FORUMS > Bradford Bulls > Peter Hood says Bulls on brink of going bust. |
|
|
Rank | Posts | Team |
Player Coach | 15035 | |
Joined | Service | Reputation |
Feb 2006 | 19 years | |
Online | Last Post | Last Page |
Nov 2024 | Aug 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
21910.gif [u:b26ka63j][size=150:b26ka63j][color=black:b26ka63j][b:b26ka63j]I can accept failure, but I can't accept not trying.
[/b:b26ka63j][/color:b26ka63j][/size:b26ka63j][/u:b26ka63j]
[size=117:b26ka63j]Michael Jordan[/size:b26ka63j]:21910.gif |
|
| The thing which is pi$$ing me off the most is not one member of the board are willing to put their hand and say we messed up. It's all blame this blame that the radio interview was even more annoying all it was lets put a guilt trip on the fans.
|
|
|
|
Rank | Posts | Team |
International Chairman | 16239 | No Team Selected |
Joined | Service | Reputation |
Apr 2002 | 23 years | |
Online | Last Post | Last Page |
Sep 2024 | Oct 2012 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
1776_1294872033.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_1776.jpg |
|
| Quote: Maccbull_BigBullyBooaza "The problem with administration is that they have to somehow get a team to Widnes on Easter Monday and put a game on against the Giants two weeks after.
If all the suppliers get letters from the administrator saying they aren't getting a penny from the club and have to apply to get whatever they can get back I can't see that being possible. Is that coach going to turn up on the Monday for example? Or are the police going to provide the neccessary officers at the ground on the following Sunday? Are the company that provide the stewards going to stand by the club?
If the club can't fulfill their fixtures the RFL will be forced to boot them out and then it's not a viable business.'"
Plenty of RL and football clubs have managed it in similar situations over the years.
|
|
|
|
Rank | Posts | Team |
Club Coach | 9154 | No Team Selected |
Joined | Service | Reputation |
Mar 2005 | 20 years | |
Online | Last Post | Last Page |
Nov 2024 | Nov 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
13462.gif :13462.gif |
|
| Quote: redeverready "How sure are we it's going to save the club. We've been misled before so whats different now.'"
I suspect I won't be sure. I'd be willing to throw £100 in to be honest despite how angry I feel right now. If I had complete faith in the people running the club I'd probably throw a bit more money their way.
I've been genuinely moved by the efforts of our own players past and present to raise money for the club. Players inc Whitehead, Bateman, Ainy and Chev are all auctioning things on eBay as we speak.
I'm going to back the pledge, to what value I shall have to give some thought about in the next couple of days.
|
|
|
|
Rank | Posts | Team |
International Star | 102 | No Team Selected |
Joined | Service | Reputation |
Nov 2010 | 14 years | |
Online | Last Post | Last Page |
Sep 2019 | Aug 2018 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
53431_1327927580.jpg "I came for the rugby, I stayed for the people"
[i:100wknxt]R. Paul[/i:100wknxt]:d7dc4b20b2c2dd7b76ac6eac29d5604e_53431.jpg |
|
| Quote: Maccbull_BigBullyBooaza "The problem with administration is that they have to somehow get a team to Widnes on Easter Monday and put a game on against the Giants two weeks after.
If all the suppliers get letters from the administrator saying they aren't getting a penny from the club and have to apply to get whatever they can get back I can't see that being possible. Is that coach going to turn up on the Monday for example? Or are the police going to provide the neccessary officers at the ground on the following Sunday? Are the company that provide the stewards going to stand by the club?
If the club can't fulfill their fixtures the RFL will be forced to boot them out and then it's not a viable business.'"
Exactly!
Our situation is vastly different to the one wakefield faced! Aministration is simply not an option, it isn't viable for us and if it happens the bulls as we know them will cease to exist! We are dealing with a short term cash flow issue, and once we resolve this we are clear of ALL DEBT! And are said to have a viable business plan to go into motion. In contrast to Wakefield, I see administration doing far more damage to our club than good! We need to act to save the club!
