There could be another Hetherington in West Yorkshire

Whilst a lot of people say “no news is good news” I am starting to wonder why there is still utter silence coming out of the club. There has been plenty of time for the club to formulate their plans and get something out to the media and fans, a lack of comments from a member of the board in the last game day magazine was a bit poor in my mind. I feel as if the fans are being treated like mushrooms. (Kept in the dark ad feed bull”%^T)
Come on Bradford lets have some NEWS

Hopefully we'll get some news sooner rather than later. I've read plenty of rumours that players and staff have been told they're safe but no actual confirmation. Until it's officially confirmed we'll all have our doubts. It surely can't be long now can it?

I'm sure that we'll hear plenty from the club when season ticket renewals are due.

If its any help
Just past Odsal
Morrison van parked in entrance
Seabrook crisps packet blowing down road
Big black merc with dodgy looking chap in back oppersit
Truck with tipping service parked on waste land
UPS truck delivering cash

Don't know whats going on now

If I were a Bulls fan I'd be worried about the news about Rangers today. It's a sign that HMRC (if they're one of the creditors) are not going to accept CVAs (administration) from sports clubs, having had their fingers burnt after the Portsmouth situation. Instead they're forcing CVLs (liquidation) and back-investigation of directors. Details here [urlhttp://blogs.channel4.com/alex-thomsons-view/rangers-taxman-walk/1899[/url.

Didnt rangers owe something like £70million though, same for most football clubs who owe money they dont owe abit they owe tens of millions

As we are not in administration - why?

Second, HMRC has always tended to vote against such proposals as a matter pretty much of policy, and the issue is usually whether they have the casting vote or not.

It's difficult if not impossible to see what parallels you could draw between the Bulls situation, and the shenanigans at Rangers. In fact the HMRC commented that "...its general policy of not agreeing to a CVA where there is strong evidence of non-compliance by a company with its tax liabilities". (Rangers owe them well over £20m). I hope you're not suggesting there is such evidence at Odsal? If so I'd be very careful what you write.

Why should we be? We are not proposing any form of insolvency as it stands, to my knowledge?

And anyway, a CVA is NOT Administration. It is a Company Voluntary Arrangement. A voluntary composition with creditors. Administration is a procedure whereby the High Court grants an order for protection from creditors where there is realistic chance of the business being saved as a going concern.

In practice, for the legal entity concerned, the end result is usually the same -Creditors' Voluntary (oxymoron alert...!) Liquidation, after the assets have been acquired by Newco or whoever. The difference is that an administrator is charged with trying to save the business if possible. A liquidator's job is simply to liquidate the assets on behalf of the creditors.

But don't worry, there remain people on here who think Administration is the solution to our problems, and deride anyone who seeks to emphasise the risks of any form of insolvency. I believe...or at least I hope, that the current board are extremely alive to the risks, and are therefore being honest when they assert they are desperate to avoid administration. They will surely know the current stance of HMRC (and it predates Rangers) as well as anyone.

I wasn't suggesting that.

I was taking "non-compliance by a company with its tax liabilities" to mean plain-and-simple inability to pay at the time of and just before administration/liquidation, and the HMRC using the opportunity to look at what can be clawed back for the exchequer. They got nothing back from Portsmouth under CVA and would be hoping to get more from Rangers and their directors under CVL.

I appreciate the sums involved are of different magnitudes, but HMRC have put a lot into the Rangers case as precedent.

I raised it as a genuine enquiry because from scanning this board, it appears a lot of Bradford fans take administration as a given, even desirable, outcome and part of the grand Caisley plan. Adeybull says different, and if that's the case then there's obviously no parallel with Rangers except in hypotheticals.

Adeybull HOPES different. Since as I keep saying Administration is likely to solve little financially.

I thought they meant something more blatant than that, such as not paying the PAYE/VAT whilst still buying players?

but the words were "strong evidence of non-compliance". Whatever that means (and to me it is crystal clear; irresponsible/reckless shenanigans, to use the vernacular) one thing it does NOT mean is the above. Why not? Because your interpretation just needs a simple yes or no, and is a black or white issue ("was there a plain-and-simple inability to pay"icon_wink.gif. "Evidence" doesn't come into it, and all the more so, what would "strong" add?


Disagree entirely. The most cash would be to accept the deal, and usually, HMRC votes against. Indeed in many cases HMRC precipitates the liquidation, even if pre-admin offers are made which would over time have (if kept to) led to a 100% recovery for HMRC.


I wasn't suggesting you didn't. I'd add that sadly, most fans know aklmost zero about insolvency, administration etc and just view it as some legal mumbo jumbo which they expect means you write your debts off and carry on as before. As indeed - especially in the case of some soccer clubs, and the "prefer football creditors" scam which the Courts have just ruled perfectly legal) - they are encouraged by brief reports to think.

Still waiting....

Just a supposition really, but I would have thought that the next home game would be a great time to introduce a new benefactor so they might enjoy the appreciation of the Bulls faithful...

Certainly I wouldn't be surprised if we didn't hear anything before the next game.

www.creditman.biz/uk/members/new ... c=NNow4251 Seems we'll know for certain within 14 days then.. a little less optimistic today after reading this..

www.creditman.biz/uk/members/new ... c=NNow4251 Seems we'll know for certain within 14 days then.. a little less optimistic today after reading this..

www.creditman.biz/uk/members/new ... um=twitter Close to the edge as the club moves to appoint Administrators Just realised it has been posted elsewhere! Apologies. Please merg with other thread.

www.creditman.biz/uk/members/new ... um=twitter Close to the edge as the club moves to appoint Administrators Just realised it has been posted elsewhere! Apologies. Please merg with other thread.

The "£1m to complete the season" sounds grim.

Presumably "developments last Friday" was the HMRC winding up order? I thought we were more or less up to date with HMRC??

Sounding like my hopes may prove optimistic.

Sounds to me like its giving us more time.. that we've had to do this to stop HMRC winding us up..

i suppose if they need more time it's a good option. It also says though we didn't have a sustainable business plan which Hood was adamant we had which is worrying. Hopefully the rumours are true, there's something in the pipeline and we've had to do this whilst the finer details are being ironed out.

Very grim indeed.. that and the fact that they state ` the reality is that this is a loss making business`

Im sure Mr Hood assured us we had a sustainable business plan.. Fingers crossed we've only done it to buy more time whilst potential investors iron out finer details..

for us that dont know what this means

A "notice of intention of appointing administrators" is where the company files, at court, a document that outlines that they intend to go into administration if a solution cannot be found to their immediate financial problems. Once this is notice has been sent to the court a moratorium is created over the company preventing any creditor from starting any legal action or continuing any existing legal action against the company without express permission from the court.

Be interested in Frank W and Pauls comments on latest development as they were pretty certain last week that a financial solution was imminent. Hopefully as others have said this is just to give us breathing space whilst details are finalised.

Adey what happens at the end of 14 days if we don't appoint administrators? Do we officially withdraw the application of intent ?

Its now in the t&a - www.thetelegraphandargus.co.uk/s ... um=twitter

Its now in the t&a - www.thetelegraphandargus.co.uk/s ... um=twitter