sorry*










[size=50*it was more of an accounting argument than a legal one #I'll get me coat#[/size

give me their company number and I will set you straight, don't wish to speculate upon what Warrington do, prefer to deal in the facts, son.

Here you go, dad: 03683966

great read thanks - valued at cost less depn at 4% rb - no mention of "valuation" anywhere

double-double facepalm anyone?



interesting contingent liability note - not paying PAYE or NI on players image rights in the past, no provision made and discussions with HMRC "ongoing"



now, up to your room, son, and think about your stupid actions...

eek! - what have I created?

Exactly where did this thread turn from "where do the points go?" to a discussion on the actuarial merits of renting vs owning - we'll be discussing Rule of 78 & iterative APR calculations next.

I won't bother asking the difference between something being "valued" and a "valuation".

As for the note - isn't that the same one that was made to Wigan's accounts the other year? As has come to light from the Bradford episode these liabilities are not quite in the millions that some people so wanted to believe. In fact Bradford's as one of the worse offenders is £250k.


Either way that's the last post from me in relation to the sematics of accountancy terms. If you want to believe that a rugby stadium has little or no value/worth/asset to a rugby club then you are seriously deluded.

I do believe that the link to the Deloitte's article about rugby union finances has a lot more merit to the discussion on Bradford's unfortunate position than the last two pages of posts.

may well do, lets get on topic or lock it?

Actually there isn't much on value of a club with the stadium. The issue is that the stadium only comes into play when someone wants to set up a new club. If the club goes into liquidation and asset stripping takes place to recover debt then the stadium is valued based on land, typically. This is because, unless the buyer wants to start their own sports club, the stadium isn't easy to redevelop into something else. For example a warehouse space has many uses like the go kart track at bank quay in Warrington or a factory or of course another warehouse. A stadium is a stadium.

However you're half right as, of course, if someone is valuing the club based on being sold as a business it does count as it would be used as a stadium still if the club were sold. It all depends on the context it was meant in and I can't be bothered reading it all tbh.

Believe it or believe it not, i heard a rumour today that a consortium of Bradford indian restaurants are planning to do this!!!!

Hells teeth i was joking when i first posted. The rumour is on the Bulls site... Good lord.

It's no rumour mate, it's the real deal.

Are you tikka the ? My nan will never believe it

I hope you aint joking. If you are there will be tears on my Pilau.

There'll be a masalacre if it goes ahead.

People will be fighting for their right Chapati.

i dont think the bulls fans will be so keema on that idea

Looks like they are currying favour with the RFL and Mr Woods has agreed the deal on the basis he can have extra chips and Bhajis with his vindaloo.

Really impressed with how Karl Pryce has been playing recently. The way he bhajis his way over the line has been a joy to watch!

They should have used the youth system from their local area like wigan have, they have far too many samosas in their squad

All we need now is "Gorgeous" George Galloway to turn up on a white charger to claim he has saved the western world from itself, and will be taking over the RFL, and spreading the word of TGG to the muslim world.... Nurse i need my pills again...

India isn't Muslim mate. Haha.

Galloway claims to be...... i was having a pop at him. And most "Indians" are not Indian, but Bangladeshi.

Also incorrect

Where did i say it was!!