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mat
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Quote: 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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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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//www.twitter.com/pumpetypump:d7dc4b20b2c2dd7b76ac6eac29d5604e_869.jpg

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Quote: MARKG "What shouldnt be underestimated is the knock on effect, the current good feeling at bradford city, is having at the bulls. When the Bulls were at their pomp 9years or so ago city were going to the wall and therefor the bulls managed to tap into their fanbase, now the boot is firmly on the other foot im sure those forced to making a choice will now be choosing to spend their money on following city rather than the bulls. Sports fans are a fickle bunch, always will be, without the 50 or so percent of hardcore supporters the rest will be there either when it suits financially or when the good times and big games return'"


I'm not sure I agree. We have the odd few that claim to follow both but they are a tiny minority, and in reality we don't have much of a crossover at all.

In Leeds, a city where everyone wants a team with "leeds" to do well (hardly the case in Bradford with your petty egg chasing wendyball bile) even with United spiralling downward, Rhinos only got the odd moron infiltrating the south stand wearing united tops and being cretins. I'd guess statistically of the decrease in United's attendances, virtually 0% went across the city to watch Rhinos win Superleague.

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Whenever you find yourself on the side of the majority, it is time to pause and reflect. Mark Twain Build Bridges NOT Walls:1271.jpg

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Quote: Nothus "
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.
'"


It's important not to forget that next season is actually a P&R season with the bottom club [allegedly]waving ta-ta to super league. It's generally accepted that you have to improve to stand still, so to retain our mid-table spot from last season we need to put more in as, results wise, it's the most important season for years.

Of course, we don't know what is happening elsewhere but it would be very foolish to just assume that some other club(s) are going to drop out. In any case making the eight means we're fireproof for being in the top division, however it's configured...if they ever get round to telling us how it's going to be configured that is - maybe they're leaving that for a little surprise after the season has started.

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Whenever you find yourself on the side of the majority, it is time to pause and reflect. Mark Twain Build Bridges NOT Walls:1271.jpg

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Quote: Pumpetypump "I'm not sure I agree. We have the odd few that claim to follow both but they are a tiny minority, and in reality we don't have much of a crossover at all.

In Leeds, a city where everyone wants a team with "leeds" to do well (hardly the case in Bradford with your petty egg chasing wendyball bile) even with United spiralling downward, Rhinos only got the odd moron infiltrating the south stand wearing united tops and being cretins. I'd guess statistically of the decrease in United's attendances, virtually 0% went across the city to watch Rhinos win Superleague.'"

Given the gusto with which they sing united's songs it rather sounds like the takeover was done and dusted a while back..

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Quote: Cibaman ", 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.'"


You would hope in the season ticket selling time in the run up to Christmas that the club had accumulated cash in the bank and that this would be one of the facts verified by the RFL before giving the new owners the greenlight?

That's part of the excitment of being a Bulls fan at the moment - your are never quite sure what is going to happen

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"If you start listening to the fans it won't be long before you're sitting with them," - Wayne Bennett.:d7dc4b20b2c2dd7b76ac6eac29d5604e_438.jpg

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Obviously the latest shenanigans aren’t going to do season ticket sales much good. Uncertainty never does. Moore and Whitcut could be the best thing to happen to the Bulls but until the business plan is written (it isn’t yet), and it is approved by the RFL and the club starts to get some months to go by without another financial worry surfacing it’s going to be an uncertain and unsettling period.

The new owners need to get that business plan done asap and then we need nice long period where people get paid on time. This uncertainty couldn’t come at a worse time for fans as with no on field Bulls action we just have the off field stuff to concentrate on.

I recommend getting to the world cup if you need a distraction.

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Quote: Bullseye "Obviously the latest shenanigans aren’t going to do season ticket sales much good. Uncertainty never does. Moore and Whitcut could be the best thing to happen to the Bulls but until the business plan is written (it isn’t yet), and it is approved by the RFL and the club starts to get some months to go by without another financial worry surfacing it’s going to be an uncertain and unsettling period.

The new owners need to get that business plan done asap and then we need nice long period where people get paid on time. This uncertainty couldn’t come at a worse time for fans as with no on field Bulls action we just have the off field stuff to concentrate on.

I recommend getting to the world cup if you need a distraction.'"


I must have been asleep - are you saying our new owners have bought the club without a business plan?

S**t!

mat
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Surely it would just be a continuation of business plan OK put in just with new owners?. Don't see why it would be substantially different.

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Quote: mat "Surely it would just be a continuation of business plan OK put in just with new owners?. Don't see why it would be substantially different.'"


OK's business plan would have made assumptions about how much income he could generate from off the field activities. Catering and pop concerts etc. The new owners will have to review those assumptions taking into account actual experience over the past year and also that they don't have OK's catering focus. OK's business plan will also have got some things wrong, since he had no experience of running a RL club. Season ticket sales for example.

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There was a quote in one of the T&A articles about the takeover being discussed for a month prior to the announcement and Mr Whitcut has been involved since Mr Khan took over, so I can't imagine they'll be either ignorant of the plans and what's worked or otherwise. They'll have the benefit of costs and income from the events tried so far which Mr Khan certainly didn't.
It does look like the separation from Mr Khan's day to day involvement is fairly clear though, as the catering is going to be handled internally if the job's available are any indication. rlhttps://www.bradfordbulls.co.uk/news__video/article/8628/job-vacanciesrl

mat
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Quote: childofthenorthern "There was a quote in one of the T&A articles about the takeover being discussed for a month prior to the announcement and Mr Whitcut has been involved since Mr Khan took over, so I can't imagine they'll be either ignorant of the plans and what's worked or otherwise. They'll have the benefit of costs and income from the events tried so far which Mr Khan certainly didn't.
It does look like the separation from Mr Khan's day to day involvement is fairly clear though, as the catering is going to be handled internally if the job's available are any indication. rlhttps://www.bradfordbulls.co.uk/news__video/article/8628/job-vacanciesrl'"


That's the bit that strikes me as strange. Assuming they were planning takeover for a month before it was announced surely first item on agenda would be a business plan. And yet six weeks later they still haven't submitted it to RFL. Did guy who took over wakefield from glover have to submit a business plan? Presumably he did and got it cleared before it was even announced he was taking over.

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[quote="dally messenger":1gysl9ow]was watching an nfl doco. on one of their teams and they used the term bomb to describe those long high passes from quaterback to running back and i think gibson took that idea, realized you cant throw the ball forward in RL and adapted it to a "bomb" kick we have[/quote:1gysl9ow] [quote="eels fan":1gysl9ow]You poor poor obsessed fat ex vichyballin potato thieving stoaway.[/quote:1gysl9ow]:d7dc4b20b2c2dd7b76ac6eac29d5604e_6679.png



Quote: Cibaman "If so, will there be similar loss in 2014 and how will that be financed?'"

Rick Astley and Belinda Carlisle apparently k020.gif

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Quote: mat "That's the bit that strikes me as strange. Assuming they were planning takeover for a month before it was announced surely first item on agenda would be a business plan. And yet six weeks later they still haven't submitted it to RFL. Did guy who took over wakefield from glover have to submit a business plan? Presumably he did and got it cleared before it was even announced he was taking over.'"


Do we actually know they haven't submitted it or just that it hasn't been considered by the RFL?

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