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| [url=http://www.justice.gov.uk/courts/court-lists/list-companies-winding-up129 - is that you lot ? anyone know what its about ?[/url
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| Phew.....that's all OK then.
Oversights in the accounts department, late payment of wages, hurried release of capital from elsewhere to pay said wages....it's like a 1980's TV sitcom.
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| Quote ="Bully_Boxer"www.bradfordbulls.co.uk/news__video/article/8564/bulls-dismiss-winding-up-order'"
Ah right, cheers for that, weren't sure if it was something new.
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| Quote ="GIANT DAZ"Ah right, cheers for that, weren't sure if it was something new.'"
No, it's nothing, unfortunately for those who wish it was something and are reduced to making idiotic comments
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| Quote ="roofaldo2"No, it's nothing, unfortunately for those who wish it was something and are reduced to making idiotic comments'"
ah,.....so there weren't any late wages payments, no errors by the accounts department and no release of equity from elsewhere to enable bills to be met.
My Bad
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| Quote ="gutterfax"Phew.....that's all OK then.
Oversights in the accounts department, late payment of wages, hurried release of capital from elsewhere to pay said wages....it's like a 1980's TV sitcom.
'"
Which one?
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| Quote ="M@islebugs"Which one?'"
Last of the Summer Wine?
A group of male pensioners - most famously Ferocious Aardvark (Compo), roofaldo2 (Clegg) and Omar Khan (Foggy) - indulge in boyish pranks in a quiet Yorkshire village called Bradford. Their japes revolve around denying the club has cashflow troubles and wooing their stay away fans - especially ones who now follow Huddersfield or have returned to supporting Keighley - or getting posters who dare challenge them into trouble!
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| Quote ="gutterfax"ah,.....so there weren't any late wages payments, no errors by the accounts department and no release of equity from elsewhere to enable bills to be met.
My Bad
'"
Yes, shame that's a different matter to this one. But hey, you do whatever you need to try and make yourself feel better and continue your crusade to try and prove your made up figures
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| Quote ="roofaldo2"Yes, shame that's a different matter to this one. But hey, you do whatever you need to try and make yourself feel better and continue your crusade to try and prove your made up figures'"
I am only following the instruction of the threads name....
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| Quote ="roofaldo2"Yes, shame that's a different matter to this one. But hey, you do whatever you need to try and make yourself feel better and continue your crusade to try and prove your made up figures'"
Unfortunately they are all symptoms of the underlying problem which is lack of ready cash - a problem haunting several clubs at the moment. That is why it is so important for Bulls fans to get those season tickets and "belong" as soon as possible.
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| Quote ="gutterfax"Last of the Summer Wine?
A group of male pensioners - most famously Ferocious Aardvark (Compo), roofaldo2 (Clegg) and Omar Khan (Foggy) - indulge in boyish pranks in a quiet Yorkshire village called Bradford. Their japes revolve around denying the club has cashflow troubles and wooing their stay away fans - especially ones who now follow Huddersfield or have returned to supporting Keighley - or getting posters who dare challenge them into trouble!'"
Oh, I thought when you mentioned 80s sitcoms it was going to be funny.
Anyway, what you seem to have missed is that Winding up orders etc don't apply to the Bulls. There's an agreed special coda between the RFL and HMRC under section '13.1.1 - Special Dispensations 'Clubs anybody gives a f**k about'.
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edited for the purpose of gutterfax.
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edited for the purpose of gutterfax.
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| Gutterfax won't read that. It doesn't say that the sky is falling down on Odsal. It explains what has happened and why. He doesn't like stuff like that, he's much happier making stuff up and calling it fact
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| Quote ="Ryan Whitcut"I am very disappointed to see some areas of social media consistently targeting the club in bad press, with negative comments in what seems to be a destabilising campaign'"
This is upsetting. What is more upsetting is people working in the mainstream media within RL which is quite a small community engaging in idle chitchat about the Bulls finances based on nothing more than malicious rumours on the internet.
