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Quote ="littlerich"So Caddick wouldn't invest in property if he didn't own Leeds? What planet are you on?
Club owners [udon't make money from RL[/u. If you believe that they do then your stupidity surprises me even further.'"
Really? club owners dont make money from RL?
this seems a very misleading statement then [iThe operating profit for Leeds CF & A – Rhinos’ parent organisation – rose by £100,000 to £667,385 in the year to October 31, 2012. [/i
www.yorkshireeveningpost.co.uk/s ... -1-5517372
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Quote ="littlerich"So Caddick wouldn't invest in property if he didn't own Leeds? What planet are you on?
Club owners [udon't make money from RL[/u. If you believe that they do then your stupidity surprises me even further.'"
Really? club owners dont make money from RL?
this seems a very misleading statement then [iThe operating profit for Leeds CF & A – Rhinos’ parent organisation – rose by £100,000 to £667,385 in the year to October 31, 2012. [/i
www.yorkshireeveningpost.co.uk/s ... -1-5517372
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| Quote ="SmokeyTA".......This statement has only come out after the bradford Board removed their bid, the RFL took no action to stop them owning the Bulls, or operating them in SL even though they had no confidence in their ability or that they had the necessary capital to survive.'"
That's just a tad disingenuous - the statement came out from the RFL after the somewhat provocative comments issued by Mark Moore on the Bradford web site - agreed that was after the board had removed their bid but come on!!!!
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Quote ="SmokeyTA"Really? club owners dont make money from RL?
this seems a very misleading statement then [iThe operating profit for Leeds CF & A – Rhinos’ parent organisation – rose by £100,000 to £667,385 in the year to October 31, 2012. [/i
www.yorkshireeveningpost.co.uk/s ... -1-5517372'"
Didn't you sell the cricket ground that year which meant you made a profit
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Quote ="SmokeyTA"Really? club owners dont make money from RL?
this seems a very misleading statement then [iThe operating profit for Leeds CF & A – Rhinos’ parent organisation – rose by £100,000 to £667,385 in the year to October 31, 2012. [/i
www.yorkshireeveningpost.co.uk/s ... -1-5517372'"
Didn't you sell the cricket ground that year which meant you made a profit
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| Quote ="Wooden Stand"
You'll also note that everything I've said on this Bulls issue has turned out to be correct '"
Quote ="on 25th February 2014 Wooden Stand"
I agree that a four point deduction is the likely sanction on the Bulls (as I predicted in post a few weeks ago).'"
Quote ="on 30th December 2013 Wooden Stand"My prediction:
1. Mr K will announce himself as sole director & chairman
2. He will employ a very good full-time bookkeeper to work with the CEO. Apart from part time and volunteer people, that will be it for admin staff.
3. The big one: he will make all the players redundant. They will then be free agents. But they will then immediately be offered re-employment on say 50% of current salaries with the option of going onto part time terms if they get a day job elsewhere.
It would be a big gamble, but the only way the owner will have a hope of getting loans repaid to him will be to drastically cut costs AND aim to stay in SL for 2015 by aiming to scrape a third from bottom place in 2014.
'"
Although to be fair, in your head, I suppose all these things happened
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| Quote ="BartonFlyer"That's just a tad disingenuous - the statement came out from the RFL after the somewhat provocative comments issued by Mark Moore on the Bradford web site - agreed that was after the board had removed their bid but come on!!!!'"
I think you misunderstand my complaint about it. im not complaining that the RFL made these comments in response to a fairly strong statement from Mark Moore, im complaining it wasn't made before hand.
The issues and concerns the RFL state are far deeper than simply a response to Mark Moore's accusation, if they are a true and accurate representation of the RFL's view then Bradford should never have been allowed to start the season and this statement should have been made weeks ago.
The trigger for that statement should have been the RFL's need to take action to mitigate a pretty grave set of circumstances, not as part of a PR war. It leaves us with the impression that had the Bulls meekly accepted that penalty the RFL would never have made these concerns public, and simply hidden the fact they allowed a club they had no confidence whatsoever would finish the season, to start it.
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| Quote ="DemonUK"Didn't you sell the cricket ground that year which meant you made a profit'"
no, that was years ago,
Leeds make a profit most years
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| Quote ="Ferocious Aardvark"Although to be fair, in your head, I suppose all these things happened
'"
no be fair, he has changed his predition now that all players will play for 30k rather than 50% of their current contract.
