FORUMS > Bradford Bulls > Bulls finances 'considerably worse than originally thought' |
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| To be fair i think they said they were exploring a number of potential investors when they launched the pledge.
Guess we should be grateful their due diligence exposed this chancer before it got any further
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| Quote: Northernrelic "To be fair i think they said they were exploring a number of potential investors when they launched the pledge.
Guess we should be grateful their due diligence exposed this chancer before it got any further'"
You'll have to stop this being reasonable, you know!
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| I understand that the chancer was from Nigeria, and contacted the club by email.
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| Quote: Northernrelic "To be fair i think they said they were exploring a number of potential investors when they launched the pledge.
Guess we should be grateful their due diligence exposed this chancer before it got any further'"
I'm sure they were.
Yours sincerely,
Santa Claus
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| Could have been worse, we could done a Wakey and ended up with a John Pearman.
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| Quote: Asim "I'm sure they were.
Yours sincerely,
Santa Claus'"
Maybe they were overwhelmed with the response they recieved when they sent out those letters to 1000 wealthy people a couple of years back.
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| Quote: Asim "I'm sure they were.
Yours sincerely,
Santa Claus'"
Like the rest of us, I suspect NR doesn't have clue whether his hypothesis is correct or not, but it's as likely as any other, so why so sarky? Assuming the tale about the scammer actually has any basis in fact in the first place, of course.
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| Quote: Bulliac "Like the rest of us, I suspect NR doesn't have clue whether his hypothesis is correct or not, but it's as likely as any other, so why so sarky? Assuming the tale about the scammer actually has any basis in fact in the first place, of course.'"
I wasn't intending a dig at that poster specifically, I'm just bemused that anyone takes anything the previous board said during the whole "pledge" period at face value.
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| Thank you all for your concern - I must have been overcome by the extra day off - sorry tribute to Her Majesty, and gone a bit soft in the head.
From what if have seen the previous BoD just werent very capable and were naive rather than being villians, and I hope my posts have taken a consistent line that there just aren't any big money "investors" out there in Bradford - there weren't any when we were piling up the Trophies - so there certaintly aren't now.
So it is use the fans with a bit of help from that other paragon of corporate ethics Mr Rupert Murdoch!
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| Previous BoD were lying buffoons! Nuff said
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| I think pretty well most BoDs of most sports clubs come nowhere near telling the fans anything like the whole truth, tbh. The last BoD certainly did not level with the fans over the Odsal Lease sale - and yes, I believe they lied to us - and certainly to me personally. Whether out of necessity or otherwise is a separate issue. Maybe the history books will record other occasions. I can think of occasions when I have not been told the truth. But the last board was more communicative than the previous one, for those with short memories - so I guess the more you tell the fans the more opportunity there is for not telling it how it is?
Buffoons? It's certainly become so clear that they were hideously under-resourced in key areas, and I suspect in financial expertise and general business nous most of all. I'll certainly grant you naïvity. One guy I would very much like to hear the views of is Mr Illingworth, who stood down as the (non-exec) finance director in July 2010.
Whatever else, can anyone envisage a charge of "buffoons", whether justified or not, being levelled at a Caisley - controlled administration? No, me neither.
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| After reading todays T & A has anyone got anymore fundraising ideas?
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| Quote: Bets'y Bulls "After reading todays T & A has anyone got anymore fundraising ideas?'"
Sell Whitehead & Bateman to Wire?
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| Quote: Bets'y Bulls "After reading todays T & A has anyone got anymore fundraising ideas?'"
Stephen Coulby says he's "confident" the necessary money can be raised to avoid administration, so it would seem that they have ideas already. He also says they are talking with investors (more than one 'party' involved, though, as 'party' can be either singular or plural, it it is unclear whether the parties are in one group or multiple groups) and progress is being made. On the face of it it appears hopeful, though it is still birds in the bush at the moment.
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| Quote: Bulliac "Stephen Coulby says he's "confident" the necessary money can be raised to avoid administration, so it would seem that they have ideas already. He also says they are talking with investors (more than one 'party' involved, though, as 'party' can be either singular or plural, it it is unclear whether the parties are in one group or multiple groups) and progress is being made. On the face of it it appears hopeful, though it is still birds in the bush at the moment.'"
His 'ideas' are probably to sell Bateman and Whitehead.
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