FORUMS > Wigan Warriors > If Bulls are liquidated...... |
|
Rank | Posts | Team |
International Chairman | 6038 | No Team Selected |
Joined | Service | Reputation |
Apr 2002 | 23 years | |
Online | Last Post | Last Page |
Mar 2017 | Feb 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: ShortArse "rlhttps://www.bbc.co.uk/sport/0/rugby-league/18609190rl
"Super League bosses will allow Bradford Bulls to finish the season as a new company even if the club goes into liquidation in the coming weeks. "
good news'"
Its actually the daftest thing I've read during this saga. The idea seems to be that the existing club will be liquidated and that a Supporters Trust will instantly emerge and seemlessly take over the running of the club. In mid season. Its laughable.
|
|
|
Rank | Posts | Team |
Club Owner | 3525 | No Team Selected |
Joined | Service | Reputation |
Sep 2003 | 21 years | |
Online | Last Post | Last Page |
Sep 2018 | Sep 2018 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: DaveO "Yes it has and it still in fact does.
Form the operational rules in section E1preventing Clubs
trading beyond their means and/or entering into damaging and unsustainable
financial arrangements;
The cap has clearly failed in "prevent(ing) Bradford (from) trading beyond their means and/or entering into damaging and unsustainable
financial arrangements;" so it looks like the usual suspects know their facts and you, err, don't.
Damn. You beat this usual suspect to it!
|
|
|
Rank | Posts | Team |
Player Coach | 8991 | |
Joined | Service | Reputation |
Sep 2009 | 15 years | |
Online | Last Post | Last Page |
Sep 2024 | Jun 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: ROBINSON "Their players become free agents, which means they're just as entitled to re-sign for Bradford as they are another club.
In fact at this stage in the season, probably only a reformed Bradford would be able to take them on.'"
Yeh I only thought about this today, very true, quotas and salary caps would stop a few players going.
I guess the difference in business and sport is that in business you would start again from scratch. In sport if you are kept in the top flight by the organising body you are not exactly starting from scratch, you have been given a starting edge over competitors such as Halifax, Feathstone, Leigh, oldham etc...
Keeping your points gives you a starting advantage over Salford, London, Widnes.
Like I say they will be a new business but not a new sporting entity which seams some what shady.
|
|
|
Rank | Posts | Team |
Club Owner | 3525 | No Team Selected |
Joined | Service | Reputation |
Sep 2003 | 21 years | |
Online | Last Post | Last Page |
Sep 2018 | Sep 2018 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: Paul Youane "Actually I don't.
However I was however under the obvious mis-understanding that you wanted the salary cap increasing when in fact you want it reducing. Sorry for my mis-understanding.'"
If BK did want the SC to be reduced then he would have already got his wish. The SC has already been reduced in real terms very significantly indeed, by at least 30% since its inception. This is due to the disgraceful failure to link the cap to RPI or wages inflation.
|
|
|
|
Rank | Posts | Team |
Player Coach | 5846 | |
Joined | Service | Reputation |
Aug 2006 | 18 years | |
Online | Last Post | Last Page |
Sep 2024 | Jul 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| So, what point the salary cap?.....
Is it helping in any aspects of the game?.... Or is it a hinderance?
Is just papering over the massive crack of a HUGE shortage of funding in SL overall? Making SL completely unsustainable as a full time, professional sport, that can compete on the world stage?
|
|
|
Rank | Posts | Team |
Moderator | 14395 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
May 2024 | May 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
Moderator
|
| Quote: ROBINSON "Insolvency laws exist for a reason, and unfortunately in cases like this you're often damned if you do and damned if you don't.
For instance, if Bradford Bulls folded, that means everyone associated with the club is out of work, and the company's assets - if any - are sold to repay creditors. Once that's done, that's it. Finished. Gone. Think Woolworths.
If someone comes along to buy the 'business', it doesn't necessarily mean the debts are completely wiped. The purchase price of the business goes towards paying the creditors, less IP fees. Granted, creditors may not get much compared with what they're owed, but vitally, it means that employees jobs are saved.
