Re: Peter Hood says Bulls on brink of going bust. : Mon Apr 09, 2012 11:35 am  

Northern Lad wrote:

Sorry guys but there's a battle going on for the hearts and minds of supporters and this probably isnt going to be the last revelation that comes from the T&A, I just wish they'd be a bit more objective.

If the board would be more honest and clear about the situation then any (claimed) lack of objectiveness wouldn't be an issue.

Though six years of everything being someone else's fault suggests that will never happen.

Re: Peter Hood says Bulls on brink of going bust. : Mon Apr 09, 2012 11:39 am  

And which sports team does Bradford's heroic last Labour MP support?

That's right - Manchester United.

Re: Peter Hood says Bulls on brink of going bust. : Mon Apr 09, 2012 11:55 am  

debaser wrote: Gerry Sutcliffe's two penneth: http://www.thetelegraphandargus.co.uk/n ... sh_crisis/ Whilst accepting that all politicians are self serving and rarely give a fig about their constituents until a vote is needed he makes a very valid point. I would suggest the least the fans deserve from the board is the truth, the whole truth and nothing but the truth especially after pledging £480k of your hard earned money to save their business. It's not like it would put anyone off being interested in the club as they would find out the warts and all through due diligence anyway. Personally, I think the board of directors are treating you like a bunch of mugs and should be ashamed of their whole stance throughout this mess. If they really put up surety of 10 times the value of the overdraft then they must have been prepared to risk such surety. If there is such a surefire plan to make the club work after this immediate cash influx then why weren't they willing to realise one tenth or even one twentieth of their surety to get to that situation. Where's that supposed commitment now ? Why didn't they pledge the final 4% rather than extending their own deadline to let you stump up some more. I think it stinks, notwithstanding the fantastic efforts you lot have gone to. You should be very proud, I just feel that this is only the beginning of a long story.

debaser wrote: Gerry Sutcliffe's two penneth: http://www.thetelegraphandargus.co.uk/n ... sh_crisis/ Whilst accepting that all politicians are self serving and rarely give a fig about their constituents until a vote is needed he makes a very valid point. I would suggest the least the fans deserve from the board is the truth, the whole truth and nothing but the truth especially after pledging £480k of your hard earned money to save their business. It's not like it would put anyone off being interested in the club as they would find out the warts and all through due diligence anyway. Personally, I think the board of directors are treating you like a bunch of mugs and should be ashamed of their whole stance throughout this mess. If they really put up surety of 10 times the value of the overdraft then they must have been prepared to risk such surety. If there is such a surefire plan to make the club work after this immediate cash influx then why weren't they willing to realise one tenth or even one twentieth of their surety to get to that situation. Where's that supposed commitment now ? Why didn't they pledge the final 4% rather than extending their own deadline to let you stump up some more. I think it stinks, notwithstanding the fantastic efforts you lot have gone to. You should be very proud, I just feel that this is only the beginning of a long story.

Re: Peter Hood says Bulls on brink of going bust. : Mon Apr 09, 2012 11:58 am  

Asim wrote:

If the board would be more honest and clear about the situation then any (claimed) lack of objectiveness wouldn't be an issue.

Though six years of everything being someone else's fault suggests that will never happen.

Hindsights a wonderful thing Asim, something CC may think as well after the Harris debacle. I'm not sure the club have said everything is someone else's fault, they've absoloutely made mistakes and given their time again might do things differently.

The issue for me here is another story in the T&A which will have a detrimental affect on the pledge, for me it's nailed it's colours to the mast pretty early and looks like its being fed stories.

Re: Peter Hood says Bulls on brink of going bust. : Mon Apr 09, 2012 12:45 pm  

Peter Hood wrote:

“We’ve made huge steps forward but we need to keep the pressure on and in rugby league jargon we’re on the line and we need to get over the line and get the ball down and that’s what we’re focused on now.”

On the line is a try, Peter

Re: Peter Hood says Bulls on brink of going bust. : Mon Apr 09, 2012 7:48 pm  

Bulls4Champs wrote:

On the line is a try, Peter

Re: Peter Hood says Bulls on brink of going bust. : Mon Apr 09, 2012 9:52 pm  

I'll give Peter credit in that after todays game he had time to answer to all my questions, with open honest replies and not once did try lead me astray with any BS.

Unfortunately I'm still of the opinion that

Re: Peter Hood says Bulls on brink of going bust. : Mon Apr 09, 2012 9:55 pm  

Please Mick you can't leave the post like that surely.

Re: Peter Hood says Bulls on brink of going bust. : Mon Apr 09, 2012 10:52 pm  

Re: Peter Hood says Bulls on brink of going bust. : Tue Apr 10, 2012 8:05 am  

Asim wrote:

If the club is losing £100k a month there really is little hope going forward without any big new investment - whether the pledge money is raised or not.

Hopefully the T&A confused accounting losses and cashflow.

If we really are losing £100k per month pa then we are in deep doo doo, with no realistic way back.

Its possible that we "just" have negative cashflow of £100k per month. That would be consistent with what we already know, that once the pledge pays off existing debts we still need £500k to pay the bills until the end of the season. That would partly be a consequence of receiving all the season ticket money at the start of the year. Serious but not as bad as a accounting losses of £100k per month.