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| Quote ="Cibaman"The RFL have being keeping a close eye on the club's finances and haven't expressed any concerns. So everything should be hunky dory.'"
I'm not sure whether or not that is supposed to be read as tongue in cheek, if not it should - if it was accept my apologies.
The rfl overseeing things is about as water tight defence as a mermaids air-tex bathing suit.
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| Quote ="Northernrelic"Unfortunately a company not exceeding any of the following:
*Annual turnover £6.5 million or less
*The balance sheet total £3.26 million or less
*The average number of employees 50 or fewer
Would probably not generate the £900k a year the club seems to require at the moment - so seriously damaging the owners health!
However if someone as professional as Robbie is involved in the new set up that makes me a lot more comfortable with the new situation. Just need a few more fans to step up and "belong"'"
As much as RP is well respected at your club, the attributes that made him a good player are not recognised skills at administrating and running a RL club, this is evident in his third rate broadcasting/commentating - there is no definable cross over in either comparisons.
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| Quote ="kinleycat"As much as RP is well respected at your club, the attributes that made him a good player are not recognised skills at administrating and running a RL club, this is evident in his third rate broadcasting/commentating - there is no definable cross over in either comparisons.'"
Not directly but RP seems to both think about what he is doing and listens - two important factors in being sucessful in any role. As to his commentating - which is itself a different skill - I am struggling to think of any 1st and 2nd rate perfomers currently on the airwaves
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| The truth is, there is no way of knowing somebody's personal wealth by looking at the (abbreviated) financial statements of a company they own or are involved with.
BedzRus have been trading for around 10 years I think. If Mark is the sole shareholder then there is no reason for him to build up the reserves of the business. Citing the bank balance and debtors is utterly pointless - what sort of assets would you expect an online retailer to have exactly? It will be stock for the most part and possibly some debtors.
Leasing buildings and any other assets it would need will ensure that the gross assets figure shouldn't ever get anywhere near the £3.26m threshold - so effectively the turnover figure could be anything at all and it would still qualify as a small co.
With only abbreviated accounts filed you will never know the levels of trade his company makes, nor their margins, and that is exactly the point of the exemptions.
Mark's private financial situation will remain exactly that until he decides otherwise.
It would be nice if another Koukash came along and money became no object. But that is just a pipe dream and not a necessity. I just want some stability from the club, get through this year with only half our sky money and then next season - with a decent fan base, plenty of sponsorship opportunities and the coral stand/stadium revenues - we should be able to get by just fine.
I'm still going to remain anxious for pretty much the whole of next season, but we could certainly be in a much worse position than the one we are in right now.
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| Quote ="gutterfax"Mark Moore is an online bed salesman with a company...'"
[url=http://bit.ly/15wkjLawhich has a sy HQ[/url.
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| I've never understood the need of some people to come on to a team's board and try to de-rail or degrade everything that is happening for no apparent reason. You only have to have a look at the T&A comments sections to see what I mean (but for the sake of your sanity, I wouldn't recommend it).
I mean, personally, my biggest rival team is obviously Leeds. I'd be more than happy to watch thier squad collapse and have them win nothing for the rest of my life. But I'm not about to wish any financial ruin on them. It seems to me that those sort of people are just petty and vindictive, and just want to revel in someone else's misery. And teh fact that they've taken the time to look into Directors' histories etc, just tells me they've far too much time on thier hands and need to get a hobby, or a job, or both.
Anyway, rant over. Good luck Omar, Gerry and Vipin. Thanks for everything you have done
Onwards and upwards
Edit: I could at least spell Vipin's name right, eurgh.
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| good post nothus.
yes it is about 10 years, online being of course the biggest growing retail channel. the thing about online is that it doesnt matter what your head office/retail shop looks like, its the website that matters, and that ticks all the right boxes.
and if he has any sense he will be minimising stocks by having deliveries straight out of the manufacturers, debtors on an online are not a risk, no pay no delivery. So he might have skinny margins on his sales, but has a good volume and is basically doing it on a relatively low working capital outlay. As Nothus says its his personal wealth built up over that ten years that counts, when the £900k left in by OK runs out. That is what we dont know but he does, all else is conjecture.
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| I guess the best many of us can do is to just hope we're in safe hands. I do confess I'm worried about our season ticket sales and lack of income and wonder how long we can carry on. I am mistrustful of Whitcut and it'll be interesting to see who ends up actually owning the club. I'll be getting the accounts from companies house next year, even if it'll be mostly gobbldigook to me. It might shed some light onto what went on in year 1 of OK Bulls.
