| FORUMS > Bradford Bulls > Administration 3 - now in technicolour |
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| Rank | Posts | Team |
| Player Coach | 7106 | |
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| Dec 2007 | 17 years | |
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| Nov 2024 | Nov 2024 | LINK |
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nosorożce biorą to w dupę:d7dc4b20b2c2dd7b76ac6eac29d5604e_36131.jpg |
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| Quote: j.c "The administrators say they turned down the last bid for the club does that mean they didn't consult those that are owed money (creditors? )'"
Creditors meetings are a formality and most don't even turn up for it.
More likely it wasn't enough to cover the administrators fee, costs and disbursements. |
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| Rank | Posts | Team |
| Player Coach | 7106 | |
| Joined | Service | Reputation |
| Dec 2007 | 17 years | |
| Online | Last Post | Last Page |
| Nov 2024 | Nov 2024 | LINK |
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nosorożce biorą to w dupę:d7dc4b20b2c2dd7b76ac6eac29d5604e_36131.jpg |
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| Quote: Highlander "Some of the office staff have found themselves new jobs I think. And it would be remiss of the agents of the players if they didn't have Plan B options lined up, as best they could'"
People not getting paid is no joke. At this time of year I feel sick thinking about it.
The office staff do right getting out of there. The players are stuck unless they can get another club at this time of year. I think we are in the end game now as the club can't operate if the players aren't paid. |
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| Rank | Posts | Team |
| Club Coach | 4000 | |
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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: mystic eddie "This guy comes across as a right bellend TBH.
(The admin guy, not vbfg for the avoidance of any doubt ![]()
The latest deal was knocked because it didn't include a new suit for Stuart Duffy 
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| Rank | Posts | Team |
| Player Coach | 993 | |
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| Apr 2009 | 16 years | |
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| Apr 2022 | Apr 2022 | LINK |
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No Pain No Gain:d7dc4b20b2c2dd7b76ac6eac29d5604e_45148.jpg |
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| Pet-Tit is getting his cash so why not drag it out longer, new year bonus  |
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| Rank | Posts | Team |
| Player Coach | 15035 | |
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| Feb 2006 | 19 years | |
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[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 |
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| Quote: zapperbull "Pet-Tit is getting his cash so why not drag it out longer, new year bonus ![]()
How is he getting his cash seen this trotted loads of times lately.
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| Rank | Posts | Team |
| International Star | 6903 |  |
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| Feb 2015 | 10 years | |
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| Oct 2024 | Sep 2024 | LINK |
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[img:v6cgff03]http://s26.postimg.org/9xie34xyh/leigh1.png[/img:v6cgff03]:d7dc4b20b2c2dd7b76ac6eac29d5604e_73643.jpeg |
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| Quote: j.c "The administrators say they turned down the last bid for the club does that mean they didn't consult those that are owed money (creditors? )'"
The main creditor would have the say,would they not? |
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| International Star | 122 | No
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| Sep 2011 | 13 years | |
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| Mar 2017 | Feb 2017 | LINK |
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Highlander wrote:
Some of the office staff have found themselves new jobs I think. And it would be remiss of the agents of the players if they didn't have Plan B options lined up, as best they could
And not just back office staff either, some of the main people going to other clubs now!!
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| Rank | Posts | Team |
| Club Coach | 9154 | No
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| Mar 2005 | 20 years | |
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| Nov 2024 | Nov 2024 | LINK |
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| Quote: Maccbull_BigBullyBooaza "Creditors meetings are a formality and most don't even turn up for it.
More likely it wasn't enough to cover the administrators fee, costs and disbursements.'"
This is very close to the truth from what I heard re the first bid. |
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| Rank | Posts | Team |
| Club Coach | 4000 | |
| Joined | Service | Reputation |
| Mar 2005 | 20 years | |
| Online | Last Post | Last Page |
| 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: Bully_Boxer "This is very close to the truth from what I heard re the first bid.'"
If that is the case they were not very fiscally clued up, so perhaps the Club dodged a bullet!