A prime example being Gareth Jones (BBC) and Tony Hannan (Forty-20 Magazine) taking part in what was nothing more than the sort of gossip session you expect at an old ladies coffee morning on Radio Leeds on Sunday. That is potentially damaging!
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| Quote ="Ryan Whitcut"I am very disappointed to see some areas of social media consistently targeting the club in bad press, with negative comments in what seems to be a destabilising campaign.'"
Gutterfax being someone who loves to do just that, and nothing else to offer. In fact admitted his purpose being to wind us up, earlier in the thread. It may (or may not be) that the mods are prepared to tolerate the continued presence of this lowlife agent provocateur on RAB but as for me I have had quite enough of this fart in my spacesuit, and so off you go to join the other 2 in my Foes Bin. Have a nice life, Knut.
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| Quote ="Ferocious Aardvark"Gutterfax being someone who loves to do just that, and nothing else to offer. In fact admitted his purpose being to wind us up, earlier in the thread. It may (or may not be) that the mods are prepared to tolerate the continued presence of this lowlife agent provocateur on RAB but as for me I have had quite enough of this fart in my spacesuit, and so off you go to join the other 2 in my Foes Bin. Have a nice life, Knut.'"
Flattered, I'm sure
Bradford had issues with monies owed.....they have sorted that issue, as well as the late payment of wages, but the "sorting" of said issues doesn't disguise the underlying feeling that something just isn't right at Bradford. I take no Joy in posting about it, but I will continue to do so, especially if children like FA ^^^^ make veiled requests to have me banned because I posted my thoughts on the matter.
It's a forum FA.......it's where people come to discuss issues. You fail to see that and simply resort to name calling and insults, not to mention all delivered with the panache of a petulant 4 year old school girl.
Good luck v Hudds and for the future guys and gals....let's hope than fans an sponsors plough in and make the Bulls great again!
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| We'd get a lot less trolls (or get 'targeted' less) if we stopped making these errors in the first place.
Maybe Ryan will be more careful in the future.
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| Quote ="gutterfax" I take no Joy in posting about it, !'"
Really? Could have fooled me with your insistence that your "predictions", all of which you explained by showing you were ignoring most of the Bulls income, where fact that Bradford were going out of business.
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| The RFL put Bradford in special measures and suspended registration of players based on this.
Can't see how it was an error. Overdue tax bills don't get filed & forgotten about.
Has the loan from Barclays been cleared? The £200k loan from Bradford Council?
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| Quote ="roofaldo2"Really? Could have fooled me with your insistence that your "predictions", all of which you explained by showing you were ignoring most of the Bulls income, where fact that Bradford were going out of business.'"
whether my individual figures were accurate or not, the basic formula was spot on. You had received 840k of investment from your owner BEFORE you missed a wages payment. You then received another 900k from your owner to meet that wages payment.....so minimum of his investment used in 2013 is 1,040,000 notes (200k wages). Little is any new income since then...Catalan and London fans arrive via skateboard...but you continue to say the remaining 700k hasn't been used to pay bills this year.
Direct Debit sales for next years ST and please let us get 1,000 sold before Hudds point to stealing from peter to pay paul.......and lest we forget, the TAX BILL that was forgotten
I hope Bradford Bull pull through, but at the moment, the first 12 months has not gone to plan and to deny this is insane!
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| Quote ="BiffasBoys"The RFL put Bradford in special measures and suspended registration of players based on this.
Can't see how it was an error. Overdue tax bills don't get filed & forgotten about.
Has the loan from Barclays been cleared? The £200k loan from Bradford Council?'"
Over, done with, move on!
