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Moderator | 10969 | Bradford Bulls |
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| Quote Northernrelic="Northernrelic":24ruqty1Yes I think CC was frustrated we could not get more fans even with a winning product. However CC wasn't just involved with the Bulls he was also keen to raise the profile of the game as a whole, so whatever he thought about the people who were not coming through the turnstiles at the Bulls I suspect he was even more frustrated by the lack of vision for game at the highest level in the UK.
Another point on the figures above - if we were needing £500k to fill the funding gap when on the top of the game - the even more frightening figure is that we seem to need twice that in 9th place?'" both for players and back up staff back then but were getting, for round figures, double the gates so it's hard to say how it stacks up now, other than to say I doubt we're making a profit.
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| much of the odsal settlement cash went on the coral stand and the balance received iirc over a few years, we made a profit in a few of the good years, see my much earlier posts around the time we went pop, and essentially the cash went into the squad either wages or transfer fees. then CC left and Hood turned the squad into cash as the numbers fell. As there are no publicly available figures its difficult to say what the current costs are, but you can see from the way some players have left - Ainscough, Naughton - or not been renewed - Platt & Langley - that the player and coach wages bill is massively less.
the cash put in by OK tells the story. Sponsorship has been decent, but will not have balanced the loss of Sky money. So more sponsorship/investment needed for next year, and more fans. That depends on the team etc. certainly the squad for next year looks as if it will be more resilient to injury, and will play a bit more. So im cautiously optimistic we will see some good games, the thing we have to do is continue the trend of both offence and attack improving over the previous season.
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Club Coach | 5880 | No Team Selected |
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| Quote martinwildbull="martinwildbull"much of the odsal settlement cash went on the coral stand and the balance received iirc over a few years, we made a profit in a few of the good years, see my much earlier posts around the time we went pop, and essentially the cash went into the squad either wages or transfer fees. then CC left and Hood turned the squad into cash as the numbers fell. As there are no publicly available figures its difficult to say what the current costs are, but you can see from the way some players have left - Ainscough, Naughton - or not been renewed - Platt & Langley - that the player and coach wages bill is massively less.
the cash put in by OK tells the story. Sponsorship has been decent, but will not have balanced the loss of Sky money. So more sponsorship/investment needed for next year, and more fans. That depends on the team etc. certainly the squad for next year looks as if it will be more resilient to injury, and will play a bit more. So im cautiously optimistic we will see some good games, the thing we have to do is continue the trend of both offence and attack improving over the previous season.'"
Is our squad wage bill really going to be that reduced? I'm not so sure. We might have lost Langley, Lulia and Platt but Ferguson and Carvell will not have come cheap.
In roughly 12 months, Omar has had to put in close to £1 million just to keep the club going. That is a constant worry to me - how is next year going to be any different? I don't think Mark and Ryan are in the position to be putting in a similar figure.
But if funds were going to be an issue then why didn't they take this opportunity to 'do a wakefield' and reduce the wage bill somewhat. They haven't done that at all, instead choosing to bolster the squad and push for a playoff finish.
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Club Coach | 523 | No Team Selected |
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| Quote Nothus="Nothus"Is our squad wage bill really going to be that reduced? I'm not so sure. We might have lost Langley, Lulia and Platt but Ferguson and Carvell will not have come cheap.
In roughly 12 months, Omar has had to put in close to £1 million just to keep the club going. That is a constant worry to me - how is next year going to be any different? I don't think Mark and Ryan are in the position to be putting in a similar figure.
'"
and what if it were the case that, in addition, Omar wanted £900k back in instalments over time out of the sky money?
Quote Nothus="Nothus"
But if funds were going to be an issue then why didn't they take this opportunity to 'do a wakefield' and reduce the wage bill somewhat. They haven't done that at all, instead choosing to bolster the squad and push for a playoff finish.'"
Exactly. AGAIN.
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| Quote Wooden Stand="Wooden Stand"and what if it were the case that, in addition, Omar wanted £900k back in instalments over time out of the sky money?
Exactly. AGAIN.'"
Well, I don't think we need to worry too much about Omar being repaid. I can't see him demanding full repayment over the next 12 months or something ridiculous like that. I'm sure they have agreed to repay the amount in manageable chunks over 5-10 years for example.
If we can make it through this year and get back to full funding then we should - within reason - be ok.
This is why I'm a little surprised at them wanting to be spending the full cap etc.
This paints two possible scenarios imo, we either have the funds in place to be able to do this, or Ryan and Mark are taking a bit of a gamble on their projections.
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| TBH I have doubts about whether Omar ever actually put the 900k in to the club. It was always carefully worded that 900k was AVAILABLE to club. If it was actually put in then yesterday's t&a story about Omar getting his million back would have been more like 1.8 million.
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Player Coach | 15047 | Bradford Bulls |
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| Quote mat="mat"TBH I have doubts about whether Omar ever actually put the 900k in to the club. It was always carefully worded that 900k was AVAILABLE to club. If it was actually put in then yesterday's t&a story about Omar getting his million back would have been more like 1.8 million.'"
It was put in defiantly.
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| Given the club have said they're going to pay Omar back £1 million, it's pretty safe to say he put in £900k
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| In comparison to the Caisley and the Hood era yes it is that reduced. and Carvell and Ferguson are better value for money as a specialist prop and an experienced 2nd row, just what the team needs. If we end up with a more balanced slightly larger squad thats not much more expensive, thats a step in the right direction.
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Club Coach | 9554 | Bradford Bulls |
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| Quote roofaldo2="roofaldo2"Given the club have said they're going to pay Omar back £1 million, it's pretty safe to say he put in £900k'"
Don't forget they were talking about Omar spending 840k on club before the 900k extra investment was mentioned. Surely if the full 900k was put in he'd be wanting 1.74m back?. If there only talking 1milion I'm wondering if just enough to cover wages shortfall was put in each month. It could be that the remainder of 900k is still available to club and as it is used the amount to be paid back to OK will rise accordingly.
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| It might help if the club clarified the state of the club's finances, particularly the £900k.
Does it just cover the operating loss for 2013? If so, will there be similar loss in 2014 and how will that be financed?
Or is it meant to cover expected losses for 2013 & 2014? Essentially plugging most of the gap caused loss of the telly money? If that is the case, does that mean that the club has money in the bank in advance of the 2014 season? Or just a promise to pay more into the club if necessary?
A few people I know have said they're nervous about renewing their season tickets just yet. Not sure if the club's finances are hanging by a thread or not.
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Player Coach | 2051 | Bradford Bulls |
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| Pay for season ticket on credit card and then they are covered if they are worried from a worst case scenario
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