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| If the worst case scenario was to happen to bradford, should we as a club be sniffing around?
Does anyone think some of their players could do a job for us? if so who?
discuss...
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| Do you really believe we are in a position to take any more players in? I'm pretty sure the only way we could is by off-loading several before we even start thinking about this.
Just goe's to show that even by getting 10,000+ supporters thruough your gates using heavily discounted season tickets over several years you cannot sustain a business by discounting alone.
Personally, I hope they get the funding they need to keep going but I think it will be hard to get £1m in donations by mid April.
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| I actually hope they don't - the deal for the RFL to buy the ground stunk for a variety of reasons I opened up at the time and perhaps others may look at our conservative middle of the road "lacking ambition" if you prefer to call it that management and appreciate that the LACK threat of financial doom is something to be proud of.
Without point scoring, ask our neighbours accross the common - I am not having a pop, but you have to balance the books.
If Bradford cant sustain a business on their income, then a charitable bail out only prolongs a failing business. Even with the ground sale? Bad business management anyone?
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| Correct me if im mistaken, but hasnt basil said numerous times thats if the 'right player' became available he would sign? i maybe wrong lol.
getting back on topic, if it was the case and we were able to snatch 1-2 anyone you fancy?
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| We shouldnt be waiting , we should get in there now with some daft offers , THEY NEED CASH NOW
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| My memory may be wrong but haven't the Bulls had a couple of us when we've gone down over the years? Lynch, Platt and Godwin spring to mind but I may be wrong.
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| Don't hold you're breath I smell a bail out.
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| Quote ="mdean"I actually hope they don't - the deal for the RFL to buy the ground stunk for a variety of reasons I opened up at the time and perhaps others may look at our conservative middle of the road "lacking ambition" if you prefer to call it that management and appreciate that the LACK threat of financial doom is something to be proud of.
Without point scoring, ask our neighbours accross the common - I am not having a pop, but you have to balance the books.
If Bradford cant sustain a business on their income, then a charitable bail out only prolongs a failing business. Even with the ground sale? Bad business management anyone?'"
Correct, but in fairness to us we were excluded from SL at the start and have not won nearly a dozen trophies in that time. To mis manage a long time fading club like Trinity is bad enough, but to get a poster boy club like the Bulls in this sate is criminal and could have been avoided if acted on much much earlier.
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| People who are on our BODs back about spending more on players need to take heed!!
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| Quote ="mdean"I actually hope they don't - the deal for the RFL to buy the ground stunk for a variety of reasons I opened up at the time and perhaps others may look at our conservative middle of the road "lacking ambition" if you prefer to call it that management and appreciate that the LACK threat of financial doom is something to be proud of.
Without point scoring, ask our neighbours accross the common - I am not having a pop, but you have to balance the books.
If Bradford cant sustain a business on their income, then a charitable bail out only prolongs a failing business. Even with the ground sale? Bad business management anyone?'"
Absolutely agree, on ALL points.
The issue that will be hard for the Bulls fans will be entering administration, its not at all good, but they will see in time that the people who got them into this position will be gone, and at this point that (and the continuation of their team) is the most important thing.
Wakey paid up unnecessarily much of our debts, and i think that is a honourable thing to do although i do think it SHOULD be done, it won't convince ming mong's such as forrard or whatever its called at the minute, but for a club in trouble, being badly run and hurting it's self and its own supporters, administration should be looked upon positively.
IF any club was in trouble i would advocate administration as a way of cleansing the clubs soul, under strict conditions.
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| Quote ="vastman"Correct, but in fairness to us we were excluded from SL at the start and have not won nearly a dozen trophies in that time. To mis manage a long time fading club like Trinity is bad enough, but to get a poster boy club like the Bulls in this sate is criminal and could have been avoided if acted on much much earlier.'"
Also agree with this.
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| They don't raise the funds, they go bust, "Bradford Bulls 2012 Ltd" is hastily formed with a clean slate, signs up all the players and plays their home games out of the RFL's latest acquisition. The creditors get sod all, nobody says a word and it's all forgotten about come Franchise time....
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| Quote ="Disco"They don't raise the funds, they go bust, "Bradford Bulls 2012 Ltd" is hastily formed with a clean slate, signs up all the players and plays their home games out of the RFL's latest acquisition. The creditors get sod all, nobody says a word and it's all forgotten about come Franchise time....'"
That could never happen ..... oh wait
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| Quote ="Disco"They don't raise the funds, they go bust, "Bradford Bulls 2012 Ltd" is hastily formed with a clean slate, signs up all the players and plays their home games out of the RFL's latest acquisition. The creditors get sod all, nobody says a word and it's all forgotten about come Franchise time....'"
Here is where the RFL have left themselves in a spot becuase of buying the ground.
Come the next round of licenses when exactly what is described above has happened, the RFL have left themselves in a situation where they HAVE GOT to change, flex the criteria to be sure of the Bulls getting a license. Regardless of any financial debacle. Or, pretend it was all fairly done - becuase otherwise if they sink the Bulls franchise then they own a crater in Odsal with only real estate value and nobody renting it.
I am sorry for the honest Pro's making their living at the Bulls and I am sorry for the fans of the club who are showing up. But if your club can't be managed effectively, then you deserve to sink ask Leeds United.
Having to be bailed out on the ground was terrible, so allowing the situation to worsen and not act to reduce costs at that time is nothing short of criminal negligence in a business sense.
