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| I seem to remember the Koukash bid for the club being quite low.
I'm not sure the same can be said when the club was liquidated though. The Thorne bid and the Irvine/Lamb bid both seemed genuine. I think David Thorne in particular went on record at the time to point the finger at the RFL for some strange decisions.
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| Quote ="Mr Dog"There's nothing like trying to change history to defend a point. From The Guardian March 2014:
Mandy Koukash had attended last Sunday's 66-18 home defeat by Huddersfield after confirming her interest but she tweeted on Tuesday: "I am hearing my bid will not be the winning one. As I understand, the RFL has nothing to do with the decision. It is based on the highest bid to pay the old debt."'"
I understand what you are meaning with the section you have highlighted. However, It is incorrect and as she says that is her understanding of the situation. It was also reported that the whilst the bid came from Mandy The RFL believed that the Dr would actually be behind the bid breaking their rules of owning 2 clubs. The Administrator IS duty bound to get the best deal possible for the creditors but it is ultimately down to the RFL to say whether the person will pass their tests to run a rugby club. We have had people with money come forward and been rejected in favour of someone that the RFL thought would be better. Had this been the case we would have stood back and said "Wow. You were right these are the best owners". Unfortunately it is the RFL's selections that have then gone t!ts up in fairly short order.
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| Quote ="Blotto"Did the RFL in buying out the Odsal lease misguidedly gone down the wrong paths thinking they were protecting their investment?
It looks like buyers who were outside their circle of influence were given a short shrift in favour of those who were.
One starts to wonder what Outsiders would have found out that would embarrass Sod Hall.
Also one wonders why scrambled egg who reckon they have a mole inside Sod Hall doesn't try harder to find and expose Sod Halls dealing regarding the the lease and the Bulls subsequent administrations.'"
It takes many (nest)eggs - and one hell of a lot of tiresome investigative work - to crack an RFL omelette.
Many journos are trying to guess what has happened over the past 8 years, and though many get some of the facts right, all of them have never truly connected the increasingly murky and (allegedly) corrupt dots.
The full story and the truth, and the correct facts (with evidence) will be coming out shortly and hopefully before Xmas.
Several forum members still understandably question us, our motives, and why we are using this (excellent) forum as a conduit to gradually transmit our updates and messages etc. However, those who we want to listen (aka 'the bad uns) are now hearing us loud and clear (e,g AC/ NW/ MS/ RR/ SH/ KM/ KE etc).
Honesty and integrity are two words that have been sadly lacking in our club and our sport for many, many years. Like it or lump it, we will continue to strive to do the right thing for the Bulls and our sport. But only time will tell whether or not we do in fact succeed.
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| Quote ="nestegg"
The full story and the truth, and the correct facts (with evidence) will be coming out shortly and hopefully before Xmas.
'"
Is there any connection with that time frame and the beginning of the pantomime season?
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| BREAKING: Billy Pearce to take over Bradford Bulls!!!!
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| Quote ="nestegg"It takes many (nest)eggs - and one hell of a lot of tiresome investigative work - to crack an RFL omelette.
Many journos are trying to guess what has happened over the past 8 years, and though many get some of the facts right, all of them have never truly connected the increasingly murky and (allegedly) corrupt dots.
The full story and the truth, and the correct facts (with evidence) will be coming out shortly and hopefully before Xmas.
Several forum members still understandably question us, our motives, and why we are using this (excellent) forum as a conduit to gradually transmit our updates and messages etc. However, those who we want to listen (aka 'the bad uns) are now hearing us loud and clear (e,g AC/ NW/ MS/ RR/ SH/ KM/ KE etc).
Honesty and integrity are two words that have been sadly lacking in our club and our sport for many, many years. Like it or lump it, we will continue to strive to do the right thing for the Bulls and our sport. But only time will tell whether or not we do in fact succeed.'"
