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FORUMS > The Virtual Terrace > Bulls under new ownership |
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| Quote: The Devil's Advocate "...
I’m sure that if they’d said back in June “Who wants to buy Bradford with a guaranteed licence for a further two years for £150k” it would have been snapped up.'"
We will never know, but if it had, would have been accompanied by howls of protest from all the usual suspects at how ludicrous it was that the RFL had 'given away' the Bulls, and how incompetent they were, anybody knows it was worth ten times as much etc etc.
Quote: The Devil's Advocate "...Then the Administrators, who you think are working for a snip, wouldn’t have dragged it out for over two months, thereby eating the whole of the pie.'"
I would fundamentally disagree with the comments about them working for a snip, they charge plenty, and for every minute; they have eaten plenty of pie, and without having a go at them in particular, these firms that come in as insolvency experts inevitably charge an arm and a leg, to be sure. But they have certainly eaten nowhere near all of it, on any view.
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| God this is so funny.
I feel for BB fans, but you couldn't make up the sorry events, the deals that have evolved and the integrity the sport has lost.
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| This turd of a thread leads me to think about the next round of licensing in 2014.
What a crapshoot that's gonna be
Rugby Football Licensing - The Greatest Game.
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| Quote: The Devil's Advocate "No, I wanted the RFL to not put in a silly condition regarding the licence, when it was glaringly obvious there was no plan B, thirteen teams, Halifax blah,blah.
I’m sure that if they’d said back in June “Who wants to buy Bradford with a guaranteed licence for a further two years for £150k” it would have been snapped up.
Then the Administrators, who you think are working for a snip, wouldn’t have dragged it out for over two months, thereby eating the whole of the pie.'"
The £150k is about £149,999 too much
It's certainly a guaranteed license, guaranteed to lose money
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| Quote: Cibaman "The £150k is about £149,999 too much
It's certainly a guaranteed license, guaranteed to lose money'"
Looks cheap, depending on any liabilities that have been taken on.
If there are 10,000 loyal bulls fans, willing to pay the going rate for S/T's, then its a steal !
(dont know about the £6 million investment though, that is serious money !
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| Quote: Ferocious Aardvark "We will never know, but if it had, would have been accompanied by howls of protest from all the usual suspects at how ludicrous it was that the RFL had 'given away' the Bulls, and how incompetent they were, anybody knows it was worth ten times as much etc etc.
I would fundamentally disagree with the comments about them working for a snip, they charge plenty, and for every minute; they have eaten plenty of pie, and without having a go at them in particular, these firms that come in as insolvency experts inevitably charge an arm and a leg, to be sure. But they have certainly eaten nowhere near all of it, on any view.'"
Apologies if this is not the case, I was basing my assumption on what certain posters had informed me.
So, out of the £150k, how much of it has gone to the Administrators?
Regarding working for a snip, the comment was a side swipe at Smokey, who obviously lives in different circles to me.
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| Quote: The Devil's Advocate "Apologies if this is not the case, I was basing my assumption on what certain posters had informed me.
So, out of the £150k, how much of it has gone to the Administrators?
Regarding working for a snip, the comment was a side swipe at Smokey, who obviously lives in different circles to me.'"
The administrators' fees is a known and published figure (£172,551.90 ), but what everyone posting is overlooking is that for that money, and completely apart from the money OKB are paying now, the administrators via keeping the club up and running, have generated a significant amount of income during the 2 months they have been there. They have also received advances in one form or another from the RFL. So it is far from just the purchase price that has come in.
(Everybody is also ignoring the fact that this payment is not necessarily the whole purchase price, there was reported a rlfurther payment of 100K to be made at a later daterl, but as it doesn't suit most people's whingeing agenda, they are all ignoring that. And that is not seemingly the whole price either, as various reports confirmed that as well, the newco will forego certain central funding, which is, if you think about it. the same as keeping all central payments and paying a higher purchase price. )
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| Quote: wrencat1873 "Looks cheap, depending on any liabilities that have been taken on.
If there are 10,000 loyal bulls fans, willing to pay the going rate for S/T's, then its a steal !
(dont know about the £6 million investment though, that is serious money !'"
Therein lies the problem. How anybody can think they are helping the club by buying a season ticket that costs only the equivalent of a few regular entry fees is beyond me.
I know people who use other people's junior season tickets when they aren't being used, despite the fact that they are much too old. I challenge them, and ask why they, as supposed loyal fans, are happy to see the club (not saying which particular club I'm talking about here) lose money.
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| Quote: Mr Carl "Therein lies the problem. How anybody can think they are helping the club by buying a season ticket that costs only the equivalent of a few regular entry fees is beyond me.
...'"
Leaving aside the fact that very many fans certainly did NOT pay a low season ticket price (self included); those who did the best deals (as well as the rest) mostly ended up paying another £100 or more into the Pledge. So I'd suggest the total amount ultimately paid by ticket holders in 2012 ended up being a sum pretty much comparable to what it would have been if a less discounted price had been fixed in the first place. But you hadn't thought of that, had you?
Anyway, leaving that as I said aside, can you explain to me in what way any such thought ("I am helping the club etc"icon_wink.gif would even arise in the mind of a fan? Wouldn't you think it entirely fair for any fan to simply accept that the businessmen running their club had done their sums, and decided on a price structure that worked, depending on the volume of sales? Or do you suggest each fan should pre-purchase engage an auditor to report on the deal?
