FORUMS > The Virtual Terrace > Bulls under new ownership |
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33809_1522680904.png 'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.:d7dc4b20b2c2dd7b76ac6eac29d5604e_33809.png |
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| Quote: The Devil's Advocate "So, let me get this right – and please interject if I’m incorrect.
Bradford have been bought for circa £150k – who gets that money?
The administrators tab is around £170k, does this come out of the £150k & if so where does the shortfall come from?
One more thing, presumably the RFL won’t have got any rent money this year, will they be in the same position as the rest of the Creditors getting a few pence in the pound or will the debt carry over to the new owners?'"
The administrators get the £150k - the shortfall is just a shortfall. They only get £150k.
The back rent will maybe be covered by reduced central funding in future years. Which, if Fev, Fax or Leigh put up a rival bid in any mini-application, makes for an interesting (if somewhat academic) dilemma - do they base there business plan on what the Bulls would get or on full funding. A more attractive (cheaper for the rest) bid or a stronger one?
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//www.pngnrlbid.com
[quote="bUsTiNyAbALLs":9q9d2t35]Do not converse with me you filthy minded deviant.[/quote:9q9d2t35]
[quote="vastman":9q9d2t35]My rage isn't impotent luv, I'm frothing at the mouth actually.[/quote:9q9d2t35]: |
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| Quote: littlerich "The problem is, Bradford are, or are supposed to be a flagship club. Do the smaller do what Bradford have done? Overspend. Sell their product cheaper than a netto basket?
Bradford have brought success to their own table but a pile of crap and debt to the RFL's. But sshhhhhhh, they're Bradford Big Balls - 10,000 average per home game. Untouchable.'"
Yes, the smaller clubs do overspend. This isnt new information.
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33809_1522680904.png 'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.:d7dc4b20b2c2dd7b76ac6eac29d5604e_33809.png |
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| Quote: SmokeyTA "Yes, the smaller clubs do overspend. This isnt new information.'"
Hoping to get bigger and gain greater protection from the RFL - that's prudent isn't it?
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//www.pngnrlbid.com
[quote="bUsTiNyAbALLs":9q9d2t35]Do not converse with me you filthy minded deviant.[/quote:9q9d2t35]
[quote="vastman":9q9d2t35]My rage isn't impotent luv, I'm frothing at the mouth actually.[/quote:9q9d2t35]: |
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| Quote: Mild Rover "Because they failed utterly on the very criterion on which licensing is primarily based'" On one of them. Regardless, that doesn’t automatically mean someone else is a better bet.
If someone, anyone, were proposing a realistic scenario where Fax, Fev, or Leigh would be bringing in 10k fans, with more room for growth, they had a comparable youth structure or were ready to put one in place, and if they were capable of even getting close to Bradford in the other criteria then I would be in favour of them being replaced.
Quote: Mild Rover "I didn't, the principles of licensing did. You're right though, perhaps it would be better if Bradford were given a place in SL for next season. And we can do that - we just have abandon those principles and find some new ones. Little bit embarrassing, but that's life. Trying to retain Bradford in SL (assuming, as always, a newco) and the principles of licensing, is doomed to failure. Do it quick and clean or let it wither away - either way it'd be over. Eventually it'll need replacing - why wait?'" Ok, long story short. What is the principle of licensing?
Is it to have the best clubs in SL?
Is it to allow clubs to grow?
Is it to give more stability?
You still seem to be criticising the RFL for not following a rule you know didn’t exist.
Quote: Mild Rover "Tinkering it to death. The vote to change the rules so that entering administration was only a points deduction and a black mark was a major retreat. This would be surrender, however they try to dress it up. Folk aren't daft. Well not [ithat[/i daft anyway.'" Im not sure why you seem to value this one criteria over and above everything else. Im not sure why you see this specific criteria as sacrosanct.
Quote: Mild Rover "Think about it like this. Licensing moved the emphasis from how the team performed each year to how the club performed over 3-year cycles.
