It could well be that a financial solution was imminent but that the benefactor was put off (possibly temporarily) by the HMRC proceedings. No point him/her throwing their money away, as the fans may have done.

I get the impression it's purely delay tactics. However, this obviously conflicts with what I was given last week, so I'm no longer sure myself unless something happened pretty quickly.

If another piece of information is correct, we might not be the only club to be filing for administration in the next week or two.

I hope all those who complained about lack of information or half truths about hood understand all boards are like that but our newly formed board is clearly motivated only by caisleys ego and any coulby about avoiding admin were only delay tactics and he is just a piece in caisleys well thought out chess manouvre

delay or no delay it is still lies we have been fed by two boards

OK then I believe Wakey used the same tactic last year when we were courted by Glover and Parkin, at the death it was going to be Parkin but he allegedly pulled out, Glover then purchased the club from the Administrators.

This is no different to where you are unless you pay the immediate debts, in reality what investor is going to chuck dosh at HMRC when the club can be wound up and bought for a song in administration there appears to be a lot of smoke and mirrors on in the communication strategy of the Bulls no smoke and no mirrors. Prepare for the inevitable and rise from the ashes. The few days in admin whilst investors crawl all over the business will be the critical time around predetors and fire sales etc to pay for the admin charges.

I am no financial expert and I am sure that someone will shoot down what i have said but in laymans terms thats how I saw it at wakey and I see no difference here.

Well Well Well, how can HMRC put a winding up order on a club that doesn't owe them anything


A couple of prominent posters clearly stated that there were no outstanding monies to HMRC and that a payment plan was being honoured, me thinks the board are not the only ones that have been lying to the Bulls Fans



Personally I hope it all works out for the bulls and that the club comes out of this in the same way Wakefield have and become stronger and more business savvy, but I think a number of people need to wake up and smell the coffee

Here's another view of the same events: www.loverugbyleague.com/news_929 ... ation.html Keep your bits well clenched, your wallets in your pockets, and your faith in the future of your club. Good luck, but you'll all be alright.

Here's another view of the same events: www.loverugbyleague.com/news_929 ... ation.html Keep your bits well clenched, your wallets in your pockets, and your faith in the future of your club. Good luck, but you'll all be alright.

[url=http://www.bradfordbulls.co.uk/news/5935/BULLS%20STATEMENTBulls Statement[/url

Is anyone honestly surprised by this state of affairs?

I wouldn't be surprised to see Caisley buy back the club for £1 just like Bates did over at Leeds Utd

It's ten working days.

The moratorium period is usually employed to put together or finalise a prepack, although that is not a given, especially where a floating charge holder takes over the proceedings or there is a last minute white knight.

If the club had agreed instalments payments on the image rights tax and the lease sale VAT, then either they must have failed to comply with the instalment payment terms or not paid other taxes due, one presumes the 19 May PAYE since Hood stated by implication the 30 April VAT had been paid?

Not 100% sure what happens if the moratorium period expires without administrators being appointed as can't recall seeing such an event happen. However, as I understand it the moratorium lapses and administrators cannot be appointed down that "out of Court" route. A further notice can be filed to extend the moratorium, and I recall seeing a case on that a couple of years ago. I presume the High Court will not go along with anything that would amount to abuse of the process though.

What do we actually owe, not the amount but what is it?

I thought Ducket set the tax had been sorted out?

Any ideas?

Guess HMRC have seen the lack of any clear details from BOD mark 2 and decided there is no certainty of the payment plan being adhered to and gone for the jugular pretty much ensuring they ( and all us Bulls fans and taxpayers) will get nothing.
We think the club is badly managed HMRC could show us a lot about that?
If this is not part of the devious plan several posters suspect then you wonder why a further appeal has not been made to the fans?

