FORUMS > Wakefield Trinity > Sidlow |
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65068_1324055672.jpg What's pink & hard first thing in the morning?
The financial time crossword
[url=http://imageshack.us/photo/my-images/864/pinkhards.jpg/:39bjthd5][img:39bjthd5]http://img864.imageshack.us/img864/5724/pinkhards.jpg[/img:39bjthd5][/url:39bjthd5]:d7dc4b20b2c2dd7b76ac6eac29d5604e_65068.jpg |
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| Yep clearly valid at being wrong
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67078_1338754951.jpg [size=85:97hs1sj6][i:97hs1sj6]'League is much much more physical than Union, and thats before they start breaking the rules' - Adrian Hadley[/i:97hs1sj6][/size:97hs1sj6]:d7dc4b20b2c2dd7b76ac6eac29d5604e_67078.jpg |
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| Quote: kinleycat "I think the OP was more about what wasn't done to Bradford, rather than wether or not bradford are in the right now.
Clearly a club in trouble is likely to lose their better players in such times, we know only too well that this is the case.
The fact that rather than let players go (and clearly they were unaffordable players) the Bulls hung on and made all the other staff redundant and were dependent on supporter and RFL hand outs, staff working for nothing, etc etc should IMO be remembered by all.
If Salford have allowed this sale that is fine, i can't honestly see how else they could act when they are struggling and they need to off load players/reduce costs/generate some money, however this clearly wasn't the case when the boot was on the other hoof!!
I haven't yet read how this would be a disaster for RL either, if Salford were to go belly up.............
Just saying
The administrator wouldn't sell players because they were the only assets the Bulls had. The RFL buying Odsal meant any potential buyer would be buying the `team` only. We didnt own anything.
`The Bulls` didnt hang on and make staff redundant. This was done by the administrator, Who was independent. He did this because otherwise we would have been liquidated and it bought time to find a buyer.
Siddlow was linked to Bradford months ago & Salford didnt want him.
Bradford fans / some other fans did raise a large amount of money doing various activities and pledging which is was Salford are attempting to do at the moment. Most fans would do this for their club & I'll certainly by pledging to help Salford myself.
The RFL did put on transport to matches at the back end of the season and advance sky money ( already due to the club in 2012) to help pay wages. But the money was already Bradfords so to speak it was just released sooner & was done IMO to ensure fixtures went ahead. As Bradfords administration was mid season for them to be liquidated would have caused a headache for the RFL.
People are moaning about the help Bradford received which is understandable if the RFL dont help other clubs in the same way. However, both situations are completely different.
Bradfords new owner has taken a huge risk because he has no assets other than the players/staff & for the next two seasons to stay in SL he wont be paid SKY money of over £1,000,000 that will be given out to the other clubs in the league over the next two years.
So although people are asking for the RFL to step in to help Salford, I would have preferred Bradford not to have had the help of the RFL and for them to have sold the club with Odsal intact earlier in 2012. The new owners wouldnt have been penalised then and would have had something for their money ( Odsal )
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50722_1319672516.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_50722.jpg |
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| Quote: AdeleMC "Bradfords new owner has taken a huge risk because he has no assets other than the players/staff & for the next two seasons to stay in SL he wont be paid SKY money of over £1,000,000 that will be given out to the other clubs in the league over the next two years.'"
Let's see if that remains the case in 2 years time; I have a suspicion that the mysteriously 'withheld' Sky money could see the new owner of Bradford suddenly in possession of a large, Odsal shaped hole in the ground.
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16290.jpg :16290.jpg |
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| Quote: AdeleMC "
Bradfords new owner has taken a huge risk because he has no assets other than the players/staff & for the next two seasons to stay in SL he wont be paid SKY money of over £1,000,000 that will be given out to the other clubs in the league over the next two years.
'"
That's because you've already had it in advance in loans to run the club and keep the team together last season, what don't the blubbs fans understand about that?
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19733_1343563234.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_19733.jpg |
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| Quote: AdeleMC "
Bradfords new owner has taken a huge risk because he has no assets other than the players/staff & for the next two seasons to stay in SL he wont be paid SKY money of over £1,000,000 that will be given out to the other clubs in the league over the next two years.
'"
Is that really true? I'm skeptical due to the previous lies we've been fed about this sorry saga. Ever since the lie about buying Odsal to "protect the iconic ground".
If the withheld money is reality I suspect something will be coming in return. Like Bren says, it wouldn't surprise me if its part of a deal to return odsal to the new owners. Or maybe it's a down payment for cut price rent your paying which I'm lead to believe is half what we pay for BV. This, despite the fact it has double the money generating potential. Of course I'm just speculating here as we'll never know the truth to all this. As we've seen nobody can really be trusted to give the fans a clear picture.
