Nestegg should remove his mask, Batman style, to reveal Belcki.

Even though it's a school night we've had a few beers. Consequently we need a wee.

Dear Dr. F. With respect, can't you read. Belcki is part of our team. We've already said that in recent posts; she's been on board for a while.

We might not be 'Batmen', but we certainly ain't 'Robbing'.

Thanks

How do we join the nestegg collaborative? Is there a fee and do we get a badge?

The only condition is that a) you're not corrupt, and b) that you are not dumb enough to buy a Bulls 2020 season ticket in advance.

X

Nestegg can you reveal who you are??
I guess you know a lot about this issue

I'm in! Where do I get my membership card? Unless pretending to the food court in the Broadway Bradford that I work in the complex just to get a discount counts as corrupt. Then I'm kind of out...

Cheap shot there. Those who have already bought a ticket will likely have done it on a credit card (smart), be amongst the most loyal of fans and be really hurting at the moment. Everyone has a limit.

Fair point. Didn't mean to offend and apologies if we did. You are spot on re credit card payments, and the credit card processing companies will likely not release a substantial amount of funds to the club in the short term and stagger payments, in particular if they consider the club's current credit worthiness. There are also those fans who will have, or are, paying by debit card, or cash, of which there may be several; mind you as there is presently no club shop you can't use cash and have to book online, which may be a blessing in disguise. As you say if somebody wants a ticket then to pay by credit card is sensible. Mind you it may be more wise to wait a while and make sure that we will in fact have a team, or a club, at Xmas, or next season.

We have no doubt regarding Bulls fans loyalty and the hurt you/we feel. We deserve one hell of a lot better, as do the players and staff.

We hope there will be a positive way forward, but that may not be the one that's been tabled to date.

It says AC is 'Selling' his shares to the new consortium. Surely they can't be worth the paper they're printed on. What assets are there to sell apart from the brand and that's been completely tarnished. The club don't own anything apart from full time contracts that they can't afford to pay as far as I can see. As has been previously said, nobody is going to pay any money to take on somebody elses debt. Nobody was remotely interested last time until they knew they wouldn't have to pay the previous regimes debt after liquidation. Then, it seems, the RFL had to approach AC to take over.
There's the old saying that the definition of madness is doing the same thing over and over and excpecting a different outcome. Every single new owner since the first Admin has done exactly the same as the previous one and the results have been the same. The only difference this time is no Odsal millstone but, as the RFL have only given a 12 month approval, then this is only temporary. We must have the biggest income from people paying to watch than any club in the championship, apart from Toronto maybe, yet we're still skint. Sheffield probably received about a 10th of what we did from gate money yet still manage to stay solvent with a similar standard squad.It seems obvious to me that the only way of being sustainable in this league is with a part time squad unless you have an owner with deep pockets and an undying love for their club. Unless one of our supporters wins euromillions, then i don't see how any consortium can stop us from racking up more debts unless they cut costs to an absolute minimum and that means going part time like Widnes have had to.
The only club likely to be able to afford any full time players next year is London with their parachute payment and wealthy backer. It's not hard to see why Roger is so upset as Elliot gave up his day job to go full time this season and now he's likeley to have to find another club if he wants a full time future in the game.
We'll just have to see how it plays out but i"m not getting my hopes up.

When they say “due diligence has been done”, that only means that the buyers know what AC has chosen to tell them.
When the other debts start to be uncovered, who will be responsible for funding these? The consortium, or the RFL who failed to identify them in the due diligence? Or back into administration?

Don't know. The RFL managed to saddle Chalmers with paying the player with the legal challenge if you believe him. Which is strange considering their claim was against oldco and the RFL

What sort of due diligence only involves asking a departing owner what debts you have.

One that involves the RFL!
How many more 5 (or 6) figure debts are yet to appear?

That’s not how credit card payments work.

From the clubs perspective, they’ll receive the funds in the same timescale as a debit card payment.

Not that I’d expect you to pay attention to facts. As long as you can pretend you’re in the know though, eh?

You can buy tickets from the Bulls Foundation offices at Odsal.

You clearly know the facts. Don't want to fall out with you over this, but have you ever worked for a card payment processor multinational service provider such as Stripe? They are big, but often well hidden successful businesses, who are usually not daft enough to swiftly hand over all of the online monies they receive c/o a client if there's a risk that the product that has been purchased by customers/ fans (e.g.. a season's worth of home sports games in 2020) may not materialise. What we can agree on surely, and sadly, is that the Bulls is a tarnished brand. Credit card payment processors are a business, and not a charity. In the event of another administration (god forbid) then they may have to pick up the tab for any season tix that cannot be honoured. Would you take that risk?

Excellent points Hopebull. We can help answer some of the open questions you pose, and seek to clarify a couple of aspects of your post which through no fault of your own we believe are inaccurate.

As far as we understand the club's present debts are huge, but have in all likelihood not been properly determined. It would be no surprise if winding up petitions for the club (which is still Bradford Bulls 2017 Limited) are being threatened or set into motion. Nobody would (or should) be crazy enough to directly, or even indirectly, take on a debt mountain unless they first knew how high the mountain was, or had a very good idea of how much money was owed.

You are in fact not correct in saying 'nobody was remotely interested' in taking the club over after Green's Bulls collapsed - very much the opposite. The administrator received (and recommended to the RFL) a credible and sustainable bid for the Bulls which would likely have paid most (if not all) of the club's debts and outstanding player/ staff wages at the time. It's just that the RFL rejected such an offer, because it would appear to have been more convenient to 'appoint' AC, for reasons explored elsewhere.

Re 'liquidation - whilst the press and even the BBC reported that it did, the club never went into 'liquidation' in early Jan 2017. It's all a bit convoluted, but the liquidation announcement on 3 Jan 2017 was (another) Bulls/RFL inaccurate statement which may well have been a convenient error at the time.

Reference to the Odsal 'milestone' is we believe a myth that is conveniently being portrayed time and time again. Maintenance costs are high yes, but that's principally the RFL's responsibility. Looking at the bigger picture the stadium, and its land footprint and strategic location, always has had (and still has) enormous potential and is a prized asset, that in the ideal world could also serve as a community asset.

As for the definition of madness, sadly it's likely having been a Bulls fan over the past 7-8 years or so.

We believe the truth re what's happened in relation to the Bulls over the past 7-8 years cannot be hidden for ever, and the facts will out. Keep watching this space.

Good related points re some of the above also made in recent posts by Scary and Pickles.
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Nestegg you have referred to “we” a few times. Can I ask who “we” are?

As well as this particular "We" I would also be interested who else is involved in this consortium?

Answered elsewhere mate. And 'we' are growing in numbers. Don't wish to be so 'cloak and dagger', but sadly have no choice.

You can, however, be assured that we are Bulls fans and want to see the club be on a firm footing and finally have a sustainable future, inc for great players such as Elliot. .

I work in commercial development, specialising in credit cards for one of the main high street banks.

Where you refer to a payments processor, presumably you are referring to the acquirers role within a card transaction. The acquirer usually has no right to withhold funds and the merchant will normally receive their funds within 2-3 working days.

The acquirer isn’t creating any additional risk for themselves by prompt settlement of transactions, given any section 75 claim would be issued against the customers bank. The transaction goes customer>merchant>acquirer>card processor>bank.

Stop pretending to be a group of well informed fans when you’re in fact a stirring sad bloke with too much time on his hands.