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| Aye true but I though the offer were just before we went into admin (at the point where everyone knew it was inevitable). And well he wanted to stay until they died or get back on their feet. He didn't want to leave a sinking ship especially if that ship is repairable and called Bradford.
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| Quote ="Bulls Boy 2011"Hull, Hudds and Warrington have made offers
We have turned them down or delayed to see what our future holds
A well documented £300,000 bid went in for Bateman but we refused to sign it there and then (which was a massive risk as we could have gone into liquidation a week later).'"
The ethical question is when money is owed, should you be able to say no?
How happy would you be if you were a creditor hearing such news?
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| Quote ="mat"the problem is the only assets the club has are the players. The offers received have been ridiculously low, think 5-10k level. that sort of money doesnt make much of an impression on the level of debt so administrator has taken the view that the players have a higher value as part of a sale of the club as a going concern. Just because the wakefield administrator took a differnet view and sold players for peanuts doesnt mean that it is the only way to handle a administration.
The 300k offer for bateman was before we went into administration. It will have dropped dramatically once we were in admin, plus bateman allegedly refused to agree personal terms with any club other than bradford making him worthless as a saleable asset.'"
If I remember correctly Wakefield were made to sell two or three players for about £10k each.
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| To be honest id rather keep them if there is a chance of getting on our feet and risking it instead of selling players for 5-10K like you guys did. I understand why Wakey did it but Bradford are taking a different view. Yes we have a right to turn down money if we don't want to accept the offer.
In the eyes of a creditor I wouldn't care if there was bids for the club willing to pay the debts off. Why get £10,000 when all the debt owed to you could be paid off by Khan/Sutcliffe or BPA ?
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| Quote ="kinleycat"The ethical question is when money is owed, should you be able to say no?
How happy would you be if you were a creditor hearing such news?'"
Depends entirely on how much the creditor ends up getting paid in the end doesnt it?. If admin sells of assets piecemeal for a lot less than there worth the creditors could get less than if club is sold as a going concern. Until this is resolved and we know how much of debt is repaid then its impossible to say.
But given level of offers being received entire playing squad wouldnt have realised much more than 250k sold piecemeal and then club itself would have sold for peanuts. Sold as a going concern its potentially going to bring a much larger sum for the creditors.
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| Quote ="kinleycat"If I remember correctly Wakefield were made to sell two or three players for about £10k each.'"
Wakefield weren't made to do that. Your Administrator chose to do that to keep club going in off season. Did he TRY asking RFL for an advance on TV money,before selling player, like ours did?.
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| Quote ="kinleycat"A few clubs have been sniffing, afaik we have had an offer turned down for one player and dealings to make the Sykes loan deal permanent have been made difficult.
Reading various things in the RL media and what with SL being fairly dog eat dog, I would be amazed if the likes of Hull, Hudds and Warrington haven't made offers.
Has the administrator made any effort to raise any funds for creditors?
I appreciate he has cut back the wage bill by losing back office and coaching staff wages but has he actually realised any assets yet?'"
If clubs had been making genuine offers for Bulls players, which have been turned down by the Administrator, don't you think we would have heard about it? Why haven't there been any complaints in the media from the clubs involved?
Isn't it possible that those clubs have not made offers because they expect the players to become available as free agents?
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| Quote ="mat"Wakefield weren't made to do that. Your Administrator chose to do that to keep club going in off season. Did he TRY asking RFL for an advance on TV money,before selling player, like ours did?.'"
Thats actually incorrect obst and ferguson were sold after the season started.
If i remember rightly they were sold within the first few weeks of the season.
So if that were the case how were they sold to keep the club going in the off season?
........you clearly dont know what your talking about.
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| Quote ="Quel Suprise!"c015.gif
Thats actually incorrect obst and ferguson were sold after the season started.
If i remember rightly they were sold within the first few weeks of the season.
So if that were the case how were they sold to keep the club going in the off season?
........you clearly dont know what your talking about.'"
The point is nobody made the administrator sell the players or forced the players to leave. The players couldn't get out quick enough as it was a fait accompli that the Wakefield club would not recieve a new license. There's a number of reasons for this ranging from lack of contribution to the comp over many years to having relatively few supporters. Perhaps you're beginning to see how the circumstances of the Bradford club are totally different from those of the Wakefield club and how, therefore, comparisons are erroneous.
Just for further context how many hundred thousand pounds did the Wakefield fans raise when the then Chairman launched an appeal for funds?
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| Quote ="M@islebugs"The point is nobody made the administrator sell the players or forced the players to leave. The players couldn't get out quick enough as it was a fait accompli that the Wakefield club would not recieve a new license. There's a number of reasons for this ranging from lack of contribution to the comp over many years to having relatively few supporters. Perhaps you're beginning to see how the circumstances of the Bradford club are totally different from those of the Wakefield club and how, therefore, comparisons are erroneous.
