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FORUMS > Bradford Bulls > Peter Hood says Bulls on brink of going bust.
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Wouldn't the most obvious way out be to speak to the RFL about the debt we owe them? Why are they making us pay it all back in one go if it bankrupts the club?

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Sad news, a big club, totally mismanaged which has no way of raising the money needed.

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Quote: Nothus "Wouldn't the most obvious way out be to speak to the RFL about the debt we owe them? Why are they making us pay it all back in one go if it bankrupts the club?'"



The RFL were paid back with the sale of Odsal. Why did they want their money back, because they probably have seen the books and did not want to loose it before the bank called time.

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Quote: Roofaldo "loving hell.

That's not the sort of thing you need to see first thing in the morning

As I'm not that knowledgeable when it comes to these things, but can't we just go bust and form a new company? Like London and Crusaders did?'"

Not 100% on this but wasn't it said that any team in SL that went into admin/went bust/liquidiation would lose their Franchise,as I say not 100% on this.

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Quote: bewareshadows "The RFL were paid back with the sale of Odsal. Why did they want their money back, because they probably have seen the books and did not want to loose it before the bank called time.'"


More to this all than meets the eye, mate, I'm sure.

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Quote: bewareshadows "The RFL were paid back with the sale of Odsal. Why did they want their money back, because they probably have seen the books and did not want to loose it before the bank called time.'"


Ok I must have gotten the Odsal sale situation completely wrong then. When all that business was in the papers I was under the impression that THEY had given US a cash injection, which we were paying them back over x years.

Now you're telling me we didn't get a penny from them at all and that it was to repay a previous debt?

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We managed to sell our stadium then still be in desperate need of supporter bail out cash at fax. I remember seeing a good number of Bulls fans down our ground helping out and I hope you find a way out of this. As much as I'd love fax and bulls having regular Derby games in the league, I'd much rather it was super league

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This certainly gave me a shock this morning. Is it possible this is posturing and game-playing with HMRC or other creditors? A bit of brinkmanship perhaps, or is the situation really that bad?

If things really are that bad, the questions relating to how they got that way are almost too many to think about at this point.

For me, inter-club rivalry belongs on the pitch, and at times like this I can only feel for you lot, but also that the people running your club have let the sport as well as the club down. I hope the Bulls are able to pull through this, for the sake of the fans first and the sport second.

Good luck. There's not much more to say.

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This just about puts the lid on it for me! Nothing like leaving it to the last minute! Like a lot of people I'm too angry to say anything else at the moment. The Club needs to open up fully and be honest!

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"Selling Odsal secures our long term financial future"
"We didn't need to sell the ground"
"Whitehead gets new 5 yr deal"
"We need £1m pounds"

All of the above within 2 moths. I am no financial expert, but the above quotes amount to LYING to us fans. Total disgrace. I am livid.

Part with £100, don't talk soft Hood you idiot. I wouldn't lend you my last fag and I don't even smoke.

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Sounds like Mr Hood and co have been selling your fans some right BS for a long time.

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For the attention of anyone whos not bothered to check the official site; I am so p!ssed off this morning, but here is the clubs words direct;

rlhttps://www.bradfordbulls.co.uk/news/5781/QUEST%20FOR%20SURVIVAL%20FAQSrl

BULLS QUEST FOR SURVIVAL


You will all have all seen the "Bulls Quest for Success" this morning but what's it all about?! Here's our FAQ's



So, how does it work?

The club needs to raise £500 000 by 5pm Friday the 6th of April. We need you to pledge to donate towards the Bulls quest for survival.

Do not send us any money at this stage. When we make the £500 000 target you will be required to make payment immediately. You will be able to make your payment via the phone, online, at the ticket office or by cheque.

What if we don't reach our target of £500,000?

We will not ask you for any money.

However.............

We are confident that with the support of yourself and others that this is achievable. Everyone at the club will continue to do everything we can for as long as we can and will leave no stone unturned in securing a future for Bradford Bulls.

We are not only approaching every supporter, staff membersh and players but we are also speaking to all our sponsors and potential investors to help us.

Why are we in this situation?

We have been battling serious financial difficulties for many years and unlike the majority of other Super League clubs we have no wealthy benefactor. Every penny of income comes from the hard work of the team at Odsal and the dedication and unrelenting support of people like you.

However ......

Recent changes to our banking situation has impacted heavily on our immediate cash flow plans.

What about us selling the stadium to the RFL?

The RFL stadium deal only enabled us to address our long term liabilities but could not help us stave off the current cash flow problems we find ourselves in.

So is there any good news?!!

Well Yes actually! If we achieve our targets and get through this short term period of uncertainty the club can move forward debt free and deliver our long term business plan which is sustainable. This is a major feat for any business but particularly in the sports industry where we are were not the only ones experiencing a turbulent environment.

If you have any further questions, please do not hesitate to contact us on

08448 711 490

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^ Please call us on a phone line that will fleece you - ker-ching!!!!!!

Hoodwinked AGAIN! Been saying it for years, and was usually dismissed as being out of order. Seems not however eh?

He has fooled so many of you for too long.

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Since when is the 6th mid-April? It's next week!!

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So what do we get for our £100? Nothing?

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