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54039_1294695296.jpg [b:p889vjdy][i:p889vjdy][color=#FF0000:p889vjdy]BULLSBOY2011:[/color:p889vjdy][/i:p889vjdy][/b:p889vjdy]
[i:p889vjdy][color=#0000FF:p889vjdy][size=85:p889vjdy]'Pain is temporary, Pride is forever!'[/size:p889vjdy][/color:p889vjdy][/i:p889vjdy]
[color=#FF40BF:p889vjdy]Bradford Bulls Fan Since Birth [/color:p889vjdy]:d7dc4b20b2c2dd7b76ac6eac29d5604e_54039.jpg |
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| 1. Bradford actually refused to sell any players during the administration period. We was offered £300,000 from Warrington for Bateman, both player and the club refused.
2. The Bulls have a hardcore base of around 6,000 fans but have an average of 10,000. Each supporter was willing to donate to the club. Hence the £500,000 was raised. With all due respect to Salford they do not have this man power or the motivation to save (no disrespect intended) if I am wrong please correct me.
3. Yes the RFL did help us....but at what cost? 6 point deduction which cost us a playoff place (which provides more money) and also half the sky money for the next 2 years (so we are at a disadvantage over the next 2 years with less money than the majority of clubs).
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13462.gif :13462.gif |
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| Quote: Catnap "That's because you've already had it in advance in loans to run the club and keep the team together last season, what don't the blubbs fans understand about that?'"
Is this something you know as fact or have you just made this up? Are you seriously suggesting the RFL advanced us Sky money running into millions of pounds?
Our share of Sky money has apparently been distributed evenly between the remaining SL clubs. I would have thought better uses could have been found for it but that's what the SL clubs voted for apparently. So no, we won't be receiving Odsal back for nothing in two years time.
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43457_1320063455.jpg READ THE AUP:
//forums.rlfans.com/viewtopic.php?f=1&t=438945&tsmp=1381997916:d7dc4b20b2c2dd7b76ac6eac29d5604e_43457.jpg |
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| Quote: Bulls Boy 2011 "1. Bradford actually refused to sell any players during the administration period. We was offered £300,000 from Warrington for Bateman, both player and the club refused.
2. The Bulls have a hardcore base of around 6,000 fans but have an average of 10,000. Each supporter was willing to donate to the club. Hence the £500,000 was raised. With all due respect to Salford they do not have this man power or the motivation to save (no disrespect intended) if I am wrong please correct me.
3. Yes the RFL did help us....but at what cost? 6 point deduction which cost us a playoff place (which provides more money) and also half the sky money for the next 2 years (so we are at a disadvantage over the next 2 years with less money than the majority of clubs).'"
As I understand it the administrator is legaly obliged to generate what income he can on behalf of the creditors the club has, refusing to sell any players got the creditors what exactly?
Has any income actually gone the way of any of the (then) clubs creditors?
Where did the (new) club benefit from the £500k?
If the RFL had not held your hand throughout this saga (including before there was any admission of financial trouble) you would not have a club at all to support now, so I would consider that a huge advantage, anything else is irrelevent.
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54039_1294695296.jpg [b:p889vjdy][i:p889vjdy][color=#FF0000:p889vjdy]BULLSBOY2011:[/color:p889vjdy][/i:p889vjdy][/b:p889vjdy]
[i:p889vjdy][color=#0000FF:p889vjdy][size=85:p889vjdy]'Pain is temporary, Pride is forever!'[/size:p889vjdy][/color:p889vjdy][/i:p889vjdy]
[color=#FF40BF:p889vjdy]Bradford Bulls Fan Since Birth [/color:p889vjdy]:d7dc4b20b2c2dd7b76ac6eac29d5604e_54039.jpg |
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| Quote: kinleycat "As I understand it the administrator is legaly obliged to generate what income he can on behalf of the creditors the club has, refusing to sell any players got the creditors what exactly?
Has any income actually gone the way of any of the (then) clubs creditors?
Where did the (new) club benefit from the £500k?
If the RFL had not held your hand throughout this saga (including before there was any admission of financial trouble) you would not have a club at all to support now, so I would consider that a huge advantage, anything else is irrelevent.'"
I do not know all the legal things associated with the administrator but I do know he refused to sell a few players. I can't remember if Sykes was sold to you during this period or after :/
Again I don't know if any of the creditors have been paid but I'm sure some sort of payment will have been made to them, our administrator was more bothered about lining his own pockets rather than helping out creditors (we all hated him at the Bulls, although he did find us a quality owner).
The £500,000 was used to sort out short term cash flow, it paid off the HRMC (spelling?) and this essentially bought us time or else they would have wound us up earlier.
