League Express : Mon Apr 27, 2009 2:24 pm  

For those people who don't buy or read the LE last week Stevo in his column made some comment about our finances

Stevo wrote " There are strong rumours that the Bulls are in financial difficulty and are struggling to keep afloat".

This week Peter Hood has made a response

Peter Hood wrote"None of these rumours have reached my ears, and perhaps Mr Stephenson might like to give me a call and reveal his sources," said Hood
"There are very few clubs in Super League that operate at a profit, and there very few with net assets in their balance sheet. But Bradford is one of those few clubs.
"We have no mortgages,we have paid for the Coral Stand, we occupy our ground on what are essentially freehold terms, and so his sources are plain wrong. That is not to say we are rolling in money; we are not. We don't have a sugar daddy. unlike some clubs, but we are not in financial strife.
"I would be delighted if Stevo would give me a call clarify the situation, ans I will gladly let him know what the true facts are."

: Mon Apr 27, 2009 2:33 pm  

It's totally unproffessional of Stevo to do this. A national broadcaster using a weekly newspaper column to indulge in damaging and unfounded tittle tattle about the financial health of one of the clubs in the sports elite dvision.

Considering that the Bulls have this year announced a new sponsorship deal with a multinational logistics company and a partnership with an insurance broker did it not occur to Stevo that these companies might not have come on board without looking over the books first?

If I were Peter Hood I'd be demanding a full retraction in League Express as this could be highly damaging at corporate level if anyone took any notice of the rantings of Mike Stephenson!

: Mon Apr 27, 2009 2:39 pm  

Maccbull_BigBullyBooaza wrote:

It's totally unproffessional of Stevo to do this. A national broadcaster using a weekly newspaper column to indulge in damaging and unfounded tittle tattle about the financial health of one of the clubs in the sports elite dvision.

Considering that the Bulls have this year announced a new sponsorship deal with a multinational logistics company and a partnership with an insurance broker did it not occur to Stevo that these companies would have come on board without looking over the books first?

If I were Peter Hood I'd be demanding a full retraction in League Express as this could be highly damaging at corporate level if anyone took any notice of the rantings of Mike Stephenson!

I totally agree with this. With the amount of negativity about the clubs finances it could soon become a self fulfilling profecy if we are not careful.

: Mon Apr 27, 2009 3:08 pm  

Well it just proves what we all know, Stevo is an idiot and knows jack $hit. Glad to hear that from Hood, shows he has some balls.

: Mon Apr 27, 2009 3:09 pm  

That is really poor IMO - obviously we are not rolling in cash but we do have a self sufficient business model in place now and stability.

Something most dont have in SL. Hood should be congratulated for this, im not sure he gets the recognition he deserves for this

: Mon Apr 27, 2009 3:13 pm  

I hope a solictors letter found its way to Mr Stephenson's letterbox for his pains. I too am astonished that he would use his column to spread what appears to be pure malicious gossip with no credible source.

: Mon Apr 27, 2009 3:42 pm  

Ferocious Aardvark wrote:

I hope a solictors letter found its way to Mr Stephenson's letterbox for his pains. I too am astonished that he would use his column to spread what appears to be pure malicious gossip with no credible source.

I'm sure we shouldn't be making allegations about what Stevo does with his column. I hear he's a Big Unit

: Mon Apr 27, 2009 3:44 pm  

He does it every week with player rumour's 99% of them unfounded so it's no surprise really.

: Mon Apr 27, 2009 3:45 pm  

Ancient Provocateur wrote:

I'm sure we shouldn't be making allegations about what Stevo does with his column. I hear he's a Big Unit

Stevo needs to get the message out to this Bratfud outfit that he's sorry for using his column as if it's the women's institutte coffee morning gossip session.

: Mon Apr 27, 2009 3:45 pm  

rhinoms wrote:

He does it every week with player rumour's 99% of them unfounded so it's no surprise really.

Imo he's an absolute idiot.