Re: Latest financial situation - all posts here : Tue Jun 26, 2012 10:59 am  

All the best guys. Anybody gloating is no fan of RL. I hope you come out clean and with most of your squad intact.

Re: Latest financial situation - all posts here : Tue Jun 26, 2012 11:02 am  

hope you guys come through this

Re: Latest financial situation - all posts here : Tue Jun 26, 2012 11:05 am  

Guilfoyle says in TV interview that Bulls need to raise £300,000 by end of next week

Re: Latest financial situation - all posts here : Tue Jun 26, 2012 11:05 am  

BrisbaneRhino wrote:

All the best guys. Anybody gloating is no fan of RL. I hope you come out clean and with most of your squad intact.

Ta, and thanks to all the well wishers, and I agree, its times like these that you see people for what they are. I just hope we come out of it full stop. If some of our brighter prospects have to go to help the club survive then so be it, the youth system will have served a vital purpose, and hopefully will carry on providing the replacement players we'll need in the (hopefully) coming seasons.

Re: Latest financial situation - all posts here : Tue Jun 26, 2012 11:07 am  

let's hope that some new investors salvage the club and the RFL bar all the the previous regime from being involved as they were the ones who have put Bradford into this mess

Re: Latest financial situation - all posts here : Tue Jun 26, 2012 11:08 am  

Is it likely that players will be sold to clear debts or are the contracts of these players now void? Or do they go void IF you enter liquidation?

The best guy to ask is your owner, the Warrington vultures have been hovering for some time!

Re: Latest financial situation - all posts here : Tue Jun 26, 2012 11:13 am  

I feel very sick at this moment in time, used some of my savings and brought amber season ticket should have P£%%^^ it up the wall instead. Very let down by the squabbling BoD who could not get over their differences out of the way for the benefit of the club. Will I get another season ticket… go figure GUTTED

Re: Latest financial situation - all posts here : Tue Jun 26, 2012 11:17 am  

Vamsie wrote:

"complicit" ? How do you work that out?

Are you saying we shouldn't have bought any tickets at all? How would it have worked out if nobody had "snapped" any of them up?

IIRC fans were asked to commit to buying season tickets and if a certain number was reached then they would become available at bargain basement prices. It certainly wasn't a case of buying a cheap ticket or none at all.

The Bradford fans couldn't believe their luck and I don't remember many stopping to think about the financial impact it might have on the club.

Re: Latest financial situation - all posts here : Tue Jun 26, 2012 11:19 am  

Sweaty Betty's wrote:

Is it likely that players will be sold to clear debts or are the contracts of these players now void? Or do they go void IF you enter liquidation?

The best guy to ask is your owner, the Warrington vultures have been hovering for some time!

I would expect Bateman, Whitehead, Addy etc to be sold on now. Not 100% on whether their contracts become void once the club enters administration.

Terrible day for the club.

Re: Latest financial situation - all posts here : Tue Jun 26, 2012 11:22 am  

I've dug a couple of things up from my Fulham days, I'm not sure how the law stands now, so feel free to correct, ignore or insult as you see fit.
Firstly a quote from 'Note on Liquidation and Administration':
'When a company goes into liquidation, it ceases trading immediately. The company's assets become the property of the liquidator, who has a duty in law to get the best possible price for the assets, and therefore maximise the payments to the outstanding creditors.
Liquidation of a company may be intiated by the shareholders, directors, its creditors, or by a court order if the company is insolvent'.
Secondly, the players. Thsi is a summary of the 'Note of Judgement' on the players' contracts given by Judge Peter Gibson.
'... he decided that Fulham Rugby League Footbal Club ceased to exist as a member of the Rugby Footbal League and of the Rugby League [not sure what the difference is myself!] when the company Fulham Rugby League Football Club Ltd. ceased to carry on the undertaking [i.e. went out of business] on or after 16 August 1984, and that the respective registrations of the players with the club thereupon lapsed'.