I think a fans forum would be good to have before 2014 kicks off (hopefully it now will for us!). Supporters that contributed to keeping the club afloat in 2012 could do with some transparency if people are going to get behind the latest regime. To quote Roger Daltrey we don't want a "meet the new boss, same as the old boss" type scenario. I think OK alienated some people who genuinely wanted to help so hopefully Moore will be more open.
I'll be judging these guys on their actions, rather than fine words. So a very qualified "welcome" from me.
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| Agree with a lot of the above, but the overriding thing is we should be grateful that there is [ianyone[/i who is prepared to back and run our club. There isn't a queue, still.
As for the comments others have made about OK "bailing", these weirdly seem to be based on some strange assumption that Moore is some rich mug that they found to con into taking over "the club's debts". I don't know anything about him, but I doubt he's anyone's mug.
Do we expect Jay Willey to ride back into the OK Corral anytime soon, then?
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| Or alternatively, he's some kind of shyster without any money who has decided to walk into a financial firestorm whereby he and his company which he has run for 10 years becomes indelibly connected with a the death of the town's rugby club. Why would anyone do that?
Isn't the most likely option that he thinks he can do a really good job, garner investment, use his skills to promote both the club and his business in a positive way. I don't know anything about the feller but nothing I've read would tell me not to give the bloke the benefit of the doubt.
As for Jay, the club has changed hands twice in 18 months and she hasn't bought it either time.
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I was once a director of 19 different companies. Didn't personally earn or lose a penny from any of them. Once they'd served their purpose they were dissolved.
I've just realised that a company search would make me look fairly dodgy.
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I was once a director of 19 different companies. Didn't personally earn or lose a penny from any of them. Once they'd served their purpose they were dissolved.
I've just realised that a company search would make me look fairly dodgy.
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| Quote ="Cibaman"I was once a director of 19 different companies. Didn't personally earn or lose a penny from any of them. Once they'd served their purpose they were dissolved.
I've just realised that a company search would make me look fairly dodgy.'"
Except, it wouldn't.
There is absolutely nothing unusual about companies being formed, or being dissolved. As you say, they serve a purpose. The fact that a company was dissolved does not tell you much at all. Richard Branson has resigned from 172 companies, many of which were undoubtedly subsequently dissolved, and held appointments at 9 dissolved companies. Would our resident troll say he was dodgy or a failure?
Here's the entry for Lord Sugar:
Quote Alan Sugar holds 5 current appointment, has resigned from 45 companies and held appointments at 5 dissolved companies. Alan began their first appointment at the age of 43 and their longest current appointment spans 2 years and 2 months at AMSVEST LIMITED.
The combined cash at bank value for all of Alan's current businesses is £311,093, with a combined assets value of £493,785 and liabilities of £530,561. '"
Does this mean that Shugs is skint, or a duffer? Or does it just show how stupid (or malicious) our troll is?
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| Quote ="Ferocious Aardvark"Look, I don't actually [iaim[/i to humiliate you, and prefer to ignore most of your inane trolling drivel nowadays, but you do need to at least get within cooee of the facts, even if you clearly can't grasp them:
"Total exemption small" is nothing whatsoever to do with "being to small to save tax". It simply means that the business, along with the vast majority of other companies in the country, does not have to file full accounts at Companies House because it is a "small company" satisfying two of:
*Annual turnover £6.5 million or less
*The balance sheet total £3.26 million or less
*The average number of employees 50 or fewer
Oops!
I know you won't take it in, as you plainly don't know what the hell you're talking about. You're one of these "little knowledge" bar-room bore 'experts', aren't you. So maybe you could print it out for yourself and pin it to your forehead as an aide memoir the next time you feel the urge to pontificate about things of which you're ignorant.
Come to think of it, that might have the added advantage of obstructing your view of your keyboard. Win-win.'"
Ooooh..all that to point out that I got the tax part wrong about his company.....whilst ignoring the other documented facts in my post regarding the number of failed pubs one of the new owners has managed in less than 10 years or that the other blokes business is worth 8ok and he has 30k cash....yeah, way to go tiger
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| Quote ="gutterfax"Ooooh..all that to point out that I got the tax part wrong about his company.....whilst ignoring the other documented facts in my post regarding the number of failed pubs one of the new owners has managed in less than 10 years or that the other blokes business is worth 8ok and he has 30k cash....yeah, way to go tiger
'"
Of course a successful business man would take over a club with just 30k cash lol you have no idea how much money he has.
