FORUMS > Bradford Bulls > Latest Update from Club via T & A |
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International Chairman | 17146 | No Team Selected |
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Dec 2001 | 23 years | |
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755_1290430740.jpg “At last, a real, Tory budget,” Daily Mail 24/9/22
"It may be that the honourable gentleman doesn't like mixing with his own side … but we on this side have a more convivial, fraternal spirit." Jacob Rees-Mogg 21/10/21
A member of the Guardian-reading, tofu-eating wokerati.:d7dc4b20b2c2dd7b76ac6eac29d5604e_755.jpg |
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| Quote: Bullpower2012 "Built the coral stand with settlement monies – you know that big white elephant in the ground where the WAGs watch the game......'"
I would just like to confirm I am neither a wife nor girlfriend of any of the players. And neither is my wife.
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Rank | Posts | Team |
Club Coach | 9986 | No Team Selected |
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Mar 2005 | 20 years | |
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Nov 2019 | Aug 2019 | LINK |
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13747_1541715311.jpg [b:3g5rrn89](and I feel fine)[/b:3g5rrn89]:d7dc4b20b2c2dd7b76ac6eac29d5604e_13747.jpg |
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| Quote: tigertot "I would just like to confirm I am neither a wife nor girlfriend of any of the players. And neither is my wife.'"
That's what you think...
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Rank | Posts | Team |
International Star | 1934 | No Team Selected |
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May 2011 | 14 years | |
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Nov 2023 | Mar 2023 | LINK |
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| Quote: Adeybull "Bennett was playing it pretty cute there, with that wording. Caisley now either has to confirm he DOES have firm investment lined up, or acknowledge that all he has is a plan to come up with a plan and that could mean administration.
If he DOES so confirm, then Bennett seems to be telegraphing that him and Hood will happily go, if that is the price for securing the investment for the futureBut if Peter and I cannot raise the immediate investment and secure the long-term future of the club in the very near future, then we will have no option other than to accept Mr Caisley at his word, as a solicitor, that he has a strategy in place to attract investment and has a survival package for the club.
“I believe he expressed this quite clearly in an article in the T&A – and we would welcome this survival package with open arms.[/i"
If he does NOT so confirm, then if/when he DOES sieze control then if he does NOT deliver on investment he knows he will be widely viewed as a liar who gained control under false pretenses.'"
I'm not sure we can say this without knowing the full state of the accounts and liabilities going forward. There's a fine line between cute and outright dishonest and we don't know which it is as yet.
Nobody, whether CC or not could promise that the club will not go into administration. If CC's review entailed an audit by respected accountants that revealed a black hole of say £3-4 million then there's no other option. I doubt this is the case but we didn't know we owed the RFL £700k either.
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Rank | Posts | Team |
International Chairman | 14145 | No Team Selected |
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Dec 2001 | 23 years | |
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Aug 2020 | Oct 2019 | LINK |
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45_1302643626.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_45.jpg |
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| I wasn't saying whether that would be true - just what the effect (IMO) of Bennett's statement is likely to be.
If/when Caisley seizes control, if he WAS to unearth some big black hole left by the previous board, and blamed them - how many people would actually believe him?
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Rank | Posts | Team |
International Star | 1934 | No Team Selected |
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May 2011 | 14 years | |
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Nov 2023 | Mar 2023 | LINK |
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| Quote: Adeybull "I wasn't saying whether that would be true - just what the effect (IMO) of Bennett's statement is likely to be.
If/when Caisley seizes control, if he WAS to unearth some big black hole left by the previous board, and blamed them - how many people would actually believe him?[/quot
Fair enough but who believes Hood and Bennett? In fact an independent audit might be the only way through this debacle. I'd believe KPMG or Ernst Young.
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Rank | Posts | Team |
International Chairman | 6838 | No Team Selected |
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Dec 2001 | 23 years | |
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Nov 2024 | Nov 2024 | LINK |
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86.jpg Let all the doubters keep doubting and those who believe keep believing.