Just for further context how many hundred thousand pounds did the Wakefield fans raise when the then Chairman launched an appeal for funds?'"
Simply correcting your good friend.
Dont be so defensive
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| Quote ="M@islebugs"
Just for further context how many hundred thousand pounds did the Wakefield fans raise when the then Chairman launched an appeal for funds?'"
Sod all...because we weren't stupid enough to give more money to the fools that had put us in that mess in the first place!
All you have done is ensure that the previous directors walked away scott free and dragged the whole, sorry affair out.
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| I think maybe rightly or wrongly that of the £500k the club would have folded a lnog time ago and we wouldn't have seen the gutsy performances or the spirit like we have over the past few weeks.
If we still fold at the end of the season least we will go with a bang and not a wimper like crusaders did, I would rather go out in a blaze of glory and take pride that we had a great run and did everything we could to make this season happen.
We have seen some great performances along the way and forever let it be remembered that through all the adversity and negativity from others this was their finest hour.
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| Quote ="broadybull87"I think maybe rightly or wrongly that of the £500k the club would have folded a lnog time ago and we wouldn't have seen the gutsy performances or the spirit like we have over the past few weeks.
If we still fold at the end of the season least we will go with a bang and not a wimper like crusaders did, I would rather go out in a blaze of glory and take pride that we had a great run and did everything we could to make this season happen.
We have seen some great performances along the way and forever let it be remembered that through all the adversity and negativity from others this was their finest hour.'"
Like it or not your team, YES YOUR TEAM has made a mockery once again of a once proud sport.
I shudder with embarrassment at how our game is run I truly do, IMO there should be no ifs or bits it should be when!
What the RFL are doing is saying to every other club that has financial difficulties....do as you please, we don't care.
It's a shame, a massive shame.
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| Yeah, real gutsy to get to the top 8, with a squad that bankrupted your club and have allowed to retain, because someone else is paying for it.
True heroes. Not.
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| Quote ="dboy"Yeah, real gutsy to get to the top 8, with a squad that bankrupted your club and have allowed to retain, because someone else is paying for it.
True heroes. Not.'"
That's the first time I've seen anyone suggest our squad is to blame for our financial nightmare.
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| Quote ="Pumpetypump"icon_lol.gif That's the first time I've seen anyone suggest our squad is to blame for our financial nightmare.'"
So, if your income was sufficient to support your outgoings, including a full cap squad...where did all the money go?
Either earn more, or spend less.k
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| It all went on beer.
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| Quote ="dboy".where did all the money go?
Either earn more, or spend less.k'"
Is that what happened at Wakey? or was there other places the cash went
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| Quote ="bobsmyuncle"Is that what happened at Wakey? or was there other places the cash went
'"
Really couldn't say, but it seemed the whole Richardson family was employed at BV in some way.
Your whistle suggests you have something to add on that???
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| Finest hour?
Anyone associated with the Bulls management should hang their heads in shame at what they have done to the club, as should those at the RFL who have allowed this sorry and embarrassing soap opera to continue.
To punish you with a points deduction, but then pay your wage bill, to allow you to keep an overpaid and therefore unfairly competetive squad, which you couldn't and still can't afford, makes a mockery of the game, licencing and the competition.
"Well done Bulls", my !
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| I notice the coaching team is not being paid. Come on RFL play fair......
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| Quote ="DemonUK"I notice the coaching team is not being paid. Come on RFL play fair......'"
Fair play would have required the trimming of the squad to a level that the coaches etc could still be paid out the RFL advance money.
I have a suspicion/hope, that when the RFL stated that a newco would need to take on historic debt to have a chance of retaining the SL licence, that they included the back-payments to Potter et al.
Time will tell.
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| Quote ="dboy"
To punish you with a points deduction, but then pay your wage bill, to allow you to keep an overpaid and therefore unfairly competetive squad, which you couldn't and still can't afford, makes a mockery of the game, licencing and the competition.!'"
Haven't the RFL merely advanced us our share of SKY money in order that we pay wages? What do you mean when you say the squad are overpaid? And finally, you can't seriously believe that the players wages are the single drain on finances can you?
I'm a little confused as to why none of our big-hitters have blown your rather strange posts out of the water. Perhaps they've put you on the foe list.
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| Quote ="dboy"Fair play would have required the trimming of the squad to a level that the coaches etc could still be paid out the RFL advance money.
I have a suspicion/hope, that when the RFL stated that a newco would need to take on historic debt to have a chance of retaining the SL licence, that they included the back-payments to Potter et al.
Time will tell.'"
How would you have trimmed the squad considering the only players with any sell on value have refused to leave? The only other option considering the RFL need Bradford to fulfil their fixtures would be to make injured or out of favour players redundant, something the administrator would have been quite happy to do considering he's lamped off all the office staff and coaches. That would go down really well.
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