FORUMS > The Virtual Terrace > Bulls under new ownership |
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18686.jpg Heath, Wilson, Callaghan, Thatcher, Major, Blair, Brown, Cameron, May & BORIS (W.T.F.)
It's Johnson!:18686.jpg |
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| Jeez, anybody with a modicum of intelligence knew that Bradford would be saved.
All the media articles, Sky debates, good luck messages from other clubs supporters & the nihilistic predictions from Bradford’s “long suffering” supporters – Aghhhh.
Finally the little caveat as to whether they will be S.L next season.
[sizePlease make it stop - of course they will![/size
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8762_1295775855.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_8762.jpg |
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| Quote: Adeybull "rlFirst official confirmation of how Bulls' new owners have been punished and the club Hamstrung financially for the sins of the previous owners.rl'"
Or, alternatively, a measure to ensure that a club does not gain an unfair advantage by wiping off its debt ? Seems to me that the amount taken from the Bulls roughly equates to the amount of debt written off. You say the Bulls' new owners are being punished but, equally, why should they be allowed to gain an unfair advantage ? This seems to balance things out.
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6505_1460484023.jpg [i:10za56ci]Hold on to me baby, his bony hands will do you no harm
It said in the cards, we lost our souls to the Nameless One[/i:10za56ci]:d7dc4b20b2c2dd7b76ac6eac29d5604e_6505.jpg |
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| Quote: Adeybull "rlFirst official confirmation of how Bulls' new owners have been punished and the club Hamstrung financially for the sins of the previous owners.rl'"
If the cash withheld equates to the amount advanced to the administrator then the new owners have benefited by inheriting a largely intact squad, which would most likely not have been the case had those monies not been advanced. Seems fair enough to me.
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Rank | Posts | Team |
Player Coach | 3828 | ![](images/sitelogos/forumcells/144.gif) |
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Oct 2005 | 19 years | |
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18686.jpg Heath, Wilson, Callaghan, Thatcher, Major, Blair, Brown, Cameron, May & BORIS (W.T.F.)
It's Johnson!:18686.jpg |
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| Quote: Adeybull "rlFirst official confirmation of how Bulls' new owners have been punished and the club Hamstrung financially for the sins of the previous owners.rl'"
That article is all a bit flaky though.
OK, it mentions to £240k to the administrator, but also talks of a sizable chunk, don’t get me wrong that’s a fair few quid, but over two years is not big money in the scheme of things.
So, where has/is the cash the cash gone/going?
Putting my cynical hat on I would guess at the lease buy back, so come the next licence everything is hunky-dory.
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| Quote: Derwent "Or, alternatively, a measure to ensure that a club does not gain an unfair advantage by wiping off its debt ? Seems to me that the amount taken from the Bulls roughly equates to the amount of debt written off. You say the Bulls' new owners are being punished but, equally, why should they be allowed to gain an unfair advantage ? This seems to balance things out.'"
whats more interesting is whats going to happen to the withheld funding. If its used to pay the creditors or goes into central rfl coffers then fair enough. If its given to the other SL clubs as extra funding then thats another matter. Could do with RFL clarifying situation.
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Club Coach | 2874 | No Team Selected |
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Feb 2004 | 20 years | |
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8762_1295775855.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_8762.jpg |
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| Quote: mat "whats more interesting is whats going to happen to the withheld funding. If its used to pay the creditors or goes into central rfl coffers then fair enough. If its given to the other SL clubs as extra funding then thats another matter. Could do with RFL clarifying situation.'"
I agree with the sentiment but the cold hard fact of the matter is that SLE can vote to distribute its revenue in whatever way it sees fit. The Sky money belongs to SLE not the RFL so if there was a majority vote by SLE shareholders to redistribute money among members then there wouldn't be much the RFL could do about it. It shouldn't happen, but it probably will just as in 1997 when Keighley, Hull KR, Workington and Prescot were all stripped of central funding due to being in administration and the money redistributed among SL clubs (guess which club proposed that motion by the way ?).
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