That also hasnt happend but.................
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| Quote ="DemonUK"Didn't you sell the cricket ground that year which meant you made a profit'"
No that was in 2005 IIRC.
Thanks to a £9m loan from Leeds City Council. The same Leeds City Council that is so ridiculously unhelpful when it comes to planning permission for rugby league clubs. The Wakey fans will be familiar with their work.
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| I think in recent years, out of the 30 professional clubs (both codes) only Leeds & Leicester have made small profits. A few clubs break even (those with low maintenance/high corporate spec newer grounds). Everyone else is on a sliding scale of loss making.
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| Wire and Wigan have both reported profits, so have Hull FC.
Also Leeds profits arent that small, admittedly they arent apple but £600k a year profit isnt an amount to be sniffed at.
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| Comments from Richard Lamb in local rag:
Seems like a breath of fresh air.
The RFL say they are speaking to two interested parties and Mr Lamb last night he told the T&A: “I contacted David Wilson today and confirmed that while the process has undoubtedly changed, my position has not.
“When the process is confirmed I will look to make an offer to buy the club and would be delighted with the opportunity to take Bradford Bulls forward.
“I have no qualms with the points deduction because the governing body has been very clear about penalties related to the trading company entering into administration.
“While it is very hard on players, fans and sponsors who have not been involved in the commercial running of the club, the rules are the rules.
“I would not seek to challenge this position and would look to continue to build for the current season. As I have always said this season is going to be tough but everyone needs to stick together. If the season ends in relegation then as many clubs before have done, Bradford Bulls will need to rebuild and move forward.
“I hope the upcoming process is transparent and whoever is lucky enough to own this great club will support some of the game’s best fans.”
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| Sounds good. Trust nobody.
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| Quote ="SmokeyTA"I think you misunderstand my complaint about it. im not complaining that the RFL made these comments in response to a fairly strong statement from Mark Moore, im complaining it wasn't made before hand.
The issues and concerns the RFL state are far deeper than simply a response to Mark Moore's accusation, if they are a true and accurate representation of the RFL's view then Bradford should never have been allowed to start the season and this statement should have been made weeks ago.
The trigger for that statement should have been the RFL's need to take action to mitigate a pretty grave set of circumstances, not as part of a PR war. It leaves us with the impression that had the Bulls meekly accepted that penalty the RFL would never have made these concerns public, and simply hidden the fact they allowed a club they had no confidence whatsoever would finish the season, to start it.'"
for all we know they probably didn't make the statement beforehand because the newco board had suggested that they had "investors" lined up, the RFL may have asked to see these confirmed in writing for the meeting on 12th Feb. The details were not produced at the meeting and the newco were then apparently told the business plans were insufficient and notified of the impending penalties, to go away and put a better financed plan together for yesterdays meeting..
The RFL saw no improvement in the plans so imposed the sanctions.........
The hard part is if the finance plans were insufficient why didn't they just say "sorry" but we cannot grant you the SL licence to carry on.....
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| Quote ="pie.warrior"for all we know they probably didn't make the statement beforehand because the newco board had suggested that they had "investors" lined up, the RFL may have asked to see these confirmed in writing for the meeting on 12th Feb. The details were not produced at the meeting and the newco were then apparently told the business plans were insufficient and notified of the impending penalties, to go away and put a better financed plan together for yesterdays meeting..
The RFL saw no improvement in the plans so imposed the sanctions.........
The hard part is if the finance plans were insufficient why didn't they just say "sorry" but we cannot grant you the SL licence to carry on.....'"
That seems to be the dissonance. The sanction isnt because the RFL dont trust the bulls business plan it was because of the administration.
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| Quote ="vbfg"Sounds good. Trust nobody.'"
This is my greatest concern for Bradford now, whoever comes in is going to need the support of the fans, but those fans have been turned cynic by all that's gone on (who can blame them?) so every little jolt along the way will be a big issue, how many are going to be dedicated to that, with a good 2 years before fans start to accept and trust them?
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| Quote ="Magic Superbeetle"This is my greatest concern for Bradford now, whoever comes in is going to need the support of the fans, but those fans have been turned cynic by all that's gone on (who can blame them?) so every little jolt along the way will be a big issue, how many are going to be dedicated to that, with a good 2 years before fans start to accept and trust them?'"
and those two years may be a death by a thousand cuts this year, and a massive cut in funding, visibility and revenue next year.
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| So is this lamb guy wealthy then?
