| FORUMS > Bradford Bulls > £3 million offered for bulls |
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That's how I read it too
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| Quote: Theboyem " No mention of any bid for the Odsal lease.'"
Or any payment to the creditors |
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What's pink & hard first thing in the morning?
The financial time crossword
[url=http://imageshack.us/photo/my-images/864/pinkhards.jpg/:39bjthd5][img:39bjthd5]http://img864.imageshack.us/img864/5724/pinkhards.jpg[/img:39bjthd5][/url:39bjthd5]:d7dc4b20b2c2dd7b76ac6eac29d5604e_65068.jpg |
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| Quote: Cibaman "Or any payment to the creditors'"
The payment to the creditors will come out of the sale of the club by the administrators less their fee  |
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Its hard for thee to kick against the pricks!:7960.jpg |
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The RFL are now saying the adminstrater hasnt recieved any offer, wtf!!!
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| Quote: steamingbull02 "The RFL are now saying the adminstrater hasnt recieved any offer, wtf!!!'"
Yea, just read that on Sporting Life website and that administrator was unavailable for comment. |
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| Quote: steamingbull02 "The RFL are now saying the adminstrater hasnt recieved any offer, wtf!!!'"
Heartily sick of being treated like a mushroom now. Can they just sort it and tell us result when it's all over? |
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The poor man's bonaire:d7dc4b20b2c2dd7b76ac6eac29d5604e_32641.jpg |
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So the offer is to cover the losses for the next 3 years, no payment for creditors and the RFL hand odsal back to them for free?
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:d7dc4b20b2c2dd7b76ac6eac29d5604e_54218.jpg |
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| Quote: Theboyem "Quote in the T&A from BG...
'There will be losses for three years and we are talking about two and a half to three million pounds. That is a lot to be philanthropic. People are throwing their money away and some generous benefactors are putting in big money to help out'.
So reading between the lines they have made an offer that covers the projected losses. No mention of any bid for the Odsal lease.'"
Why would they pay the administrator, who is then going to pay the creditors etc out of the money , £3m to cover future losses, as those future losses will need to be covered by them not the administrator? add the money for the lease, would you buy a business for £3-4M that is also going to lose £3M making your total investment £6-7M?
If they are indeed paying that amount, then its back to the most interesting point, where is the increased income going to come from to make that size of investment worthwhile? |
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| Quote: wildshot "Yawn.
Please back your statements with facts, not frivolous hearsay and rumour.'"
the fact is the bulls spent more money than they had |
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Whenever you find yourself on the side of the majority, it is time to pause and reflect.
Mark Twain
Build Bridges NOT Walls:1271.jpg |
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| Quote: bigcol2 "the fact is the bulls spent more money than they had'"
I thank you for your powerful and incisive insight into the Bulls predicament. Do you seriously think there is anyone on here who doesn't know that already? If you'd read the odd thread, before diving in with that earth shattering info, you could have saved your time and our annoyance. |
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| International Chairman | 6038 | No
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| Quote: mat "Heartily sick of being treated like a mushroom now. Can they just sort it and tell us result when it's all over?'"
Reading the articles, it doesn't appear that there has been any direct communication betwen ABC and the RFL. All the quotes attributed to the RFL seem to be suggesting that they're only getting their information from Gilfoyle. If that's true they need to get the 3 parties in a room together. |
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"If you start listening to the fans it won't be long before you're sitting with them," - Wayne Bennett.:d7dc4b20b2c2dd7b76ac6eac29d5604e_438.jpg |
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It's heading for liquidation IMO.
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| Club Coach | 9986 | No
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[b:3g5rrn89](and I feel fine)[/b:3g5rrn89]:d7dc4b20b2c2dd7b76ac6eac29d5604e_13747.jpg |
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Been out of touch for a few days, but saw this thread and thought excellent news. How stupid of me to think everything would be going smoothly...
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| International Chairman | 1470 | |
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| Dec 2001 | 23 years | |
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| Quote: mat "Heartily sick of being treated like a mushroom now.'"
Me too, 36 years supporting the club and all of the lies and decipt first from Casiley and his cronies and now from Guilfoyle leave me feeling like I don't give a anymore.
If only everyone else at the club was as honest as the fans maybe we wouldn't be in this mess. |
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