FORUMS > Bradford Bulls > Clubs to vote against a Bradford Newco |
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| Quote: Adeybull "Indeed.
Just as a thought
Please please please be the CVA route.
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| Quote: Adeybull "Indeed.
Just as a thought
Hmmm so if we are bought we will still be Bradford Bulls Holdings Ltd and there wouldnt be a vote? I saw this in the sun too.. Do they get to vote due to the fact we've entered admin?
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| Quote: AdeleMC "Do they get to vote due to the fact we've entered admin?'"
It suggests rlhererl that the clubs do get a vote, but that the vote wouldn't be binding
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| Guess if there was serious consideration being given to reducing the size of SL - then voting to kick out the Bulls now would take some of the pressure off the smaller, less well supported clubs who would have been more at risk if the Bulls had not got themselves into the mess.
Pulls pin and retires to safe distance: like ........................... Please complete with your own choice
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| Quote: AdeleMC "Hmmm so if we are bought we will still be Bradford Bulls Holdings Ltd and there wouldnt be a vote? I saw this in the sun too.. Do they get to vote due to the fact we've entered admin?'"
No idea on the last point, but yes it COULD be the same entity. In practice, if it was me doing it I would try and ringfence the old company by keeping it active as the vehicle for the CVA, but transferring the business undertaking to a new company with a very strong security in favour of the old company to protect the creditors' interests. But that then WOULD be a Newco, in all likelihood.
You could indeed leave the existing company in place, but that would mean finding some way of removing the shareholders who were not in your camp, or inducing them to go. Whether the public damnation for stymying a viable way forward for the club would be enough to help faciltate that, in view of some of the clear hatreds between them, I really would not want to risk a guess!
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| Quote: Northernrelic "Guess if there was serious consideration being given to reducing the size of SL - then voting to kick out the Bulls now would take some of the pressure off the smaller, less well supported clubs who would have been more at risk if the Bulls had not got themselves into the mess.
Pulls pin and retires to safe distance
Any small time club insecure about their own future in SL. I would like to think that any club who has done this in the past would not vote against us (even though the rules have now been changed) as a point of honour. But i doubt it.
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| Quote: hi de hi "Any small time club insecure about their own future in SL. I would like to think that any club who has done this in the past would not vote against us (even though the rules have now been changed) as a point of honour. But i doubt it.'"
Caisley voted against London being re-admitted, IIRC. It would be prudent to assume that Mr Hughes might feel entitled to return the favour?
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| Quote: Adeybull "Indeed.
Just as a thought
Then it would be the same club that in 8/9 months has had huge advances/loans, sold its ground, got its fans to raise 500K, had players selling rings/medals, had directors and shareholders squabbling in the media, gone into administration, sacked loyal coaches and staff, snubbed players etc etc.
It is possible that SL clubs think removing such a club from SL is an appropriate action.
There will also be clubs targeting bulls players and keen not to pay transfer fees and maybe clubs wanting a share of the Sky money.
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| Well Wigan and Warrington chairmen have already said they will vote to keep us in. I bet my left ballsack that Salford, Castleford, London, Wakefield and Hull KR are the 5.
Castleford and Salford have financial problems.
Wakey are taking the p*ss with their stadium.
Hull KR are financially not in the best of places.
We voted London out ages ago (they have gone down bad since then too).
If we go out all them 5 teams will be more secure, they will be thinking about themselves rather than what we could potentially do. If the Bulls become a strong force again we would take 2,000-2,500 to there grounds, basically giving them money.
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| Quote: Bulls Boy 2011 "Well Wigan and Warrington chairmen have already said they will vote to keep us in. I bet my left ballsack that Salford, Castleford, London, Wakefield and Hull KR are the 5.
Castleford and Salford have financial problems.
Wakey are taking the p*ss with their stadium.
Hull KR are financially not in the best of places.
We voted London out ages ago (they have gone down bad since then too).
If we go out all them 5 teams will be more secure,[size they will be thinking about themselves [/sizerather than what we could potentially do. If the Bulls become a strong force again we would take 2,000-2,500 to there grounds, basically giving them money.'"
Wouldnt you do the same? i would.
If all these clubs you stated are in dire straights with their own finances then i suggest this would provide an opportunity to secure a larger slice of the 'Sky Pie'. And give them all a stronger place in the elite division.
I dont think alot of SL 'fans' actually appreciate how much the Sky money does when running a SL club.
Bradford fans may well find out sooner rather than later.
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| I dont think you are correct with the 5 Bulls Boy.
Those clubs in trouble would be daft to vote against wouldnt they knowing they would face the same situation very soon?
Really shouldn`t be up to the clubs - should come down to integrity etc & I still feel Fev, Fax & Barrow (who applied for a Franchise) - do have a Legal case to pursue. if they wanted.
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| Quote: Early Bath "I dont think you are correct with the 5 Bulls Boy.
Those clubs in trouble would be daft to vote against wouldnt they knowing they would face the same situation very soon?
Really shouldn`t be up to the clubs - should come down to integrity etc & I still feel Fev, Fax & Barrow (who applied for a Franchise) - do have a Legal case to pursue. if they wanted.'"
i would suggest that Fax do as we were actually rated on the franchise ladder and got a grade C.
Fev didnt apply and barrow were miles off.
The RFL need to think very carefully, not only in the short term if the Bulls are to survive and run till the end of the season but also in the longterm. what will happen come the off season? and into 2013?
This whole scenario is going to pick afew holes in the RFL's little 'Francise baby' and it will all be done across the nations tabloids.
I for one watch on with anticipation.
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| I'd be happy with 4 points. It's what we and Crusaders had imposed. Provided the new company can show financial stability (i.e., charge the going rate to get in!), then what's the problem?
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| Quote: Bulls Boy 2011 "Well Wigan and Warrington chairmen have already said they will vote to keep us in. I bet my left ballsack that Salford, Castleford, London, Wakefield and Hull KR are the 5.
Castleford and Salford have financial problems.
Wakey are taking the p*ss with their stadium.
Hull KR are financially not in the best of places.
We voted London out ages ago (they have gone down bad since then too).
If we go out all them 5 teams will be more secure, they will be thinking about themselves rather than what we could potentially do. If the Bulls become a strong force again we would take 2,000-2,500 to there grounds, basically giving them money.'"
Don't like your assumption about Wakefield. As for taking the mickey regarding our stadium, if you're not up to date, we have had our PI passed for a new stadium at Newmarket. Don't be in a rush to make assumptions about others.
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| The problem would be Slugger that the new Directors have got into SL for a mere pittance. I feel that the newco should start lower down if RFL has any integrity at all.
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