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| Quote ="Bull Mania"Of course a successful business man would take over a club with just 30k cash lol you have no idea how much money he has.'"
Hey.....he's probably well minted. Lives in a nice house in Halifax valued at about 450k which he bought in 2010 which points to his business doing well.....good luck to him and his business partners. No need for a bucket collection just yet.....let's hope the 10,000 ST target gets hit eh
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| Have to say I am delighted that this has happened. Hope his health is ok (no pun intended) but I cannot say I am too disappointed to see him go. I AM disappointed that he did not take Duffy with him though.
Was never convinced by him in the slightest, and, to be fair, this "illness" came on awfy quickly did it not?
2014 looking better already.
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| Quote ="gutterfax" Lives in a nice house in Halifax valued at about 450k '"
In fairness, if it was not in Halifax it would probs be valued at closer to £5 million. It just loses value by being situated in a -hole.
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| This is funny, gutterfax being just as stupid as someone predicted. Or, sneaky suspicion, have you guys been running a sweep on the pm as to what he was going to say?
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| Quote ="martinwildbull"This is funny, gutterfax being just as stupid as someone predicted. Or, sneaky suspicion, have you guys been running a sweep on the pm as to what he was going to say?'"
It doesn't matter what he says, he'd claim the sky was orange if he thought it would be anti-Bradford.
But he doesn't like people pointing out that he claims his own opinions as bible truth. Which is ironic as his opinions are about as true as the bible.
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| Quote ="martinwildbull"This is funny, gutterfax being just as stupid as someone predicted. Or, sneaky suspicion, have you guys been running a sweep on the pm as to what he was going to say?'"
seriously? I made an error about the tax statement of bedz r us......doesn't change the fact that 2 wheeling and dealing barrow boys have control of the Iconic Bradford Bulls..
The 2 guys who are taking over have very little success in business other than an On-line bed sales company that, whilst lucrative, offers no real insight into the day to day running of a professional sports organisation.
Mr Whitcut, who Mr Moore says
Quote has more experience on the commercial and corporate entertainment side of it'"
....has, with Epic Hotels now being in liquidation, held directorships at 9 dissolved companies since 2006........that's more than one a year FFS
He may think he knows about corporate entertainment, but it would seem that the Bradford Public didn't agree......9 times.
Your New CEO, who I understand has also experience of running a pub and a Business degree, is the same guy who incorrectly tweeted in regards of the wages fiasco a couple of months back.
Last year OK said he wanted 10,000 ST's...this time around, Mr Moore has said between 6k and 10k. Given 6k left Bradford needing 7 figures in bail outs to get them through 2013, I'd say that unless they get Led Zep to reform for a one off in Bradford's Iconic Oddslum, then he'll need 10k.
The other money streams they are targeting is the Coral suite for banqueting/conferences and the club shop....both of which as I understand it, were available in 2013 but obviously didn't generate the required revenue.
On the topic of profitability....Mr Moore reckons within a year...
Quote ="roofaldo2"It doesn't matter what he says, he'd claim the sky was orange if he thought it would be anti-Bradford.'"
I'm not anti-Bradford....I just don't like the way your club begged for help, was bailed out by the RFL, bitched about the other clubs taking half your TV money in return for letting you survive, or the way your fans persistently declare all is well at the club when it is blatantly obvious that once again the club is teetering on the edge whilst decrying anyone who questions the morality of what's going on.
2 Barrow boys with no experience of running anything other than failed pubs and an online shop are now in charge of the ICONIC bradford Bulls....and, regardless of what tax bracket Bedz r Us are in, that is not a positive thing.
Quote ="roofaldo2"But he doesn't like people pointing out that he claims his own opinions as bible truth. Which is ironic as his opinions are about as true as the bible.'"
As I said, concentrate on the error about the tax bracket and ignore all the other stuff......9 failed businesses in 7 years........if alarm bells aren't ringing then they bloody well should be.
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| Quote ="gutterfax"Ooooh..all that to point out that [size=150I got the tax part[/size [size=200wrong [/size...'"
For the benefit of posterity - documented proof above that if you get under the skin of even the most avid troll, they can be made to admit that they don't have a clue
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| Quote ="gutterfax"seriously? I made an error about the tax statement of bedz r us......doesn't change the fact that 2 wheeling and dealing barrow boys have control of the Iconic Bradford Bulls..'"
One of whom has been the general manager of the Bulls since Omar Khan took over last year. And again, your opinion of two men you've never met or know anything about beyond 5 minutes of trawling one internet site is being displayed by you AS THE TRUTH. That's YOUR OPINION being presented as FACT. Again.
