Indeed.

A lot more damage will be done if the board cash in the pledges next week only for the club to limp along for a few more months then go bust, than if they were to announce on Tuesday morning that they hadn't been able to come up with enough to support the pledge total and call in the administrators then.

I can only assume that the further delay to the announcement is to give them more time to try and find that extra financial support they claim is necessary.

I can understand fans desperate to save their club i honestly can but pledging 500k and then another 500k is needed later this month would you seriously TRUST this regime with that amount of money??
Far too many un-answered questions and the blame seems to be everywhere except where it should be pointed to.

Wonder how many Bulls fans will be waking tomorrow expecting the Easter Bunny to have left choccy eggs?
Most of those who pledged I presume

I heard tell that Kearsley has once again offered to take the club on again, but has once again stated that if he does he doesn't want ANY of the current board. Apparently, once again, the current board have politely refused his offer.
So have the board asked their majority shareholder for money? Yes.
Is their interest in the wellbeing of the club secondary to their own interest? Who's to say?

Don't you mean Caisley?

Yup. It's the day after the Dewsbury amateur derby. I am currently half blind, hung over and apparently stupid.

Which might not surprise some people.

As Friday was a bank holiday and banks wont take any action on the weekend and Monday is a bank holiday I dont understand why the original deadline was 5pm Friday, why not 9am Tuesday which would be the next business day. It would also give them and extra few days in which to raise the money.

It was obvious why. To stampede their 'fans' to Odsal and it worked...got their first 20,000 crowd in 7 years.

Correct, and it worked this time quite successfully but it's not a sustainable policy preying on people's emotions and bringing out the begging bowls. Goodwill can only stretch so far and mine's already been used up.

Maybe the board will take their cut before going bust.
Nice litttle earner for the out going board there.

says on twitter they have reached £500000 and a full report about it in rl express tomorrow

That`s good news.
What will happen if they don`t get the next 500k?
Do the Board get a pay out or does the inland revenue, bank or SL get it?

Todays T and A reporting that the debt is now £1.2 million...they are losing £100k a month..what a mess.

Cue the feeding frenzy to commence to raise the remaining £500k. Could it be that GH has already done a deal with Hood to take one of their young players, hence the transfer of Pitts.

If they sell Bateman, Whitehead, Kopczak and L'Estrange could clear rest of debt and their wages off the balance sheet, at least they would have a club left. Go into administration all up for grabs.

Some folk on here wondered wher the money raised would go, well here's the answer: www.sportinglife.com/rugbyleague ... ml&BID=480 To the taxman & the players. Everybody happy?

Some folk on here wondered wher the money raised would go, well here's the answer: www.sportinglife.com/rugbyleague ... ml&BID=480 To the taxman & the players. Everybody happy?

Presumably Mr Hood and other directors fall into the "and staff" category?

Will that please those who pledged their hard earned?

Methinks people have been taken for mugs.

Surely there can't be many who've pledged who didn't consider the potential pitfalls.

How much of the £506k raised is down to pledges?
If for instance it is in the region of £400k and I read somewhere that you can expect to recover 80% of pledges made.
That means they might only get £320k which would still leave them short of around £74k.
How does that stack up or are they hopeful they will receive the full round of pledges?

There's money to be made in Bradford.
Once I've drafted details of my 'Pyramid Get Rich Plan' I'm going to post in over on the 'Redamberandgullible' forum, sit back and watch the money roll in

IIRC doesn't that £500k "pledged" include the gate money from the Leeds game, plus all the money raised so far by auctions etc? So only a relatively small percentage of that will be cash pledges that they now have to chase up.

Anyone with access to Companies House records able to see how much the Bulls declared as directors remuneration in their last filed accounts? I'd hate to think - as G1 suggests - that the directors salaries are being paid off as part of this first tranche of "liabilities".

BAN THIS FILTH


[size=85(I'm 37 years old and still amused that Bradford's local rag is called the T&A)[/size

AFAIK none of the directors get any remuneration at all. But I could be wrong.

One could argue that they are being paid what they're worth.