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| As a Salford fan who came along with his 8 year old son to Odsal two days ago, I wish you all the best for the future.
Hope you can get something sorted out. I'd hate to have to explain to my son how such a good/big club is no longer playing The Greatest Game anymore...
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| Really sorry to hear this and I genuinely feel for all the Bradford fans. You are part of a big club truly established within English RL.
From our experiences I offer my humble opinion:-
1. Don't pledge money to the existing board. They have continued to fail to deliver and the club is in a major mess. Pledging money to the current board would just be a stay of execution.
2. Swallow some pride and write off this season.
3. Go into administration and hope for a quick turnaround. Investors have been sniffing around your club in the past and some if not all will reappear.
4. With a clean balance sheet and reformed club it is easier to develop revenue streams with lower costs.
5. By next season or the year after you could be totally reformed with a stronger squad, plus new found faith from fans in a board/owner they can trust.
Admittedly it is very painful in the short term but long term it creates a brighter future.
Whilst the RFL will deduct points for administration, if you can write off the season in your mind it will be easier to take. Think ahead to next season. With 2 further years prior to the new franchise there is more opportunity for new owners to prove themselves.
Shares in a shareholders trust can give a shout but should, I think, only be pursued if you can get rid of the current board. Buying shares in the existing set up is just delaying what looks inevitable and you are likely to lose all your money.
I genuinely wish you well and know that the next few weeks will be very painful. Bradford are a great club and will rise again in some form or other.
Yours in RL, always.
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| Just got my letter asking for my pledge, nothing different really in it other than what's already been said, it does have the directors personal telephone numbers on their though. It reaffirms that if they get to the 1 million mark then we're debt free, it does however feel very much like marketing and heavily plays on the guilt factor that we owe it to our children, grand children etc
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| There are letters? So they've had time to plan and prepare a mailshot? I know that's pretty easy to do but that gives me even less faith that these people don't have something to hide.
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| Quote ="Northern Lad"Just got my letter asking for my pledge, nothing different really in it other than what's already been said, it does have the directors personal telephone numbers on their though. It reaffirms that if they get to the 1 million mark then we're debt free, it does however feel very much like marketing and heavily plays on the guilt factor that we owe it to our children, grand children etc'"
Give them a ring now then and ask where the f all the money has gone.
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| Forgive me, but I have not read the whole thread but wanted to post my thoughts here as well as previously on the WT board & the VT.
I think prominent Bulls posters and fans should strongly consider the option of urging fans NOT to support this measure and not give up some of their hard earned cash for the longer term good of the club.
Through my support of Newmarket & my friendships with Sandal, TRB and others prominent fans of Trinity, I accidental (for want of a better word) got a neutrals ring-side seat of the issues at Trinity and both what the fans and old management went through in trying to secure the future of the club, but also the future of the then current owners/management! I am not going to get into the whole Ted Richardson debate, as my personal dealings with Ted have always been friendly, open, honest and amicable, but it became clear to these closely involved fans that sticking your hand in your pocket might not be the best way to secure the long term future of the club because the management of that club are effectively responsible for the club being in that position in the first place (again, with all due respect to Ted). These Trinity fans in the main decided that the time had come to, unfortunately and regrettably that said, not to bail out the current management but to seek a fresh start even though in the short term that was going to be very painful and possibly even condemning themselves to lower league RL... but with a fresh start and fresh management!
I think anyone would now struggle to argue that that was not the correct decision. The club has a fresh, dynamic owner, no debt, a bright future and is most importantly being managed sustainably!
I think Bulls fans should keep their hands in their pockets with their money and prepare to take the club forward with a fresh future, even possibly outside of SL, than see your money almost certainly disappear down the drain with the existing management of the club!
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| Quote ="vbfg"There are letters? So they've had time to plan and prepare a mailshot? I know that's pretty easy to do but that gives me even less faith that these people don't have something to hide.'"
Yes. Indeed. When did they get the posting ready? And how much has it cost?
I'm getting more and more p!$$ed off now.
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| Blinking back tears, feel sick to the stomach.
We've been lied to by a devious man who I had started to build more faith in. What has happened to our once great club. I'm a student so I don't have much money but whatever I can get together will be put into the club. I have no faith in Mr Hood anymore, but I don't see any other option than to pledge at the minute. If another option comes available, great.
I'll be paying into the Leeds game.
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| Really hope you come out of this as unscathed as possible, SL would be poorer without you. As undesirable as it is I can only see a few player sales happening to help raise money quickly enough, don't think you'll get there on donations alone and a takeover would more than likely take too long to do properly. It a shame RL players are not really paid enough for a voluntary wage cut to be an option as happened with Rangers.