We’re only interested in those in the bubble. Anyone who wants to come in the bubble, you can come in.
But you’ve got to keep believing.:86.jpg |
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| Quote: Adeybull "If/when Caisley seizes control, if he WAS to unearth some big black hole left by the previous board, and blamed them - how many people would actually believe him?'" Something similar has worked on the masses at Hull by someone I'd trust less than Caisley so it's worth a try
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Club Owner | 8224 | No Team Selected |
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Dec 2003 | 21 years | |
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Sep 2012 | Sep 2012 | LINK |
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7741_1339451243.jpg When you're a Bradford fan there's always a light at the end of the tunnel.
Unfortunately it's usually an oncoming train:d7dc4b20b2c2dd7b76ac6eac29d5604e_7741.jpg |
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| Well, reading that article, it seems that the monies from the pledge have gone, in the main, to pay off HMRC as well as ensuring the players and staff at the club get paid for this month and that the next £500k will be used mainly to continue the club running.
So really, it seems what the club needed was, to put it simply, a wageday advance (as seen on those crappy adverts on the telly in-between ad's for ambulance chasers) due to a sudden, possibly unseen coming, short fall in available money.
So, with HMRC paid off, surely the club is in far, far less of a state to fall now? We've no threat of HMRC demanding a winding up order and the remaining costs for the year being player and staff salaries.
Now, I'm not saying that they should, but surely there's an option there to ask players and staff to defer some of their wages? Just until the club's feet are a little more firmly on the ground?
Personally, the idea of Caisley getting back in charge of the Bulls terrifies me in terms of having the club survive as I have very little confidence in the man. Yes, I know Hood and the others haven't exactly been paragons of virtue in terms of honestly stating how the club is doing, but they have at least done a thankless job in thankless times and managed to turn the club around from losing money hand over fist to (at least until this current crisis surfaced) living within the clubs means.
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Rank | Posts | Team |
International Chairman | 17146 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Nov 2024 | Nov 2024 | LINK |
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755_1290430740.jpg “At last, a real, Tory budget,” Daily Mail 24/9/22
"It may be that the honourable gentleman doesn't like mixing with his own side … but we on this side have a more convivial, fraternal spirit." Jacob Rees-Mogg 21/10/21
A member of the Guardian-reading, tofu-eating wokerati.:d7dc4b20b2c2dd7b76ac6eac29d5604e_755.jpg |
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| Quote: M@islebugs "
In fact an independent audit might be the only way through this debacle. I'd believe KPMG or Ernst Young.'"
Best launch an appeal for another £500k then. Adey would do it for less.
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Rank | Posts | Team |
International Star | 1795 | No Team Selected |
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Jan 2011 | 14 years | |
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Apr 2021 | Jan 2021 | LINK |
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54218_1349939535.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_54218.jpg |
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| Quote: Roofaldo "Well, reading that article, it seems that the monies from the pledge have gone, in the main, to pay off HMRC as well as ensuring the players and staff at the club get paid for this month and that the next £500k will be used mainly to continue the club running.
So really, it seems what the club needed was, to put it simply, a wageday advance (as seen on those crappy adverts on the telly in-between ad's for ambulance chasers) due to a sudden, possibly unseen coming, short fall in available money.
So, with HMRC paid off, surely the club is in far, far less of a state to fall now? We've no threat of HMRC demanding a winding up order and the remaining costs for the year being player and staff salaries.
Now, I'm not saying that they should, but surely there's an option there to ask players and staff to defer some of their wages? Just until the club's feet are a little more firmly on the ground?