You are acutely aware of the strong possibility of some questionable RFL influences. Enough I would have thought, to feel confident of achieving your objectives.But they remain unclear.Are you merely in a position to prevent the fall of the Bulls or are you the Messiah? You appear confident of your appraisal..but not so of a solution. Which negates the argument in a way.I feel that you are merely providing a commentary and not being a catalyst for the change of fortune we need. You are very welcome sir to PM me of your true intent.
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| Quote ="Scarey71"BREAKING: Billy Pearce to take over Bradford Bulls!!!!'"
Oh no he isn't.
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| Quote ="rugbyreddog"Oh no he isn't.'"
"Oh Yes he is!"
"He's behind you!" 
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| Quote ="Blotto""Oh Yes he is!"
"He's behind you!"
'"
Oh no he isn't.
But at least when Jack handed over his bovine he got a handful of beans.
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| Quote ="PHILISAN"You are acutely aware of the strong possibility of some questionable RFL influences. Enough I would have thought, to feel confident of achieving your objectives.But they remain unclear.Are you merely in a position to prevent the fall of the Bulls or are you the Messiah? You appear confident of your appraisal..but not so of a solution. Which negates the argument in a way.I feel that you are merely providing a commentary and not being a catalyst for the change of fortune we need. You are very welcome sir to PM me of your true intent.'"
More akin to the latter, BUT messiahs in RL are thin on the ground. The club has had far too many false dawns, and the current set up is allegedly as false as it can get !
As you will realise many so called Bulls fans on this sub-forum are just serial moaners and cynics, and may even find cause to complain if for example the Bulls were once again winning Grand Finals year after year and stuffing the likes of Wigan on a regular basis. Many members on here have also not attended an away fixture (or for some a home game) for many a year, and thus some may no longer view such members as still being fully bona fide fans. In addition, some members on here are mere voice pieces for the bad uns.
Anyhow, so be it. That's life on a forum and social media. We will PM you on a strictly pvt and conf'l basis probably later today. We are presently in PM contact with many supportive members.
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| Quote ="nestegg"As you will realise many so called Bulls fans on this sub-forum are just serial moaners and cynics,'"
That's a tad unfair and you know it.
If we hadn't been phuqqed up the 4r5e serially, we'd not be serial cynics.......We've seen this all before, "we know whats wrong", "we'll live within our means", "we'll be honest" ad infinitum.
So you could be Jesus Christ himself and only the most optimistic are going to take any more than passing notice.
So far you've told us what we already know so people are going to ask you if you are going to shyit or are you gonna get off the pot?
I think your expectations are too high.
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| Quote ="Scarey71"That doesn't explain Thorne though...
The administrators preferred bid wasn't going to be accepted because Chalmers and Lowe and already been told prior to Christmas the club was theirs, it would be a rocky road to get it going but it was theirs.
Also when Lamb was knocked back because he couldn't produce £1m over the weekend? Again the choice of the Administrator.
Koukash actually goaded the RFL on twitter saying 'I can have a million in a suitcase on your desk on Monday, can I buy the club?'
Every time the RFL has made it clear they are not parting with the lease so what is there to buy?
They will not part with the lease. Why? Especially now their stated aim has failed.'"
Thing I dont get about the Lamb rejection was Damian Irvine has been tweeting saying they had the proof of the million they wanted to see. I can not se why he would lie which then again begs the question why were they rejected? Putting out the lack of funds if it was there was obviously a quick get out.
As per the above saying about Mandy K, I agree Gary Pettit was wanting to accept Thornes bid and took it to the RFL. This must have been the best bid for creditors. Yet the RFL let the club be liquidated to form a new from scratch company. They by rejecting an offer willing to work with creditors let the debt die and then expect the brand to carry on and not be toxic?
I still by what I said Thrne was willing to keep the squad we had in place together. That squad with the likes of Chizzy, Moss Burr etc in my opinion would have got to super league that year at the expense of KR
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| Quote ="thepimp007"Thing I dont get about the Lamb rejection was Damian Irvine has been tweeting saying they had the proof of the million they wanted to see. I can not se why he would lie which then again begs the question why were they rejected? Putting out the lack of funds if it was there was obviously a quick get out.
