Re: Bulls; does it ever stop : Wed Dec 14, 2016 7:16 pm  

freddies wig wrote:

To be fair, our board have taken measures to try and avoid financial crisis - 10% pay cut, no full time team, dual reg. The Bulls just carried on making the same mistakes, signing expensive players into a full time squad and believing their own hype.

On the surface, they once again failed to respond to their situation, stuck their head in the sand and thought they were above it. Once is forgivable but this is ridiculous now!

Freddie, I applaud Fax for the decisions your Board have made, to save cash,it couldn't have been easy and im sure from reading the posts on here it hasn't been popular,in RM you have a good young Coach,but I think next season your fan base will dwindle if the results go against you,it can be said at least you will have a Club and team to support.Obviously Bradford's troubles are of their own doing,its just a shame if they go to wall for trying to be successful.

Re: Bulls; does it ever stop : Wed Dec 14, 2016 7:21 pm  

Fax Machine wrote:

Looks like the Bulls are being liquidated on Friday. Apparently staff have been informed. Sad day, if true. Don't wish to see any club disappear.

Looks to me as if they've had a number of bidders give their BAFO (best and final offer) and they're looking at 2 of these with a view to them taking over. Don't see the Bulls disappearing at all. They may get a big points deduction but the club looks as if it is going to continue from what the guy heading the administrator is saying.

I'm sure that something will have developed by the weekend. Agree with previous posts that they have been badly mis-managed in the past, but you don't want to see any team go pop.

To be fair they bring a lot of fans and revenue to the Shay, which we badly need, and if they went we would miss their turnstile money.

But it's still good to have some friendly banter with them ........

Re: Bulls; does it ever stop : Wed Dec 14, 2016 7:29 pm  

Pellon Boy wrote:

Looks to me as if they've had a number of bidders give their BAFO (best and final offer) and they're looking at 2 of these with a view to them taking over. Don't see the Bulls disappearing at all. They may get a big points deduction but the club looks as if it is going to continue from what the guy heading the administrator is saying.

I'm sure that something will have developed by the weekend. Agree with previous posts that they have been badly mis-managed in the past, but you don't want to see any team go pop.

To be fair they bring a lot of fans and revenue to the Shay, which we badly need, and if they went we would miss their turnstile money.

But it's still good to have some friendly banter with them ........

Well said Dave as you rightly say, we don't want any clubs going to the Wall.

Re: Bulls; does it ever stop : Wed Dec 14, 2016 8:08 pm  

freddies wig wrote:

To be fair, our board have taken measures to try and avoid financial crisis - 10% pay cut, no full time team, dual reg. The Bulls just carried on making the same mistakes, signing expensive players into a full time squad and believing their own hype.

On the surface, they once again failed to respond to their situation, stuck their head in the sand and thought they were above it. Once is forgivable but this is ridiculous now!

Correct.

Re: Bulls; does it ever stop : Wed Dec 14, 2016 9:49 pm  

Can't see seethe Bulls disappearing. Worst case liquidation to wipe off the alleged £2m debt on Friday and then be back up and running on Monday as RFLBulls2016 Ltd . Very tough on creditors of the club and also the fans if this happens.
Whilst they are our rivals I wouldn't wish this on those mentioned. Agree our club would also be affected from a commercial point of view if we lose this derby fixture.
I know it's currently tough for us Fax fans but things like this news for the Bulls puts things a little more in perspective.

Re: Bulls; does it ever stop : Thu Dec 15, 2016 8:21 am  

Living The Dream wrote:

Can't see seethe Bulls disappearing. Worst case liquidation to wipe off the alleged £2m debt on Friday and then be back up and running on Monday as RFLBulls2016 Ltd . Very tough on creditors of the club and also the fans if this happens.
Whilst they are our rivals I wouldn't wish this on those mentioned. Agree our club would also be affected from a commercial point of view if we lose this derby fixture.
I know it's currently tough for us Fax fans but things like this news for the Bulls puts things a little more in perspective.

You might be being flippant in your post but if the Bulls went into liquidation they wouldn't be back that quick. Any assets they have (and I think they have very little, no ground etc) would have to be sold to pay creditors if they are able. The players would leave as their contracts would be null and void. And they would want to play somewhere else as its their livelihood. The whole thing is a mess.

A friend of mine who is a Bulls supporter said last night at training the administrator spoke to the players to explain the situation. after talking to them they walked out and didn't train. Another sticking point on the take over bid is the RFL ownership of the ground although I haven't what the sticking point is, except would you want to do business with the RFL!

Its sad but as stated before on here its all of their owners making, time and time again. the real losers are the all the jobs that are going to be lost and for all the bulls fans who have put their money behind them in the last 5 years for it to be squandered.

Re: Bulls; does it ever stop : Thu Dec 15, 2016 10:37 am  

Latest from the Bulls site. Hopefully things are looking a bit better for all concerned. http://www.bradfordbulls.co.uk/news/pos ... f-the-club

Latest from the Bulls site. Hopefully things are looking a bit better for all concerned. http://www.bradfordbulls.co.uk/news/pos ... f-the-club

Re: Bulls; does it ever stop : Thu Dec 15, 2016 7:52 pm  

Although the administrator is there to rescue/rehabilitate the Bulls, they also need to ensure that this is done in the best interests of all creditors. An interesting dilemma for a sports club. From the government website on such things... "The administrator should aim to rescue the company as a going concern unless it is not reasonably practicable to do so, or a better result could be obtained for creditors by not doing so.".

I genuinely wish the Bulls well (other than on the field when Fax are playing them), but in any new incarnation they need to be realistic about their position, and forget about any "iconic" status and any associated "privileges". Fax have made mistakes (relying on a top 4 finish last year), but have reacted accordingly (including the DR deal with Salford), but Bradford still seem to be dwelling on their past glory and think they're a big club. Maybe later, but not now.

I went to the first 9's tournament in Blackpool (Fax won the plate final), and although it was hardly a great ground to watch RL, the thing that saddened me most when the club later went bust was that the RFL (as far as the public could see) gave them absolutely zero support.

Re: Bulls; does it ever stop : Thu Dec 15, 2016 9:35 pm  

It does make you wonder how the RFL were sanctioning the Bulls new signings though as you would imagine if they have a "live cap" they would also have some sort of access to club accounts.

Re: Bulls; does it ever stop : Thu Dec 15, 2016 10:46 pm  

Greg Florimos Boots wrote:

It does make you wonder how the RFL were sanctioning the Bulls new signings though as you would imagine if they have a "live cap" they would also have some sort of access to club accounts.

I think these were arranged before things went belly up for the Bulls. However, this highlights significant mismanagement, in that the club must (should?) have known they couldn't meet their future financial commitments and curtailed these new signings. Smacks of being rather amateurish or (worse) totally naive.