Re: Ownership and twists : Fri Mar 07, 2014 12:48 pm  

Ferocious Aardvark wrote:

Indeed, the administrator will have accepted what was the best deal for creditors, so whatever happens next (if anything) will surely be a worse result for them.

As time goes by it's harder to see a solution, but if another bid came in to be able to satisfy the triple headed monster of administrator/RFL/HMRC it would need to be better than the "little new cash but lots of hope" offers to date.

Re: Ownership and twists : Fri Mar 07, 2014 1:14 pm  

Lets have a look at "Fantasy Owner" and see how close we can get to a working model

how much does it cost to run the Bulls for 10 months......March to Dec....that's players, staff. rent, upkeep of ground, all other costs....

What is the estimated income from RFL, new sponsors, matchday revenue etc....

Re: Ownership and twists : Fri Mar 07, 2014 1:29 pm  

I may be wrong here but i think i saw something which was somewhere in the region of 3.5 million,all told

[Bulliac]

Re: Ownership and twists : Fri Mar 07, 2014 1:39 pm  

...and the Sky team on Backchat seem to think the fans have that sort of money to take over the club

Re: Ownership and twists : Fri Mar 07, 2014 1:42 pm  

so lets work back from £3.5m and see how much a new owner needs to put in....

Re: Ownership and twists : Fri Mar 07, 2014 2:02 pm  

pie.warrior wrote:

so lets work back from £3.5m and see how much a new owner needs to put in....

£3.49m

Re: Ownership and twists : Fri Mar 07, 2014 2:11 pm  

pie.warrior wrote:

Lets have a look at "Fantasy Owner" and see how close we can get to a working model

how much does it cost to run the Bulls for 10 months......March to Dec....that's players, staff. rent, upkeep of ground, all other costs....

What is the estimated income from RFL, new sponsors, matchday revenue etc....

It's easy.

The new owners get a club from the Administrator with no debts.

Spend no more than the Sky money coming in on players pay.

Any other spending to be covered by gate receipts etc.

[Bullseye]

Re: Ownership and twists : Fri Mar 07, 2014 2:12 pm  

Wooden Stand wrote:

The new owners get a club from the Administrator with no debts.

This isn't the case really is it?

Re: Ownership and twists : Fri Mar 07, 2014 2:19 pm  

Bullseye wrote:

This isn't the case really is it?

I think it is.

6 point deduction penalty already imposed.

Potential buyer offers £x** for the Club to the Administrator.

Administrator uses cash raised from the buyer to cover his fees and then pays creditors to the extent possible.

Buyer gets Club with a clean slate.

** potential buyer could make his offer subject to whatever cost cutting he might want, to be done by the Adminstrator, BEFORE the sale of the Club.

Re: Ownership and twists : Fri Mar 07, 2014 3:07 pm  

Wooden Stand wrote:

I think it is.

..

We think it's not.

Why would the RFL require much, much, exceedingly much less from a new owner making a worse offer, than they did from the previous lot who made a better offer, including paying off ALL trade creditors over time?

I mean, not much the RFL would do would surprise me any more, but that wouldn't seem remotely logical.