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| According to Guilfoyle "there is only about £20,000 left", where will the redundancy payouts come from, and how will the administrators get paid?
Several mentions of Noble coming back as coach under the newco regime (Caisley?), I wondered why he had disappeared from the Premier Sports Championship coverage to be replaced by Dave Woods, maybe I`ve just found out. The RFL don`t seem too happy either, apparently they weren`t informed until after the fact.
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| It's all part of the dance.
Mr Guilfoyle is making redundancies ahead of newco's takeover, so that Mr Caisley doesn't have to go to the bother, expense and risk of sacking people to bring in his own team; decks are now cleared for Nobby to be installed and bring in his own people.
As TRB says, sad but clever.
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| It’s not that long ago many Bradford fans were baying for Potters blood & praying for the second coming, well, there you go.
After major surgery the club will keep the majority of its up and coming players whilst removing many players that wouldn’t be in their plans after this year anyway, in turn shedding some of its bloated backroom.
All supporters will probably have to pay to get into the Iconic stadium for the rest of the season, which many will happily do, so grateful in the knowledge that their club has survived.
The new owners will be debt free & rise like a phoenix blah, blah.
What drama?
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| Quote ="semitone"According to Guilfoyle "there is only about £20,000 left", where will the redundancy payouts come from, and how will the administrators get paid?
.'"
the redundancy payments will come from the government fund set up to protect the employees - the redundancy payments office based in scotland
the administrators will get paid from the sale of any assets (e.g. players)
the administrators get their money first, then the banks, then any preferential creditors (usually the landlord...) and then everyone else fights for what is (not) left.
i went through it 12 months ago so speak from experience!!
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| Might be me being naive, however I don't know why an "investor" would want to chuck a few hundred grand at the bulls. The chances of getting any money back in the short or medium term are slim to none. Could this simply be a means of preserving cash? Things will become clearer tomorrow when the administrator meets with the players I guess.
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| Quote ="TRB"Nope! New employer will want his own team. As we saw with the Richardsons, those made redundant now will have no claim against the new owner.
Sad but clever!
Noble returns????'"
I'm I not thinking that if I was made redundant and then someone took my place I would have grounds for complaint,
I know the club is in administration but if it pops back up with the same name surely there is some injustice to the ones that have lost their jobs
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| Quote ="miamivice"the redundancy payments will come from the government fund set up to protect the employees - the redundancy payments office based in scotland
[uthe administrators will get paid[/u from the sale of any assets (e.g. players)
the administrators get their money first, then the banks, then any preferential creditors (usually the landlord...) and then everyone else fights for what is (not) left.
i went through it 12 months ago so speak from experience!!'"
I thought I heard it said on the radio that he wasn't taking a 'fee' him being a supporter and all that.
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| Quote ="Inflatable_Armadillo"Equally, all the non-playing staff, to the administrator, are just wage burdens at this stage and not assets. As such, you can't sell them, so retaining their employment would be foolish for them personally (so they can look for another job) and for the administrator. If Newco comes in, they can either re-employ them or not. The players however, have a potential asset sale value so it is currently worth keeping them employed until you can establish if indeed anyone is willing to pay money to absolutely guarantee their services as a player (as opposed to taking your chances) and then make any remaining players redundant a short time after. This is the way it goes! I hope a Newco is gearing up, it would be a shame for the fans & the RL to see the Bulls die!'"
Not only do the players have an asset sale value, if any club is willing to pay and able to fit them under the 'cap', but they are the means of gaining custom ie pay the players to play and supporters will pay to see them play. In this respect the 'backroom' staff don't directly bring the customers in.
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| Potter (and his backroom staff) made redundant then asked to work for free - understandably, he refuses.
Brian Noble however, not known for his largesse (didn't end up coaching at Cas this season for example, due to his excessive salary demands) agrees to coach the Bulls on a voluntary basis.
Administrator attends a supporters meeting (interestingly, accompanied by a representative of Mr Caisley's legal firm) and announces that there *may* now be an investor ready to come to the rescue.
As I said last week - this is a deck-clearing exercise in which the Bulls will shed the staff they don't want (all perfectly legal when in administration and can be done without recourse to the usual due process) allowing Caisley to install his own people, sack off the coach and players, irrespective of the length of their contracts, and start afresh, safe in the knowledge that the RFL will do pretty much anything to retain the Bulls in SL.
Next up - I expect the newco will announce that ST holders will have to pay on the gate for the rest of the season, as they can't honour the cheap as chips season ticket deal.
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| Quote ="bren2k"Potter (and his backroom staff) made redundant then asked to work for free - understandably, he refuses.
Brian Noble however, not known for his largesse (didn't end up coaching at Cas this season for example, due to his excessive salary demands) agrees to coach the Bulls on a voluntary basis.
Administrator attends a supporters meeting (interestingly, accompanied by a representative of Mr Caisley's legal firm) and announces that there *may* now be an investor ready to come to the rescue.
