Absolutely spot on Feline, the fans appear to have been misled, when the dust settles on this one there will be some serious finger pointing.

The situation with the Bradford Bulls and Greece in the Euro gives me a sense of deja vu from just over a decade go. The Queen Mum and Thora Hird; you never knew which one was about to go first.

Sorry.

They also have a very complicated share ownership situation, with several warring factions owning decent chunks of shares; administration will conveniently resolve that issue, enabling the new BoD to take full control.

Yes, which makes you wonder why the didn't go into admin a few months ago, instead they went for the 500k pledge thing which will cause some bad feeling from the fans, should they then go into admin.
Some of this doesn't add up to a simple guy like me but, I guess it will all come out in the wash.

Isn't the Bulls predicament exactly the same as Wakey 12 months ago allbeit on a slightly higher scale of debt ?
Wakey had bills to pay or face Admin, Wakey rallied round the fans to make pledges to keep them going (which didn't go to plan), then went into administration and were deducted the 4 points.

Haven't Wakefield produced a model of how to survive and come out better from administration ? If you have - Bulls might just be looking at that very model.

Key difference being they already had a supporters trust set up which could've collected the pledges and used that to invest a significant amount of money into a newco and get them a position on the board. Instead that money bailed out the people who got the club into this messed now they're £100 lighter with no say in how any future club is run.

Its the fans who have probs dug deep into the pocket thinking it would save the club I feel for.

There is a well informed Bulls fan on their board that's saying the club avoided paying VAT on season tickets because they thought that by calling them "memberships" they weren't applicable for VAT and this has been going on for 2 years.

How daft is that ?

If true, I certainly hope it’s not something Trinity have replicated since calling their season tickets ‘memberships’.

TBF its the RFL who have been pushing this whole membership lark, maybe they thought they had exploited a tax loophole and encouraged clubs to pursue it? If so yet more wise words from Red Hall for the Bulls.

It really does make you wonder in regards he licencing procedure,if the RFL did a thorough job reviewing the Bulls finances and found no problems then the Bulls must have hidden their debts and heads must roll,on the flip side, if the RFL did find the debts and still gave a B licence then heads shold roll at the RFL!

To be fair to the rfl the accounts were looked at by an independent 3rd party. If however they have given wrong info by not doing their job right, they should be taken to task

There's no suggestion from the Bulls poster that any club other than Bradford declined to pay VAT on their 'memberships,' and certainly no mention of WTW.

His allegation has subsequently been refuted by the way, by a rather articulate chap who managed to include the words 'mendacious' and 'calumny' in his post; I don't know who he is, but I like the cut of his gib!

maybe they can merge with bramley buffaloes

None of us know exactly what the RFL were told, however KPMG are certainly a most reputable company and one could reasonably expect them to ascertain accurate accounts information.
Bearing in mind the previous loan and subsequent purchase of the lease on the ground, it is a fair assumption that the RFL knew the Bulls financial position.

They could consider a ground share with Cas ?

He's called Peter (apparently), and his refutal has subsequently been rebutted.

A fantastic comeback, managing to include the word 'malapropism' AND a spelling correction.

The Bulls may not be the best at managing their VAT affairs, but they're winning hands down when it comes to wordsmithery on a fans forum.

If it continues at this exciting pace, I might have to consider an act of apostasy!

simple Bradford sell the likes of Burgess/Whitehead/Bateman/Langley the admin boys will give them away

Have you been on the Oxford English diet again ! (imperssive

)

They need to take it on the chin stop begging for money off hard working people and start again. They are hanging on like a bad smell. 1.6mill they need to rebuild now whats point in waiting a few weeks for the cash which they aint going to get.

[urlhttp://www.bbc.co.uk/sport/0/rugby-league/18437695[/url
£340,000 they owe HMRC at the moment, if they owed £250,000 for the tax on the sale of the stadium surely that should have been paid first?

What a mess.

they should consider Halifax

Most of the Bulls fans are from Halifax