As per the above saying about Mandy K, I agree Gary Pettit was wanting to accept Thornes bid and took it to the RFL. This must have been the best bid for creditors. Yet the RFL let the club be liquidated to form a new from scratch company. They by rejecting an offer willing to work with creditors let the debt die and then expect the brand to carry on and not be toxic?
I still by what I said Thrne was willing to keep the squad we had in place together. That squad with the likes of Chizzy, Moss Burr etc in my opinion would have got to super league that year at the expense of KR'"
The squad had the ability to challenge KR. But even if Thorne took over would still have had the 12 point deduction so wouldn't of made top 4.
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| Quote ="bulls2487"The squad had the ability to challenge KR. But even if Thorne took over would still have had the 12 point deduction so wouldn't of made top 4.'"
The 12 pt deduction could have been reduced to 6 if Thorne had paid a significant proportion of creditors back which he was willing to do. That should have seen us into top 4 then we'd have had a decent shot.
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| Quote ="mat"The 12 pt deduction could have been reduced to 6 if Thorne had paid a significant proportion of creditors back which he was willing to do. That should have seen us into top 4 then we'd have had a decent shot.'"
And don't forget that if Joynt had been penalised for the voluntary tackle we might have received winning prize money for the cup final and that might have made all the difference.
Damn you Chris Joynt.
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| Quote ="rugbyreddog"And don't forget that if Joynt had been penalised for the voluntary tackle we might have received winning prize money for the cup final and that might have made all the difference.
Damn you Chris Joynt.'"
Not sure we should be talking about that so soon afterwards. It's still pretty raw. Or perhaps we should have a separate topic on it?
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| Quote ="bulls2487"The squad had the ability to challenge KR. But even if Thorne took over would still have had the 12 point deduction so wouldn't of made top 4.'"
So how many poits did we get deducted by goinginto admin in SL when bought out of admin? I am oetty sure it would have been similar had we not liquidated.
That squad would have made top im sure with a 6 point deduction
Bit of a naive comment really
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| Quote ="mat"The 12 pt deduction could have been reduced to 6 if Thorne had paid a significant proportion of creditors back which he was willing to do. That should have seen us into top 4 then we'd have had a decent shot.'"
Sorry mate rpelied before eading your reply
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| Quote ="thepimp007"So how many poits did we get deducted by goinginto admin in SL when bought out of admin? I am oetty sure it would have been similar had we not liquidated.
That squad would have made top im sure with a 6 point deduction
Bit of a naive comment really'"
6 but the rules were changed, its 12 points unless you pay off all creditors so unless Thorne was going to pay 2million+ we would of started on minus 12. Not really naive maybe you need to do a bit of research.
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| Quote ="thepimp007"So how many poits did we get deducted by goinginto admin in SL when bought out of admin? I am oetty sure it would have been similar had we not liquidated.
That squad would have made top im sure with a 6 point deduction
Bit of a naive comment really'"
If a Club does incur an Insolvency Event, then the Board of the Rugby Football League has the right to terminate that Club’s Membership of the Rugby Football League and grant Membership to another entity on such terms as it sees fit. The Board’s Insolvency Policy sets out how it will usually exercise its discretion and states that one of the conditions imposed on any new Member will, save in specified cases, be a sporting sanction of a 12-point deduction. This sends a clear message to Clubs of the unacceptability of Insolvency Events.
Exact wording from RFL website.
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| Quote ="nestegg"Hi Martin.
Forget arguments about planets mate. This is a serious matter.
Cash generation - concessions, cash receipts at turnstiles (inc away fans), door to door Big One collections, shop sales, cash season ticket sales etc etc - can easily add up to far > £400K per season. Where did it all go?
Creditors due over 1 year include YW, HE, ISC etc ..... and that's only 3, and we understand they total over £200K. Unless you have prove to the contrary we have no reason to believe that (other than a loan given by the RFL of a few hundred K) that nobody put money into BB17 and Chalmers had zilch equity to put in, and we are not aware of any director loans. We may be wrong, but we very much doubt it. We may not be accountants like your goodself, but we can at least agree that it smells ... and it smells fishy.