Imagine under a system of P&R, straightforward 1 up, 1 down, a team gets relegated. But they say, 'actually we're not that bad, we just had a rubbish coach, but we've sacked and replaced him now and we'd to like to stay up'. The governing body thinks this team might indeed get better under their new coach, so they come up with an innovation - a play-off with the winner of the second division. This would likely provoke some scepticism, and if they claimed that the system hadn't in fact changed and they would still be standing by the principles of 1 up, 1 down the scepticism would become incredulity. The governing body have got stuck trying to avoid an unwanted outcome of its own rules, and still wanting people to believe that they are enforcing them in an equitable manner. They can't - they have to live with the outcome (a principled approach) or be honest about changing the rules (a pragmatic approach), it is one or t'other.'" I think you are drawing a false analogy, based again on the fact that the RFL haven’t followed a rule you know didn’t exist. It didn’t exist this year, it didn’t exist last year. The RFL haven’t changed the rules. They are following the process they laid out. Maybe a different club would have lead to a different conclusion, I accept that, but this is the process they set down.
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//www.pngnrlbid.com
[quote="bUsTiNyAbALLs":9q9d2t35]Do not converse with me you filthy minded deviant.[/quote:9q9d2t35]
[quote="vastman":9q9d2t35]My rage isn't impotent luv, I'm frothing at the mouth actually.[/quote:9q9d2t35]: |
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| Quote: Mild Rover "Hoping to get bigger and gain greater protection from the RFL - that's prudent isn't it?
If it works, more power to them. Fortunately we have a system in place which allows them to build gradually to that level spending and growing sustainably, rather than focussing on avoiding relegation.
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9005.jpg kcab sfrawdder
Luck is a combination of preparation and opportunity
Just to avoid confusion Starbug is the username of Steven Pike
SOMEBODY SAID that it couldn’t be done
But he with a chuckle replied
That “maybe it couldn’t,” but he would be one
Who wouldn’t say so till he’d tried.
So he buckled right in with the trace of a grin
On his face. If he worried he hid it.
He started to sing as he tackled the thing
That couldn’t be done, and he did it!:9005.jpg |
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| From a purely financial point , it will be cheaper to have the Bulls win the ' mini licence contest ' than a Championship club
How if they are ' demoted ' are the Bulls going to pay back the ' advanced ' SL central funds they have been living on since May ?
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8_1434361123.jpg When my club didn't exist it was still bigger than yours:d7dc4b20b2c2dd7b76ac6eac29d5604e_8.jpg |
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| Quote: Starbug "How if they are ' demoted ' are the Bulls going to pay back the ' advanced ' SL central funds they have been living on since May ?'"
I imagine they'll be owed by Halifax by then.
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Quote: SmokeyTA "On one of them. Regardless, that doesn’t automatically mean someone else is a better bet.
If someone, anyone, were proposing a realistic scenario where Fax, Fev, or Leigh would be bringing in 10k fans, with more room for growth, they had a comparable youth structure or were ready to put one in place, and if they were capable of even getting close to Bradford in the other criteria then I would be in favour of them being replaced.
Ok, long story short. What is the principle of licensing?
Is it to have the best clubs in SL?
Is it to allow clubs to grow?
Is it to give more stability?
You still seem to be criticising the RFL for not following a rule you know didn’t exist.
Im not sure why you seem to value this one criteria over and above everything else. Im not sure why you see this specific criteria as sacrosanct.
I think you are drawing a false analogy, based again on the fact that the RFL haven’t followed a rule you know didn’t exist. It didn’t exist this year, it didn’t exist last year. The RFL haven’t changed the rules. They are following the process they laid out. Maybe a different club would have lead to a different conclusion, I accept that, but this is the process they set down.'"
2 minutes in and to the end, The reason and justification for licencing from the horses themselves.
www.youtube.com/watch?v=9TxWZqUMc_Q
it has just taken me 10 minutes to stop laughing at this total and absolute cock up from all involved in the licensing process and the Independants that were involved.
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Quote: SmokeyTA "On one of them. Regardless, that doesn’t automatically mean someone else is a better bet.
If someone, anyone, were proposing a realistic scenario where Fax, Fev, or Leigh would be bringing in 10k fans, with more room for growth, they had a comparable youth structure or were ready to put one in place, and if they were capable of even getting close to Bradford in the other criteria then I would be in favour of them being replaced.
Ok, long story short. What is the principle of licensing?
Is it to have the best clubs in SL?
Is it to allow clubs to grow?
Is it to give more stability?
You still seem to be criticising the RFL for not following a rule you know didn’t exist.
Im not sure why you seem to value this one criteria over and above everything else. Im not sure why you see this specific criteria as sacrosanct.
I think you are drawing a false analogy, based again on the fact that the RFL haven’t followed a rule you know didn’t exist. It didn’t exist this year, it didn’t exist last year. The RFL haven’t changed the rules. They are following the process they laid out. Maybe a different club would have lead to a different conclusion, I accept that, but this is the process they set down.'"