Hmm interesting timing so basically gets us through to Monday/ Tuesday after next home game. Could tie in with what someone posted earlier about an announcement at game.
Other thing I'm wondering is if the meeting with players/staff had a bit mote to it than suggested by certain posters, this being reflected in non performance against Sts?. Also if a decision to go admin route had been made, effectively ruling us out of this yrs playoffs, then clubs willingness to allow Bateman on oz tour is seen in a new light.

It seems to me a couple of pro admin/ caisley posters are conspicuous by there lack off comments on situation although I may be being unfair and they simply aren't aware of today's development. Forum seems quiet in general thus week tbh.

I wondered that. I'm amazed that the decision to let Bateman just clear off to Australia right in the crucial part of the season hasn't drawn more ire. If we're going to get docked 6 points, then it hardly seems to matter as we'd have zero chance of reaching the playoffs anyway.

On the substantive point, it seems we now have a 'put up or shut up' scenario. If any these 'investors' or 'benefactors' or whatever the hell they are are genuine and serious, then they now need to get their cheque books out in the next two weeks.

I wonder what the realistic chances of that happening actually are?

The thing with admin is that it is no longer in Caisley's hands. If they go into admin the creditors take control and they could easily liquidate rather than take a cheap offer. Suddenly all players are for sale and it's the creditors interests not the clubs interest that are key.

I want to set about someone with a baseball bat and absolutely fscking leather 'em.

That's all I have to say.

Bateman was told he could tour at the start of the season if selected.

To be fair to the lad, I don't think we should hold him back if he has the opportunity to tour Australia.

Well, not connected to this board, I have been told different things about the Bulls predicament by genuine people I know and trust on the same subjects, with both parties certain they knew the truth of the particular matter under discussion...but both have different things incorrect or at least not fully accurate, and we can't square the circles.

I've stopped beliving anything I'm told or read about the Bulls, from anyone, and so as a consquence I've also stopped commenting as there seems little point when I don't think anyone on here knows anywhere near the whole story. I await the endgame and might help pick over the ashes (or hopefully cheer the phoenix)






Ta, possibly the only piece of sound advice on the whole thread....except maybe vbfg's thoughts on the use of a bat

P&a don't get to this stage unless there is a pay day. And I do have knowledge of them before anyone asks.

Frank whitcombe where are you now?

Fa and gb were right all along!

Sad day for the club and all fans.

Sorry but you seem not to understand the nature and purposes of administration.

Are you saying that administration is not run for the benefit of the creditors, whether that ends up as a CVA, selling as a going concern or liquidating it?



I always thought that was the way it went. Therefore Caisley buying the club for £1 would not be correct unless the creditors accept that it's the best offer.

Maybe I'm wrong and administration is run for the benefit of the shareholders, I'm willing to accept being wrong, but I've not seen it anywhere that administration is used for that purpose.

Adey is saying its to buy time which is sensible. If the current board can convince the administrators that there are investors ready to put money in they will be appointed but will do nothing to harm the club. As far Caisley getting the club for £1 I seriously doubt this as you still have to pay a minimum percentage of your debt to exit administration.

That was my point, I was not suggesting the club would be liquidated, but that Caisley could not just put it into admin and buy it for £1 as though it was all his choice.

Sure it can be used to buy time, just like a CVA could be the outcome. But admin to me does not put all the cards in Caisleys hands, where as some seam to think it's a way of him getting it on the cheap. He may get the club on the cheap, but not for £1 surely.

To say im totally ed off right now is a understatement, but it's not as though it wasn't comming!!!



So is it going to be a Friday Monday with caisley emerging victorious with a 100% holding of the club? Or is there any suger daddy's in the wings to keep caisleys grubby little paws of our club!



Plus if there is investers ready to put money into our club, why wouldn't they just wait for admin and just buy the club?

The £1 thing is something that has happened in sport, mainly football, several times.

A club goes into administration and the administrators sell the club to a "new company" which usually sees a significant portion of the clubs debt wiped out. I believe it's called something like a "pre-pack buy back" or something along those lines

Bates did it at Chelsea and he did it at Leeds. So it's not too much of a leap to imagine a similar scenario playing out at Odsal