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| Quote ="kinleycat"The previous sponsors engage paid either £1m or £2M for their deal, at the highest level that would equate to £142,857 per club per year, how has this pushed them over the edge? considering the £1M from the RFL and the additional £1M they now received, all inside 3 or 4 months.
Small potatoes!'"
Cash flow , and that bit may have persuaded the banks to leave the overdraft alone, I know its small potatoes but every little helps, as you should know with wakeys history (not a dig).
The real panto villain in all this is Richard Lewis imo
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| if only there was a business man from bradford with a decent chunk of money. Hopefully that person may consider showing up some of the directors associated with the club, especially any directors who they dont get on with
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| Quote ="Inflatable_Armadillo"Forgive me, but I have not read the whole thread but wanted to post my thoughts here as well as previously on the WT board & the VT.
I think prominent Bulls posters and fans should strongly consider the option of urging fans NOT to support this measure and not give up some of their hard earned cash for the longer term good of the club.
Through my support of Newmarket & my friendships with Sandal, TRB and others prominent fans of Trinity, I accidental (for want of a better word) got a neutrals ring-side seat of the issues at Trinity and both what the fans and old management went through in trying to secure the future of the club, but also the future of the then current owners/management! I am not going to get into the whole Ted Richardson debate, as my personal dealings with Ted have always been friendly, open, honest and amicable, but it became clear to these closely involved fans that sticking your hand in your pocket might not be the best way to secure the long term future of the club because the management of that club are effectively responsible for the club being in that position in the first place (again, with all due respect to Ted). These Trinity fans in the main decided that the time had come to, unfortunately and regrettably that said, not to bail out the current management but to seek a fresh start even though in the short term that was going to be very painful and possibly even condemning themselves to lower league RL... but with a fresh start and fresh management!
I think anyone would now struggle to argue that that was not the correct decision. The club has a fresh, dynamic owner, no debt, a bright future and is most importantly being managed sustainably!
I think Bulls fans should keep their hands in their pockets with their money and prepare to take the club forward with a fresh future, even possibly outside of SL, than see your money almost certainly disappear down the drain with the existing management of the club!'"
This is different. This is only a PLEDGE. If we don't meet the total, nobody pays anything and the club dies.
Why some people are even hesitating on pledging is beyond me. If you want a new board, fine. But sort out all that mess once we reach the total and the club is secure if only for the short term.
Now is not the time to be demanding resignation letters because if we don't act NOW then there will nothing left to resign FROM.
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| like most other people I need more information before I'll consider giving any of my money to Peter Hood and co.
Where is the money going that we raise?
where are we getting the other 500k if we do raise that much?
and what assurances are they that this wont happen again?
I'd be willing to donate something to save my club but i need answers im afraid.
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| Quote ="Nothus"This is different. This is only a PLEDGE. If we don't meet the total, nobody pays anything and the club dies.
Why some people are even hesitating on pledging is beyond me. If you want a new board, fine. But sort out all that mess once we reach the total and the club is secure if only for the short term.
Now is not the time to be demanding resignation letters because if we don't act NOW then there will nothing left to resign FROM.'"
Christ dont encourage the attention seeker, he will be down your way organising petitions and entertaining anyone daft enough to listen, all with a little stiffy cos he feels loved again
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| Quote ="Ewwenorfolk"Blinking back tears, feel sick to the stomach.
We've been lied to by a devious man who I had started to build more faith in. What has happened to our once great club. I'm a student so I don't have much money but whatever I can get together will be put into the club. I have no faith in Mr Hood anymore, but I don't see any other option than to pledge at the minute. If another option comes available, great.
I'll be paying into the Leeds game.'"
Couldn't agree more, surely not pledging and accepting administration is not a viable!
I can't begin to imagine having a whole sale of our young talent! We must come together and do everything we can to prevent this!
I'm a student and managed to make the pledge, I value our beloved club a hell of alot more than £100!
I spoke to Andrew on the phone (I think) and he said the response has been overwhelming, and he is VERY confident we will do it! He also said we are even recieving support from Leeds supporters, so come on bulls fans, stand by our club!
Don't know about you but this talk of the Bradford Leeds game being the last one makes me sick to my stomach!
We can achieve this!!!
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| Quote ="Ewwenorfolk"Blinking back tears, feel sick to the stomach.
We've been lied to by a devious man who I had started to build more faith in. What has happened to our once great club. I'm a student so I don't have much money but whatever I can get together will be put into the club. I have no faith in Mr Hood anymore, but I don't see any other option than to pledge at the minute. If another option comes available, great.
I'll be paying into the Leeds game.'"
