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   WWW.RLFANS.COM • View topic - Latest financial situation - all posts here
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M@islebugs wrote:
There's a big spread in the League Express in which we get more of the same tbh.



If anyone wants to read this, the league express has an iDevice app which includes 1 free issue...
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M@islebugs wrote:
There's a big spread in the League Express in which we get more of the same tbh.

One interesting point is that Guilfoyle says,
"I don't have an appetite for administration as I don't know where I would get the money from to run it. There is no certainty of outcome. I am trying to focus the directors' minds on trying to find someone to buy the club".

Has Guilfoyle got to the heart of the matter?


Sounds like it.

Sugar daddy or bust?
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So he doesn't agree with the Wakefield fans that insist that admin is the best way?
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"If you start listening to the fans it won't be long before you're sitting with them," - Wayne Bennett.
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As with them it's only worth it if there are potential buyers out there and ready to invest immediately. Otherwise we have to sell players to stay alive and that would make us gradually less and less of a good investment opportunity.
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No he doesn't but the phrase 'focus the minds' suggests a change in ownership is the only way forward as he hasn't seen the injection of cash required to re-establish the club as a successful, profit making entity.

Guilfoyle says he doesn't have the funds to keep the ship afloat in admin whereas Hood thinks the club is pretty much in profit. You could hardly have 2 positions further apart.
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Well taking step back and looking at the club's progress on and off the field in the past 6 years we can see where things are heading. I wonder how much we really tried to get investment once Caisley had gone in 2006? Admin and a newco would seem to be the best opportunity for a change now but only if there is someone waiting in the wings.
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M@islebugs wrote:
No he doesn't but the phrase 'focus the minds' suggests a change in ownership is the only way forward as he hasn't seen the injection of cash required to re-establish the club as a successful, profit making entity.

Guilfoyle says he doesn't have the funds to keep the ship afloat in admin whereas Hood thinks the club is pretty much in profit. You could hardly have 2 positions further apart.

You square the circle if Hood's 250k profit was after the 1,250k assumed profit on sale of lease...

Sounds like Mr Guilfoyle might have shared my oft-spouted concerns about administration?
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That's OK if we can sell a lease every year.

Nobody said administration wouldn't have profound and uncertain consequences. Only that it was inevitable considering the management and ownership. Nothing Mr Coulby's brought to the table has convinced me otherwise, as yet.
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Last edited by Ferocious Aardvark on stardate Jun 26, 3013 11:27 am, edited 48,562,867,458,300,023 times in total

Re: Latest financial situation - all posts here : Tue Jun 19, 2012 12:47 pm  
One of the recent "strong rumours" touted on here was that someone, if not exactly a sugar daddy then at least someone with a few sachets of Sweetex, was going to be putting some money in a week and a half ago, (not an investment) there would be an announcement, and this would get us out of the immediate hole.

It joins the longish list of false rumours up with which we have had to put.

Whatever the truth of this one, the sad fact is that without significant and ongoing financial backing, whatever budget the new club (whether this one or some post-administration one - puts together, that will NOT be, in fact will be nowhere near, a budget that approaches being able to field a top class SL team. You can not make a loss, or you can have a top-4 team. You can't have both.

And before any clever dicks start quoting examples of clubs allegedly showing a profit in their accounts, all I can say is that Bulls fans should be the absolutely last people to ever believe that the published accounts are worth the paper they are fabricated upon, if what you want to know is whether the club is, all things considered, spending way more than it is bringing in. Accounts can show you whatever the accountants were told to show.
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As for future sponsorship, i cant imagine JCT600 being too impressed with the whole situation!

they have sponsored Bradford for years and i would imagine have put a fair bit of coin your way too.

Looking at it from the point of view of a JCT600 director i would be more than quite put off by the fact that in every newspaper/internet story since the Bulls annouced the financial situation their famous logo has been in full view, attached to a failing business - that is Bradford BTW.

Assuming you do reform, i can see your main sponsor paying alot less for the same rights.
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