The support from the greater rugby league community as a whole has been overwhelming, but I'm sick of people suggesting giving up on the situation and accepting administration is the best option... thanks for the advice, but we will do our best to save our beloved bulls!
|
|
|
|
|
Rank | Posts | Team |
Player Coach | 4259 | |
Joined | Service | Reputation |
May 2007 | 17 years | |
Online | Last Post | Last Page |
Jan 2020 | Feb 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
33791.jpg [b:1swa1vwo]Change is inevitable
...except from a vending machine![/b:1swa1vwo]
[quote="BillyRhino":1swa1vwo]So in best IA mode ..<.Possibley World Class, could be the greatest thing since sliced bread....am personally very excited, and confidently expect him to prove my predictions are bang on target.... Alternatively he could be rubbish>
IA mode off. [/quote:1swa1vwo]:33791.jpg |
|
| Quote: Maccbull_BigBullyBooaza "The problem with administration is that they have to somehow get a team to Widnes on Easter Monday and put a game on against the Giants two weeks after.
If all the suppliers get letters from the administrator saying they aren't getting a penny from the club and have to apply to get whatever they can get back I can't see that being possible. Is that coach going to turn up on the Monday for example? Or are the police going to provide the neccessary officers at the ground on the following Sunday? Are the company that provide the stewards going to stand by the club?
If the club can't fulfill their fixtures the RFL will be forced to boot them out and then it's not a viable business.'"
The administrators job is to try and rescue the company and I really can't see the RFL's favoured administrator, O'Hara's, who handled Wakefield's and Crusaders administration, letting this happen. The RFL will rightly most probably step in and tell O'Hara that they will cover the costs of supporting the team in the short term, paying the players and coach, while O'Hara looks for a buyer for the business as a going concern. The thing is, as exactly happened at Wakefield, no-one is going to step in until the club goes in administration because they are not going to burden themselves with the existing debt. Also, with the image rights issue with HMRC seemingly still not fully resolved them you also have a unknown future tax liability that could be a reasonably significant sum of money.
The RFL will support the Bulls in the short term, just as they did at the end of the season with the Crusaders players but even they are not stupid enough to put any money into a failing management for nothing or no guarantee. They have already bought the lease for Odsal, probably knowing this was coming, so you have a ground for a 'new' phoenix club to play, to aid a pre-pack company to emerge under a new owner.
Is it a risk going into administration, yes, of course and you will lose 4 points, lose players in fire sale but I suspect under new ownership you could not only rebuild but thrive in the long term... you need look no further than Wakefield who have shown under dynamic new ownership, that you can run a sustainable business once the burden of that debt is gone!
Be careful what you all wish for...
|
|
|
|
Rank | Posts | Team |
Player Coach | 7106 | |
Joined | Service | Reputation |
Dec 2007 | 17 years | |
Online | Last Post | Last Page |
Nov 2024 | Nov 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
36131_1571835935.jpg nosorożce biorą to w dupę:d7dc4b20b2c2dd7b76ac6eac29d5604e_36131.jpg |
|
| Quote: Asim "Plenty of RL and football clubs have managed it in similar situations over the years.'"
I know but where has the money come from to carry on trading? The administrator hasn't got any. Someone's paid out of there own pocket to keep suppliers happy. For example when connaught went into admin the workers had to pay out of their own pockets to fill up the vans (whilst not getting any wages).
I'm sure the staff and players would continue to play and work for free because they don't get paid by the administrator but would the shreholders be prepared or have enough to stick that cash in that they won't get back?
We don't know any of this. I personally decided to take the appeal as genuine.
|
|
|
|
|
Rank | Posts | Team |
Player Coach | 5507 | No Team Selected |
Joined | Service | Reputation |
Jul 2005 | 19 years | |
Online | Last Post | Last Page |
Nov 2017 | Nov 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
16551_1431692096.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_16551.jpg |
|
| Raising 500k before next week will be almost impossible. Then you have to do it all again. Even if it can could the board be believed with the claim that sum will sort the problem? They said just a couple of months ago that the finances were secure after the ground sale. Why should they be trusted? If they are wrong this time then there will be nowhere to go. The players will have already sold their shirts, the fundraising bled dry and the pledges gone. People will have nothing left to give. Can you trust the same people that got you into his mess to get you out of it because i'm not sure i would. But give them the money rather than your trust and it is a big risk.
