Re: Bulls Takeover : Tue Oct 15, 2019 10:51 pm  

In many ways you are better off with CB than someone with an open cheque book.

CB will cut costs, you’ll see and feel those cuts quite starkly but if you keep with it and work together you will come out the other side clean.

That’s better than having another money man throw cash at a proven failure in terms of a sport-business. When said money man decides to leave its Russian roulette time again.

CB will clean you of debt, stem the financial haemorrhaging, install a working business plan and lay the foundations from which you can move forward.

If the business can afford it you’ll build a squad capable of reaching SL again but the fans need to have faith and keep supporting the club or the money will never be there.

Hard times ahead but you should welcome them as the herald of a new beginning and an end to the nightmare decade you’ve gone through.

Re: Bulls Takeover : Wed Oct 16, 2019 4:43 am  

I assume Wakey had the benefit of quite a bit more central funding income though?

I'm not saying it's impossible to turn a profit at Championship level, but I'm struggling to see how we make enough profit to be debt free in 2 years if the figures I've seen mentioned are correct. Unless of course some sort of deal is struck to bring that figure down? I'm no financial whiz however so perhaps there is way? Either way, looks like it could be a painful few years once again! That dual reg arrangement needs to be a good one!!

Re: Bulls Takeover : Wed Oct 16, 2019 4:51 am  

The Avenger wrote:

In many ways you are better off with CB than someone with an open cheque book.

CB will cut costs, you’ll see and feel those cuts quite starkly but if you keep with it and work together you will come out the other side clean.

That’s better than having another money man throw cash at a proven failure in terms of a sport-business. When said money man decides to leave its Russian roulette time again.

CB will clean you of debt, stem the financial haemorrhaging, install a working business plan and lay the foundations from which you can move forward.

If the business can afford it you’ll build a squad capable of reaching SL again but the fans need to have faith and keep supporting the club or the money will never be there.

Hard times ahead but you should welcome them as the herald of a new beginning and an end to the nightmare decade you’ve gone through.

I think after all that has happened in the last 7 years or so.. (I've genuinely lost track) it will be a tougher sell that you might imagine. The trust level is at absolute rock bottom with me, so you'll have to excuse me if I'm not jumping for joy at his arrival. Every owner we've had was going to run it like a business but it's always ended up going tits up. I think if the dialogue starts along the lines of supporters having to dig deep and pay inflated prices I'm probably losing interest. I don't think the supporter base could of done much more to try and help in terms of financial backing to the club.

Re: Bulls Takeover : Wed Oct 16, 2019 7:24 am  

Bully_Boxer wrote:

I don't see what how the rumoured debts can be cleared in 1-2 years.. how do we go from racking up huge debts to turning a profit and paying them all off in 2 years.. all sounds a bit fanciful to me.

The only hope I have is that the 500k savings from not being at Odsal are accurate

[Pumpetypump]

Re: Bulls Takeover : Wed Oct 16, 2019 7:35 am  

I will absolutely and definitely not trust ANYONE who comes in. I've been mis-sold sunny uplands too many times now. Even when you finally think we've got an owner who want's gradual and sustainable growth, it transpires they've cocked that up completely and we are back to square one.

What Chis Brererton inherits is a hugely jaded and cynical fanbase, not to mention the people who have had to make the painful decision to do something else with their Sundays. It can't be underestimated how much damage to any NEW owner, the actions of the last 4 have wrought.

Re: Bulls Takeover : Wed Oct 16, 2019 7:54 am  

So what’s the solution then given there doesn’t appear to be a cash rich backer?

Re: Bulls Takeover : Wed Oct 16, 2019 8:01 am  

Pumpetypump wrote:

I will absolutely and definitely not trust ANYONE who comes in. I've been mis-sold sunny uplands too many times now. Even when you finally think we've got an owner who want's gradual and sustainable growth, it transpires they've cocked that up completely and we are back to square one.

What Chis Brererton inherits is a hugely jaded and cynical fanbase, not to mention the people who have had to make the painful decision to do something else with their Sundays. It can't be underestimated how much damage to any NEW owner, the actions of the last 4 have wrought.

while I can understand many of you that have frustrations to the extreme if none of you show any sign of wanting a club then the alternative would be not to invest and the club will fold,
you either have to get on board (again I know) and wipe the slate clean, if you have no faith in the new consortium then it won't happen
words that stuck in my mind was
Chris once told me there's many that have a lot to say about how to run a club but are unwilling to do so.
its easy to criticise from the outside when you haven't put anything in.

now its not up to me to rally your troops up but you lot are doing well in doing the opposite

Re: Bulls Takeover : Wed Oct 16, 2019 8:03 am  

Betsy Bulls wrote:

So what’s the solution then given there doesn’t appear to be a cash rich backer?

the club runs its self do you not know what living within your means mean

Re: Bulls Takeover : Wed Oct 16, 2019 8:57 am  

Bull Mania wrote:

I suppose the only difference with CB and all the previous owners is that CB has an actual history of acting on his words and sorting out RL clubs in dire straights. None of the others had ever been in charge of running an RL club fully. I could be wrong but weren't Wakey in £2million+ debt when him Michael Carter took over. They had some tough years, and needed a bit of luck too, but look at them now and are debt free I believe. There will be a tough couple of years ahead but all I want is complete honesty. I'd rather have a club than no club at all,even if my loyalty is being tested right now.

I think next year will be about paying creditors (quite rightly) and trying to survive in the championship.

Just what I am thinking. He does have history of this type of problem and other people in the game speak well of him. If it is about £500k then I am quite confident he can pull back a couple of £k each year till we are even again. Can't we save that each year just by not being at Odsal or is that too simplistic.
I hope he dose take over and it will also be interesting to find out who the other consortium members are as he will be running the club but the others are there for a reason. Do we know who the others are?

Re: Bulls Takeover : Wed Oct 16, 2019 9:02 am  

Bull Mania wrote:

I suppose the only difference with CB and all the previous owners is that CB has an actual history of acting on his words and sorting out RL clubs in dire straights. None of the others had ever been in charge of running an RL club fully. I could be wrong but weren't Wakey in £2million+ debt when him Michael Carter took over. They had some tough years, and needed a bit of luck too, but look at them now and are debt free I believe. There will be a tough couple of years ahead but all I want is complete honesty. I'd rather have a club than no club at all,even if my loyalty is being tested right now.

I think next year will be about paying creditors (quite rightly) and trying to survive in the championship.

Wakefield owe WMDC over £3m, hardly debt free.