[url=http://www1.skysports.com/rugby-league/news/12213/7890911/Bulls-plan-stock-clearanceLink[/url

£50k worth of stock to be sold off cheap.



Sounds like a good idea

Any idea if this will be available online?

Only after I've stuck it on ebay on Sunday night me old china plate.

Doubt it, you can't use cards at all up there now.

So is it all cash?

Well id assume you have to go in the shop seen as we no longer have a website

and like vbfg says no cards anymore so more than likely cash only !!

They might take a pig and bread in exchange for a polo and hoodie? That way they could sell Bacon Butties on matchdays?

Who would get the cash?

as the stock belongs to bradford bulls then the administrator gets it to use for day to day running costs

Far better to get £50K for running costs from the existing stock than by selling off Bateman or Whitehead

Bad news. Both Elliott and John are suspended from pegs in the shop window.

I think the point is the stock is worth £50,000 but as they apear to be selling it at what it apears to be cost price eg. shirts, coats @ £15 he will like as not get nowhere near that. Sounds a bit desperate to me plus replacing all that stock is another "cost " to the new owners as that money will be gone.That`s if they decide to come in ,Sky sports were just suggesting otherwise.

It sounds desperate because it is desperate, these are desperate times. I presume the £50k figure is what they feel it is worth at the prices they plan to sell at, not full market value.

we're due to change supplier next year anyway so all stock would be being replaced anyway.

Well I took that for a given anyway probably much sooner , newco would not want other peoples sponsor names on shirts they would want their own brand on.But it doesn`t alter the fact they will have to buy it which is as I said another big payout for them.

they'll have to buy merchandise for next year irrespective. What the stock sale means is they wont have to buy a load of old stock with ex-sponsors names on which they'd then struggle to sell. reduces assets the new owners have to buy to takeover club and brings in money to reduce debts for the current operating company. win/win situation I'd have said.

But have the club paid for the stock yet?

The message i've heard is yes, it's all paid for and therefor any money they get is money to use for the running costs.

You do have some weird angles on everything. All that's happening is the Bulls shop is having a big sale, and they are getting very widespread free publicity for it to boot. You've got no idea of the cost, or what they are selling at what price, so your comment is meaningless. "Desperate"? All the administrator is doing is getting in what he can, which sounds eminently sensible, but ffs haven't you heard that we are insolvent, in administration and on the brink of liquidation?

Wonder why no other business has ever thought of holding a sale? Do you think it could ever catch on?

The stock of old shirts etc is of zero value to any newco, why would they want to sell anything with oldco sponsors emblazoned on it, they'd probably rather burn it. Or did you weirdly think that the unsold stock in the shop was somehow a major factor in the negotiations?

It's also worth bearing in mind that they always have a sale at the final home game of the season, selling off the current season shirts for a tenner - as we get a new shirt every year anyway.

All they are doing is bringing this earlier - remember, we only have three home games left - to get some cash flow now, rather than in three or four weeks when they'd normally be having the merchandise sold off.

Exactly. They dont want this years stock competing on the rails with next years stock. Even more relevent than usual in a year when we're changing suppliers. Plus it makes sense to reduce the assets of the club (particularly ones that have no value to a purchaser going forward) and hence the purchase price of the club whilst bringing in funds to pay the bills/reduce the debts.

Has anyone been up? What are the chances of anything being left by tomorrow? Slim I guess...

Going by the pic they put up on Facebook, it looks like there'll be slim pickings after lunchtime

The Facebook page says cash and cheques, though I believe that businesses pay a cheque clearing charge so cash probably gives more profit to the club.

do people still use cheques