If going bust saves, in this case, 50 or so jobs, then is going bust really such a bad thing?'"
While it is true if the club folded the debts may not be completely wiped it is guaranteed they won't be paid off in full or they wouldn't need to go into administration in the first place and incur whatever penalties that involves - assuming there are any (which there should be).
The point I was making was that it isn't acceptable to go bust and then a new club to rise form the ashes in exactly the same position as the one that went bust. Still in SL, no points deducted and so on.
It is fine for it to go bust and jobs be saved as you describe but it isn't fine for it to carry on as an entity we would all recognise as the Bradford Bulls (regardless of the holding company being new) as if nothing had happened. That would simply mean a legal mechanism had been used to shaft the creditors - which will include the clubs employees with no penalty. You can not run a professional sport like that and expect people to invest in it.
|
|
|
|
Rank | Posts | Team |
Player Coach | 8991 | |
Joined | Service | Reputation |
Sep 2009 | 15 years | |
Online | Last Post | Last Page |
Sep 2024 | Jun 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: DaveO "While it is true if the club folded the debts may not be completely wiped it is guaranteed they won't be paid off in full or they wouldn't need to go into administration in the first place and incur whatever penalties that involves - assuming there are any (which there should be).
The point I was making was that it isn't acceptable to go bust and then a new club to rise form the ashes in exactly the same position as the one that went bust. Still in SL, no points deducted and so on.
It is fine for it to go bust and jobs be saved as you describe but it isn't fine for it to carry on as an entity we would all recognise as the Bradford Bulls (regardless of the holding company being new) as if nothing had happened. That would simply mean a legal mechanism had been used to shaft the creditors - which will include the clubs employees with no penalty. You can not run a professional sport like that and expect people to invest in it.'"
I agree, but it seams the law backs risk takers as opposed to sound financial planning.
Bring back the debtors prisons I say.
Whilst we are at it.
Hanging and other such liberal ideals....
|
|
|
Rank | Posts | Team |
Club Owner | 6722 | No Team Selected |
Joined | Service | Reputation |
Jun 2003 | 21 years | |
Online | Last Post | Last Page |
May 2015 | Mar 2014 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: Paul Youane "Actually I don't.
However I was however under the obvious mis-understanding that you wanted the salary cap increasing when in fact you want it reducing. Sorry for my mis-understanding.'"
No need to apologise, as you have misunderstood once again.
I want the CC abolished, however, if it is to remain then it must prove useful.
Abolish the ceiling, maintain a % cap of turnover/profit/some other measure.
Not that hard to understand is it?
|
|
|
|
Rank | Posts | Team |
Club Owner | 6722 | No Team Selected |
Joined | Service | Reputation |
Jun 2003 | 21 years | |
Online | Last Post | Last Page |
May 2015 | Mar 2014 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: DaveO "It was only discarded when the cap went "live". It was still in the rules when it first went to a flat rate cap. They removed a safeguard that may well have protected the Bradford directors from themselves.'"
Agreed. Perhaps I should have said "effectively abolished" to be more technically correct.
|
|
|
Rank | Posts | Team |
Club Owner | 6722 | No Team Selected |
Joined | Service | Reputation |
Jun 2003 | 21 years | |
Online | Last Post | Last Page |
May 2015 | Mar 2014 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Btw on behalf of the other "usual suspects", I think we must apologise for continuing to oppose the CC even though Wigan are currently dominating the competitions......
As was pointed out on this forum numerous times over the last 5 years or so, we only opposed the CC on account of it's impact on our own club, not RL in general......................
|
|
|
Rank | Posts | Team |
Moderator | 14324 | |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Nov 2024 | Oct 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
Moderator
|
| Quote: DaveO "Yes it has and it still in fact does.