Personally, the idea of Caisley getting back in charge of the Bulls terrifies me in terms of having the club survive as I have very little confidence in the man. Yes, I know Hood and the others haven't exactly been paragons of virtue in terms of honestly stating how the club is doing, but they have at least done a thankless job in thankless times and managed to turn the club around from losing money hand over fist to (at least until this current crisis surfaced) living within the clubs means.'" I think you are mostly right in the wageday advance analolgy, but I think theres still a bill or two to pay yet, not forgetting that we dont play much at home for a while. But it all depends what sort of a payment schedule the club has managed to agree with Her Majesty.
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Rank | Posts | Team |
International Star | 1300 | No Team Selected |
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Jan 2012 | 13 years | |
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Mar 2018 | Mar 2018 | LINK |
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| Quote: Roofaldo " ensuring the players and staff at the club get paid for this month
'"
Has it been confirmed that that all the players have been paid in full and on time? I doubt it.
Has there been any information on the image rights payments that the Bulls have to make over the next 3/4 years.
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Rank | Posts | Team |
Club Coach | 4002 | |
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Mar 2005 | 20 years | |
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Nov 2024 | Nov 2024 | LINK |
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13554.jpg The phrase politically correct is in itself politcally incorrect so should be rephrased politically stupid!
If you like old type radio comedy/ dramas etc listen to //pumpkinfm.com/
Statistically speaking you have a better chance of getting dead the older you get!
Thank god only when you find a religion that passes the truth test!:13554.jpg |
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| Quote: M@islebugs "Fair enough but who believes Hood and Bennett? In fact an independent audit might be the only way through this debacle. I'd believe KPMG or Ernst Young.
Two large Companys with iffy reputations whom I wouldn't trust for sure.
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Rank | Posts | Team |
Player Coach | 4558 | |
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Dec 2005 | 19 years | |
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Nov 2024 | Nov 2024 | LINK |
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19767.jpg :19767.jpg |
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| Weren't KPMG the people who recommended that Crusaders should be awarded a franchise?
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Rank | Posts | Team |
International Star | 1795 | No Team Selected |
Joined | Service | Reputation |
Jan 2011 | 14 years | |
Online | Last Post | Last Page |
Apr 2021 | Jan 2021 | LINK |
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54218_1349939535.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_54218.jpg |
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| yes they have been paid according to statements the club have made. theres mention of other liabilities one of which Ducket has identified as a quarterly VAT payment, and IIRC the image rights bill has been mentioned by someone as another. Bennett clearly says no other long term liabilities which the vat bill is not so presumably neither the image rights bill.
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Rank | Posts | Team |
International Chairman | 17146 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Nov 2024 | Nov 2024 | LINK |
Milestone Posts |
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Milestone Years |
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Location |
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Signature |
755_1290430740.jpg “At last, a real, Tory budget,” Daily Mail 24/9/22
"It may be that the honourable gentleman doesn't like mixing with his own side … but we on this side have a more convivial, fraternal spirit." Jacob Rees-Mogg 21/10/21
A member of the Guardian-reading, tofu-eating wokerati.:d7dc4b20b2c2dd7b76ac6eac29d5604e_755.jpg |
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| Quote: Blotto "Two large Companys with iffy reputations whom I wouldn't trust for sure.'"
I've had to be audited a number of times by KPMG & PWC. I don't know if they are iffy but you get a couple of frsh faced university graduates who haven't a feckin clue about the process they are auditing.
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Rank | Posts | Team |
Club Coach | 9986 | No Team Selected |
Joined | Service | Reputation |
Mar 2005 | 20 years | |
Online | Last Post | Last Page |
Nov 2019 | Aug 2019 | LINK |
Milestone Posts |
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Milestone Years |
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Location |
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Signature |
13747_1541715311.jpg [b:3g5rrn89](and I feel fine)[/b:3g5rrn89]:d7dc4b20b2c2dd7b76ac6eac29d5604e_13747.jpg |
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| Quote: tigertot "I've had to be audited a number of times by KPMG & PWC. I don't know if they are iffy but you get a couple of frsh faced university graduates who haven't a feckin clue about the process they are auditing.'"
I bet they had cool hair though.
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