FORUMS > Bradford Bulls > 6 Point Deduction / board walks |
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| Quote: Mirfieldbull "Even the RFL aren't so stupid to drive us out of business and see the asset they bought overnight become worthless are they? It look that way, but.........'"
Compared to how they'd look and the potential loss of marketing and sponsorship income of losing London and Catalan (not that I think both are in trouble but...) and limiting out top division to the North of England again?
What is the situation with Odsal should the Bulls cease to play their for whatever reason? Are the RFL able to sell it to be developed into something else or is there some caveat stating that it has to be used for sport?
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| Quote: bewaresheep "Compared to how they'd look and the potential loss of marketing and sponsorship income of losing London and Catalan (not that I think both are in trouble but...) and limiting out top division to the North of England again?
What is the situation with Odsal should the Bulls cease to play their for whatever reason? Are the RFL able to sell it to be developed into something else or is there some caveat stating that it has to be used for sport?'"
2 things the Council own the ground so would have to agree to redevelopment, and what would you build? Out of town retail now significantly frowned on by planning authorities and Government, we have an arena in West Yorkshire, shape not good for housing, cost too much to fill in, so I struggle to see what sort of building would be allowed that would make economic sense
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| Quote: debaser "
It would imply that the penalty has been decided, regardless of what any new owner offers. Which suggests a total fix up.'"
It may be up for re-assessment, but the new buyer would 500k immediate operating capital and 170k to pay off
HMRC.
That's a bare minimum, before any reduction in the points penalty is even looked at.
The administrator surely has no choice now, but to realise some assets and reduce back room staff.
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| Quote: debaser "That's a very good point.
It would imply that the penalty has been decided, regardless of what any new owner offers. Which suggests a total fix up.'"
If I was messers Lamb , Lawn .....(Morrison ), or Caisley
And I was wanting a chat with the rfl about buying an iconic rugby club at short notice ahead of a home banker on Sunday, I might want to know if my offer would be treated on its own merits, without a guaranteed minus 6 points, or what incentive is there this week for me to pay anyone anything?
I demand another rfl press release....i cant get enough of em.
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| It's simple. (But not nice).
The players are now with OK Bulls again.
OK Bulls Administrator makes all players on over £30k redundant (unless they accept a reduction to £30k).
Mr Lamb buys Bradford Bulls from the Administrator for an amount that covers his fees.
Mr Lamb then has a Super League club (albeit with 6 points deduction etc), with affordable players and no debts.
Once special measures lifted, no more contracts offered of more than £30k.
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| Quote: dboy "The administrator surely has no choice now, but to realise some assets and reduce back room staff.'"
I do wish some of you lot would get it into your heads that:
1 - they HAVE reduced back room staff Go ask all those who were sacked, or had theoir hours reduced, in January. There is no more to cut if you want to stay in business.
2 - there ARE no assets to realise. Maybe the odd player on a modest transfer fee - except doubtless he would do a Carvell - but with the smallest squad anyway, and being unable to recruit ANYONE to replace any players leaving, you would have to send academy lads out, to get hammered.
3 - The administrator does not actually employ ANYONE. They were all TUPEd to BB2014, remember?
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| Quote: Wooden Stand "It's simple. (But not nice).
The players are now with OK Bulls again.
OK Bulls Administrator makes all players on over £30k redundant (unless they accept a reduction to £30k).
Mr Lamb buys Bradford Bulls from the Administrator for an amount that covers his fees.
Mr Lamb then has a Super League club (albeit with 6 points deduction etc), with affordable players and no debts.
Once special measures lifted, no more contracts offered of more than £30k.'"
Don't be absurd.
He would not be buying a SL club.
He would be buying litle more than a Championship club, since relegation would be an absolute certainty.
And not allowed to sign decent players even once the finances are straight? When till? 2015? 2016? 2037?
Tell me, just WHO THE HELL in their right mind would buy a club on such terms?
And you would wreck the lives of the affected players? They are human beings too, you know. With mortgages and commitments. That is, assuming the RFL would alow them to be sacked, which I doubt.
btw...how do you conclude the players "are back with OKB again"? When did that TUPE happen? How did the administrator find the funds he would need to re-assume their employment liabilities and meet the payroll?
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| Quote: Adeybull "I do wish some of you lot would get it into your heads that
I don't believe that, but for the sake of discussion let's go with it...
If there really are no economies or asset realisations to be made, then the business is bust - more money goes out than comes in. Is it time to face facts and liquidate the Bulls?
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| I think the RFL should be fair on the various stakeholders and allow clubs to exceed the cap on signing Bulls players using the cash that was given out of the Bulls Sky allocation
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| Quote: dboy "I don't believe that, but for the sake of discussion let's go with it...
If there really are no economies or asset realisations to be made, then the business is bust - more money goes out than comes in. Is it time to face facts and liquidate the Bulls?'"
Conveniently ignores we lost a significant part of our funding, which had we had, we would have been in a much more comfortable position, even break even? A penalty I would add no one else has had to handle in other administration situations
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| Quote: Mirfieldbull "Conveniently ignores we lost a significant part of our funding, which had we had, we would have been in a much more comfortable position, even break even?'"
Why did the bulls have reduced funding?
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| Quote: Mirfieldbull "Conveniently ignores we lost a significant part of our funding, which had we had, we would have been in a much more comfortable position, even break even?'"
And you conveniently ignore that you received that punishment for your previous mismanagement!
Twice in 2 years!
If, after admin 1, Bulls had addressed their business properly, admin 2 would not have happened.
You are reaping what you sowed.
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Dec 2001 | 23 years | |
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| Quote: dboy "I don't believe that, but for the sake of discussion let's go with it...
If there really are no economies or asset realisations to be made, then the business is bust - more money goes out than comes in. Is it time to face facts and liquidate the Bulls?'"
What don't you believe?
Go ask ANYONE up at the club what THEY believe. They have had to live through it.
Of COURSE the bloody business was bust! Of COURSE more money was going out than was coming in! Moore & Calvert believed they had fixed that long-term, through a combination of swinging cuts and income improvements. But they clearly could not cover the £2/3m Sky monies confiscation. Only a multi-millionaire could.
Seems pretty clear to me that the Sky monies confiscation meant the only way the Bulls could survive was with a very wealthy owner prepared to bankroll the club. None has ever been forthcoming.
Those responsible for the Sky money confiscation should hang their heads in shame. Great business model, RFL: make bloody certain that NO ordinary folk of reasonable means can rescue the club. Fekk the lot of you.
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Rank | Posts | Team |
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| Quote: FlexWheeler "Why did the bulls have reduced funding?'"
Sky funding reduced by 2/3 over last 2 years
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Dec 2001 | 23 years | |
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| Quote: dboy "And you conveniently ignore that you received that punishment for your previous mismanagement!
Twice in 2 years!
If, after admin 1, Bulls had addressed their business properly, admin 2 would not have happened.
You are reaping what you sowed.'"
I don't normally do this...but go to hell.
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