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| Quote ="Mr Carl"Fair enough, it shouldn't be the responsibilty of the fans to question the price of season tickets, but it must have occurred to people that the club was going to raise less money by selling the season tickets heavily discounted.'"
No, your basic premise is totally wrong. And for a start (again) ignores that not all tickets were heavily discounted. And the top dollar tickets (like mine) were not "Pledge discounted" AT ALL. You are peddling a pure myth, that every ticket was "heavily discounted", even though you've been told that that was not the case. Why?
The deal was that prices would be lower, depending on how many people agreed to buy. So the more people pledged, the cheaper the deal. You don't know (and nor does anyone) how many would have bought season tickets at absolute top dollar. The club explained in principle how they had done the maths, and the fans were 100% entitled to assume and did assume that they knew what they were doing.
FWIW I think they did know. I think the former management figured that over a season this scheme would produce more moolah than just charging top dollar at flat rates from day one. We may have gone tits, but I don't think they were wrong. The problem was not the size of the income, but that we seem, with hindsight, to have been committed to a level of expenditure that we couldn't afford after a series of disastrous seasons coupled with a sequence of sudden and calamitous finanical demands
But in any case, surely you are not suggesting that they worked out a scheme that they thought would produce less income? Sorry but if you are, that's nuts.
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| Quote ="Ferocious Aardvark"No, your basic premise is totally wrong. And for a start (again) ignores that not all tickets were heavily discounted. And the top dollar tickets (like mine) were not "Pledge discounted" AT ALL. You are peddling a pure myth, that every ticket was "heavily discounted", even though you've been told that that was not the case. Why?
The deal was that prices would be lower, depending on how many people agreed to buy. So the more people pledged, the cheaper the deal. You don't know (and nor does anyone) how many would have bought season tickets at absolute top dollar. The club explained in principle how they had done the maths, and the fans were 100% entitled to assume and did assume that they knew what they were doing.
FWIW I think they did know. I think the former management figured that over a season this scheme would produce more moolah than just charging top dollar at flat rates from day one. We may have gone tits, but I don't think they were wrong. The problem was not the size of the income, but that we seem, with hindsight, to have been committed to a level of expenditure that we couldn't afford after a series of disastrous seasons coupled with a sequence of sudden and calamitous finanical demands
=#FF0000But in any case, surely you are not suggesting that they worked out a scheme that they thought would produce less income? Sorry but if you are, that's nuts.'"
Nobody sets out to do that. Unfortunately, it happens.
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| Quote ="Ferocious Aardvark"The administrators' fees is a known and published figure (£172,551.90 ), but what everyone posting is overlooking is that for that money, and completely apart from the money OKB are paying now, the administrators via keeping the club up and running, have generated a significant amount of income during the 2 months they have been there. They have also received advances in one form or another from the RFL. So it is far from just the purchase price that has come in.
(Everybody is also ignoring the fact that this payment is not necessarily the whole purchase price, there was reported a [url=http://www.thetelegraphandargus.co.uk/news/9906492._We_ll_invest___6m_in_Odsal_Stadium_over_three_years_/?ref=mrfurther payment of 100K to be made at a later date[/url, but as it doesn't suit most people's whingeing agenda, they are all ignoring that. And that is not seemingly the whole price either, as various reports confirmed that as well,=#FF0000 the newco will forego certain central funding, which is, if you think about it. the same as keeping all central payments and paying a higher purchase price. )'"
You mean the already ' advanced ' central funding that has been paying your players to complete this season
So it isn't NO
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| Quote ="Starbug"You mean the already ' advanced ' central funding that has been paying your players to complete this season '"
No, not at all. I meant what I said.
But keep right on trying.
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| Quote ="Starbug"You mean the already ' advanced ' central funding that has been paying your players to complete this season
So it isn't NO'"
except the central funding that purchasers are talking about not getting/voluntarily forfeiting (depending on who you listen to) for remainder of this license period is on top of the central funding which has already been advanced to keep the club running, which they obviously were not going to get.
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| Quote ="mat"except the central funding that purchasers are talking about not getting/voluntarily forfeiting (depending on who you listen to) for remainder of this license period is on top of the central funding which has already been advanced to keep the club running, which they obviously were not going to get.'"
Link ?