Because all I see is someone coming in and the same tedious cycle repeating itself.
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Quote ="SmokeyTA"Really? club owners dont make money from RL?
this seems a very misleading statement then [iThe operating profit for Leeds CF & A – Rhinos’ parent organisation – rose by £100,000 to £667,385 in the year to October 31, 2012. [/i
www.yorkshireeveningpost.co.uk/s ... -1-5517372'"
Eh?
From the paragraph before the one you quoted, "Chief executive Gary Hetherington has pledged to re-invest “every penny” of profit back into the club..." leaving precisely £0 for Mr Caddick.
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Quote ="SmokeyTA"Really? club owners dont make money from RL?
this seems a very misleading statement then [iThe operating profit for Leeds CF & A – Rhinos’ parent organisation – rose by £100,000 to £667,385 in the year to October 31, 2012. [/i
www.yorkshireeveningpost.co.uk/s ... -1-5517372'"
Eh?
From the paragraph before the one you quoted, "Chief executive Gary Hetherington has pledged to re-invest “every penny” of profit back into the club..." leaving precisely £0 for Mr Caddick.
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Quote ="FlexWheeler"So is this lamb guy wealthy then?
Because all I see is someone coming in and the same tedious cycle repeating itself.'"
Using the ever reliable company checker -
The combined cash at bank value for all businesses where Richard holds a current appointment equals £203,619, with a combined assets value of £1,828,471 and liabilities of £1,590,575. Roles associated with Richard Lamb within the recorded businesses include: Director, Company Secretary
companycheck.co.uk/director/907682288
I'll let others decide how he is - but he has never dissolved a company ... So it's a good start!
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Quote ="FlexWheeler"So is this lamb guy wealthy then?
Because all I see is someone coming in and the same tedious cycle repeating itself.'"
Using the ever reliable company checker -
The combined cash at bank value for all businesses where Richard holds a current appointment equals £203,619, with a combined assets value of £1,828,471 and liabilities of £1,590,575. Roles associated with Richard Lamb within the recorded businesses include: Director, Company Secretary
companycheck.co.uk/director/907682288
I'll let others decide how he is - but he has never dissolved a company ... So it's a good start!
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| Quote ="FlexWheeler"So is this lamb guy wealthy then?
Because all I see is someone coming in and the same tedious cycle repeating itself.'"
Was thinking the same. He may have money but does he have MONEY? All I see is another wannabe businessman wanting to raise his profile by giving it the ''how hard can it be to run a rugby league club?''. Give it a season and he'll go the same way as the rest when he realises it's a bottomless pit.
There should be lessons learned from the plastic directors who have graced Super League over the last couple of years; Andrew Glover, Omar Khan, Mark Moore.
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| Quote ="SmokeyTA"The chip on shoulder victim complex in RL really is a sight to behold. '"
Yep, ground zero for that is Odsal.
Quote ="SmokeyTA"A club going into admin and coming out doesnt destroy the integrity of the competition, some games being counted and some games not, some losses/wins being wiped, competition rules being changed mid-season, competition numbers being changed mid-season, they destroy the integrity fo the competition and that is the hole the game has dug itself. '"
And Bradford are responsible for all those things that might happen, not the RFL.
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| Quote ="Charlie Sierra"Eh?
From the paragraph before the one you quoted, "Chief executive Gary Hetherington has pledged to re-invest “every penny” of profit back into the club..." leaving precisely £0 for Mr Caddick.'"
Because there are capital expenditures necessary for the club. As is explained in that same paragraph.
reinvesting profit in to a business to grow it does not mean you didnt make a profit, simply that you didnt crystalise it and withdraw it from the business.
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| Quote ="Charlie Sierra"Yep, ground zero for that is Odsal.
And Bradford are responsible for all those things that might happen, not the RFL.'"
no no, the RFL will. They administer the competition not Bradford.
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| Quote ="SmokeyTA"no no, the RFL will. They administer the competition not Bradford.'"
So if I commit a crime, and go to jail, that's the justice systems, or more broadly, the governments fault? Cool.
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| Quote ="Magic Superbeetle"So if I commit a crime, and go to jail, that's the justice systems, or more broadly, the governments fault? Cool.'"
no, but if you walk in to my bank and just take all the money, i'm more likely to blame the company doing security than the thief.
If the RFL can;t administer the competition and make sure it is completed within the rules as set out at the start of the season, you have to ask why the have any relationship with the pro level at all.
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