2 minutes in and to the end, The reason and justification for licencing from the horses themselves.
www.youtube.com/watch?v=9TxWZqUMc_Q
it has just taken me 10 minutes to stop laughing at this total and absolute cock up from all involved in the licensing process and the Independants that were involved.
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cartoons/WB181.gif :cartoons/WB181.gif |
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| This is great isn't it, I have never laughed as much for years. You can feel the RFL media machine cringing as this shambles evolves.
RL a great game born upon integrity, honesty and inclusion is now simply a laughing stock run by idiots.
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icons3ae4_files/4583-27sowhat-msnicons.gif Hope without planning is about as futile as waiting for a harvest without planting
-------------------------------------
THE FIRST THING TO MAKE A DREAM COME TRUE,IS TO WAKE UP:icons3ae4_files/4583-27sowhat-msnicons.gif |
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| Quote: Faxhali "2 minutes in and to the end, The reason and justification for licencing from the horses themselves.
Fantastic OK Bulls playing at the OK Coral sponsered by OK sauce. You could'nt write a script like that. What a load of Cowboys.
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18686.jpg In Springfield, they're eating the dogs, the people that came in. They're eating the cats! They're eating the pets!:18686.jpg |
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| Quote: Mild Rover "The administrators get the £150k - the shortfall is just a shortfall. They only get £150k.
The back rent will maybe be covered by reduced central funding in future years. Which, if Fev, Fax or Leigh put up a rival bid in any mini-application, makes for an interesting (if somewhat academic) dilemma - do they base there business plan on what the Bulls would get or on full funding. A more attractive (cheaper for the rest) bid or a stronger one?'"
So are you saying that basically the company brought in to get the best deal for the creditors has taken all the cash?
So where does everybody else stand, from HMRC with their £0.5M down to the Cheerleaders & their £4k, does this mean they’ll get sod all?
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2690.jpg :2690.jpg |
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| Quote: The Devil's Advocate "So are you saying that basically the company brought in to get the best deal for the creditors has taken all the cash?
So where does everybody else stand, from HMRC with their £0.5M down to the Cheerleaders & their £4k, does this mean they’ll get sod all?'"
No no no no
They get to watch Bradford rise like a phoenix from the ashes. They can say, "i was there at the rebirth".
Cash? Who needs cash when you're part of an "iconic club".
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8762_1295775855.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_8762.jpg |
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| Quote: The Devil's Advocate "So are you saying that basically the company brought in to get the best deal for the creditors has taken all the cash?
So where does everybody else stand, from HMRC with their £0.5M down to the Cheerleaders & their £4k, does this mean they’ll get sod all?'"
It means exactly that. Administrator gets paid. Mr Khan gets a SL club for a bargain bin price. Creditors get nowt. Great innit ?
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8313_1353798820.jpg She got the wiggle hip sway hypno sex ray goin' on in my head
She got the flippin' hip slide hypno sex siren in my head
She got the wiggle hip sway hypno sex ray light's flashin' red:d7dc4b20b2c2dd7b76ac6eac29d5604e_8313.jpg |
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| Quote: The Devil's Advocate "So are you saying that basically the company brought in to get the best deal for the creditors has taken all the cash?
So where does everybody else stand, from HMRC with their £0.5M down to the Cheerleaders & their £4k, does this mean they’ll get sod all?'"
Yup Administrator gets his wedge, and of the -20K left, everyone gets a share of feckall (split proportionatly).
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Club Owner | 33944 | No Team Selected |
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9005.jpg kcab sfrawdder
Luck is a combination of preparation and opportunity
Just to avoid confusion Starbug is the username of Steven Pike
SOMEBODY SAID that it couldn’t be done
But he with a chuckle replied
That “maybe it couldn’t,” but he would be one
Who wouldn’t say so till he’d tried.
So he buckled right in with the trace of a grin
On his face. If he worried he hid it.
He started to sing as he tackled the thing
That couldn’t be done, and he did it!:9005.jpg |
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| Quote: Derwent "It means exactly that. Administrator gets paid. Mr Khan gets a SL club for a bargain bin price. Creditors get nowt. Great innit ?'"
Apparently the Bulls new owner has stated he intends to spend 6 million on Odsal, maybe he could have offered a little bit more than the 150 K ( probably the lowest amount that he was told would cut a deal ) that will now all go to the administrators, nice work if you can get it
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