FORUMS > The Virtual Terrace > Did Bradford hit the 500k? |
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| Quote: Cibaman "Bradford do have a tax bill, but the fundamental problem is they dont have anywhere near enough cash coming in to pay the players for the rest of the season. An administrator, if appointed, would try to avoid the tax bill. But he would still have to make huge savings to keep going until next season's season ticket money starts to come in. Which would inevitably mean that, once he'd raised what he could from player sales, he'd have to cut the wage bill dramatically. Eventually the club wouldnt be able to put out a team of anything like an acceptable standard.'"
Well you have to cut your cloth accordingly. I stood/sat through 3 or 4 years of bloody awful Wakefield sides because we were in a CVA and couldn't afford many decent players, hence why the good young ones were sold off for pretty much any offer that came in.
Whether it's a tax bill or a wage bill or the phone bill, if you can't afford to pay it, the problem is the same.
What happens when the next bill comes around Bradford can't pay? I guarantee it will happen.
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| Quote: Adeybull "No it is not.
But why the HELL take it out on Bradford fans? I just looked on the latest "lets knock London" thread on here, and I counted ONE post from a Bulls supporter in 13 pages. ONE. And that was pretty innocuous.
The best way for getting a whole load MORE on your back is by making nasty comments like you did, when you hardly ever read any Bulls fans on the VT wishing London would vanish.'"
Wow, unbelievable over-reaction here. At least one person realised the point of that post. I genuinely hope Bradford pull through, of course I do.
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| Quote: vbfg "The hundreds if not thousands of neutrals at Odsal tonight disagree with you. Seems like people wishing death on RL clubs are the tools that won't be missed. Caisley for example, the person you should actually be angry with - nobody misses that 2@. And now you and Vastman, Mr Heartland Rugby League himself, are embarrassing yourselves in the same way. No matter what happens now you're both people who have actively wanted other RL clubs to go under. The pair of you are heads.'"
To be fair to Vastman Goaty, he's an embarrassement in general, not just on this particular topic.
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| Quote: vbfg "The hundreds if not thousands of neutrals at Odsal tonight disagree with you. Seems like people wishing death on RL clubs are the tools that won't be missed. '"
Fully agree, I look forward to you enthusiastically insulting all the posters on here who actively call for the London club to fold.
I suspect I might have a long wait though.
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| Quote: t-r-i-n-i-t-y "Well you have to cut your cloth accordingly. I stood/sat through 3 or 4 years of bloody awful Wakefield sides because we were in a CVA and couldn't afford many decent players, hence why the good young ones were sold off for pretty much any offer that came in.
Whether it's a tax bill or a wage bill or the phone bill, if you can't afford to pay it, the problem is the same.
What happens when the next bill comes around Bradford can't pay? I guarantee it will happen.'"
I dont disagree with you. But its almost impossible to re-order a club's finances, cut your cloth accordingly if you like, in mid season. Players are contracted for the rest of the season. If the Bulls can limp along until the end of the season then they should be able to drastically reduce their costs, even if it has to be in a lower league. But without a substantial cash injection they will not make it until the end of the season.
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| Quote: mikej "Declare all magic weekend fixtures null and void and just have it as a showcase weekend would be the easiest and fairest way of doing it. '"
I cant see them turning Magic Weekend into a series of friendlies. The clubs would rest their senior players, nobody would turn up and they'd probably have to offer refunds to those who had already bought tickets.
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| Quote: Cibaman "I dont disagree with you. But its almost impossible to re-order a club's finances, cut your cloth accordingly if you like, in mid season. Players are contracted for the rest of the season. If the Bulls can limp along until the end of the season then they should be able to drastically reduce their costs, even if it has to be in a lower league. But without a substantial cash injection they will not make it until the end of the season.'"
It isn't impossible. It is what happened with Wakefield last season as they prepared to enter and then did enter administration (after also making a plea for a monetary bail out to merely keep existing from fans). Wakey shed their contracted players as they went to other clubs and these were replaced by players that were much cheaper (such as youngsters that were surplus to requirements at other clubs). They shed so many in fact that they had to re-do their squad photo. They were left with a squad that struggled to avoid bottom but they also appear to have come out the other side stronger for it as an organisation (and have now replaced most of that hastily assembled squad).
Whilst I am not wishing or suggesting that Bradford enter administration (whatever needs to happen will happen in that regard) what happened to Wakey last season demonstrates that (likely radical) altering of the playing squad can occur mid season to result in a reduction of the wage bill and to allow a post admin club (or one that narrowly avoids administration) to 'cut its cloth' accordingly. The circumstances that have led to this situation at Bradford may be different to what led Wakey to the brink last year but the outcome on the other side may not be all that different.
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| Bradford extended pledge deadline til Monday 5pm & will make an announcement Tuesday.
Predictably realised the HMRC aren't going to issue a winding up order on a bank holiday weekend due to the Courts being closed.
Article is on their website now but virtually impossible to get on due to internet traffic
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| Can these people ever give an answer that can be believed and trusted.
is it £1m in 2 X £500K chunks then its not
last Sunday Duckett says on radio the tally was £250K and..... then its not
The deadline is 5pm Friday...... then its not
The announcement is half time versus Leeds...then its not
The announcement is saturday 11.30 am....then its not
No doubt there will the apologists for Hood making excuses for this shambles.
Apparently Hood and his chums have a plan for future success.....or maybe not
Bulls fans deserve much more than this.
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| I feel sorry for the supporters been taken for a ride by the holding company that is a limited company, why should the supporters give money to the limited company for the company to show it as profit, the money donated was for the club not the limited company, so the limited comapny should either sell the company or go bust.
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| And Hood is calling the RFL a shambles?
Well, seems he knows what they look like.
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| Can someone explain in a nutshell what the latest is?
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| Bradford have counted £480k, however apparently they are still counting and with the figure being so close have extended pledges until monday anyway as they do not know if they have £20k left to count.
I am more inclinded to believe we have counted £480k and are hoping £20k gets pledged today.
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| Quote: Dave Lister "Can someone explain in a nutshell what the latest is?'"
Despite it being urgent and desperate to have the money in place by yesterday it now appears that perhaps they were a little over excited with the begging bowl.
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| Im more inclined to believe its a scam from start to finish.
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