FORUMS FORUMS



  
FORUMS > Bradford Bulls > Renamed: Super League Europe Ltd buys the Bulls
281 posts in 20 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin
RankPostsTeam
International Star1704
JoinedServiceReputation
Aug 201113 years
OnlineLast PostLast Page
Oct 2023Dec 2020LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Cibaman "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?'"


don't worry, for the remaining home games the team you play will send their groundstaff over a day early to cut the grass and paint the pitch lines. And at least 1 person from every SL club will man the turnstiles so no-one can pocket any cash without the others knowing

RankPostsTeam
Player Coach4558
JoinedServiceReputation
Dec 200519 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



There's some key questions in that last post by FA, and I wouldn't presume to have definitive answers for any of them

However my assumption for the scenario posed by Question 4 is that should the club fold, they will use the 2013 Sky TV money that would have come to the Bulls to replay the other clubs. The figures kinda stack up (granted we are only guessing). Club acquired for £1 million, and Sky TV money is c. £1.3 million per year.

That scenario would obviously be contingent on a 13 club SL in 2013

RankPostsTeam
Player Coach5507No
Team
Selected
JoinedServiceReputation
Jul 200519 years
OnlineLast PostLast Page
Nov 2017Nov 2017LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Geoff "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.'"

15 ways, the RFL central fund gets a slice.

RankPostsTeam
International Star1704
JoinedServiceReputation
Aug 201113 years
OnlineLast PostLast Page
Oct 2023Dec 2020LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



what happens on Sunday, if it's a newco that's formed are all season tickets now cancelled.......?????

RankPostsTeam
Club Coach5880No
Team
Selected
JoinedServiceReputation
Mar 200520 years
OnlineLast PostLast Page
Oct 2024Oct 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: pie.warrior "what happens on Sunday, if it's a newco that's formed are all season tickets now cancelled.......?????'"

I think they will have to go some to get everything finalised by Sunday. Remember that at this stage it is still only a formal submission of an unconditional bid, nothing more.

RankPostsTeam
Club Owner33944No
Team
Selected
JoinedServiceReputation
Mar 200421 years
OnlineLast PostLast Page
Mar 2016Mar 2016LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



The SLE bid will be, to pay running costs to the end of the season , to pay a % of debts ( much of which will be to the RFL ) , then if no buyer is found to operate as a Championship ( NOT C 1 ) till the next round of licencing, whereupon if qualified ( win 2013 NRC ) they will be in a position to return to SL, and then put up for sale

They will play at Odsal on a reduced rent until then

The question being, who will relpace them till then?

The Bulls are now effectively a Championship club

RankPostsTeam
Player Coach5507No
Team
Selected
JoinedServiceReputation
Jul 200519 years
OnlineLast PostLast Page
Nov 2017Nov 2017LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Highlander "Going forward.... "liabilities going forwards"

They have offered a newco deal to BG , thereby leaving old debts, behind.

As I said before, uncharted waters.

SL(E) will own the newco. An owner wishing to retain the SL licence will have to find some way to make good on old debts when they buy the newco.

If a new owner doesn't wish to remain in SL then they can ignore the old debts.'"

But if its a newco then there won't be any debts to repay will there? Why would they have to pay off expunged old debts to play in SL but not in the championship?

Geniune question, goes over my head much of this. Could, in theory, Guilfoyle reject the bid as not a good enough deal for creditors? Isn't, along with trying to the best deal for the club as a going concern, getting the best deal for the clubs creditors part of his remit? If the plan is for a newco and thus wiping the debts then is there a chance this could happen? Could he as the adminisrator give preferred bidder status to someone else?

MjM
RankPostsTeam
International Chairman6840No
Team
Selected
JoinedServiceReputation
Dec 200123 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Adeybull "Something like that, although I think it was each club had a share in the merged jobbie. Bulls accounts showed an 8.33% holding in the entity, IIRC?

Not just yours or my memories that are a bit iffy - I asked precisely that question of a very well known RL press media personality last week, and he could not remember the exact details either!'"
Just on this marginally interesting front, SLE used to own a batch of shares in Hull FC - redeemable, convertable Ordinary shares which had no voting or dividend rights.

