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I think a lot of people look to 12 months at Bradford Bulls and see £500 going the way of debts.
So what is the payoff?

The forever reds does seam the more reasonable route to go for those fans who do not wish to end up just paying off debts to then see the club fold anyway because of further outstanding liabilities.

However if one of the fund raising activities is a game I would treat that as slightly different to just donating money. If the money from a game goes to paying off debts, if it was my club in the mire, whilst the money may end up just paying off debts at the very least you get a game out of it, it's not like donating with no return.

As an outsider I would not wish it on any set of fans, but I can also understand the suspicions about donating money into a black hole.

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Quote: Michigan red "

Or they could just pay Shirley more to keep Theo well fed on Lobster Thermidore and Verve Cliquot
It'd be an improvement on the diet of fray bentos pies, oven chips and processed peas with bisto gravy she gives him nowadays icon_wink.gif

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Quote: Fungus The Muffin Man "It'd be an improvement on the diet of fray bentos pies, oven chips and processed peas with bisto gravy she gives him nowadays
Hey!! Don't knock it k020.gif he's not got that six pack & muscles eating that pasta & salad garbage icon_lol.gif

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Quote: Fungus The Muffin Man "It'd be an improvement on the diet of fray bentos pies, oven chips and processed peas with bisto gravy she gives him nowadays
Hey!! Don't knock it k020.gif he's not got that six pack & muscles eating that pasta & salad garbage icon_lol.gif

GT
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Apologies if I've missed something whilst skipping through the turd on here, but has the online donation been sorted yet? Either PayPal or bank details for a transfer? If I leave it to writing a cheque I'll never sort it...

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Quote: GT "Apologies if I've missed something whilst skipping through the turd on here, but has the online donation been sorted yet? Either PayPal or bank details for a transfer? If I leave it to writing a cheque I'll never sort it...'"


GT, hoping to have details for the account to set up the online donations before w/end. Will post on media sites as soon as I know, cheers

GT
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Sound, cheers Shirley.

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Quote: Michigan red "Please don't quote said bellend - what's the point of me studiously avoiding members of the cock club if you do a thing like that.

Think the obvious answer to all this to see the bigger picture ergo do people want a Salford to watch or not.

Comes down to a simple yes or no and nothing much else really.'"



Would you get in the cock club,now there is a question.

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Quote: lancetodd "Would you get in the cock club,now there is a question.'"


Darren is the founding member icon_wink.gif

I might even quote all their posts just so he has to read them icon_lol.gif

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Quote: billybradshawsmum "GT, hoping to have details for the account to set up the online donations before w/end. Will post on media sites as soon as I know, cheers'"


Hi Shirl,
If you put the account number and sort code of the donation account here then people could transfer money directly.
Can you - or any foundation member who knows - put the donation account details up here please? I guess that it's best for donations to be in place before Monday 7 January, and today is the last banking day before then.
If you don't think it's something you can share on the forum, could you pm the details to people who ask for them (I'm asking - I'm away from home and don't have access to my cheque book).
Thank you for all the work you've put in.

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Sorry to intrude on your bad situation.

In answer to one of the posts- Salford has a lot of SL fans wishing the club well including me. But for the efforts of our chairman and new investors, we would have gone to the wall a long time ago given our losses.

Without even trying to look into what has gone on to get the club into the sorry mess it finds itself in, I find it astonishing that anyone could consider donating directly to the club at this time to help them fight the petition after what happened last at Bradford when £500k went down the swanie.

The chances of £60K saving the club in its present legal form given the scale of its debts (£1500K was sought not long ago) is remote and that is being kind.
There has been a lack of any clarity with what will happen next; paying off one petition will encourage other creditors to try to wind the club up surely?
Why hasn't a restructuring with a CVA considered or has it?
Someone asked on here why doesn't Peel pay off the £60K and I can't see if anyone has answered that? They own the stadium so will be asking themselves what is the point in having an empty stadium.

