If the debt that was paid off was owed to the RFL, then effectively the club handed over the lease to pay off the debt to the RFL.

If the club does become insolvent it's entirely possible that an administrator or liquidator might challenge that transaction.

Who knows what happened though?

This is very murky and I do hope people aren't throwing good money after bad.

Really the board should announce they will resign at the end of next month and invite new people to come forward to be appointed as directors to take the club forward, in order to restore confidence.

I'm reluctant at the moment to pledge any cash to the Bulls. Sorry, but it feels wrong (not just risky) without more information and action from the board.

You all have my sympathy. As a Wigan fan I will never get over losing Central Park as a result of mismanagement of our club.

I really do hope nothing as grim as that is coming your way. I've never had a problem with Bradford fans or at your ground (in marked contrast to your "Big City" neighbours and the Hull clubs, for example) and it is appalling that a club with your history and status has been reduced to this.

No-one seems to be waiting in the wings anxious to join the board and put some money in though. My understanding is that Hood has always maintained he would stand down as soon as a suitable candidate did.

We are being told, sort of, that there is a least one such candidate now sitting out there, who may be persuaded to come on board if the pledge succeeds.

We'll see.

Must admit I've been sceptical about the "Odsal costs a fortune" line since Caisley claimed at a fans forum (circa 2000) that the safety certificate would be withdrawn unless £10m was spent immediately, including £2m on a new roof for the main stand.

Its not as if the terraces are crumbling or there's ever any signs of major maintenance/refurbishment projects taking place. Apart from once when the club claimed to have spent £35k repairing a burst main its never been clear what expensive and tricky repairs have been necessary.

Just spoken to my dad. Him, my brother and mother go to a pub quiz every week where after the quiz they do a Play Your Cards Right game. Its been rolling over for weeks and this week of all weeks my brothers ticket got drawn to play and he won it! £500! They've decided to pledge most of it as it was money they didn't have in the first place.

Was pretty proud of them for that.

Come on you bulls!

What the hell has happened here, in laymans terms? Why are we so short of money, i just dont understand. It's so sad.

Trying to get hold of brian kennedy as his bid for ranger fc will not go ahead he would be a decent owner me thinks sale have done reasonably well with his ownership

Well, I've made my pledge now! I was very much in the "have little confidence in the BoD and so why should I help to perpetuate the current board" camp. I then saw the [url=http://viewtopic.php?f=19&t=523361Why is Bradford Bulls worth saving[/url thread and thought about the question when I was adding a reply to the thread.

In the end, for me, it was a no brainer. What they have done for Little Miss Cookie over the last few weeks has been priceless at a difficult time in her life, so not to pledge would seem like a betrayal.

Hello



From [irecollection[/i it wasn't anywhere near that amount (£7m). I seem to remember a commitment to decorate and not much more.

Sad situation for the supporters this. The board however need shooting ... and shouldn't be let anywhere near anymore of your hard earned money.

I thought they said our contrbution to the development was in the land and not the cash

Something along the lines of - the land was worth £7m for development purposes (back then), but as the holder of the lease we had final say of what development goes on - therefore the lease is worth??


£1.2m if reports are correct.

Until recently I worked with a bloke who also worked for the RFU. He told me a story that Kennedy flew his helicopter down to some tournament to watch his son play. BK asked for permission to land his huge chopper on the fields; they said yes, for a donation. He gave them a tenner.

[url=http://www.thetelegraphandargus.co.uk/sport/sportbulls/9622132.Caisley_is_backing_Bradford_Bulls__survival_battle/Caisley is helping out[/url

Looking for investors & things..
So that's good.

That is also my recollection.

Not sure if its been suggested elsewhere but yesterday it was suggested on twitter that the club re releases 'run with the bulls' with itunes it could be an easy way of generating money from the club

Probably a next phase but still could help depending on how the royalties are divvy'd up

Hello BM, long time no hear!

I think the value of the lease depends on which lease we are talking about, though whichever lease, it would remain separate to any intrinsic value the land would have as part of any development.

I think under the 'old' lease from the 19whatevers, the council had an obligation to keep the ground up to standard; ie. well beyond a splash of paint here and there. This changed though after the superdome fiasco. At the time the Bulls left VP and returned to Odsal, the lease was re-negotiated and under the new (last but one) lease the club received monies from the council but took on all responsibility for upkeep.

This was perceived by many as a 'council giveaway', but turned out to be shrewd move by the council (for once) and a bit of a poisoned chalice for the Bulls. This turned out to be the capital which largely fuelled the run of success, but much as all of us cheered every victory, it seems the 'windfall' was being squandered by the then board who made little, if any, provision for the future.

We have been in austerity mode since 2005ish, and whatever anyone has said about the current lot, I don't think they were the actual architects of this mess and they have been, in effect fire fighting, or fighting off financial chickens coming home to roost, since they took over. Clearly they haven't been all that successful at it. And now we are here - wish we weren't, but we are.

It was a strange one was that. The club never really used it after an initial splash, I did wonder if there had been some copyright issues at the time to account for its sudden disappearance.

I'm sure I read that only about 3p goes to the artist from every sale on itunes of a single.

Don't think there'd be enough interest for it to make a difference.

I noticed that Sale RUFC owner Brian Kennedy has had his bid to take over Glasgow Rangers turned down. Now that he has unexpected cash on his hands, I just wonder whether he might be interested in becoming the North's "Mr Rugby" by owning a league club too.....

mmmm didnt i post something like this on a previous page

In theory it would a good deal if he wanted it he is worth £3250 million he could easy build us a new stadium but as sale havent had one and still play at edgeley park

I emailed sale the other day to try and see if the message goes to him if he would be interested

not sure having a investor who also owns a union club is best idea although its a case of needs must I guess. Their was an article the other week about Sale moving into salford stadium and it mentioned that Salford might be training at Sales training ground. Comment from Sale coach was along line of it being good being able to see the salford academy lads training with a view to poaching them. story was pretty hastily edited to remove that paragraph iirc.

Pretty sure this is happening, I have a mate who runs his business out of the offices at Sale's Heywood Road and he's mentioned Salford's academy having been down there

Oh well. Better twice than none at all.

I hear Brian Kennedy has some spare cash. Has anyone thought of contacting him?