If anyone wants to read this, the league express has an iDevice app which includes 1 free issue...

Sounds like it.

Sugar daddy or bust?

So he doesn't agree with the Wakefield fans that insist that admin is the best way?

As with them it's only worth it if there are potential buyers out there and ready to invest immediately. Otherwise we have to sell players to stay alive and that would make us gradually less and less of a good investment opportunity.

No he doesn't but the phrase 'focus the minds' suggests a change in ownership is the only way forward as he hasn't seen the injection of cash required to re-establish the club as a successful, profit making entity.

Guilfoyle says he doesn't have the funds to keep the ship afloat in admin whereas Hood thinks the club is pretty much in profit. You could hardly have 2 positions further apart.

Well taking step back and looking at the club's progress on and off the field in the past 6 years we can see where things are heading. I wonder how much we really tried to get investment once Caisley had gone in 2006? Admin and a newco would seem to be the best opportunity for a change now but only if there is someone waiting in the wings.

You square the circle if Hood's 250k profit was after the 1,250k assumed profit on sale of lease...

Sounds like Mr Guilfoyle might have shared my oft-spouted concerns about administration?

That's OK if we can sell a lease every year.

Nobody said administration wouldn't have profound and uncertain consequences. Only that it was inevitable considering the management and ownership. Nothing Mr Coulby's brought to the table has convinced me otherwise, as yet.

One of the recent "strong rumours" touted on here was that someone, if not exactly a sugar daddy then at least someone with a few sachets of Sweetex, was going to be putting some money in a week and a half ago, (not an investment) there would be an announcement, and this would get us out of the immediate hole.

It joins the longish list of false rumours up with which we have had to put.

Whatever the truth of this one, the sad fact is that without significant and ongoing financial backing, whatever budget the new club (whether this one or some post-administration one - puts together, that will NOT be, in fact will be nowhere near, a budget that approaches being able to field a top class SL team. You can not make a loss, or you can have a top-4 team. You can't have both.

And before any clever dicks start quoting examples of clubs allegedly showing a profit in their accounts, all I can say is that Bulls fans should be the absolutely last people to ever believe that the published accounts are worth the paper they are fabricated upon, if what you want to know is whether the club is, all things considered, spending way more than it is bringing in. Accounts can show you whatever the accountants were told to show.

As for future sponsorship, i cant imagine JCT600 being too impressed with the whole situation!

they have sponsored Bradford for years and i would imagine have put a fair bit of coin your way too.

Looking at it from the point of view of a JCT600 director i would be more than quite put off by the fact that in every newspaper/internet story since the Bulls annouced the financial situation their famous logo has been in full view, attached to a failing business - that is Bradford BTW.

Assuming you do reform, i can see your main sponsor paying alot less for the same rights.

I'm a potential investor with a load of cash in my pocket.

Do I:

a) buy the club now and inherit all its debts, including the HMRC liabilities, or
b) buy the business and assets through a prepack Administration and spend the cash I would have spent paying off old liabilities on the club's future

?

Guilfoyle is saying he couldn't fund a trading Administration (no surprise there given the losses and cashflow issues) - but that's not the same as saying Administation would not be the preferred investment vehicle for an investor.

Yep. Scenario (b) is our way forward to sunlit uplands.

Depends on us getting enough investment tho...

So, you don't exist.

Indeed. Rather like government figures, carefully choosing the start and end dates of your statistics can make a world of difference

Does anyone feel confident enough to book a trip to our last game of the season in Perpignan?