As I said last week - this is a deck-clearing exercise in which the Bulls will shed the staff they don't want (all perfectly legal when in administration and can be done without recourse to the usual due process) allowing Caisley to install his own people, sack off the coach and players, irrespective of the length of their contracts, and start afresh, safe in the knowledge that the RFL will do pretty much anything to retain the Bulls in SL.
Next up - I expect the newco will announce that ST holders will have to pay on the gate for the rest of the season, as they can't honour the cheap as chips season ticket deal.'"
It all sounds very, very clever and a smokescreen to make somebody quite devious into a hero and the saviour of the day! without selling the main assets of the club, the one's that would have brought a lot of money in and getting rid of people the saviour didnt want and couldnt afford...It seems the fans are just being used as pawns in a emotional blackmail type of way...allegedy!
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| TBF to the administrator, his hands are tied if there is only one interested party.
Caisley is the one that benefits always round, slippery individual and the fans need to be wary.
That said a snake running the club is better than no club (or at least no SL club) to the majority of them, and prior to his departure he seamed to be viewed as a bulls fan more than a director.
Club saved, Caisley and Noble back in charge, most will view this as a win win.............initially!
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| has anyone any idea why the bulls website is down ?
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| No money to run it. Nobody to run it either.
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| Quote ="Uptoncat"No money to run it. Nobody to run it either.'"
surely it won't of cost that much to run even if it didn't add to it,
that's like pulling the plug on someone that's in a coma
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| I can't believe they've had the cheek to ask the fans to pay to get in this weekend. They ask for fans to buy season tickets, then they ask for them to donate £500k and then ask the same people to pay on the gate!
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| Quote ="snowie"surely it won't of cost that much to run even if it didn't add to it,
that's like pulling the plug on someone that's in a coma'"
The websitye will be "Hosted" they probs haven't been paid so they will have pulled the plug
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| Quote ="financialtimes"The websitye will be "Hosted" they probs haven't been paid so they will have pulled the plug
'"
Best get the RFL to shell out some more then !!!
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| Quote ="imwakefieldtillidie"I can't believe they've had the cheek to ask the fans to pay to get in this weekend. They ask for fans to buy season tickets, then they ask for them to donate £500k and then ask the same people to pay on the gate!'"
You may be right but, if the boot was on the other foot, you would probably be happy to pay to keep your team alive (just) and bearing in mind if they did go pop, the fans will have tickets to watch nothing.
It's naughty to ask them to pay, albeit on a voluntary basis but, the ST were bought very cheaply, so even if the fans pay again for the last 5 or 6 games, they will still have paid less that the price of a "normal" ST.
Just going o/t for a minute. With the Bulls situation and with Shudds also likely to substantially increase their own S/T prices, it will be interesting what happens next season at Wakey.
Trying to maintain rising spectator numbers may be difficult if we increase our own price significantly, but there is certainly likely to be a change.
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| Quote ="wrencat1873"You may be right but, if the boot was on the other foot, you would probably be happy to pay to keep your team alive'"
I probably would be happy to do that, providing the club hadn't just emotionally blackmailed me into helping throw half a million quid down the ter.
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| Quote ="bren2k"I probably would be happy to do that, providing the club hadn't just emotionally blackmailed me into helping throw half a million quid down the ter.'"
I guess everyone has an opinion on it. Depends on the individual. As one that was blackmailed into coughing up £100 for the £500k appeal I'm in two minds about paying £20 on Sunday. I've no idea where the money will go. For all I know we could be certainties for liquidation on Tuesday and all I'll be paying for is the administrator.
Interesting times
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| Quote ="Bullseye"I guess everyone has an opinion on it. Depends on the individual. As one that was blackmailed into coughing up £100 for the £500k appeal I'm in two minds about paying £20 on Sunday. I've no idea where the money will go. For all I know we could be certainties for liquidation on Tuesday and all I'll be paying for is the administrator.
Interesting times
'"
It sounds depressingly familiar - we've been there and done it but thankfully, we didn't buy the £1,000 a pop t-shirts.
Personally, I still think that a 'White Knight' is working closely with the administrator and what's happening right now is an exercise in clearing the decks before he rides in to save the day, free from the liabilities he doesn't want; if that wasn't the case, Mr Guilfoyle wouldn't have hesitated to flog the family jewels by now.
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| Quote ="Bullseye"I guess everyone has an opinion on it. Depends on the individual. As one that was blackmailed into coughing up £100 for the £500k appeal I'm in two minds about paying £20 on Sunday. I've no idea where the money will go. For all I know we could be certainties for liquidation on Tuesday and all I'll be paying for is the administrator.
Interesting times
'"
Just turn up and pay, what more can you do, at least you and others tried to help support the club.
Thats what fans do.
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| Reports on twitter say there quite a few parties interested in taking over the bulls now...
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| What's the saying
Fool me once, shame on you
Fool me twice, shame on me?!
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| Quote ="mwildcats"What's the saying
Fool me once, shame on you
Fool me twice, shame on me?!'"
Not if you are George W Bush!
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