|
|
|
|
Rank | Posts | Team |
Player Coach | 4259 | |
Joined | Service | Reputation |
May 2007 | 17 years | |
Online | Last Post | Last Page |
Jan 2020 | Feb 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
33791.jpg [b:1swa1vwo]Change is inevitable
...except from a vending machine![/b:1swa1vwo]
[quote="BillyRhino":1swa1vwo]So in best IA mode ..<.Possibley World Class, could be the greatest thing since sliced bread....am personally very excited, and confidently expect him to prove my predictions are bang on target.... Alternatively he could be rubbish>
IA mode off. [/quote:1swa1vwo]:33791.jpg |
|
| Quote: NorthumbriaBull "Exactly!
Our situation is vastly different to the one wakefield faced! Aministration is simply not an option, it isn't viable for us and if it happens the bulls as we know them will cease to exist! We are dealing with a short term cash flow issue, and once we resolve this we are clear of ALL DEBT! And are said to have a viable business plan to go into motion. In contrast to Wakefield, I see administration doing far more damage to our club than good! We need to act to save the club!
The support from the greater rugby league community as a whole has been overwhelming, but I'm sick of people suggesting giving up on the situation and accepting administration is the best option... thanks for the advice, but we will do our best to save our beloved bulls!'"
No it's not... it is almost exactly the same... and I was accidentally in a front row seat during Wakefield's administration and take-over by Andrew Glover, so I do have more of an insight than most!
In fact, I remember Ted Richardson standing in front of a room full of very passionate Trinity supporter and saying pretty much exactly what you have posted above... strange that!
Finally, it saving the Bulls I am most interested in too despite them not being 'my' club... and I do have a track record to back me up!
|
|
|
|
|
Rank | Posts | Team |
Player Coach | 7106 | |
Joined | Service | Reputation |
Dec 2007 | 17 years | |
Online | Last Post | Last Page |
Nov 2024 | Nov 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
36131_1571835935.jpg nosorożce biorą to w dupę:d7dc4b20b2c2dd7b76ac6eac29d5604e_36131.jpg |
|
| Quote: Inflatable_Armadillo "The administrators job is to try and rescue the company and I really can't see the RFL's favoured administrator, O'Hara's, who handled Wakefield's and Crusaders administration, letting this happen. The RFL will rightly most probably step in and tell O'Hara that they will cover the costs of supporting the team in the short term, paying the players and coach, while O'Hara looks for a buyer for the business as a going concern. The thing is, as exactly happened at Wakefield, no-one is going to step in until the club goes in administration because they are not going to burden themselves with the existing debt. Also, with the image rights issue with HMRC seemingly still not fully resolved them you also have a unknown future tax liability that could be a reasonably significant sum of money.
The RFL will support the Bulls in the short term, just as they did at the end of the season with the Crusaders players but even they are not stupid enough to put any money into a failing management for nothing or no guarantee. They have already bought the lease for Odsal, probably knowing this was coming, so you have a ground for a 'new' phoenix club to play, to aid a pre-pack company to emerge under a new owner.
Is it a risk going into administration, yes, of course and you will lose 4 points, lose players in fire sale but I suspect under new ownership you could not only rebuild but thrive in the long term... you need look no further than Wakefield who have shown under dynamic new ownership, that you can run a sustainable business once the burden of that debt is gone!
Be careful what you all wish for...'"
So you know for a fact that the RFL will stump up the costs to put these games on while the club's in administration?
|
|
|
|
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 |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
54218_1349939535.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_54218.jpg |
|
| Quote: Jonesy's a Legend "can i just say that i come here in peace and am in no way enjoying the predicament that your great club is in at the moment,i sincerely hope that there is a way back for you as sl would be a worse place without you
I have often been accused of being nothing more than a troll on here due to my negative posts,but i was merely trying to convey the information that i was told in confidence to you in order that you could seek the relevant answers at your fans forum evenings
I have just posted this on southstander
and as a neighbour down the allotment thats a Hudds fan has pointed out: wheres the Leeds new stand, and where will the £ 2m parachute that Leeds will need to repay to the RU when they do not get immediate promotion come from? Paul "the construction business is up the Sh@t" Caddick"? Seems like our payments for the has been Harris have kept Leeds afloat this last couple of years, so less lip dickseys a leg end, we have been subsidising you.