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| Quote ="Ferocious Aardvark"No, not at all. I meant what I said.
But keep right on trying.'"
No , if you had paid a higher purchase price , then other creditors than the RFL would have recieved a share
The RFL will deduct your money wether you agree to ' forego ' it or not
A Lawyer eh ?
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| Quote ="mat"except the central funding that purchasers are talking about not getting/voluntarily forfeiting (depending on who you listen to) for remainder of this license period is on top of =#FF0000:iaikrd4gthe central funding which has already been advanced to keep the club running, which they obviously were not going to get.[/
And which pretty much makes any ' mini licence contest ' a sham , because if you dont get the licence , you wont be entitiled to the central funds to ' not get ' and will still owe the RFL hundreds of thousands of pounds
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| Quote ="Starbug"And which pretty much makes any ' mini licence contest ' a sham , because if you dont get the licence , you wont be entitiled to the central funds to ' not get ' and will still owe the RFL hundreds of thousands of pounds'"
Do you really think the mini-licence review is a sham?
I would have thought there will be a thorough review of all clubs entered into this exciting opportunity.
Just think, the possibility of your club making the “Big Time” a couple of years earlier than you could have possibly dreamed of.
Or maybe, Big Nige misheard & thought he’d been offered a Mini Roll.
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| The one way out of this hole is if Mr Khan agrees a deal with creditors. As he's on about putting £6 million into Odsal, there must be some potential for that. Now he might be waiting to check he isn't dumped into the Championship first (and I don't blame him if that is the case), but doing it first should clearly remove that threat and the RFL could/should state it explicitly, IMO. Gives the creditors a strong hand, admittedly, and we don't want it dragging on any more. If SL status is granted without and not dependent on a deal, then the carrott/stick disappears. The RFL can't impose a deal or amount to be repaid, obviously. Not easy...
...and even then, the credibility of licensing would still be severely damaged, IMO. After Crusaders it was already looking wobbly. Now we've had a glimpse of how far they are willing to go, even if they find a way to avoid doing it, they've shown their hand. IMO. At this stage though, any port in a storm.
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| Quote ="Starbug"
Afaik your the one making the claim that we've already been advanced part of next years allocation already so why don't you provide a link?.
New owners have said in several interviews that they are in discussions with rfl over what central funding they will receive/forfeit going forward. Don't think it's said anywhere that we've had an advance past this years allocation. That's a claim you keep making.
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| Quote ="mat"
Having been involved at SL club level [ albeit only for a very short period of time the 1 st thing that happens when a club needs money is they approach the RFL for any funds they are entitled to , to be paid early , the Bulls would have had this years SKY money long before any Loans or lease buy outs would have happened
So any ' advanced ' monies from mid season this year will have been from next years entitlement , all the way through the term ' advanced monies ' has been vague , a sure sign that it was so
I would find it very strange , incredibly stupid even for the RFL to somehow ' fine ' the Bulls extra money , when they are going to be strugling to start over again
And this is irrelivant , it was FA who was somehow suggesting that this ' repayment ' was in leiu of a larger purchase price , my reply to him points out how it wasn't and couldn't be viewed as such
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| so basically your saying its just YOUR opinion that we've been advanced part of next years money and you cant back that opinion up. Thanks for clarifying that.
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| Quote ="mat"so basically your saying its just YOUR opinion that we've been advanced part of next years money and you cant back that opinion up. Thanks for clarifying that.'"
You seriously thought it was anything else but my opinion ? , this is the VT , the only thing posted on it is opinion
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| Quote ="Ferocious Aardvark" And that is not seemingly the whole price either, as various reports confirmed that as well, the newco will forego certain central funding, [size=150which is, if you think about it. the same as keeping all central payments and paying a higher purchase price.[/size )'"
It is if the entirety of any monies forgone is distributed amongst all the creditors, yes. Is that the case?
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| An agreement to forego an otherwise guaranteed income is effectively the same as a higher purchase price irrespective of where that money ends up you great witless dandy.
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| Quote ="vbfg"An agreement to forego an =#FF0000otherwise guaranteed income is effectively the same as a higher purchase price irrespective of where that money ends up you great witless dandy.'"