Sorry Bulls fans, but I hope you are not saved by shady charitable means that 'pretends' everything is OK in the next license award, becuase it will smack of a double standard ehtically that the "new" company starts debt free and shafts the current creditors.
I am not going to have a cheap pot shot at Wakey - they were only saved by the Crusadrers farce and all right minded Wakey fans knew this - they were dealt the cards. Fair play to them, they are moving on now and good luck to them.
I am grateful my club I can say with certainty will still exist in 5 years time come what may, I am grateful we own our assett and I am glad in the last license applications we were not saved at the 11th hour by someone else failing.
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| Bradford have been a poor team for a good few years now, and fans won't turn up to watch a losing team. The rfl won't let Bradford go under as they own the ground.
Double standards!
Feel sorry for their fans though.
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| Quote ="Manor Park"That could never happen ..... oh wait
'"
Truth is they are not alone, with RW at the helm I would be concerned if I were you and I don't mean that in gloating way either - very few SL are in a healthy state at the moment. I reckon this is just the start.
What many don't know is that he RFL commended Wakefield on there finances as late as Sept 2009 nor as a share holder did our accounts for 2008 (presented 2009) look all that bad either, basically one year before we went bust.
Most clubs other than those already purged (basically us) are to a bigger or lesser extent crippled with old debt. This in a time when banks simply will not lend more and are all to happy to claw it back by pulling the plug - which is effectively what happened to us and now Bradford. Castleford are as vulnerable as any, in fact by virtue of not having gone bust in the past (as far as I'm aware) you may have more toxic debt than most but that is pure speculation on my part.
Nervous times for the game.
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| don't worry rl will bail then out after all can't have a big club In administration but for a club has big has the bulls it's worrying for the whole of super leauge
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| Quote ="DEAN3271" it's worrying for the whole of super leauge'"
Not really, they were doomed when you run a club this way:
Cheap season tickets
Spend the full salary cap on under-performing players
...the cheap season tickets is the problem imo, you can't lose out that much on season tickets.
Where as if you look at Cas, they don't spend the cap because they know they can't, and the loss they did make last year wasn't anything compared to the other teams and as long as Fulton is still around, the club is fine.
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| Quote ="Gronk!"Not really, they were doomed when you run a club this way:
Cheap season tickets
Spend the full salary cap on under-performing players
...the cheap season tickets is the problem imo, you can't lose out that much on season tickets.
Where as if you look at Cas, they don't spend the cap because they know they can't, and the loss they did make last year wasn't anything compared to the other teams and as long as Fulton is still around, the club is fine.'"
OMG
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| Quote ="vastman"Truth is they are not alone, with RW at the helm I would be concerned if I were you and I don't mean that in gloating way either - very few SL are in a healthy state at the moment. I reckon this is just the start.
What many don't know is that he RFL commended Wakefield on there finances as late as Sept 2009 nor as a share holder did our accounts for 2008 (presented 2009) look all that bad either, basically one year before we went bust.
Most clubs other than those already purged (basically us) are to a bigger or lesser extent crippled with old debt. This in a time when banks simply will not lend more and are all to happy to claw it back by pulling the plug - which is effectively what happened to us and now Bradford. Castleford are as vulnerable as any, in fact by virtue of not having gone bust in the past (as far as I'm aware) you may have more toxic debt than most but that is pure speculation on my part.
Nervous times for the game.'"
I am not normally a basher of yours, even less a person to directly respond to an individual opinion - I usually appreciate balanced and free speech. This however is nothing more than a poorly veiled "It could be you next" it adds nothing to the thread and serves only to try and vindicate your own clubs former position by casting doubt on everyone elses. Good luck to you and yours for the new era and the newly formed debt free company and taking the opportunity given to your club - but don't try and implicate everyone else in the financial mire.
I like a debate and a balanced discussion, but this is nothing of value in that area in my opinion.
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| Quote ="binks"People who are on our BODs back about spending more on players need to take heed!!'"
Thank God someone still has a grip on reality. I'm amazed that despite the warnings from Crusaders, Wakey and now Bradford some Cas fans' immediate reaction is, 'Great, there may be some players available, lets buy a couple.'
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| Quote ="binks"People who are on our BODs back about spending more on players need to take heed!!'"
Bradford have lived beyond their means, mind you the Harris case was the beginning of the slippery slope for them.
I certainly don't want the club to adopt a "Leeds United" spend policy, but to spend it more wisely. I will sound like a cracked record here but large 4 year deals for Mcgoldrick & Hudson?...3 year deal for Snitch?
The club needs to be a bit more savvy in contract negotiations.
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| Ha ha ha, good old Vasty. What does go on in that head of yours.
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| "Truth is they are not alone, with RW at the helm I would be concerned if I were you and I don't mean that in gloating way either - very few SL are in a healthy state at the moment. I reckon this is just the start."
Vasty - you do realise RW is our only our CEO don't you ?. He does have a fair size share in the club - granted, but you talk about him "at the helm" is way off the mark if you think he is running the club. Jack Fulton is the Chairman and chief benefactor along with his son Ian. RW as CEO is the equivalent of Elston and is answerable to JF.
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| Quote ="marshman"Ha ha ha, good old Vasty. What does go on in that head of yours.'"
[size=200ECHO[/size , [size=150ECHO[/size, ECHO, [size=85ECHO[/size, [size=50ECHO[/size
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