This is becoming a saga of Star Wars proportions
Perhaps next Tuesday should be titled A New Hope! |
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| Rank | Posts | Team |
| Player Coach | 7106 | |
| Joined | Service | Reputation |
| Dec 2007 | 17 years | |
| Online | Last Post | Last Page |
| Nov 2024 | Nov 2024 | LINK |
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nosorożce biorą to w dupę:d7dc4b20b2c2dd7b76ac6eac29d5604e_36131.jpg |
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| Quote: zapperbull "Pet-Tit is getting his cash so why not drag it out longer, new year bonus ![]()
I don't think it works like that. Administrator gets a set fee that's already been agreed. Then they add on costs and disbursements. If they continue to go up it makes it harder to sell. Meaning it's in everyone's interests to get it sorted sooner rather than later.
Once the administrator has an offer that at the very least covers their fee and costs it goes to creditors meeting. Most don't bother turning up as when it gets to that point it's done and dusted near enough. The administrator says we've been offered X amount, my fee is this much and costs etc are in the region of Y. Creditors then get what's left. Usually very little but it's the best you're going to get so that's you shafted (by Green not the new owners they didn't run up the debt).
Then it's sold and all wrapped up.
In the last two admins the amount the club was sold for was enough to pay the administrator and no more.
Tbh if you are any good at business you don't want to be paying anymore than that.
Wages being owed now have ramped it up a bit. But remember the first one. The club could continue to trade with staff not being paid. The issue is that they can't gain membership of RFL without players being paid and there isn't going to be enough cash coming in to allow the administrator to do that. I get the feeling it's going to be resolved one way or the other fairly shortly. Certainly within the next week or two as the season starts in Feb and without a place in the league this year the business isn't a going concern.
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| Rank | Posts | Team |
| Club Coach | 4526 | |
| Joined | Service | Reputation |
| Mar 2005 | 20 years | |
| Online | Last Post | Last Page |
| Oct 2024 | Oct 2024 | LINK |
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As neither Admin or RFL have stepped in to cover salaries seem to point to it being 'Thank you and Goodnight'
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| 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 |
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36131_1571835935.jpg
nosorożce biorą to w dupę:d7dc4b20b2c2dd7b76ac6eac29d5604e_36131.jpg |
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| Quote: rugbyreddog "As neither Admin or RFL have stepped in to cover salaries seem to point to it being 'Thank you and Goodnight''"
Neither can step in and pay salaries. Admin certainly can't pay any money into it. I'd guess it would be illegal for RFL to do so as all clubs have entered into a contract as to how much central funding they can receive.
I remember the last administration when the rumour went round that RFL had paid salaries. Omar Khan's high court case proved that runour was .
Last month's wages probably came out of season ticket money. |
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| Rank | Posts | Team |
| Club Captain | 1223 | |
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| Apr 2016 | 9 years | |
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| Nov 2024 | Nov 2024 | LINK |
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Lamb's crystal ball seems to be on the wonk
@TheGameCaller @BullsBULLieve @BullsTrust @Bradford_TandA Whatever happens next week the club will be stronger in 2017. Happy New Year.
Can I have some of that optimism please?
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| Rank | Posts | Team |
| International Star | 3213 | |
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| Sep 2012 | 12 years | |
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| Oct 2023 | Aug 2021 | LINK |
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| Quote: Scarey71 "Lamb's crystal ball seems to be on the wonk
@TheGameCaller @BullsBULLieve @BullsTrust @Bradford_TandA Whatever happens next week the club will be stronger in 2017. Happy New Year.
Can I have some of that optimism please?'"
Sure, just go down to Rooley Lane Morrisons and head to the alcohol aisle and help yourself to as many bottles/cans as you can carry then proceed to drink until you feel optimistic |
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| Rank | Posts | Team |
| Player Coach | 437 | No
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| Jan 2010 | 15 years | |
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| Oct 2019 | Oct 2019 | LINK |
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The more he talked of his honour,the faster we counted our spoons.: |
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So Chalmers and Graham Lowe weren't up to scratch?
Lord give me strength.
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