Form the operational rules in section E1preventing Clubs
trading beyond their means and/or entering into damaging and unsustainable
financial arrangements;
The cap has clearly failed in "prevent(ing) Bradford (from) trading beyond their means and/or entering into damaging and unsustainable
financial arrangements;" so it looks like the usual suspects know their facts and you, err, don't.
Copy and pasting purpose, aims etc didn't address my original point that the cap doesn't cause clubs to live beyond their means, bad management does.
|
|
|
Rank | Posts | Team |
Player Coach | 1278 | No Team Selected |
Joined | Service | Reputation |
Mar 2006 | 19 years | |
Online | Last Post | Last Page |
Jul 2013 | Jul 2013 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Am I the only one that wants the Bulls to go into liquidation? nothing against the club or its fans just out of curiosity to actually see what happens.
|
|
|
Rank | Posts | Team |
Moderator | 14324 | |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Nov 2024 | Oct 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
Moderator
|
| Quote: XBrettKennyX "Wrong. The cap was ORIGINALLY introduced to prevent clubs overspending on players i.e. spending beyond their means. As DaveO has already highlighted.
Subsequently the cap was "twisted" to promote a "level playing field" (whatever that means) and the 50% rule quietly discarded.
This effectively re-created the ability for clubs to overspend.
WLA once again your ability to turn a perfectly sensible post into some kind of personal insult comes to the fore.
I suggest if you want to read "tosh", then it would be wise to look at your keyboard.'"
Which bit ofThe cap has never had anything to do with whether clubs go bust or not.'" is so difficult to understand? The cap is no different to having a budget to live within your means, but if you spend beyond your budget it not the budget's fault is it? Bad management is to blame.
By the way if you think saying people were talking tosh is a personal insult you know neither the definition of "personal" nor "insult". Welcome back from your hibernation by the way, has it been nearly three months since a thread mentioned the cap?
|
|
|
Rank | Posts | Team |
Moderator | 14395 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
May 2024 | May 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
Moderator
|
| Quote: Wigan28/Leeds18 Andy "Dave you obviously didn't read what I said properly. I said:
Which bit of that don't you and the usual suspects understand?
What you actually said was:
"The cap have never had anything to do with whether clubs go bust or not. Whenever something like the Bulls situation happens the usual suspect come out with the usual tosh trying to blame the cap in the some way, instead of focusing on Directors of clubs mismanaging the finances."
Now given a stated aim of the cap is to "prevent(ing) Clubs trading beyond their means and/or entering into damaging and unsustainable financial arrangements;" it is clearly supposed to have a lot to do with whether clubs go bust or not. It is supposed to help prevent it. As it was supposed to do when there was a 50% of turnover element. It has failed in this stated aim.
I also said "It is of course ultimately the Bulls directors fault but the cap has certainly failed in one of its stated purposes."
which for some reason you chose to ignore.
|
|
|
Rank | Posts | Team |
Club Owner | 6722 | No Team Selected |
Joined | Service | Reputation |
Jun 2003 | 21 years | |
Online | Last Post | Last Page |
May 2015 | Mar 2014 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
TO BE FIXED |
|
| Quote: DaveO "What you actually said was:
"The cap have never had anything to do with whether clubs go bust or not. Whenever something like the Bulls situation happens the usual suspect come out with the usual tosh trying to blame the cap in the some way, instead of focusing on Directors of clubs mismanaging the finances."
Now given a stated aim of the cap is to "prevent(ing) Clubs trading beyond their means and/or entering into damaging and unsustainable financial arrangements;" it is clearly supposed to have a lot to do with whether clubs go bust or not. It is supposed to help prevent it. As it was supposed to do when there was a 50% of turnover element. It has failed in this stated aim.
I also said "It is of course ultimately the Bulls directors fault but the cap has certainly failed in one of its stated purposes."
which for some reason you chose to ignore.
Not being funny WLA (and frankly without people who disagree, these forums would be dull), but which bit of DaveO's post above don't you understand?
If the 50% rule was kept in place it would help ensure clubs don't overspend. It wouldn't prevent it, of course, but it certainly would help.
|
|
|
|
|
|