Re: Latest state of play posts only : Tue Jul 24, 2012 11:29 pm  

andycapp wrote:

ATEOTD if the RFL refuse to sanction this deal then they are going to be seriously out of pocket. Additionally many people will be thrown on to the dole and a top super league league club will close its doors for good and a few thousand supporters without a club to support who may lose complete interest in the professional game.The RFL simply have to let this deal go through. Too much is at stake to be worrying about a few minor rules and principles being transgressed.
It may well be that the RFL will be seen to be setting precedents that others consider unfair but in the light of these troubled economic times i think we are very lucky to see someone come forward to buy this club and any rejection of such a deal would just be plain stupid.

RFL may be out of pocket more if they accept the deal. Sell the lease for less than 1.2m then the RFL make a loss. I suspect the ABC offer will be far below 1.2m. Furthermore the chances of losing the odsal land for RL will be far higher. Keeping odsal will enable the RFL to keep the lease, keep odsal for RL and they may get an income from ''bradford bulls 2012 ltd'' playing there as a championship club and maybe later as a sl club.

Also allowing the bulls to stay in sl after administration may lead to long term problems with HMRC and may be counter to what many sl clubs want (a sl of 12 or 13 clubs).

Re: Latest state of play posts only : Wed Jul 25, 2012 2:44 am  

Stul wrote:

Not really. Bradford have suffered a perfect storm of circumstances, coupled with some seemingly inept management.

Rangers cheated.

Yeah and Bulls CHEATED their way to 'success' in the recent past !!!!!!!!! or did you 'forget' and the irony is the CHEATING by over spending and not building a war chest is what is causing you the issues today !

oh the irony

So you are in real danger because you spent over the cap instead of SAVING money in a 'fix the roof while the sun is shining' way.

I am not sure of your future because take over consortiums rarely stump up proper cash and seem to want it all for nothing and no risk

Re: Latest state of play posts only : Wed Jul 25, 2012 6:04 am  

Tarquin Fuego wrote:

Yeah and Bulls CHEATED their way to 'success' in the recent past !!!!!!!!! or did you 'forget' and the irony is the CHEATING by over spending and not building a war chest is what is causing you the issues today !

oh the irony

So you are in real danger because you spent over the cap instead of SAVING money in a 'fix the roof while the sun is shining' way.

I am not sure of your future because take over consortiums rarely stump up proper cash and seem to want it all for nothing and no risk

I personally dont think that a deal can be done as rfl will need 1.2m for lease before anything is agreed. For the RFL not to demand that for the lease would be wrong for the rest of the game. Bulls need to pay back the money they recieved for the lease otherwise for me the saving of the bulls by abc is a no go. Other option is takeover bradford as andrew glover did at wakefield and pay rent on the ground as wakefield do. When they are in a stronger position then buy back the lease.

Re: Latest state of play posts only : Wed Jul 25, 2012 6:56 am  

I always thought that the issue with the lease was perception.

The RFL gave a loan that could not be repaid so as a result bought the lease to get the payment back eventually. Now ABC presumably want it for nothing or very little. They cannot let it go for very little for a few reasons.
1) money. Everyone likes it and they would want as little loss as possible.
2) perception. If they give it up for a loss would the perception be that the RFL has basically given out a wedge of cash to prop up the bulls
3) concern for ABC. Why do they want the lease so desperately. Do they want the land more than the team? Why do they need the lease? Couldn't they just negotiate just a better deal.

Non of the above is me saying this is the issue, just some thoughts

Re: Latest state of play posts only : Wed Jul 25, 2012 6:58 am  

wereutherein1987? wrote:

Same stupidity seen by Celtic voting Rangers out of the SPL.....

Celtic voting to kick Rangers out had nothing to do with football, moral highgrounds or anything other than pure hate. Fans and the club would happily cut an arm off to see Rangers in Div 3.

The same people crowing at their demise will be complaining in a few years time when they have no sponsorship and are in terminal decline. Who is going to be interested in a one horse race?

Re: Latest state of play posts only : Wed Jul 25, 2012 7:01 am  

Ferdy wrote:

3) concern for ABC. Why do they want the lease so desperately. Do they want the land more than the team? Why do they need the lease? Couldn't they just negotiate just a better deal.

With any luck its because they see how bad a move it was to trade the lease for cash and an ongoing market rent (and continued upkeep costs) verses the pepercorn one we were paying before.

Re: Latest state of play posts only : Wed Jul 25, 2012 7:36 am  

Tarquin Fuego wrote:

Yeah and Bulls CHEATED their way to 'success' in the recent past !!!!!!!!! or did you 'forget' and the irony is the CHEATING by over spending and not building a war chest is what is causing you the issues today !

oh the irony

Not at all. I am very aware of that.

But it has nothing to do with the point you were making and nothing to do with the situation the Bulls currently find themselves in.

Which is easy now. You are either a troll or an idiot and I can save myself a little time by not having to read your ignorant bilge.

Re: Latest state of play posts only : Wed Jul 25, 2012 8:33 am  

With Wire following Leeds re tickets to the Club or the Hardship Fund in this case and Widnes' Owner putting in a decent wedge for the Pledge. Shows that there is strong undercurrent of support from the SL Clubs and it may also be a way of showing a couple of detractors and the RFL that the Bulls should not be allowed to go to the Wall. The RFL hold the key to this and are having to find a way to make the deal acceptable to them the SL and Consortium. This could be plate spinning at its best and will need to be!

Re: Latest state of play posts only : Wed Jul 25, 2012 8:56 am  

Ferdy wrote:

I always thought that the issue with the lease was perception.

The RFL gave a loan that could not be repaid so as a result bought the lease to get the payment back eventually. Now ABC presumably want it for nothing or very little. They cannot let it go for very little for a few reasons.
1) money. Everyone likes it and they would want as little loss as possible.
2) perception. If they give it up for a loss would the perception be that the RFL has basically given out a wedge of cash to prop up the bulls
3) concern for ABC. Why do they want the lease so desperately. Do they want the land more than the team? Why do they need the lease? Couldn't they just negotiate just a better deal.

Non of the above is me saying this is the issue, just some thoughts

I argued at the time that the lease wasn't a bail out but in light of what's happened your assertion is almost certainly correct.
1. Correct.
2. They didn't prop up the Bulls. The Bulls collapsed anyway. They merely prolonged the inevitable, made sorting the mess out more difficult and landed themselves with £1.5 liability to zero purpose.
3. because without investment in the facilities they can't turn a profit and they're not going to invest without tenure. Plus they're not going invest and pay rent.

[Bulliac]

Re: Latest state of play posts only : Wed Jul 25, 2012 9:12 am  

Adeybull wrote:

So the obvious conclusion is that they are waiting for a better offer to manifest itself.

Well, standard negotiating tactics don't usually involve going straight in with your best offer, but as you say, it needs to be quick!

If normality is turned on its head, and it actually turns out to be their best offer...then both us and the RFL are stuffed, 'cos it sure as hell don't sound like there is anything else out there - save maybe a Leeds based legal chap on an off-white charger?