The other option is what the Trinity fans did, keep your money and let the club go into administration. You will finish bottom of SL this year and may even end up outside SL but you will probably still have a club to support! I think you keep your money in your pocket, as I am fairly certain someone will come along, like Andrew Glover did, and take the club into a new era longer term.
As an important aside, when Ted Richardson put forward similar plans to the Trinity fans the one thing he did do was say that all money raised would be put into ESCROW until a figure was reached. If the current Bulls BOD are not making a similar offer then most certainly don't give them a penny! If they do put the money in ESCROW until say the £500,000 figure is reached, then if you really do want to give the club your money then they can only ever have it if they reach a rescue figure. If not, you can get your money back!
So, are they putting the money in ESCROW?
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| I'm in the same boat as a few other people here. I want to pledge but don't feel able to without more info from the club. Even now, with people talking about receiving mailshots hours after the post of the website I'm left feeling like the club isn't being truthful with me and I have no idea where my money would go or how long it would be until they came asking for more.
I want to believe that the people running the club are being honest with me but...... I don't think I do
I think I'll wait to see what comes of the Bullbuilder meeting. Hopefully by then more information will be in the public arena and I'll be able to decided between pledging to the club, pledging to Bullbuilder/some other supports trust organisation, readying myself for watching lower league rugby
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| Different situation to wakey. They had potential buyers waiting in the wings and had one clear majority shareholder who could be bought out. We have a mass of smaller shareholders who would all need to be negotiated with separately.
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| Quote ="Nothus"
Why some people are even hesitating on pledging is beyond me. If you want a new board, fine. But sort out all that mess once we reach the total and the club is secure if only for the short term.
'"
Because they have not been given enough information? Because they feel lied to? Because they might feel that the £100 is the tip of the iceburg?
Where is the other £500,000 coming from even if we raise £500,000? That's one of the many, many things that concerns me right now.
But for the record - I have pledged, only because the thought of no more Bulls does not bear thinking about, and at the moment there is no alternative. But I fear the end is nigh, unless someone steps in to save us, it's too much money in too short a time. And few are going to be inclined to give it to the Hoodwinker now.
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| They won't be taking any money unless the figure is reached.
If we go down the administration option we potentially lose all the hard work thats gone into bringing through Whitehead, Bateman, Crookes, Burgess and even Langers, Koppy etc.
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| Quote ="Nothus"This is different. This is only a PLEDGE. If we don't meet the total, nobody pays anything and the club dies.
Why some people are even hesitating on pledging is beyond me. If you want a new board, fine. But sort out all that mess once we reach the total and the club is secure if only for the short term.
Now is not the time to be demanding resignation letters because if we don't act NOW then there will nothing left to resign FROM.'"
If you do want to give them money then the fans should then be clearly telling the club that they should set up an ESCROW account, administered by the clubs solicitors so you can give them actually money towards the set target. If the target figure is not reached your money will come back to you. Simple!
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| Quote ="Nothus"This is different. This is only a PLEDGE. If we don't meet the total, nobody pays anything and the club dies.
Why some people are even hesitating on pledging is beyond me. If you want a new board, fine. But sort out all that mess once we reach the total and the club is secure if only for the short term.
Now is not the time to be demanding resignation letters because if we don't act NOW then there will nothing left to resign FROM.'"
I don't think I would agree with that. As far as I understand (and if I'm wrong I will back quietly away from this post) the club is currently a private business, owned by a group of shareholders? So, having mis-managed the finances and screwed the whole thing up, if they are successful in getting enough pledges to stay afloat, the shareholders pocket the cash and are left with the (apparently now viable) business. With their asset secured, at your expense, they then get back on with the serious business of getting you to pay to use said asset.
If you bail the company out, you won't get a new board, so it has to be one or the other.
I am a big fan of the way RL fans come together in times of difficulty, and I would donate to a collection of some sort to keep Bradford afloat, but only if it was done in a way that involved the club either being under new management, or handing over some equity and executive power to a group representing the fans. I would help the fans gain the finance to do that, but I wouldn't be donating any of my money to secure the position of private businessmen and bail them out from their poor decisions.
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| Quote ="Ewwenorfolk"They won't be taking any money unless the figure is reached.
'"
I know this and at the end of the day I probably will end up pledging because I have to but I need to know what this money is for. You still have to pay up if they reach the total.
What's the plan Hood? I haven't got £100 to pay up at Easter just to see the club go under in six month's time. At the end of the day I still need to pay the bills!
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| gutted isnt the word! cant believe our great club has come to this begging the fans!
im all for whip rounds and the like but we need a million quid how the hell are we gonna raise that much?
then for a second i thought maybe ken morrison might step forward but then i remembered he couldnt give a toss about the people of bradford!
im supposed to be working but i cant think straight. knocked for 6 with this news today
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