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| Quote ="gutterfax"whether my individual figures were accurate or not, the basic formula was spot on. You had received 840k of investment from your owner BEFORE you missed a wages payment. You then received another 900k from your owner to meet that wages payment.....so minimum of his investment used in 2013 is 1,040,000 notes (200k wages). Little is any new income since then...Catalan and London fans arrive via skateboard...but you continue to say the remaining 700k hasn't been used to pay bills this year.
Direct Debit sales for next years ST and please let us get 1,000 sold before Hudds point to stealing from peter to pay paul.......and lest we forget, the TAX BILL that was forgotten
I hope Bradford Bull pull through, but at the moment, the first 12 months has not gone to plan and to deny this is insane!'"
Omar Khan bought the assets at Odsal, valued at £3m by P&A Partnership. for £225k. There is no record of any further investment from him until the recent story of him cashing some assets to fund unpaid wages. There's no actual evidence of how much he put in in the public domain.
The £200k loan from Bradford Council isn't secured on club assets or income. The Barclays bank loan is.
£1m+ in season tickets for 2013. A main sponsor in Provident worth a reputed £300k a year, two big loans, merchandising and other sponsorship income, plus two big events held at Odsal & yet wages & tax bills left unpaid.
The club has been spending what it could not afford, this right off the back of the old company being liquidated.
With the play offs missed again season ticket sales will be unlikely to hit 6,500 for 2014, thus meaning a further drop in revenue.
Hopefully this alleged injection of funds from Omar Khan will secure the Bulls in the short term, but I fear it's only a matter of time before financial trouble rears it's head.
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| Quote ="gutterfax"whether my individual figures were accurate or not, the basic formula was spot on. You had received 840k of investment from your owner BEFORE you missed a wages payment. You then received another 900k from your owner to meet that wages payment.....so minimum of his investment used in 2013 is 1,040,000 notes (200k wages). Little is any new income since then...Catalan and London fans arrive via skateboard...but you continue to say the remaining 700k hasn't been used to pay bills this year.
Direct Debit sales for next years ST and please let us get 1,000 sold before Hudds point to stealing from peter to pay paul.......and lest we forget, the TAX BILL that was forgotten
I hope Bradford Bull pull through, but at the moment, the first 12 months has not gone to plan and to deny this is insane!'"
I think this feeling of 'something not being right' that you have is probably down to how our reduced central funding has not been reflected in the general operations of the club. The current predicament at Wakefield is a perfect example, where the new bloke in charge has come in and seen that the club's wage bill is way too high in comparison to their incomings. Remember this is with full share of sky money (plus some of ours). As a result, he is now gradually reducing the wage bill so that Wakefield can survive while not living beyond their means.
When we were docked our £600k, the directors had a choice to make. We either lower the wage bill to match incomings, or they rely on funding from elsewhere - be it sponsorship or Omar himself.
Their first season in charge was a new experience for them in all facets - they had absolutely no experience in running a rugby league club.
With this is mind, I would be amazed if their budgets were anywhere close to being accurate. We know for a fact that their income from ST sales was wrong as they were hoping for 10k to be sold. I can only presume our squad was established under the assumption that these levels of ST sales would be reached. Obviously that didn't happen and despite the great efforts made by Omar and co to secure some lucrative sponsorship deals, we inevitably had to fall back on investment from Omar - I suspect he has had to provide far more capital than he had expected when he bought the club.
So now we enter our second season with OK and his team in charge. Budgets will have been drawn up and I can only hope that they are more realistic this time. OK will have a much better idea of how much income the club will have coming in this time, from both STs and other sources. If the budgets Are more sensible, and yet we are still making new signings for 2014, then I am willing to put my faith in Omar and his team that they have got their sh*t together for next season and they are confident that they can operate successfully.
The alternative scenario is that they still have massively flawed budgets and have taken the risk to not reduce our wage bill by any significant amount, hoping that Bulls fans will but STs in their droves and everything will by hunky dorey. I am willing to gove Omar a bit more credit than to do something like that. At the end of the day he has made his millions by being a businessman, not by taking risks.
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