Re: Latest state of play posts only : Wed Jul 11, 2012 11:23 pm  

FWIW i think it's a nice idea to have Potter involved, like some fairy tale ending. Problem is you cant run a club in dreamland. I honestly hope you guys survive, but at this point i'd take it anyway i could if i was you. Noble's no novice.

Re: Latest state of play posts only : Wed Jul 11, 2012 11:50 pm  

Tarquin Fuego wrote:

You fiddled the cap under Noble , you were caught remember . What you won is tainted in most other fan's eyes

"tainted in most other fan's eyes" is a generalisation that even your fellow FC fans would disclaim.
Get a life sunshine!

Re: Latest state of play posts only : Thu Jul 12, 2012 3:18 am  

My summary of where we are, add comments if you have actual information.

Bradford Bulls
In Administration, facing Liquidation if a buyer cannot be found.
Assets are a current SL license, players and perhaps some structures on the site.
They are tenants to the ground leaseholders - the RFL . The agreed rent payable is not known
Odsal Stadium is an aged structure which is very expensive to maintain.

The RFL
Having loaned the Bradford Bulls considerable monies, they took the option of trading these loans for the leasehold of Odsal. Not something that they wanted to do but it did recoup their loan.
The RFL wish Bradford Bulls to remain in SL, and are the sole arbiters on this
Other actions that may be considered by the RFL may need approval from all SL clubs
The RFL would prefer to divest themselves of the lease on Odsal at cost+ but not if was to the detriment of denying Bradford Bulls a ground to play at.

Bradford Council
BDMC will not directly put money into Bradford Bulls, it would be an unfair use of rate payers money
BDMC own the Odsal land which was leased to Bradford Bulls, and then agreed to transfer the lease to the RFL. to be sub-leased to Bradford Bulls
If BDMC were able to buy back the lease then the land would would be theirs to sell to other users.
They could change the use of the land to commercial or housing and get a shed load more money in rates than its present use. Perhaps a prestigeous delevelopment
This would mean the Bulls playing elsewhere than Odsal which BDMC might be prepared to facilitate. Should it be to Valley Parade it would seem as an even handed support to both teams.

Bradford City FC
A Club that is synonymous with the city but still under serious financial pressures even after a few millions put in by previous directors/owners over the last few years.
To share the rent and maintenance costs with the Bulls would put oodles of cash into their coffers and maybe help to lift them to promotions.
One of their owners (or in tandem with a Bulls investor) could make a bid for the Bulls
Clearly these owners would have to be assured that they are buying a club stripped of debts, that the team remains strong and competive in SL to include our most promising players, otherwise
how could they keep up the gates of 10,000 Bulls supporters
They would of course need to get SL approval for a change of ground, temporary dispensation for the length of the pitch.

Akbar's
The whole image these people present in their Restaurants is of magnificence, not one run out of a glorified tin hut such as the Coral Stand.
They are involved in the bid, and if its for Restaurant purposes we can expect a flagship one of exceptional size and magnificence

Housing Deveolper
As said one of the consortium is a housing developer. This may or not be on land south of Odasl known locally as "the tip".
If BMDC were to give planning permission for houses it would be valuable. Access would be through the current Bulls site.

Commercial Developer
As said one of the consortium is a Commercial Developer. Don't know what this could involve.

Odsal Bowl
I calculate 1,200,000 cube meters to fill in to make it flat.
Say you charged £30 a load for tipping dry fill from a 30 cube meter wagon
Then the receipts would be £1.200,000.
Or the council could dry tip there and save themselves even more money.