The 2003 Leeds accounts tell us that, "the investment relates to the purchase of £250,000 worth of shares in Hull RLFC by Super League Europe Limited (SLE). SLE holds these shares as the authorised agent on behalf of the twelve clubs who participated in the 1999 Super League season. "

i.e. SLE put some initial capital into Gateshead to get the club up and running. Somewhat different to the case of the Bullies, but a precedent of sorts for the other clubs having a stake in another member club. (The 2002 Hull Annual Return also shows a tasty batch of Hull FC shares owned by a Mr G Hetherington but that's another matter entirely).

RankPostsTeam
Club Coach2931No
Team
Selected
JoinedServiceReputation
May 200520 years
OnlineLast PostLast Page
Sep 2024Mar 2017LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Errol Stock "This is highly likely to be an interim step to take control away from someone who does not have the best interest of the club at heart - only the creditors - thats his job.

Fairly confident this is the next chapter but not the final one as its not a long term sustainable solution.

That said - once the dust settles today - there will be a few pages of moaning from certain geographic quarters who are likely to turn purple..'"


Not from me.

I hope you survive as a SL club and not just a SL owned club! The fans and staff are a credit to Rugby League.

I suspect what is going on here is that the RFL through its proxy SL Europe is looking to protect its investment; Odsal and the integrity of the league structure. They are hoping that someone will come along witha an offer in the close season that will allow Bradford to continue, hopefull in Super League.

Anyway, good luck guys and gals. icon_razz.gifRAY:

RankPostsTeam
Player Coach1323No
Team
Selected
JoinedServiceReputation
Feb 200718 years
OnlineLast PostLast Page
Jul 2024Mar 2022LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Cibaman "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?'"


Er, Leeds. Obviously.

In terms of our owners, I can't envisage a scenario where SLE would want to own a club playing in another competition.

I realise we can't be supported indefinitely, but I am more confident of our SL future today than at any time previously.

RankPostsTeam
Club Owner33944No
Team
Selected
JoinedServiceReputation
Mar 200421 years
OnlineLast PostLast Page
Mar 2016Mar 2016LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: saint at wire "Not from me.

I hope you survive as a SL club and not just a SL owned club! The fans and staff are a credit to Rugby League.

I suspect what is going on here is that the RFL through its proxy SL Europe is looking to protect its investment; Odsal and the integrity of the league structure. They are hoping that someone will come along witha an offer in the close season that will allow Bradford to continue, hopefull in Super League.

Anyway, good luck guys and gals.
A SLE owned club will automatically become a Championship club, as soon as the bid is accepted, the RFL will inform whichever club they want to replace them, to wait any longer would be grosly unfair to the rest of RL

RankPostsTeam
Club Owner33944No
Team
Selected
JoinedServiceReputation
Mar 200421 years
OnlineLast PostLast Page
Mar 2016Mar 2016LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Stul "Er, Leeds. Obviously.

In terms of our owners, I can't envisage a scenario where SLE would want to own a club playing in another competition.

I realise we can't be supported indefinitely, but I am more confident of our SL future today than at any time previously.'"


Id suggest exactly the opposite , to own a club in the same competition would be a huge conflict of interest, you will be visiting the LSV next year

RankPostsTeam
Moderator4688No
Team
Selected
JoinedServiceReputation
Apr 201213 years
OnlineLast PostLast Page
Nov 2024Oct 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED

Moderator


Quote: Theboyem "15 ways, the RFL central fund gets a slice.'"


16 ways. One share goes to the Championship clubs !

RankPostsTeam
Player Coach1896No
Team
Selected
JoinedServiceReputation
Jan 200817 years
OnlineLast PostLast Page
Sep 2015Sep 2015LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Unbelieveable Geoff!

