Re: Bulls Takeover : Fri Oct 11, 2019 9:56 am  

RagingBull wrote:

Point 2. WRONG!
We had both Jordan Lilley and Colton Roach on loan deals this season.
We also had Olsi Krasniqe on dual reg from Toronto.

Id also add that even after James Laithwaites injury in 2018 , Toronto still saw fit to loan/duel reg us Jonny Pownall towards the back end of that season.

In addition the season long loans of Miley Wood and Liam Johnson from the Giants continued untill the end of the 2018 season

Well mate based on the above one of the little nestegg's has been .....

Re: Bulls Takeover : Fri Oct 11, 2019 10:15 am  

nestegg wrote:

How many dogs are there on this sub'forum?! As a minimum we've got Mr Dog and you, Bramley Dog.

Apologies for delay getting back to you; we've been busy dealing with other issues.

in the spirit of conciliation we will answer both of your slightly oddball questions, which in all honesty have little to do with the current crisis facing the likes of honourable folk such Roger Daly's son:

1) Name the club that loaned money to the Bulls that we still owe? - The current list of creditors who are owed >£20K (which sadly is growing by the day) does not (as far as we understand) include any club that has loaned money to the club. The harsh reality is that in recent times no club would have been daft enough to have loaned money to Chalmers/ Bradford Bulls 2017 Limited (BB17). We cannot see that trend being meaningfully halted under the proposed new consortium.

2) Name the club we still owe money to for a loaned player? - As far as we are aware we have not had any loaned players for ages, and certainly not this past season. Sadly, we are a toxic brand, and other clubs are understandably wary of dealing with us. The last loanee was facilitated under a half cocked dual reg'n arrangement we had with the Wolfpacks that fell apart in mid 2018 after ex Wolves player James Laithwaite sustained a career ending injury in an away game vs the Hawks. Due to the majority of Bulls players not having medical insurance (contrary to RFL rules) we understand that poor James got royally dicked around and following a dispute between Toronto and the club a compromise deal was struck between the Wolfpacks, the Bulls and the player - for legal reasons we cannot reveal the sum involved. Do you think James L has been been paid in full?

Wrong on both counts.

Re: Bulls Takeover : Fri Oct 11, 2019 10:29 am  

nestegg wrote:

VThank you. Your apology is accepted.

We note your comments. It is NOT our intention to cause harm.

We will be drip feeding evidence, but have to be careful, thus explaining the cloak and dagger stuff. There is a whole host of poop going down at the club most of which we cannot comment on because it may prejudice some enquiries. Yes, we are being somewhat evasive, but we trust you can understand why.

As for the sale of shares, it may happen this week. It may not. If it does we know c/o a reliable source (and again - like a scratched record - we presently cannot reveal our source as they are a 'whistleblower') that:

a) the consortium would include CB (as is already known), Rams owner, MS (albeit in a consulting role), and another guy, MW; who upon further enquiries does not even appear to exist - we are not kidding !;

b) in broad terms the proposed new consortium's draft business plan appears for the main part to mirror what Chalmers was doing (e.g increase season ticket sales etc), but with tighter financial controls put into place. At this stage we understand CB is going to creditors and staff one by one and trying to coerce them into doing a deal on the substantial debt that is owed. In our humble opinion that is not good or conventional business practice. Have they never heard of a CVA? That said there is without doubt a need to cut the cloth and to be fair any bunch of charlies could cut the club's (or B Bulls 2017 Limited's) losses and they could with a firm hand on the tiller conceivably stabilise the situation over the next 1-2 year period. As is likely already known the club's £175K central funding for 2020 will have already been swallowed up by debts and the pension 'admin oversight' etc., and

c) There appears to be no sight (yet) of a suitably wealthy financial backer behind the consortium.

Who is pulling the strings behind this so called consortium is for you guys (and lasses) to speculate on, but we suspect the same person has been the puppet master behind the scenes since the day AC was introduced to takeover the Bulls brand and playing licence from the ailing Marc Green's BBNL in mid to late 2016.

Other than the above we can confirm that one of the club's largest creditors is the electricity supplier who are owed in excess of £75K.

Some of what is said above may already be on social media, and if it is we apologise.