We are happy to receive further abuse (we're used it by now lol), but it would be interesting to dig a bit deeper - your day to day accounting knowledge is appreciated MW.
If BB17 is still in existence come the first Championship game of next season we will gladly eat our collective hats.'"
Creditors due over one year after the BALANCE SHEET DATE. If YW HE ISC are in there, then they are not F***ING due for lets see. 31st January 2019 plus a year....???...???...
ah, 31st January 2020. November, December, January. A [uminimum[/u of three months before due.
Yes, I agree that there is scope for cash to disappear, but £400k seems excessive given the monitoring by the RFL:
Clubs must notify the Rugby Football League of any event that has a material impact on its Budget and must demonstrate performance against budget in half year and full year returns. If a Club is not achieving its budget during a Season the Rugby Football League has the right to impose a signing embargo.
Year one AC was putting money in. Year two he was putting money in. so year three he takes £400k in cash out? whatever we both think of the RFL, the monitoring puts pressure on declaration of all receipts, to stay on budget, because costs are easy to add but income so difficult, just read this forum on who wants to be a fan. You can do the cash thing around the fringes if there is no scrutiny but no, £400k in a year is a urine extraction.
Most receipts will be direct BACS (RFL distribution, Chalmers/his backer, sponsors etc), BACS from whichever card acquirer used, cheques, and only then cash. OK I have only worked in manufacturing wholesale and just recently pure retail, never for a sports club, but I do not believe that Sports is that significantly different to the extent of £400k in cash missing in a year. Chalmers would need a 40 footer to lug that amount away.
Please, learn a bit about business, let alone accounts, and I will start taking you seriously, if there is s**t there it needs to come out, but you are camouflaging any such possibility with your blanket .
Just a thought, but is someone setting you up with all this junk?
After the first insolvency I did an analysis, of the bulls accounts of course but more importantly of the dynamics of the socio-economic environment in Bradford that affected the Bulls. I concluded they were all working against the club to produce fewer fans. Ok maybe you would hit a bit of a good patch club wise, but it would never get near the golden days. therefore without a sugar daddy we would never get anywhere near that success. My opinion remains the same, bolstered by the facts: three owners, £3.7m paid into the business by them, and here we are. What amazes me is that nobody including you has learnt anything from that history.
If you do have a consortium behind you, my recommendation is to set up a club called Bradford Rabbulls or similar, with a serious emphasis on developing local young players, and work your way up from whatever division you start in. Then when the next Bulls insolvency event occurs, you will be there in place to seize the opportunity.
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| btw nestegg, Yes I am an accountant, but not a bean counter by choice, rather an management accountant with an MBA in business strategy backed up by growing businesses and shrinking them through several cycles of growth and recession, and I have set up and run my own business - no not a consultancy business, but importing manufacturing and selling interactive fitness equipment targeted at getting obese children exercising. so I have theory and practice in abundance, held the reins as owner and MD and FC, and I can tell you, there are shades of grey, not black and white with nothing in the middle.
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| Quote ="rugbyreddog"Oh no he isn't.
But at least when Jack handed over his bovine he got a handful of beans.'"
It's a shame that Dame FA is no longer treading the boards with this particular pantomime, his off the cuff asides will be missed by many.
Anyone know Billy Pearce? and can get him on this Forum?
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| Quote ="Blotto"It's a shame that Dame FA is no longer treading the boards with this particular pantomime, his off the cuff asides will be missed by many.
Anyone know Billy Pearce? and can get him on this Forum?'"
I for one miss reading FA’s contribution’s.
When such a loyal fan like him gives up the ghost I fear the end is nigh. The club will limp on but not as we know it.
I believe gates of circa 1000 will be the norm. The club has lost its identity and cannot even attract a full time owner/custodian.
How on earth can the club retain its name, playing out of the city with an owner of another club over seeing its decline! As for Nigel Wood?
He has other interests and why wouldn’t he. That’s his income stream and his focus.
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