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| Quote ="melly88"Does this now mean there is not enough money in the bank to cover this months wages??
ALSO- Is it bad press release to say RFL are paying last months wages or RFL stirring the pot some more??'"
It is clearly factualy incorrect to say the RFL are paying the wages. The administrator is paying wages using funds distributed to all clubs....like all clubs do, so we are using our own money that originated from sky via the rfl. Also, it says we have been using the £250K to pay wages, but it does not say we've used it up, for all we know that could last another couple of months? Certainly I'd guess it will be enough to get us to the point of new ownership, if a new owner stands up in a reasonable time frame (before the next home game would be my hope)
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| Quote ="kinleycat"99% of what has gone on between the Bulls owners (various) and the RFL has gone un written over the last few years, either initially or until something else has led for a need for it to be disclosed.
I can asure you it is true, and it was not a knock at the Bulls or strangely (for me) a knock at the RFL, just a bit of reality.'"
I can prove you talk !
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| Quote ="Northernrelic":20lz31gnUnfortunately they tried to fight the fire by throwing more bundles of cash on it'" and he simply made bad choices, imo, viewed of course with 20/20 hindsight. As for his successors, the one thing it shows, is that in desperate times, even people we might normally think of as staid and 'sensible' businessmen can turn to desperate measures.
We do judge on results though, so much as if, for example, Hood's desperate price reduction scheme had come off, we'd have regarded him as a visionary. History tells us it didn't though, so unfortunately he's yet another loser.
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| Quote ="Duckman"It is clearly factualy incorrect to say the RFL are paying the wages. The administrator is paying wages using funds distributed to all clubs....like all clubs do, so we are using our own money that originated from sky via the rfl. Also, it says we have been using the £250K to pay wages, but it does not say we've used it up, for all we know that could last another couple of months? Certainly I'd guess it will be enough to get us to the point of new ownership, if a new owner stands up in a reasonable time frame (before the next home game would be my hope)'"
You would have to assume that is true Duckman or the Administrator wouldn't allow the club to trade. The one thing he certainly isn't is some kind of philanthropist.
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| Quote ="Maccbull_BigBullyBooaza"I can prove you talk rubbish!'"
The person who told me was right last time, i have no reason to doubt him.
As it stands there is not enough money in the pot to pay next months wages either so this will continue until a new owner is found or further assets will have to be sold.
This is what i have been told, you can believe it or not.
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| Going by your track record
Not
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| Technically the RFL did pay the wages for January & February, but it came from the sky money that the Bulls were entitled to anyway. The governing body held back the 360K tv money that was due to the club in February until the ownership saga had been completed, they couldn't pay it out until the adminsistrator had made a decision on which bid was to be accepted and that decsion was ratified and completed, which was expected to be a fairly quick process. But as we know that didn't quite go to plan so the Bulls never got the money and most of it is now used. But as this money would have been used to pay the wages anyway who paid it is irrelevent, it was the same money that was used.
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| Quote ="roger daly"Going by your track record
Not'"
I'd say my track record is much better than some on here that have believed everything told to them for the last few years.
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| So does that mean if any other club uses any of their Sky money to pay wages, the RFL are also paying their wages?
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| Quote ="roger daly"So does that mean if any other club uses any of their Sky money to pay wages, the RFL are also paying their wages?'"
Maybe if the cash was being withheld due to the turmoil that makes it technically right, the problem with this admin and indeed the other admin is that so much of it is rumour and secrecy it is very hard to get an accurate reflection on what is really going on.
Financially from 2008 onwards the Bulls have been a basket case, to pick out anything as any kind of fact is going to be tricky.
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| Quote ="roger daly"So does that mean if any other club uses any of their Sky money to pay wages, the RFL are also paying their wages?'"
I imagine all clubs use the Sky money to pay wages, the game is hardly rolling in cash! The only difference is the RFL usually distribute it to the clubs and they pay the employees, in this case as Bradford had entered admin they in effect payed it direct to the players & staff themselves. This meant the administrator didn't have to find money immediately for wages, just the other creditors and ensured that people got their wages on time and in full. There may just about be enough money kicking around for another months salaries, or at least part of them. But time is of the essence now and the ownership fiasco needs sorting quickly otherwise more players will have to go in the next couple of weeks to cover the outgoings.
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| every club uses the sky money to run the club, if they didnt there would be another 12-13 clubs under the operation of an administrator
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| Quote ="roger daly"So does that mean if any other club uses any of their Sky money to pay wages, the RFL are also paying their wages?'"