|
|
|
|
Rank | Posts | Team |
Player Coach | 4259 | |
Joined | Service | Reputation |
May 2007 | 17 years | |
Online | Last Post | Last Page |
Jan 2020 | Feb 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
33791.jpg [b:1swa1vwo]Change is inevitable
...except from a vending machine![/b:1swa1vwo]
[quote="BillyRhino":1swa1vwo]So in best IA mode ..<.Possibley World Class, could be the greatest thing since sliced bread....am personally very excited, and confidently expect him to prove my predictions are bang on target.... Alternatively he could be rubbish>
IA mode off. [/quote:1swa1vwo]:33791.jpg |
|
| Quote: Maccbull_BigBullyBooaza "So you know for a fact that the RFL will stump up the costs to put these games on while the club's in administration?'"
Of course not but I am more certain of that than anything else... do you know for a fact if you all give your £100 and reach the target that it will actual save the club for the long term? When you have bailed out the current management from the debt they have run up by poor management of your club, you are still left with the same management! How do you remove them once you have bailed them out, if that is what actual happens and in actual fact you are back to square 1 in six months and £100 worse off?
|
|
|
|
Rank | Posts | Team |
Player Coach | 7106 | |
Joined | Service | Reputation |
Dec 2007 | 17 years | |
Online | Last Post | Last Page |
Nov 2024 | Nov 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
36131_1571835935.jpg nosorożce biorą to w dupę:d7dc4b20b2c2dd7b76ac6eac29d5604e_36131.jpg |
|
| Quote: Inflatable_Armadillo "Of course not but I am more certain of that than anything else... do you know for a fact if you all give your £100 and reach the target that it will actual save the club for the long term? When you have bailed out the current management from the debt they have run up by poor management of your club, you are still left with the same management! How do you remove them once you have bailed them out, if that is what actual happens and in actual fact you are back to square 1 in six months and £100 worse off?'"
I'm not confident they would we've already had the best part of 2 million quid in cash readies off them in the last few months (a 700k loan and 1.2 million to buy the ground to help us pay that back) although there's a return in it for them on a large part of that.
The club could end up in administration at some point I'm not mystic meg so can't say whether they willl or they won't nothings certain. It's just with the limited information I have the best thing to do in my opinion is try and get this cash raised.
|
|
|
|
Rank | Posts | Team |
Player Coach | 329 | No Team Selected |
Joined | Service | Reputation |
Jun 2007 | 17 years | |
Online | Last Post | Last Page |
Dec 2019 | Dec 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| I don't post on here very often but read all the time. Felt compelled to write something today.
I read the news on my half hour lunch break and didn't really have time to take it all in. It was confusing given all we were told by Hood at the time of the Odsal sale about finances being ok and it being to secure the long term future of the club etc.
I've spent the last 3 hours reading this thread, twitter, facebook, news articles to try and find something to help me make my mind up as to whether or not to pledge.
I'm angry at the current board and the mess they have allowed to happen. I don't like to think that they are going to be responsible for what happens to my pledge money. I also don't like not knowing precisely where it is going, what it is for and what happens next.
However I keep coming back to the fact that I've now being going to watch the Bulls for 15 years and they've given me some absolutely awesome memories. Epic victories, agonising defeats, great days out (my family being followed for the day by the BBC cameras when we went to Murrayfield the year it flooded).I spend most of my lunch times at work either reading the forums or League Express and within my family we have 4 season tickets and all go to the matches together. How can I take the chance that this could all end?
The messages from fans from other clubs and seeing how much it means to the Bulls players on twitter (especially Chev Walker who said to one fan that he doesnt play rugby for the money but because he loves the game so much and the cash is just a bonus. I've been guilty of slating Chev in some matches this year for his performances but not anymore).
I'll be paying £100. My girlfriend won't be happy, and I could probably put the money towards something closer to home (we're renovating our house and have tons to do) but I don't think I could live with myself if it all went belly up and I hadn't tried.
Respect to everyone's personal circumstances and views on the matter.
There is no right or wrong answer.