Re: Latest state of play posts only : Thu Jul 12, 2012 6:15 am  

[Odsal Bowl
I calculate 1,200,000 cube meters to fill in to make it flat.
Say you charged £30 a load for tipping dry fill from a 30 cube meter wagon
Then the receipts would be £1.200,000.
Or the council could dry tip there and save themselves even more money.[/quote]




one of the best posts I have EVER read

Re: Latest state of play posts only : Thu Jul 12, 2012 7:16 am  

bobsmyuncle wrote:

The RFL
Having loaned the Bradford Bulls considerable monies, they took the option of trading these loans for the leasehold of Odsal. Not something that they wanted to do but it did recoup their loan.
The RFL wish Bradford Bulls to remain in SL, and are the sole arbiters on this
Other actions that may be considered by the RFL may need approval from all SL clubs
The RFL would prefer to divest themselves of the lease on Odsal at cost+ but not if was to the detriment of denying Bradford Bulls a ground to play at.

.

The RFL have said that, if the club is liquidated, they wish to see the Bulls see out the season but then may review the situation.

Re: Latest state of play posts only : Thu Jul 12, 2012 7:31 am  

Ferocious Aardvark wrote:

The Bulls sold their lease to the RFL though. The RFL are the Council's tenants. Not the Bulls.

The Council must have consented to the sale of the lease so now they have their new tenants and that's that. It is the RFL who would have the power to refuse to let the Bulls out of their lease - except that that power counts for very little with the administrator. Not least because the Bulls that would be playing out of VP (if that was the plan) would be Newco Bulls. And not Odsal Tenants Bulls.

If (for instance) the administrator proposes to sell the underlease to Newco Bulls, how would the Council stop him?

Didn't the T and A state the deal was dependent on the RFL selling the lease back to ABC/Bulls? The council would have to agree to this transfer and would insist that as a condition of the original settlement that the Bulls would play there. I can see the sense of the council allowing the Bulls out of the lease but can't see any way they would allow a situation where the Bulls went to VP and Akbars stayed at Odsal. Whoever agreed to that would spend the rest of their life in front of the audit comittee.

Re: Latest state of play posts only : Thu Jul 12, 2012 7:46 am  

would insist that as a condition of the original settlement that the Bulls would play there.

Why? If the new owners say they don't want it and the council can get a nice wedge from it why would they insist on that? What do they get out of it that is nicer than millions of pounds and some construction jobs this deep into an economic slump?

Re: Latest state of play posts only : Thu Jul 12, 2012 8:04 am  

Because they wouldn't leave themselves in a situation where the Bulls went to VP and ABC had a 100 year lease on the site. In effect for minimal investment ABC would have control of a huge site next to the M606/62 that was owned by BMDC.

The future potential 'wedge' would therefore have to be shared with ABC whereas if they insisted on keeping the clause which states the Bulls must play there, were the Bulls to request a release from said clause and council agreed, BMDC would reclaim the entire site with no other parties holding a stake.

In this scenario BMDC would get the full 'wedge'. This is why the 'predator' theory expounded at the time of the sale of the lease to the RFL didn't hold.

Re: Latest state of play posts only : Thu Jul 12, 2012 8:04 am  

Bradford City FC

A Club that is synonymous with the city but still under serious financial pressures even after a few millions put in by previous directors/owners over the last few years.

The last time I checked we weren't in any sort of financial trouble?!

To share the rent and maintenance costs with the Bulls would put oodles of cash into their coffers and maybe help to lift them to promotions.

As far as I understand any money raised would go to that horrible man, Gordan Gibb.

They would of course need to get SL approval for a change of ground, temporary dispensation for the length of the pitch.

Mark Lawn and Julian Rhodes have said that if you do come down to VP they will have to remove some of the rows at the front of both the Bradford End & Kop. Thus making the pitch suitible for RL/SL.

Re: Latest state of play posts only : Thu Jul 12, 2012 8:10 am  

vbfg wrote:

Why? If the new owners say they don't want it and the council can get a nice wedge from it why would they insist on that? What do they get out of it that is nicer than millions of pounds and some construction jobs this deep into an economic slump?

Also the RFL when buying the lease committed themselves to the fact that its an iconic rugby league venue, looks a dogs dinner hope they can sort this out.