Quote: dboy "Not sure what you mean by "the RFL didn't read the business plan" - they clearly stated it was not fit for purpose. '"
The quote was from MM, not me. Is he lying?
Quote: dboy "If the cuts were enough, why is begging bowl out for 500k to operate NOW.'"
As you know the clubs often seek advances from the RFL and these are often provided, without publicity. As you know, there are obvious reasons why cash flow is extremely tight for whoever would be perating BB just ow, and a request for advances wouldn't be a shock.
But being the type of person you are, you instead refer to this as "getting out the begging bowl". You don't get why you are despised for doing this? Do you know what a "begging bowl" is? It is for gifts. As BB2014 asked for no gifts,
YOU are lying. And you can't deny that.
Quote: dboy "The debts may have been run up by the previous BoD(s), but they are the debts of Bradford Bulls. '"
A pointless conflation. The RFL's concern is the integrity of their competition. In the business world companies go into and out of administration all the time, and many creditors, including HMRC, are shafted and can do nothing about it. So the debts are most definitely NOT the debts of the Bradford Bulls, in the sense you state. You are again LYING.
The reason the RFL want them paying is not to make their competition look bad, and NOT because there is any liability. Indeed, the RFL specifically admit that the new club might go on without paying a penny, in SL, and be accepted as such and if that happens they dock points as a sanction.
Quote: dboy "The business plan of BB2014 made no provision to pay creditors - not even HMRC. '"
Liar. What it did not contain was a specific guarantee to fully pay all creditors.
Quote: dboy "The ST thing is very unfortunate, as is the loss of TV funding - but these things were known about before putting together the business plan and before submitting the bid to buy the club. '"
ST yes, but distribution absolutely not. That was announced, and then only in passing, in a press report last week. At which point, BB2014 had not been asked to agree to it (which they would have to do). Still, and to their credit, BB2014 would have gone ahead and run the club, despite all this, but it was the "special measures" thing that broke the camel's back. They felt badly let down and misled over the points, but that was not the key. Nor was paying off creditors, nor the Sky distribution.
Quote: dboy "Why is it reasonable to use tomorrow's money to pay today's bills??? That's no way to run a household, never mind a large business. '"
FFS, as I keep saying (but you lknow) many clubs seek advances from time to time. And as I keep repeating, the special circumstances of BB2014 right now obviously to anyone have good and exceptional reasons why cashflow is exceedingly tight. It is a perfectly normal way to run a business. Even the biggest companies in the world rely on bank finance borrowings loans and overdrafts. Only a financial dunce would not know that.
Quote: dboy "Question - If Bulls can't make income match outgoings, what should/will happen to the club?'"
But that is exactly what the budget does. Unless you believe they lodged a budget that showed a permanent deficit each year??
Let me ask you two questions:
1. If you were starting up a new business (which BB2014 are) do you think it would be unusual to go to a bank or finance house with your facts figures and business plan, details of how much money you needed to start up and going forward, and ask for a loan? (Clue: the answer is: No - that is how it invariably works)
2. If that business was the Bulls, and you had done a business plan with projections etc., and after you'd done the plan, that plan was scuppered by severe sanctions which meant that not only would the game change dramatically from what you planned as you were almost certain to face relegation, but also that for the foreseeable, you were effectively prevented from running your own business, what would you say?
