Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:02 am  

isaac1 wrote:

time to abandon ship, and get any money we can to start a new club. giving any omney to this lot is like throwing it to the wind.

Caisley and Hood and the people around them have mismanaged this club in a monumental way. time to start from scrath, and pull some money together to form a community club

RLFC Northern of Bradford

Playing where exactly?

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:02 am  

Didn't we just re-sign Whitehead to a long term deal, and trying to do the same with Bateman? That's in the last 7 days for goodness sake. Whatever has happened must have been since then?

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:03 am  

A rebuilt team leasing Valley parade or Odsal would seam the most likely senario.

There is also the possibility that this is a counter move against the bank. The bank have reduced the overdraft. So bulls respond with this. ie Either give us back the overdraft and hope you get the money back long term, or stiff us and there will be no money to pay the rest of what we owe, as we have no assets that we can liquidate.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:04 am  

Asim wrote:

Someone is in cloud cuckoo land if they think fans can raise £1m between them.

It needs to be made clear what the money is for, and what raising it will achieve, the fundraising needs to be co-ordinated by someone outside of the club (i.e. a supporters trust) and kept hold of so it just doesn't disappear down a black hole if the overall target is not met and therefore the money raised can then be used to support a newly reincarnated club.

I guess it had to happen eventually, but on this occasion I totally agree with you.

But speaking as one of the ten current directors of the existing Supporters' Trust, pretty well all of whom are very busy with their day jobs, we'd need a lot more volunteers.

We actually already have an established vehicle, in The Bradford Rugby League Supporters Society Ltd (Bullbuilder). Some otehr clubs are already owned by their supporters' trust - but nothing anything on the scale of Bradford. The big question is, how many people would actually want to get involved, operationally or financially? I'm not at all sure as things stand I would. In fact, I very proabably would not. But that is me speaking in a purely personal capacity.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:06 am  

Best of luck people. It's not a great place to be in and I speak from experience but if you all pull together there is a future. Keep the faith.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:06 am  

Wouldn't the most obvious way out be to speak to the RFL about the debt we owe them? Why are they making us pay it all back in one go if it bankrupts the club?

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:08 am  

Sad news, a big club, totally mismanaged which has no way of raising the money needed.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:10 am  

Nothus wrote:

Wouldn't the most obvious way out be to speak to the RFL about the debt we owe them? Why are they making us pay it all back in one go if it bankrupts the club?

The RFL were paid back with the sale of Odsal. Why did they want their money back, because they probably have seen the books and did not want to loose it before the bank called time.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:11 am  

Roofaldo wrote:

loving hell.

That's not the sort of thing you need to see first thing in the morning

As I'm not that knowledgeable when it comes to these things, but can't we just go bust and form a new company? Like London and Crusaders did?

Not 100% on this but wasn't it said that any team in SL that went into admin/went bust/liquidiation would lose their Franchise,as I say not 100% on this.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:13 am  

bewareshadows wrote:

The RFL were paid back with the sale of Odsal. Why did they want their money back, because they probably have seen the books and did not want to loose it before the bank called time.

More to this all than meets the eye, mate, I'm sure.