Indeed. Of course, all the other clubs are also using their share of Bradford's money that they are trousering to part-fund their businesses, but we'll pretend they're not.
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| Can somebody please tell me how they know how much money the Bulls have got or haven't got,how much the RFL have given them out of the Sky money or not given them. Please show us how you have all the facts
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| I've just been to thank my boss for paying my gas and electric bills, my council tax, my car,my car insurance,my Tescos weekly shop,my Sky,my mobile,for all the time I have worked for him
Jolly decent bloke
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| Quote ="sixtogo"I imagine ... in this case as Bradford had entered admin they in effect payed it direct to the players & staff themselves. ...'"
You imagine wrong. the RFL cannot, and will not, become an employer otherwise it would be in a TUPE position plus would have to deduct tax, NI and all the rest. Wages will be paid via the business, which the administrator is running.
Quote ="sixtogo" But time is of the essence now and the ownership fiasco needs sorting quickly otherwise more players will have to go in the next couple of weeks to cover the outgoings.'"
Players have not gone "to cover the outgoings", if you think we have been trousering large transfer fees you are simply wrong. Players have gone because those players judged it in their personal best interests.
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| and to reduce running costs surely?
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| Quote ="roger daly"Can somebody please tell me how they know how much money the Bulls have got or haven't got,how much the RFL have given them out of the Sky money or not given them. Please show us how you have all the facts'"
Facts have been a financial scarcity for a number of years yet you have been willing to believe them.
Now people are challenging that in light of some pretty big evidence (2 admins etc) you get all shirty and demand hard evidence!!
Jeez!!
All i can say is its a shame you weren't genning up on Miss Marple paperbacks back then, maybe you could have been some use to the club!!
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| the club is worth more as a going concern, the administrator can only run the club if he has funds. So the central funds that are due to Bradford are given to the administrator along with all revenue generated from games. Suppliers of services and refreshments etc etc will want paying up front before they offer their services if the money runs out before the club is bought that is when it gets really ugly (and it's bad enough now for the supporters and those who work for Bradford....you would not wish this scenario on your worst enemy)
Hope someone steps forward asap to take over.
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| Quote ="Ferocious Aardvark"You imagine wrong. the RFL cannot, and will not, become an employer otherwise it would be in a TUPE position plus would have to deduct tax, NI and all the rest. Wages will be paid via the business, which the administrator is running.
Players have not gone "to cover the outgoings", if you think we have been trousering large transfer fees you are simply wrong. Players have gone because those players judged it in their personal best interests.'"
Hmm nice editing to suit. Anyway...
First hence the words 'in effect'. The RFL witheld general distribution of sky monies, only transferring an amount over to the adminsistrator to cover the wages. This was done and passed on to the staff within the same day. An exact amount in and out within a matter of hours carried out on two occaisions.
Secondly you have received transfer fees which will go/have gone towards running costs, whether they are 'massive' or not is irrelevent. This also has the effect of cutting down the upcoming wage bill. Yes the players couldn't be forced to leave and have gone because it is in their and their families best interests. But the fact remains that the administrator needs funds to run ther business whilst a buyer is found and the more he can raise and the less it costs to keep the business ticking over as a going concern the better. Hence if he deems it necessary he will sell players to raise whatever funds he can from the sale and cut the running cost by shedding their wage until he can cut no further.
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| Quote ="roger daly"Can somebody please tell me how they know how much money the Bulls have got or haven't got,how much the RFL have given them out of the Sky money or not given them. Please show us how you have all the facts'"
You tend to find when employees are upset, worried, angry they tend to talk quite openly about the situation and seek out advice. And right now and understandably the Bulls have some staff that fit all those descriptions.
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| Is that your proof?
So shall we all agree you have no proof
But don't worry,it sounds good which is all that matters
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| Quote ="roger daly"Is that your proof?
So shall we all agree you have no proof
But don't worry,it sounds good which is all that matters'"
No skin off my nose pal, if it makes you happy you believe whatever you like i'll leave you to your little world. I'm sure you can satisfy yourself with your proof that it didn't happen.
Good luck to you, i fear your going to need it.
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| Zzzzzzzzzzzzzzzzzzzzzz
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| Quote ="kinleycat"The person who told me was right last time, i have no reason to doubt him.
'"
Yeah you do he's wrong that's usuaully a good reason to doubt someone.
Quote ="kinleycat"As it stands there is not enough money in the pot to pay next months wages either so this will continue until a new owner is found or further assets will have to be sold.
This is what i have been told, you can believe it or not.'"
I don't believe it no.
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