Remind me, I thought Bradford went bust and a new company was formed and was not kicked out of SL? Were they not given a 1 year probation period? I would have thought this was a positive precident?

I would have thought that if anyone deserves the money its FR - at least they can keep their powder dry and see what develops and perhaps emerge as a significant shareholder in either a NewCo or a reconstructed CVA co.

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The Bradford situation was complicated by the role of Caisley, and the internecine shareholder strife. Whether the £500k would have saved the club had Caisley not intervened with the intent of sacking the board, without then producing a viable alternative of his own (leading so many to assume, rightly or wrongly, that Caisley wanted to pick up the club for a song from an administrator of his choosing), we will never know. My personal view is that it probably WOULD have -at least for a year or so - but it would not have solved the underlying issues, and ongoing mediocrity and continuing internecine strife would have been a certainty.

Don't forget too that Bradford have been denied a large part of the Sky money for 2013, so the new owners will have to put in many hundreds of thousands from their own or other resources. I would assume THAT precedent would be followed too if Salford went into administration?

And also don't forget that the administrator at Bradford inexplicably sacked all the coaching staff and nearly all the non-playing staff shortly after his appointment. It took the Bullbuilder Hardship Fund, very much supported by Warrington and Huddersfield and various corporate sympathetic parties, to provide the financial support to those staff who carried on working for nothing that kept the club in being until a new owner manifested himself. Maybe that too would be a precedent an administrator at Salford would seek to follow?

As I warned all those who saw administration as an easy option at Bradford before it happened, be very careful guys what you wish for. Administration is horrible, with enduring consequences, and not a route to be considered lightly.

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Quote: saint at wire "Sorry to intrude on your bad situation.

In answer to one of the posts- Salford has a lot of SL fans wishing the club well including me. But for the efforts of our chairman and new investors, we would have gone to the wall a long time ago given our losses.

Without even trying to look into what has gone on to get the club into the sorry mess it finds itself in, I find it astonishing that anyone could consider donating directly to the club at this time to help them fight the petition after what happened last at Bradford when £500k went down the swanie.

The chances of £60K saving the club in its present legal form given the scale of its debts (£1500K was sought not long ago) is remote and that is being kind.
There has been a lack of any clarity with what will happen next; paying off one petition will encourage other creditors to try to wind the club up surely?
Why hasn't a restructuring with a CVA considered or has it?
Someone asked on here why doesn't Peel pay off the £60K and I can't see if anyone has answered that? They own the stadium so will be asking themselves what is the point in having an empty stadium.

Remind me, I thought Bradford went bust and a new company was formed and was not kicked out of SL? Were they not given a 1 year probation period? I would have thought this was a positive precident?

I would have thought that if anyone deserves the money its FR - at least they can keep their powder dry and see what develops and perhaps emerge as a significant shareholder in either a NewCo or a reconstructed CVA co.'"



Wishing you well for the new season,that has been a bone of contention with a lot of supporters on here,are we just
collecting monies to pay the present incumbents debt,but at the moment we are just raising money,and in the fullness
of time that money will be used appropriately,in your post you say you would of gone under long ago without a new
chairman and investment,that is just what the majority of us want,

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As posted on another topic, the fighting fund is being held independent of the club, and will only be used once we are clear if the club is in new hands, either an investor or post Administration. Fans from Bradford have been absolutely brilliant in sharing their experiences, good and bad, so we have learnt from their experiences. The fund will be used as and when it can do the most good and will be decided what it will be used for by the fans who have shown they care about our future. Great effort so far, and last nights event kicked off what we hope will be a series of fund raising events. Finally great to see the couple who travelled over from Bradford to help support the event.

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I noticed the details are now out and about, nice one for sorting it. As it was, I chucked my currently intended donation in the buckets yesterday. Depending on the outcome of today's hearing and talks it'll have to wait until payday on Thursday now!

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