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| Quote ="bigcol2"wakefield only stayed in sl because crusaders dropped out'"
Yawn.
Please back your statements with facts, not frivolous hearsay and rumour.
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| Quote ="Cibaman"The key question is how much they're prepared to pay the creditors, which we haven't been told'"
I'd hope that the staff and suppliers are paid what's owed them. I'm hoping that's the case and they've been tipped the wink given that they're all back "voluntarily".
But the tax man and the bank provided it doesn't impact on our superleague licence going forward I say screw them TBH!
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| Quote ="smoking monkey"It could, because if the Bull's business failings don't warrant forfeiture of license (and I'm not saying they do) who else is likely to be in a sufficiently worse situation to justify expulsion in 2014?'"
But there doesn't [ihave[/i to be " a situation", nor does there have to be any "justification"; simply not being in the top 14 applicants for the 2015 season is sufficient reason not to be included in SL. It's down to which 14 clubs the RFL believes are likely to bring more to the table than the others. Simple as.
That clearly includes the possibility that one (or more) clubs which have met all the basic conditions might not get in. There is no 'reason', to be given; they just weren't in the RFL's 'best' 14.
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| Quote ="mat"no ones suggesting the RFL 'give' the lease back. The consortium want to Buy it back. So there is no big handout. Whether the amount the consortium want to pay for the lease and the amount the RFL are prepared to sell it for are in the same ballpark is I guess where negotiations are involved. As for consortium selling the ground in a couple of years, they cant as they dont own the freehold. All they can do is sell the lease ( which I think only allows the use of the site as a sports stadium).'"
Thanks for clearing that up, looks like balls in the RFL's court then as I would be very suprised if the other clubs vote to oust you.
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| The RFL have already said they will not accept conditional bids - this is a conditional bid. Not sure that we have much progress
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| The consortium holds all the cards here!
The RFL will lose out when the ground is sold back at a much reduced price, which means in turn we as supporters lose out as that is effectively our money!
The consortium can hold the RFL to ransom, and this is exactly what they will do, they would be stupid not too.
The RFL (Richard Lewis) has a lot to answer for, the RFL should have never have got involved.
I only hope when the next SL club goes to the wall the RFL are there with a pot of money for them!
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| Quote ="Cibaman"Except that it isn't really a "£3m offer". That's just the losses that they expect to make in the next couple of years. The key question is how much they're prepared to pay the creditors, which we haven't been told'"
what is your source for that? the TnA article clearly states "£3m offer to buy the Bradford Bulls", not "£3m business plan for assets and losses for next few years". I would guess that the lease buy back is included in that at whatever value.
but its what they see as the scope for increased revenue that I find interesting. all that car parking space would cater for much more than the coral stand, 7 days a week.
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| Quote ="martinwildbull"what is your source for that? the TnA article clearly states "£3m offer to buy the Bradford Bulls", not "£3m business plan for assets and losses for next few years". I would guess that the lease buy back is included in that at whatever value.
but its what they see as the scope for increased revenue that I find interesting. all that car parking space would cater for much more than the coral stand, 7 days a week.'"
If you ignore the headline and read the meat of the article I would agree with Cibaman
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| Quote ="wykebull"The RFL have already said they will not accept conditional bids - this is a conditional bid. Not sure that we have much progress
'"
Depends on whether it's a red line or a negotiating position, I guess.
My suspicion is that, at a base level, the RFL would hate to see us go to the wall, for all the obvious reasons, so whether it's a red line that slowly becomes a negotiating position depends on how much they'd like to keep us in, [iand[/i how much ABC want the club. Who blinks first for ABC and RFL and squeaky bum time for us.
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| Quote ="martinwildbull"what is your source for that? the TnA article clearly states "£3m offer to buy the Bradford Bulls", not "£3m business plan for assets and losses for next few years". I would guess that the lease buy back is included in that at whatever value.
but its what they see as the scope for increased revenue that I find interesting. all that car parking space would cater for much more than the coral stand, 7 days a week.'"
Quote in the T&A from BG...
'There will be losses for three years and we are talking about two and a half to three million pounds. That is a lot to be philanthropic. People are throwing their money away and some generous benefactors are putting in big money to help out'.
So reading between the lines they have made an offer that covers the projected losses. No mention of any bid for the Odsal lease.
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| That's how I read it too
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| Quote ="Theboyem" No mention of any bid for the Odsal lease.'"
Or any payment to the creditors
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| Quote ="Cibaman"Or any payment to the creditors'"
The payment to the creditors will come out of the sale of the club by the administrators less their fee
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| The RFL are now saying the adminstrater hasnt recieved any offer, wtf!!!
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| Quote ="steamingbull02"The RFL are now saying the adminstrater hasnt recieved any offer, wtf!!!'"
Yea, just read that on Sporting Life website and that administrator was unavailable for comment.
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| Quote ="steamingbull02"The RFL are now saying the adminstrater hasnt recieved any offer, wtf!!!'"
Heartily sick of being treated like a mushroom now. Can they just sort it and tell us result when it's all over?
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| So the offer is to cover the losses for the next 3 years, no payment for creditors and the RFL hand odsal back to them for free?
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| Quote ="Theboyem"Quote in the T&A from BG...
'There will be losses for three years and we are talking about two and a half to three million pounds. That is a lot to be philanthropic. People are throwing their money away and some generous benefactors are putting in big money to help out'.
So reading between the lines they have made an offer that covers the projected losses. No mention of any bid for the Odsal lease.'"
Why would they pay the administrator, who is then going to pay the creditors etc out of the money , £3m to cover future losses, as those future losses will need to be covered by them not the administrator? add the money for the lease, would you buy a business for £3-4M that is also going to lose £3M making your total investment £6-7M?
If they are indeed paying that amount, then its back to the most interesting point, where is the increased income going to come from to make that size of investment worthwhile?
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| Quote ="wildshot"Yawn.
Please back your statements with facts, not frivolous hearsay and rumour.'"
the fact is the bulls spent more money than they had
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| Quote ="bigcol2"the fact is the bulls spent more money than they had'"
I thank you for your powerful and incisive insight into the Bulls predicament. Do you seriously think there is anyone on here who doesn't know that already? If you'd read the odd thread, before diving in with that earth shattering info, you could have saved your time and our annoyance.
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| Quote ="mat"Heartily sick of being treated like a mushroom now. Can they just sort it and tell us result when it's all over?'"
Reading the articles, it doesn't appear that there has been any direct communication betwen ABC and the RFL. All the quotes attributed to the RFL seem to be suggesting that they're only getting their information from Gilfoyle. If that's true they need to get the 3 parties in a room together.
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| It's heading for liquidation IMO.
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| Been out of touch for a few days, but saw this thread and thought excellent news. How stupid of me to think everything would be going smoothly...
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| Quote ="mat"Heartily sick of being treated like a mushroom now.'"
Me too, 36 years supporting the club and all of the lies and decipt first from Casiley and his cronies and now from Guilfoyle leave me feeling like I don't give a anymore.
If only everyone else at the club was as honest as the fans maybe we wouldn't be in this mess.
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