Indeed, but that doesn't necessarily mean that "The Pledge" is the way to do it.

exactly - "debt free" could mean that once they get the £1m in, they have £30 in the bank. As soon as the money is in to clear those debts, new debts will start to mount up.

And not once has he been able to sort something out... hmm.

Apologies 'Wirefan', I posted this in the wrong subject. I do feel sorry for the general staff and hope that they find new jobs as soon as possible but'as you sow, so shall you reap' '"

Have just got back from Odsal (£150 poorer!) and its heartening to see Stuart Fielden in there answering phones. I know some are still considering the pledge, but please do it. So many people are supporting this in so many ways.
The time to save the club is NOW, the time to sack the board is later.
Come on you Bulls.

Something seriously does not add up here.

If the club is insolvent then the sale of the lease to the RFL may be challenged, unless it was at market value.

If the RFL paid market value (presumably a reasonably substantial amount given that RBS were apparently relying on it for security) then what happened to the cash paid by the RFL?

If the proceeds went to into the club's current account then it would have reduced the overdraft and RBS could hardly have complained (if they did they'd be admitting they overvalued the lease for security purposes).

I suspect there is more going on here than we yet know about.

Not good.

I feel very sorry for Bradford fans and very angry that one of the biggest and most historic clubs in the league has been allowed to get in this situation. The management and the RFL have a lot to answer for. The lack of proper financial controls in the professional game is outrageous.

I was told, by an employee of the club, that a few businessmen sounded out the Board last year about acquiring the club. But all of those deals involved the Bulls moving to VP and a deal being done involving the Council and development of the land. I was of the opinion that the land at Odsal was contaminated and the site had limited development potential, but apparently not. The deal with the RFL was, supposedly, partly intended to prevent this.

It may well be that there wasnt a shred of truth in this. But I absolutely believe that the person who told me this was telling me what he genuinely believed to be the truth. It was what the club was telling him.

Whether any of those businessmen will still be interested in buying the club obviously remains to be seen.

Adey, Duckett was more than a player!!!! Ryan and I studied at the same University College! He first came to the BUlls in 1995/6 on placemnet as part of his degree in media and marketing. he worked closely with Peter Deakin and has worked his way up through the organisation.

He was a decent RU player who doubled up for our college RL team, and was our best player! he played for the bulls second team in the late 90s ealry 2000s as a hobby, not a career! he effectively made up the numbers!

I remember Ryan Duckett was working within the marketing department up at odsal in 1997 as i was on work experience, Ryan along with Stuart Duffy.

The board should agree to step down in the event of the money being raised and a new one elected.
When we went pop prior the beginning of last season, the hand out attempt had failed, but the previous owner had stated he would stand down in the event of the total being reached.
His track record on sticking to his promises was probably the reason few took him up on the deal but should the begging bowl have been filled, i wonder if he would have kept this promise.
My view on what's going on at the Bulls, is that whichever path you go down, there will be problems and bitter pills to swallow, but only one path will guarantee that the people who have run the club so badly for so long will be parted with and this will give you the fresh blood you need to move on.
I personally don't consider administration to be too terrible, your players cannot be forced to leave, Aaron Murphy stayed and money was offered for him from Hudds (watch out for them, by the way!!) and the youngsters worth to the administrators is pretty low, so they are likely to be retained.
I'm sure a deal is out there, and you will emerge a better club for it.
I personally wouldn't entrust a penny of my money to people who have such a poor grasp of the value of it, i didn't when it was us, and i wouldn't if i were a bulls fan.
Good Luck.

We have had one of their business plans before and look how well thats worked.

Er...yes, I know he was. I was making the point none of them held any senior executive role at the club at the time Caisley and Mo did for Keighley and Widnes. Yet 666 was bearing a grudge against them and the club for what Caisley's actions.

In the same was Bennett was not just a fan, he was off down south making a lot of money.