Not if there is no ' choice ' in the matter , if the new club say "No " , the RFL say " Championship RL with no central funds for 5 years "
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| Quote ="vbfg"An agreement to forego an otherwise guaranteed income is effectively the same as a higher purchase price irrespective of where that money ends up you great witless dandy.'"
May I firstly say that is one the more impressive insults hurled in my direction, I hope you won't object if I keep it in mind for future use myself.
I'm afraid however, I beg to differ. Firstly the RFL are apparently due to make an impartial decision on the acceptance or otherwise Bradford's bid to continue in SL, to have a financial interest in their continuation could be seen as compromising any impartiality, could it not?
Secondly, we have just spent months dragging out this process largely because of an insistence that conditional offers were unacceptable. Unless the central distributions that are to be forgone are solely those due to a non SL club what we have is a conditional offer, is it not?
Finally, the discussion, if not the part of the post I quoted, taken in its full context appeared to me to be about more than simply the cost to OK Bulls of acquiring the club. It was also about the value to creditors with particular reference to the cost of the administration versus the purchase price. In that context I would suggest that where the money ends up is relevant. I would also suggest, as a slight aside, any scheme by which the RFL or indeed any other creditor positioned themselves as a de facto preferential creditor is morally dubious.
On the narrow point that the cost OK Bulls is the same either way, I agree.
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| Quote ="Wembley '83"I'm afraid however, I beg to differ. Firstly the RFL are apparently due to make an impartial decision on the acceptance or otherwise Bradford's bid to continue in SL, to have a financial interest in their continuation could be seen as compromising any impartiality, could it not? '"
Which financial interest might that be?
Quote ="Wembley '83"Secondly, we have just spent months dragging out this process largely because of an insistence that conditional offers were unacceptable. Unless the central distributions that are to be forgone are solely those due to a non SL club what we have is a conditional offer, is it not?'"
Not if the discussion is what financial distributions will be foregone [iif[/i the Bulls stay in SL.
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| Quote ="Starbug"No , if you had paid a higher purchase price , then other creditors than the RFL would have recieved a share '"
You actually took the time to point out that if a buyer pays more money to a seller, then the seller has got more money than if less was paid? In that respect you are clearly right, but it's not earth-shattering insight.
Exactly how much has the administrator paid the RFL and when?
Quote ="Starbug"The RFL will deduct your money wether you agree to ' forego ' it or not '"
Clearly (well, except perhaps to muppets) I wasn't talking about advances made this season, since you can hardly "forego" something which isn't yours to forego, now can you?
Quote ="Starbug"A Lawyer eh ?'"
I'm a mere aardvark, but clearly one with a better grasp of English than you. Is English your first language?
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| Quote ="Ferocious Aardvark"You actually took the time to point out that if a buyer pays more money to a seller, then the seller has got more money than if less was paid? In that respect you are clearly right, but it's not earth-shattering insight.
quote
Not neccesarily in this instant , the buyer [ Mr Khan pays the seller [ Administrator 150 K , the seller keeps all the money
If the buyer [ Mr Khan pays the seller [ Administrator 300 K , the seller only keeps 170 K , the other 130 K goes to the unfortunate creditors
In the current situation one of the creditors [ RFL have managed to assume almost a ' prefferential creditors ' situation
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| Quote ="Kosh"=#FF0000Which financial interest might that be?
Not if the discussion is what financial distributions will be foregone [iif[/i the Bulls stay in SL.'"
The repayment of ' advanced ' monies , not to mention the likelyhood of recieving a ' reasonable market rental ' for Odsal
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| Quote ="Ferocious Aardvark"
Exactly how much has the administrator paid the RFL and when?
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I havent suggested they have done so ?
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| Quote ="Ferocious Aardvark"
I'm a mere aardvark, but clearly one with a better grasp of English than you. Is English your first language?'"
No , Leyth is my 1 st language , I would suggest Bulls**t is yours , You being a lawyer
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| Quote ="Kosh"Which financial interest might that be?
Not if the discussion is what financial distributions will be foregone [iif[/i the Bulls stay in SL.'"
Does your 2nd point not answer the 1st? If the financial distribution to a Bradford club expelled from SL is less than to one that is retained does it not follow that the return to the RFL will be less and/or slower if they do not retain the licence?
On the 2nd point in isolation the conditional nature of the offer becomes the price.
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