other supporters have when Bradford come to town. "We own you........OFFICIAL!"......
"We used to own you......OFFICIAL!" will probably be more accurate.Think only way we'll be in SL next year is if someone buys us from SLE. Otherwise we'll be run as a championship side at best.
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| Quote: mat "presumably SLE will have to pay sufficient to satisfy the creditors and pay guilfoyles bill. This figure plus costs incurred between now and end of season will be price someone has to pay to buy the club from SLE.'"
The newco they will setup to run the club won't have any creditors, the RFL can transfer the clubs share to the newco without requiring any payments to anybody.
In terms of the administrators bill I'm pretty sure that is funded by whatever income has been generated over the last few weeks to keep the club going (gate receipts, money from the stock sale, donated ticket monies from Leeds) - the main reason administrators set deadlines is because they (claim they) don't have a way to fund the admin period going forward after the set deadline has passed. I'm happy to be corrected if I'm wrong on this.
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| Have they said how they are going to "run" the club? Are they going to re-employ the staff? If we run out of pitch paint who gets the blame?
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| Well, here's the key questions to me. (They may be rubbish questions to y'all, but hey ho
7.03564453125:5
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