Its a mess and one every Bulls fan could do without, especially as it has recently looked like we are finally turning the corner. I think that's what is making it harder. I said to my dad and brother after the Hull KR game that it seemed like an eternity I'd felt like that at a Bulls game.
I hope it isn't as long for the next time.
As I type this there is a big piece on Calendar on ITV. Robbie Paul encouraging people to pledge. That's the final piece of encouragement I needed.....
.......and just after typing that my girlfriend walked in from work, I told her the news and she isn't mad and has encouraged me to do it! COME ON YOU BULLS!
|
|
|
|
Rank | Posts | Team |
Player Coach | 1008 | No Team Selected |
Joined | Service | Reputation |
Jan 2006 | 19 years | |
Online | Last Post | Last Page |
May 2015 | Sep 2014 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
20201.jpg "I'm 49, I've had a brain haemorrhage and a triple bypass and I could still go out and play a reasonable game of rugby union. But I wouldn't last 30 seconds in rugby league." - Graham Lowe (1995):20201.jpg |
|
| Quote: debaser "I thought long and hard before pledging today. Loathe as I am to give £200 to the fools who seem to be intent on running our great club into the ground, ultimately this is what made me do it
I just wanted to reply to your points. I understand you passion entirely and respect it and those of others who have pledged, but I cannot and will not go down that route myself.
1) There is no reason to expect this will happen, the threat of this is being used to blackmail us out of money without even the option of a share issue thereby allowing new capital and potentially a change in ownership structure. You are dealing with a professional salesman and fear sells - I am not buying the security they represent which has proven to be worthless.
2) Agree - great support. Time to use that to make things change and bring about a real solution, not the pretense of one where the same incompetents stay in power.
3) We've already seen that in the past - they're proven capable of selling our greatest talent and will do so again if the price is right or when they need to pay off the remaining overdraft again.
4) Perhaps we should have been paying those prices instead of relying on Mr Bennett's pledge gimmicks. But a good salesman can fool people again and again - even the term 'pledge' carries emotional weight, they know exactly what strings to pull and they're doing it again and again, whilst the due diligence of checking whether selling your only material asset will impact your banking arrangements was neglected, leaving us in the position of requiring a new pledge.
5) No intention amongst those who think there's another way out of this to see the club die. Instead of just giving money to people who by their own admission have brought the club to death's door, perhaps we should be putting it together to save it [ifrom[/i them.
We are all passionate about the Bulls future, but paying to have the people who have humbled the club and stripped it of pride and dignity continue in that role without even the prospect of having a stake in turning that around is a ridiculous proposition, but their guilt trip and careful attention to marketing seems to be working.
We shouldn't rant and rave we should begin the process of taking back the club.
|
|
|
|
Rank | Posts | Team |
Player Coach | 4259 | |
Joined | Service | Reputation |
May 2007 | 17 years | |
Online | Last Post | Last Page |
Jan 2020 | Feb 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
33791.jpg [b:1swa1vwo]Change is inevitable
...except from a vending machine![/b:1swa1vwo]
[quote="BillyRhino":1swa1vwo]So in best IA mode ..<.Possibley World Class, could be the greatest thing since sliced bread....am personally very excited, and confidently expect him to prove my predictions are bang on target.... Alternatively he could be rubbish>
IA mode off. [/quote:1swa1vwo]:33791.jpg |
|
| Quote: Maccbull_BigBullyBooaza "I'm not confident they would we've already had the best part of 2 million quid in cash readies off them in the last few months (a 700k loan and 1.2 million to buy the ground to help us pay that back) although there's a return in it for them on a large part of that.
The club could end up in administration at some point I'm not mystic meg so can't say whether they willl or they won't nothings certain. It's just with the limited information I have the best thing to do in my opinion is try and get this cash raised.'"
Look, my last word on this is to read what TRB & Sandal Cat have posted on this thread on the Wakey board - rlhttp://forums.rlfans.com/viewtopic.php?f
I know these two gentlemen now very well through my involvement on Newmarket and call them both friends. As such, I was inadvertently in a front row seat when they and many other passionate Wakey supporters were asking themselves exactly the same questions as you are now. If I were you I would heed their advice... they speak with heart and experience!
|
|
|
|
|
|