For those that are continuing to talk about leases and so on that the RFL supposedly own...

According to a quote from a local councillor in this article the land was signed over to the RFL by Bradford council. I'm not sure where you are getting your information from that they only own the lease.
[urlhttp://www.thetelegraphandargus.co.uk/news/9615800.Politicians_call_for_talks_with_struggling_Bradford_Bulls_over_cash_crisis/[/url

Well it would be wouldn't it



I think you protesteth to load, so I reckon I'm on the right lines.

VAT aside, only profits get taxed.

I suspect that's a local councillor paraphrasing a situation rather badly.

The council, as owners of the freehold, allowed the lease on the land to be signed over from the Bulls to the RFL - at least that's my understanding.

So the council own the freehold, the RFL own the leasehold and the Bulls are their tenants.

I know that but it is still taxable income to be offset against expenditure.

Are ' donations ' vatable ?

but bradford are running at a loss, aren't they? Corporation tax won't come into it.

Some one ealier said no. I couldn't say for sure but would reckon not.

I certainly hope that Bradford recover from this and continue in the League.

However I can't help but feel that the RFL have known far more than is being let on. In January they suddenly become the leaseholder and the Bulls their tenant. Then the monies owed to them are expected to be repaid as Bradford people indicate this was not their expectation. So while Bradford are in a financial pickle (one of liquidity rather than anything else) the RFL appear to have done a smart bit of business and safeguarded their resources before the till was closed. Also not a lot left for the others to pick over. Meanwhile if the Bulls did go under the lease with the Council is unaffected as this now sits with the RFL. RFL is likely to be more sympathetic to a reconstructed club ensuring a location is available for the future. You'd almost think that might have been the plan.

Anyway good luck to those seeking to raise the money.

Having just listened to the start of boots an all I cannot believe what has been said! The Bradford chief exec is on saying that we want Bradford fans to dig deep and help the club( they already buy shirts lottery ,season tickets) they need them to donate £ 500,000 to keep the club going (possibly) as they really need a million! Bit he doesn't expect players to take a pay cut ? We then go back to the studio and phil says" the chief exec is doing a really good job" what? And all the fans should dig deep and help .... Now I must be missing something here but it sucks , basically they want the fans to tip up more money , they will still get there money directors staff et al . And they know the fans will try their best to keep it going , but surely it's like a hammer to crack a nut what happens in 6 months ? Cap in hand again ?

Being that bradford are now in such a financially perilous state, would/should it be prudent for the rfl to now with hold the monies it gives out to this club until such a time it sorts its problems out?