RankPostsTeam
Club Coach5880No
Team
Selected
JoinedServiceReputation
Mar 200520 years
OnlineLast PostLast Page
Oct 2024Oct 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Starbug "A SLE owned club will automatically become a Championship club, as soon as the bid is accepted, the RFL will inform whichever club they want to replace them, to wait any longer would be grosly unfair to the rest of RL'"

They might not bother with a replacement. 13 club SL next year? It wouldn't require a new sky contract iirc.

281 posts in 20 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin
281 posts in 20 pages 
<<   PREV  NEXT   >>
Subscribe | Moderators: Admin



All views expressed are those of the author and not necessarily those of the RLFANS.COM or its subsites.

Whilst every effort is made to ensure that news stories, articles and images are correct, we cannot be held responsible for errors. However, if you feel any material on this website is copyrighted or incorrect in any way please contact us using the link at the top of the page so we can remove it or negotiate copyright permission.

RLFANS.COM, the owners of this website, is not responsible for the content of its sub-sites or posts, please email the author of this sub-site or post if you feel you find an article offensive or of a choice nature that you disagree with.

Copyright 1999 - 2024 RLFANS.COM

You must be 18+ to gamble, for more information and for help with gambling issues see https://www.begambleaware.org/.



Please Support RLFANS.COM


6.4287109375:5
RLFANS Recent Posts
FORUM
LAST
POST
TOPIC
POSTER
POSTS
1m
Film game
karetaker
5716
1m
Salford placed in special measures
PopTart
102
10m
Game - Song Titles
Boss Hog
40765
13m
Salford
rubber ducki
43
15m
IMG Score
Highlander
81
22m
Ground Improvements
phe13
179
25m
BORED The Band Name Game
Boss Hog
63254
59m
2025 Betfred Super League Fixtures
leeds owl
20
Recent
Castleford sack Lingard
phe13
12
Recent
2025 Recruitment
Pyrah123
200
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
45s
Salary Cap Changes Blocked - 11 votes to 1
Mark_P1973
3
57s
IMG Score
Highlander
81
59s
Game - Song Titles
Boss Hog
40765
1m
Castleford sack Lingard
phe13
12
1m
745 Game
Bobtownrhino
5
1m
Shopping list for 2025
hull2524
5586
1m
2025 Recruitment
Pyrah123
200
1m
Pre Season - 2025
RockNRolla
186
1m
Spirit of the Rhinos
Jack Burton
4
2m
Accounts
Tony Fax
141
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Salary Cap Changes Blocked - 11 votes to 1
Mark_P1973
3
TODAY
Fixtures 2025
Bullseye
2
TODAY
Spirit of the Rhinos
Jack Burton
4
TODAY
Mike Ogunwole
Wanderer
1
TODAY
Bailey Dawson
Wanderer
1
TODAY
2024
REDWHITEANDB
14
TODAY
Dan Norman Retires
Cokey
1
TODAY
How many games will we win
Willzay
33
TODAY
Leigh Leopards - 2025 Fixtures
Bent&Bon
6
TODAY
Catalan Away
Dannyboywt1
6
TODAY
2025 Betfred Super League Fixtures
RLFANS News
1
TODAY
2025 fixtures
Smiffy27
15
TODAY
Fixtures
Willzay
13
TODAY
Salford
rubber ducki
43
TODAY
WCC Off
Choc Ice
11
TODAY
Leeds away first up
FIL
50
TODAY
Jake McLoughlin
Wanderer
1
NEWS ITEMS
VIEWS
2025 Betfred Super League Fixt..
1013
Magic Weekend 2025 - Back To N..
631
England Beat Samoa To Take Tes..
1355
England's Women Demolish The W..
1183
England Beat Samoa Comfortably..
1420
Operational Rules Tribunal –..
1208
IMG-RFL club gradings released..
1466
Wakefield Trinity Win Champion..
2007
Hunslet Secure Promotion After..
2210
Trinity Into Play Off Final Af..
2457
Wigan Warriors Crowned Champio..
2020
York Valkyrie Win Back to Back..
2263
Hunslet Book Relegation Play O..
2729
Penrith Panthers Secure Fourth..
2154
Wigan Humiliate Leigh For Gran..
2231