Re: Administration Again : Tue Nov 15, 2016 12:36 am  

Pumpetypump wrote:

Where is the money? Who are the investors? We've had years of trying to find anyone in Bradford or the whole world with the inclination to put in more than 27p and we've failed.

I find it truly baffling that village teams in Wigan get millionaire backing and we can find literally no one, but it isn't going to change and we are totally fked.

Bless....

Re: Administration Again : Tue Nov 15, 2016 12:40 am  

Just leaving this here if anyone still fancies watching RL seen as a lot of you seem to have 'had enough now'

Re: Administration Again : Tue Nov 15, 2016 12:49 am  

Pumpetypump wrote:

Where is the money? Who are the investors? We've had years of trying to find anyone in Bradford or the whole world with the inclination to put in more than 27p and we've failed.

I find it truly baffling that village teams in Wigan get millionaire backing and we can find literally no one, but it isn't going to change and we are totally fked.

Actually Leigh is not a village, with a population of around 70,000. And also, Bolton's Reebok Stadium, is 3 miles nearer to the Leigh Sports VILLAGE, than Wigan Athletic's ground. What's your favourite song by the Jam, is it 'The Bitterest Pill (I Ever Had to Swallow)' or 'Going Underground' ?

Re: Administration Again : Tue Nov 15, 2016 7:12 am  

GIANT DAZ wrote:

Just leaving this here if anyone still fancies watching RL seen as a lot of you seem to have 'had enough now'

Wow, you really are desperate for fans. Perhaps it's time you stated cutting your cloth accordingly?

Re: Administration Again : Tue Nov 15, 2016 7:29 am  

roofaldo2 wrote:

GIANT DAZ wrote:

Just leaving this here if anyone still fancies watching RL seen as a lot of you seem to have 'had enough now'

Wow, you really are desperate for fans. Perhaps it's time you stated cutting your cloth accordingly?

Imitation is the sincerest form of flattery, so Fartown copy us again with our naughtiest cheap ticket deal to shore up support. The only difference is they do have a sugar daddy, they would be well and truly screwed without him and crowds barely larger than we get in the championship.

Re: Administration Again : Tue Nov 15, 2016 7:46 am  

rugbyreddog wrote:

Be nice if local lad Dave Whelan was to put some money into us. Bradford born and bred.

Only Bradford born because his Dad (a music hall performer at the time) was playing the Bradford Alhambra on the same night.
And if you want to know why there is a restaurant at the DW Stadium called "Rigaletto's" it's because it's named after his dad's stage name...Tony Rigaletto.

Re: Administration Again : Tue Nov 15, 2016 7:51 am  

Mirfieldbull wrote:

Imitation is the sincerest form of flattery, so Fartown copy us again with our naughtiest cheap ticket deal to shore up support. The only difference is they do have a sugar daddy, they would be well and truly screwed without him and crowds barely larger than we get in the championship.

I assume the Under 5s free is age and not IQ, otherwise they might be giving away a lot of free tickets.

Re: Administration Again : Tue Nov 15, 2016 8:03 am  

Slugger McBatt wrote:

From the outside looking in, is there a possibility that this is some kind of strategic thinking? That they're getting wind that the case might not go their way, so they adopt a strategy that offers some protection or buffer in the event that they are hit with an immediate demand for £350,000, given that the application is to wind the business up? It messes up next season but somehow preserves the club for longer than that?

I said it earlier this year, but the mess is partly the fault of the Middle 8 system. How can a club budget for the season? If they aspire to compete with the Super League clubs, they have to spend money. Without a big backer, if they don't make the Middle 8's, they are screwed.

What the middle 8's will become is whipping fodder for the Super League clubs, all building to a one-off game at the end of it. For teams like Batley and Fev, it's just an unexpected financial boost before the whipping. Leigh are an exception because of their financial clout and what was, pretty much, a bottom half Super League team. A club like Bradford either end up settling for the Championship by budgeting for failure, or else risk going bang when they don't make the four.

That is the implication of the statement. Administration protects the business from winding up, for a period. On the other hand it may be a way for the prospective investors to get the club unencumbered with the HMRC threat. Clearly there is enough of a dispute for the court to adjourn twice, but it now sounds as if the Bulls case is about to unwind, no pun intended. So the outcome in terms of points deducted cannot as yet be determined, because if we come out of admin with all creditors paid off, why should there be the same penalty as coming out off admin with only a % paid off,

El Tel, you are not going to change my mind: It is wonderful that a town like Leigh has a sugardaddy willing to support their towns club, we have not and that is a pain.

Re: Administration Again : Tue Nov 15, 2016 8:13 am  

martinwildbull wrote:

That is the implication of the statement. Administration protects the business from winding up, for a period. On the other hand it may be a way for the prospective investors to get the club unencumbered with the HMRC threat. Clearly there is enough of a dispute for the court to adjourn twice, but it now sounds as if the Bulls case is about to unwind, no pun intended. So the outcome in terms of points deducted cannot as yet be determined, because if we come out of admin with all creditors paid off, why should there be the same penalty as coming out off admin with only a % paid off,

El Tel, you are not going to change my mind: It is wonderful that a town like Leigh has a sugardaddy willing to support their towns club, we have not and that is a pain.

6pts as opposed to 12pts

[Bullseye]

Re: Administration Again : Tue Nov 15, 2016 8:45 am  

It’d be interesting to know how much debt there is. I expect the HMRC to be in the region of about £200k-250k. Green’s put himself in the list of creditors too (which makes me feel that he’s on his way), then there’s the various other bills that won’t have been paid. Could be the thick end of £750k+. Would a new investor want to lumber himself with that for the sake of 6 league points? That said 12 points is a fair penalty if no debt is paid off. Unfortunately as we know admin is never a quick process. Potential buyers (if there are any) will need to do full diligence checks and that could take time. If we get out of this with a mere 6 point deduction I’ll be amazed. This bloke might be our saviour. He has a good record at City, not sure about his plans for Odsal, think any BMDC input is going to be unlikely. http://www.thetelegraphandargus.co.uk/s ... Bulls_bid/

It’d be interesting to know how much debt there is. I expect the HMRC to be in the region of about £200k-250k. Green’s put himself in the list of creditors too (which makes me feel that he’s on his way), then there’s the various other bills that won’t have been paid. Could be the thick end of £750k+. Would a new investor want to lumber himself with that for the sake of 6 league points? That said 12 points is a fair penalty if no debt is paid off. Unfortunately as we know admin is never a quick process. Potential buyers (if there are any) will need to do full diligence checks and that could take time. If we get out of this with a mere 6 point deduction I’ll be amazed. This bloke might be our saviour. He has a good record at City, not sure about his plans for Odsal, think any BMDC input is going to be unlikely. http://www.thetelegraphandargus.co.uk/s ... Bulls_bid/