For any fan, buying a season ticket is helping the club. The price paid is the price asked. Are you trying to argue that each purchaser walked out of the office gleefully thinking, "great, I've harmed the club by buying this ticket"?
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| Quote: Ferocious Aardvark "
Anyway, leaving that as I said aside, can you explain to me in what way any such thought ("I am helping the club etc"icon_wink.gif would even arise in the mind of a fan? Wouldn't you think it entirely fair for any fan to simply accept that the businessmen running their club had done their sums, and decided on a price structure that worked, depending on the volume of sales? Or do you suggest each fan should pre-purchase engage an auditor to report on the deal?
'"
I agree. Its not the fans fault that the people in charge were not able to run a club. Why wouldnt the fans accept what the people running the club say, afterall they were awarded a B licence from the RFL.
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| Quote: Ferocious Aardvark "Leaving aside the fact that very many fans certainly did NOT pay a low season ticket price (self included); those who did the best deals (as well as the rest) mostly ended up paying another £100 or more into the Pledge. So I'd suggest the total amount ultimately paid by ticket holders in 2012 ended up being a sum pretty much comparable to what it would have been if a less discounted price had been fixed in the first place. But you hadn't thought of that, had you?
Anyway, leaving that as I said aside, can you explain to me in what way any such thought ("I am helping the club etc"icon_wink.gif would even arise in the mind of a fan? Wouldn't you think it entirely fair for any fan to simply accept that the businessmen running their club had done their sums, and decided on a price structure that worked, depending on the volume of sales? Or do you suggest each fan should pre-purchase engage an auditor to report on the deal?
For any fan, buying a season ticket is helping the club. The price paid is the price asked. Are you trying to argue that each purchaser walked out of the office gleefully thinking, "great, I've harmed the club by buying this ticket"?
Fair enough, it shouldn't be the responsibilty of the fans to question the price of season tickets, but it must have occurred to people that the club was going to raise less money by selling the season tickets heavily discounted.
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| Quote: Mr Carl "Fair enough, it shouldn't be the responsibilty of the fans to question the price of season tickets, but it must have occurred to people that the club was going to raise less money by selling the season tickets heavily discounted.'"
No, your basic premise is totally wrong. And for a start (again) ignores that not all tickets were heavily discounted. And the top dollar tickets (like mine) were not "Pledge discounted" AT ALL. You are peddling a pure myth, that every ticket was "heavily discounted", even though you've been told that that was not the case. Why?
The deal was that prices would be lower, depending on how many people agreed to buy. So the more people pledged, the cheaper the deal. You don't know (and nor does anyone) how many would have bought season tickets at absolute top dollar. The club explained in principle how they had done the maths, and the fans were 100% entitled to assume and did assume that they knew what they were doing.
FWIW I think they did know. I think the former management figured that over a season this scheme would produce more moolah than just charging top dollar at flat rates from day one. We may have gone tits, but I don't think they were wrong. The problem was not the size of the income, but that we seem, with hindsight, to have been committed to a level of expenditure that we couldn't afford after a series of disastrous seasons coupled with a sequence of sudden and calamitous finanical demands
But in any case, surely you are not suggesting that they worked out a scheme that they thought would produce less income? Sorry but if you are, that's nuts.
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| Quote: Ferocious Aardvark "No, your basic premise is totally wrong. And for a start (again) ignores that not all tickets were heavily discounted. And the top dollar tickets (like mine) were not "Pledge discounted" AT ALL. You are peddling a pure myth, that every ticket was "heavily discounted", even though you've been told that that was not the case. Why?
The deal was that prices would be lower, depending on how many people agreed to buy. So the more people pledged, the cheaper the deal. You don't know (and nor does anyone) how many would have bought season tickets at absolute top dollar. The club explained in principle how they had done the maths, and the fans were 100% entitled to assume and did assume that they knew what they were doing.
FWIW I think they did know. I think the former management figured that over a season this scheme would produce more moolah than just charging top dollar at flat rates from day one. We may have gone tits, but I don't think they were wrong. The problem was not the size of the income, but that we seem, with hindsight, to have been committed to a level of expenditure that we couldn't afford after a series of disastrous seasons coupled with a sequence of sudden and calamitous finanical demands
But in any case, surely you are not suggesting that they worked out a scheme that they thought would produce less income? Sorry but if you are, that's nuts.'"
Nobody sets out to do that. Unfortunately, it happens.
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| Quote: Ferocious Aardvark "The administrators' fees is a known and published figure (£172,551.90 ), but what everyone posting is overlooking is that for that money, and completely apart from the money OKB are paying now, the administrators via keeping the club up and running, have generated a significant amount of income during the 2 months they have been there. They have also received advances in one form or another from the RFL. So it is far from just the purchase price that has come in.
(Everybody is also ignoring the fact that this payment is not necessarily the whole purchase price, there was reported a rlfurther payment of 100K to be made at a later daterl, but as it doesn't suit most people's whingeing agenda, they are all ignoring that. And that is not seemingly the whole price either, as various reports confirmed that as well, the newco will forego certain central funding, which is, if you think about it. the same as keeping all central payments and paying a higher purchase price. )'"
You mean the already ' advanced ' central funding that has been paying your players to complete this season
So it isn't NO
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| Quote: Starbug "You mean the already ' advanced ' central funding that has been paying your players to complete this season '"
No, not at all. I meant what I said.
But keep right on trying.
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