Re: Bulls Takeover : Thu Oct 17, 2019 7:52 am  

nestegg wrote:

Highlander - Intrigued to know who ever told you, or even suggested, that we will benefit from a £500k annual saving from not being at Odsal.

From the numbers we have seen mate such a saving sounds OTT, or to be frank, utter tosh. The repair and maintenance obligations for Odsal were/ are down to the holder of head lease; the RFL. The Bulls hadn't even invested in a lick of paint at Odsal since Chalmers was put into place by the RFL/ the puppet master.

The annual rent for Odsal (taken by RFL out of central funding) was circa £65K. The annual rent for Rams will work out to be virtually the same albeit we understand based on a pay per home game deal, but Bulls may save a bit on utility costs.

Despite likely being responsible for it, can't see the Rams paying for stewarding, at circa £600 per game.

So if CB is possibly banking on a £500K annual saving from not being at Odsal then we sense he and all us fans will end up being very disappointed.

The numbers (or ball park) I have are rent £72k. Business Rates low 6 figures. Permanent and match day staff low 6 figures. Utilities & public indemnity insurance mid to high 5 figures. So that's about £350k. Maintenance is the one I've no number on. You're saying it's zero. If that's not true, and if the 30k plumbing bill from a few years ago isn't an urban myth, then we could get to £500k quite quickly.

Re: Bulls Takeover : Thu Oct 17, 2019 8:33 am  

nestegg wrote:

Snowie mate - what makes you think CB would put anything in, other than hard work? There appear to be no backers with a decent 'nestegg'.

Anybody would think that there are some (us not included) controlling CB's strings who in reality want us to ultimately fold, and they can then concentrate their minds on the land we left last month.

Why do the Bulls need to fold? You've already left Odsal so why go to all the trouble of installing a puppet? If the land is worth what you seem to think then I'm sure the RFL will have plans. Then again I am talking about the RFL!. Other people will surely be as aware as you of this wonderful opportunity.

Re: Bulls Takeover : Thu Oct 17, 2019 8:56 am  

Highlander wrote:

The numbers (or ball park) I have are rent £72k. Business Rates low 6 figures. Permanent and match day staff low 6 figures. Utilities & public indemnity insurance mid to high 5 figures. So that's about £350k. Maintenance is the one I've no number on. You're saying it's zero. If that's not true, and if the 30k plumbing bill from a few years ago isn't an urban myth, then we could get to £500k quite quickly.

Rateable value is low 6 figures, NOT business rates which are calculated from that by multiplying by the poundage (currently 50.4p in the £) giving a figure of just over £50k.

Re: Bulls Takeover : Thu Oct 17, 2019 9:02 am  

Mr Dog wrote:

Rateable value is low 6 figures, NOT business rates which are calculated from that by multiplying by the poundage (currently 48p in the £) giving a figure of just over £50k.

Looked it up - rateable value £97,500 on the gov.uk website - on the 2010 list

Re: Bulls Takeover : Thu Oct 17, 2019 9:03 am  

Or maybe he's made the mistake you're pointing out, which is quite possible

Re: Bulls Takeover : Thu Oct 17, 2019 9:13 am  

Highlander wrote:

Or maybe he's made the mistake you're pointing out, which is quite possible

It's quite easy to find the rateable value of any business/address in the UK and also how to calculate business rates from that. Odsal might be slightly more complex in that Chalmers has another 11 or so businesses registered there, although that should mean that the business rates for the Bulls are slightly lower than for Odsal as a whole (105x0.504=£52.92k).

Re: Bulls Takeover : Thu Oct 17, 2019 10:05 am  

Perhaps Sport England should be the ones to start an investigation into the RFL https://www.totalrl.com/calls-growing-f ... ium-lease/

Perhaps Sport England should be the ones to start an investigation into the RFL https://www.totalrl.com/calls-growing-f ... ium-lease/

Re: Bulls Takeover : Thu Oct 17, 2019 10:50 am  

Highlander wrote:

Looked it up - rateable value £97,500 on the gov.uk website - on the 2010 list

Current value is £105k (and fwiw Headingly is £138k for the rugby and £238k for the cricket so same sort of ballpark).

Re: Bulls Takeover : Thu Oct 17, 2019 11:20 am  

Highlander wrote:

The other glass half full would be over 3 years we’ve built up £600k debt - so about £200k per year. Over the same period we’ve spent about £400k (being conservative) per year on Odsal....

In Year 1 we (AC) built up £670k debt. We now (allegedly) find ourselves with £500k debt. Which is a reduction over the last two years of £170k. And fits the trend line too. But to misquote as the Government health warning , the value of RFL penalties can go up as well as down.

One other factor that gives me optimism for the future is CBs background. Studies show that companies run by finance men are far more profitable than those run by sales and marketing people, because we look at the figures , not the waffle and ego aspirations of COYBULLs hitters.

Re: Bulls Takeover : Thu Oct 17, 2019 12:01 pm  

BTW a CCJ unless paid within 14 days remains on the record for six years paid or unpaid. The fact that the three creditors do not appear to have taken visible enforcement action may be that AC agreed instalment plans with them, which is very common. sort of individual CVAs. And as I said before, if a debtor comes to me saying that they had hit a bit of a sticky patch but were doing xyz to get the funds in ( eg sell a few properties - OK: but not that they were helping a Nigerian businessman get the $1Bn proceeds of his uncles will out of Nigeria via OneCoin) and could payment be made according to a schedule, it is always in my businesses best interests to get as much back voluntarily rather than nothing after expensive legal costs etc. If they have always paid on time in the past, then that helps to validate their story. If the first instalment is missed, then you put the boot in. Which so far has been absent in the Bulls case.