Do we have any positive news. Well CB does have a record from Wakey of helping to turn around a club's ailing fortunes. That said, it is unclear as to whether he has yet to fully grasp (or been told of) the size of the task at hand with the Bulls, and allegedly his current business plan doesn't on face value stack up to much. He also has said that he doesn't intend to have a hands on role. Well , somebody better do!

If we were betting folk (and of course MS is) then we would sadly foresee that B Bulls 2017 may sadly enter into administration within the next 2-4 months. We may be wrong, so let's hope not. And who knows there may be other major investors with significant funds on tap waiting in the wings !

Without even trying I can think of 12 reasons someone might want to avoid a CVA.....

Re: Bulls Takeover : Fri Oct 11, 2019 10:40 am  

nestegg wrote:

As is likely already known the club's £175K central funding for 2020 will have already been swallowed up by debts and the pension 'admin oversight' etc., and

I though 6th place was worth approx. £300k for next year, unless you mean there will be approx. £175k left after advancements?

Re: Bulls Takeover : Fri Oct 11, 2019 10:50 am  

Highlander wrote:

I though 6th place was worth approx. £300k for next year, unless you mean there will be approx. £175k left after advancements?

Before the readjustment of funding levels 5th was worth around £250k, so £175k now for 6th sounds about right.

Re: Bulls Takeover : Fri Oct 11, 2019 10:51 am  

nestegg wrote:

b) in broad terms the proposed new consortium's draft business plan appears for the main part to mirror what Chalmers was doing (e.g increase season ticket sales etc), but with tighter financial controls put into place. At this stage we understand CB is going to creditors and staff one by one and trying to coerce them into doing a deal on the substantial debt that is owed. In our humble opinion that is not good or conventional business practice. Have they never heard of a CVA? That said there is without doubt a need to cut the cloth and to be fair any bunch of charlies could cut the club's (or B Bulls 2017 Limited's) losses and they could with a firm hand on the tiller conceivably stabilise the situation over the next 1-2 year period.

I would suggest that reducing stadium expenditure from reported £600k pa (rent, rates, staff, maintenance, utilities) to reported £2k per game for next year is "good business practice". And that was put in place last month....
Just need to sort out income & debts now - "any bunch of charlies could do that?" no?

Re: Bulls Takeover : Fri Oct 11, 2019 10:58 am  

nestegg wrote:

Well mate based on the above one of the little nestegg's has been .....

Proven wrong yet again?

At least Stul is right about comedy value.

Re: Bulls Takeover : Fri Oct 11, 2019 11:03 am  

Mr Dog wrote:

Before the readjustment of funding levels 5th was worth around £250k, so £175k now for 6th sounds about right.

I think it's more that the top 4 in particular (wasn't it between £800 for 1st and £500k for 4th) now earn less and everyone earns much similar. Ive head around £300k for finishing 6th and there's around 15k less the lower down you go and vice versa the higher you finish. It was to stop the cliff edge of the £250k drop finishing between 4th and 5th. Whatever it is it sounds a fair chunk has already been spent so I think it will be very limited whatever it is.

Re: Bulls Takeover : Fri Oct 11, 2019 11:18 am  

Mr Dog wrote:

Without even trying I can think of 12 reasons someone might want to avoid a CVA.....

Ok. You may be right. Pl educate us.

1) Kindly list the 5 most poignant reasons;
2) Discuss the other alternatives, and
3) What would you do Mr Deputy Dog ?

We reiterate ..... one of the nesteggers (who claims to be the Bulls #1 fan) has been .....

lol

Re: Bulls Takeover : Fri Oct 11, 2019 11:20 am  

Bull Mania wrote:

I think it's more that the top 4 in particular (wasn't it between £800 for 1st and £500k for 4th) now earn less and everyone earns much similar. Ive head around £300k for finishing 6th and there's around 15k less the lower down you go and vice versa the higher you finish. It was to stop the cliff edge of the £250k drop finishing between 4th and 5th. Whatever it is it sounds a fair chunk has already been spent so I think it will be very limited whatever it is.

OOG ..... we may have got something right. Shock, horror.

OOG = Oh 'our' god.