The RFL may have 'held our hand' through the saga and we as supporters appreciate that, they obviously knew about our impending financial situation as they bought the lease to Odsal so it couldn't be sold during the administration period. We were always going to get bought out it was just a matter of the administrator sorting it which he took the mick doing. One of the reasons the RFL helped was because we were very productive as fans to keep the club going......Salford have none of this. I do hope they get sorted but it must start from within like we did.
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41301_1618663057.jpg Wakefields roller coaster ride continues.:d7dc4b20b2c2dd7b76ac6eac29d5604e_41301.jpg |
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| Quote: Bulls Boy 2011 "1. Bradford actually refused to sell any players during the administration period. We was offered £300,000 from Warrington for Bateman, both player and the club refused.
2. The Bulls have a hardcore base of around 6,000 fans but have an average of 10,000. Each supporter was willing to donate to the club. Hence the £500,000 was raised. With all due respect to Salford they do not have this man power or the motivation to save (no disrespect intended) if I am wrong please correct me.
3. Yes the RFL did help us....but at what cost? 6 point deduction which cost us a playoff place (which provides more money) and also half the sky money for the next 2 years (so we are at a disadvantage over the next 2 years with less money than the majority of clubs).'"
Wakefield had to survive the first 2 years in SL with no money from RFL or Sky. No one worried about us then!
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Rank | Posts | Team |
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67078_1338754951.jpg [size=85:97hs1sj6][i:97hs1sj6]'League is much much more physical than Union, and thats before they start breaking the rules' - Adrian Hadley[/i:97hs1sj6][/size:97hs1sj6]:d7dc4b20b2c2dd7b76ac6eac29d5604e_67078.jpg |
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| Quote: bren2k "Let's see if that remains the case in 2 years time; I have a suspicion that the mysteriously 'withheld' Sky money could see the new owner of Bradford suddenly in possession of a large, Odsal shaped hole in the ground.'"
The withheld SKY money is going to the other Superleague clubs.
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50722_1319672516.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_50722.jpg |
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| Quote: AdeleMC "The withheld SKY money is going to the other Superleague clubs.'"
I'm aware of that - I imagine it was the only way that the SL Chairmen could be persuaded to vote for the RFL's increasingly crackpot handling of the situation.
It doesn't have any impact on how I perceive the situation.
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Rank | Posts | Team |
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67078_1338754951.jpg [size=85:97hs1sj6][i:97hs1sj6]'League is much much more physical than Union, and thats before they start breaking the rules' - Adrian Hadley[/i:97hs1sj6][/size:97hs1sj6]:d7dc4b20b2c2dd7b76ac6eac29d5604e_67078.jpg |
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| Quote: Catnap "That's because you've already had it in advance in loans to run the club and keep the team together last season, what don't the blubbs fans understand about that?'"
They didn't loan us SKY money two years in advance. Even if the RFL paid wages for 3 months of the season.. Baring in mind when Mr Khan bought us that would be nowhere near that amount of money. Unsure where you've got that from.
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67078_1338754951.jpg [size=85:97hs1sj6][i:97hs1sj6]'League is much much more physical than Union, and thats before they start breaking the rules' - Adrian Hadley[/i:97hs1sj6][/size:97hs1sj6]:d7dc4b20b2c2dd7b76ac6eac29d5604e_67078.jpg |
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| Quote: bren2k "I'm aware of that - I imagine it was the only way that the SL Chairmen could be persuaded to vote for the RFL's increasingly crackpot handling of the situation.
It doesn't have any impact on how I perceive the situation.'"
Of course not. Bradford Council still have the freehold of Odsal anyway and believe me many of Bradford's fans wernt happy with how everything was dealt with. I'm trying to point out that `RFL help` isnt always a good thing. It made finding a buyer more difficult and has left the new owner at a disadvantage.
Yes we have a new owner & everythings good but IMO If our previous chair admitted the problems initially with Odsal's leasehold intact the club/new owner would be in a better position now.
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43457_1320063455.jpg READ THE AUP:
//forums.rlfans.com/viewtopic.php?f=1&t=438945&tsmp=1381997916:d7dc4b20b2c2dd7b76ac6eac29d5604e_43457.jpg |
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| Quote: AdeleMC "Of course not. Bradford Council still have the freehold of Odsal anyway and believe me many of Bradford's fans wernt happy with how everything was dealt with. I'm trying to point out that `RFL help` isnt always a good thing. It made finding a buyer more difficult and has left the new owner at a disadvantage.
Yes we have a new owner & everythings good but IMO If our previous chair admitted the problems initially with Odsal's leasehold intact the club/new owner would be in a better position now.'"
Yeah it would have been so much better without all that pesky RFL help!!!
I've never heard such disingenuous crap!!
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