Quote ="gutterfax"
The 2 guys who are taking over have very little success in business other than an On-line bed sales company that, whilst lucrative, offers no real insight into the day to day running of a professional sports organisation.
Mr Whitcut, who Mr Moore says
....has, with Epic Hotels now being in liquidation, held directorships at 9 dissolved companies since 2006........that's more than one a year FFS
He may think he knows about corporate entertainment, but it would seem that the Bradford Public didn't agree......9 times.
'"
Ah, so having a lucrative company does not mean Mr Moore is a successful businessman. That's a new one on me. Hey everyone, having a lucrative company doesn't mean you're a successful businessman. It's Gutterfax's opinion so it MUST be fact.
Quote ="gutterfax"
Your New CEO, who I understand has also experience of running a pub and a Business degree, is the same guy who incorrectly tweeted in regards of the wages fiasco a couple of months back.'"
I would have thought you'd have more sympathy for someone who puts something on the internet they're wrong about.
Quote ="gutterfax"
Last year OK said he wanted 10,000 ST's...this time around, Mr Moore has said between 6k and 10k. Given 6k left Bradford needing 7 figures in bail outs to get them through 2013, I'd say that unless they get Led Zep to reform for a one off in Bradford's Iconic Oddslum, then he'll need 10k.'"
Again, proof of your anti-Bradford stance with your very witty (or is that witless?) naming of Odsal. And the new owners, who again you're ignoring actual facts like the fact that Ryan Whitcut has been GM at Bradford for the last 12 months so has a much better idea in terms of what's required for season ticket sales and the budget. Certainly, they know far more about Bradford's budgets, income and expenditure than you do.
Quote ="gutterfax"
The other money streams they are targeting is the Coral suite for banqueting/conferences and the club shop....both of which as I understand it, were available in 2013 but obviously didn't generate the required revenue.'"
Do you have figures to back up your opinion? I mean, clearly you know exactly what the budget and projections that were expected for the Coral Stand and club shop for last year? No? Oh I see, it's your opinion presented as fact AGAIN.
Quote ="gutterfax"
On the topic of profitability....Mr Moore reckons within a year...
'"
So you mock the new owners as "barrow boys" then mock them again for wanting the club to be profitable. But you're not anti-Bradford?
Quote ="gutterfax"
I'm not anti-Bradford....I just don't like the way your club begged for help, was bailed out by the RFL, bitched about the other clubs taking half your TV money in return for letting you survive, or the way your fans persistently declare all is well at the club when it is blatantly obvious that once again the club is teetering on the edge whilst decrying anyone who questions the morality of what's going on.
2 Barrow boys with no experience of running anything other than failed pubs and an online shop are now in charge of the ICONIC bradford Bulls....and, regardless of what tax bracket Bedz r Us are in, that is not a positive thing.
'"
Oh you're really not anti-Bradford? The club did ask for help BEFORE they went out of business. But that is over a year ago. There's not been any additional requests for fans of other clubs or other clubs themselves to give money to save Bradford again in that time. But I think what really irks you about that is that other clubs WANTED to save Bradford, but it's not likely there'd be the same level of support to save your club.
The club were no more "bailed out" by the RFL than any other club has been. But again that's your anti-Bradford bias rearing it's head again.
You say the club is teetering on the edge. Again, do you have ANYTHING to back that up? Or are you, as you have consistently, again presenting YOUR OPINION as FACT. I think we both know that you haven't anything solid to back up your argument other than slurs, rumours and just general drivel that you present as fact.
Quote ="gutterfax"
As I said, concentrate on the error about the tax bracket and ignore all the other stuff......9 failed businesses in 7 years........if alarm bells aren't ringing then they bloody well should be.'"
That's not your only error, but at least you've managed to grow as a person enough to admit you're not as infallible as you'd like everyone to think with your opinions presented as fact.
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| Quote ="gutterfax"let's hope the 10,000 ST target gets hit eh'"
That's not the only thing I hope gets hit...
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| Quote ="roofaldo2"snip.'"
Quote =" hindle xiii"That's not the only thing I hope gets hit...'"
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| Quote ="hindle xiii"That's not the only thing I hope gets hit...
'"
Actually, the 10K target for season tickets really is sooooo last year and hasn't been mentioned this time round. I'm sure they've budgeted to an internal target but haven't left themselves as hostages to fortune this time. Yet another of the Fax he's got wrong..
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