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 Star1795No
Team
Selected
JoinedServiceReputation
Jan 201114 years
OnlineLast PostLast Page
Apr 2021Jan 2021LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Ferocious Aardvark "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'"


Pot calling kettle black, FA. why didnt you do the text in white, it is far more appropriate for a blue background than blue text which has disappeared into the great blue yonder. otherwise, love it. In fact I am so inspired by it I am going to put my new avatar on, foul language included, so you can see how to do text.

RankPostsTeam
Club Coach9986No
Team
Selected
JoinedServiceReputation
Mar 200520 years
OnlineLast PostLast Page
Nov 2019Aug 2019LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



I still don't understand this. There is too many confusing thing happening. None of it really makes sense.
Question 1: Why are we still getting 6 pts deducted if we are getting thrown out next season anyway? Is that not getting punished twice?

RankPostsTeam
Club Coach9986No
Team
Selected
JoinedServiceReputation
Mar 200520 years
OnlineLast PostLast Page
Nov 2019Aug 2019LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Question 2: Has anyone actually stated for a FACT that the club will be out of SL next year unless any potential buyer clears the debts? Is that not imposing conditions on the sale? I thought the RFL didn't like conditions?

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: debaser "I still don't understand this. There is too many confusing thing happening. None of it really makes sense.
Question 1
That is the default penalty for going into administration. What happens after you're in admin is irrelevant in this regard (except for once a bid is accepted/debts are covered by the new owner as with Wakey).

RankPostsTeam
Club Coach9986No
Team
Selected
JoinedServiceReputation
Mar 200520 years
OnlineLast PostLast Page
Nov 2019Aug 2019LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Question 3: How on earth can anyone be expected to make an offer for the club if they don't know what they are getting?

This raises far more issues than it solves imo.

RankPostsTeam
Club Coach9986No
Team
Selected
JoinedServiceReputation
Mar 200520 years
OnlineLast PostLast Page
Nov 2019Aug 2019LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Nothus "That is the default penalty for going into administration. What happens after you're in admin is irrelevant in this regard (except for once a bid is accepted/debts are covered by the new owner as with Wakey).'"


Why is it irrelevant? Wakefield were not thrown out. Why is it different for us?

RankPostsTeam
Player Coach4914
JoinedServiceReputation
Apr 200916 years
OnlineLast PostLast Page
Jan 2024Aug 2023LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



what a joke.

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: debaser "Question 3

No, it raises one issue, dont put YOURSELVES in the position in the 1 st place

RankPostsTeam
Player Coach3124No
Team
Selected
JoinedServiceReputation
Apr 200619 years
OnlineLast PostLast Page
Sep 2016Sep 2016LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Starbug "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'"


There is a precidence for this though, several years ago when Hull and Gateshead merged (cough ,cough) they were paid one million pounds to do so. But although everyone assumes the money came from the RFL it was actually taken from the budgets of the other Super League teams and was shown up on the account as our club owning 10% of Hull. I never did find out what hapened subsiquent years to that money.
All this talk of how sorry people feel for those who are working for nothing is very commendable.I felt bad yesterday when I attended an organised social of around 150 people with major disabilities who had booked Odsal for a party some time back and paid £300 deposit.A few weeks back they were contacted twice telling them to find alternative venue and they would not be geting their deposit back. Early this week they were asked if they were coming along to the booking and they replied that they had been told to find somewhere else so they had .So they were reminded they would be only geting 25% back. I felt ashamed to be a rugby league fan , I couldn`t look them in the face they have already had their budgets cut this year.

RankPostsTeam
Player Coach2143
JoinedServiceReputation
Dec 200618 years
OnlineLast PostLast Page
Oct 2024Oct 2019LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: MjM "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).'"



Are the shares worth anything though. If they are could they be sold?

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


It would mean 24 matches rather than 27 , no magic weekend with an odd number of games

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: Cassandra "Are the shares worth anything though. If they are could they be sold?'"

SLE appeared to sell them on for around 5p a share (presumably either back to Hull or to Hull's owners) in 2004. So, in a word - they were worth **** all. As you would expect shares in a Rugby League club to be. Few people are in this to make money - most are just concerned with trying to achieve a balance between getting a winning team and minimising the losses.

RankPostsTeam
International Star1795No
Team
Selected
JoinedServiceReputation
Jan 201114 years
OnlineLast PostLast Page
Apr 2021Jan 2021LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Here it is AF, I have done the first word in black and the second word in red and amber. For you colourblind folks the first word starts with f and ends in g.

RankPostsTeam
Player Coach2050
JoinedServiceReputation
Nov 200915 years
OnlineLast PostLast Page
Nov 2024Nov 2024LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



How much can us, the fans, raise by the end of Nov? Could this help with any potential buyer who maybe wants to get involved but wants some support?

If the debts are nearing £1m do we need to start again fundraising?

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: Bets'y Bulls "How much can us, the fans, raise by the end of Nov? Could this help with any potential buyer who maybe wants to get involved but wants some support?

If the debts are nearing £1m do we need to start again fundraising?'"


Too late, any fundraising you do now would be to help fund your upcoming seasons in the Championship

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


5.162109375:5
RLFANS Recent Posts
FORUM
LAST
POST
TOPIC
POSTER
POSTS
1m
Salford
karetaker
38
11m
Salary Cap Changes Blocked - 11 votes to 1
MattyB
2
19m
Fixtures 2025
Bullseye
2
33m
745 Game
Bobtownrhino
5
41m
Spirit of the Rhinos
rugbyleague8
3
Recent
Shopping list for 2025
hull2524
5586
Recent
Salford placed in special measures
Big lads mat
100
Recent
ALL NEW 49ERS ERA LEEDS UTD THREAD
Trebor1
2606
Recent
Game - Song Titles
Wanderer
40758
Recent
BORED The Band Name Game
Wanderer
63251
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
1m
Salary Cap Changes Blocked - 11 votes to 1
MattyB
2
1m
Fixtures 2025
Bullseye
2
1m
Accounts
Tony Fax
141
1m
Pre Season - 2025
RockNRolla
186
2m
Its all gone a bit quiet
Victor
25
2m
2025 Shirt
Warrior Wing
20
2m
745 Game
Bobtownrhino
5
2m
How many games will we win
Willzay
33
3m
Spirit of the Rhinos
rugbyleague8
3
8m
2025 Betfred Super League Fixtures
MjM
19
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Salary Cap Changes Blocked - 11 votes to 1
MattyB
2
TODAY
Fixtures 2025
Bullseye
2
TODAY
Spirit of the Rhinos
rugbyleague8
3
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
karetaker
38
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..
1008
Magic Weekend 2025 - Back To N..
621
England Beat Samoa To Take Tes..
1352
England's Women Demolish The W..
1177
England Beat Samoa Comfortably..
1415
Operational Rules Tribunal –..
1205
IMG-RFL club gradings released..
1459
Wakefield Trinity Win Champion..
2004
Hunslet Secure Promotion After..
2207
Trinity Into Play Off Final Af..
2454
Wigan Warriors Crowned Champio..
2017
York Valkyrie Win Back to Back..
2259
Hunslet Book Relegation Play O..
2727
Penrith Panthers Secure Fourth..
2151
Wigan Humiliate Leigh For Gran..
2229