Re: £300,000 extra for clubs : Wed Mar 05, 2014 8:47 am  

melly88 wrote:

Does this now mean there is not enough money in the bank to cover this months wages??

ALSO- Is it bad press release to say RFL are paying last months wages or RFL stirring the pot some more??

It is clearly factualy incorrect to say the RFL are paying the wages. The administrator is paying wages using funds distributed to all clubs....like all clubs do, so we are using our own money that originated from sky via the rfl. Also, it says we have been using the £250K to pay wages, but it does not say we've used it up, for all we know that could last another couple of months? Certainly I'd guess it will be enough to get us to the point of new ownership, if a new owner stands up in a reasonable time frame (before the next home game would be my hope)

Re: £300,000 extra for clubs : Wed Mar 05, 2014 1:19 pm  

kinleycat wrote:

99% of what has gone on between the Bulls owners (various) and the RFL has gone un written over the last few years, either initially or until something else has led for a need for it to be disclosed.
I can asure you it is true, and it was not a knock at the Bulls or strangely (for me) a knock at the RFL, just a bit of reality.

I can prove you talk rubbish!

[Bulliac]

Re: £300,000 extra for clubs : Thu Mar 06, 2014 9:58 am  

Northernrelic wrote:

Unfortunately they tried to fight the fire by throwing more bundles of cash on it

Sadly there is some truth in that NR.

The most culpable, to me, was CC. He alone of the recent chairmen actually had money in the bank [pretty large amounts, after the 'Odsal settlement'] and he simply made bad choices, imo, viewed of course with 20/20 hindsight. As for his successors, the one thing it shows, is that in desperate times, even people we might normally think of as staid and 'sensible' businessmen can turn to desperate measures.

We do judge on results though, so much as if, for example, Hood's desperate price reduction scheme had come off, we'd have regarded him as a visionary. History tells us it didn't though, so unfortunately he's yet another loser.

[Bulliac]

Re: £300,000 extra for clubs : Thu Mar 06, 2014 10:04 am  

Duckman wrote:

It is clearly factualy incorrect to say the RFL are paying the wages. The administrator is paying wages using funds distributed to all clubs....like all clubs do, so we are using our own money that originated from sky via the rfl. Also, it says we have been using the £250K to pay wages, but it does not say we've used it up, for all we know that could last another couple of months? Certainly I'd guess it will be enough to get us to the point of new ownership, if a new owner stands up in a reasonable time frame (before the next home game would be my hope)

You would have to assume that is true Duckman or the Administrator wouldn't allow the club to trade. The one thing he certainly isn't is some kind of philanthropist.

Re: £300,000 extra for clubs : Thu Mar 06, 2014 10:30 am  

Maccbull_BigBullyBooaza wrote:

I can prove you talk rubbish!

The person who told me was right last time, i have no reason to doubt him.
As it stands there is not enough money in the pot to pay next months wages either so this will continue until a new owner is found or further assets will have to be sold.
This is what i have been told, you can believe it or not.

Re: £300,000 extra for clubs : Thu Mar 06, 2014 10:54 am  

Going by your track record

Not

Re: £300,000 extra for clubs : Thu Mar 06, 2014 11:32 am  

Technically the RFL did pay the wages for January & February, but it came from the sky money that the Bulls were entitled to anyway. The governing body held back the 360K tv money that was due to the club in February until the ownership saga had been completed, they couldn't pay it out until the adminsistrator had made a decision on which bid was to be accepted and that decsion was ratified and completed, which was expected to be a fairly quick process. But as we know that didn't quite go to plan so the Bulls never got the money and most of it is now used. But as this money would have been used to pay the wages anyway who paid it is irrelevent, it was the same money that was used.

Re: £300,000 extra for clubs : Thu Mar 06, 2014 11:35 am  

roger daly wrote:

Going by your track record

Not

I'd say my track record is much better than some on here that have believed everything told to them for the last few years.

Re: £300,000 extra for clubs : Thu Mar 06, 2014 11:36 am  

So does that mean if any other club uses any of their Sky money to pay wages, the RFL are also paying their wages?

Re: £300,000 extra for clubs : Thu Mar 06, 2014 11:45 am  

roger daly wrote:

So does that mean if any other club uses any of their Sky money to pay wages, the RFL are also paying their wages?

Maybe if the cash was being withheld due to the turmoil that makes it technically right, the problem with this admin and indeed the other admin is that so much of it is rumour and secrecy it is very hard to get an accurate reflection on what is really going on.
Financially from 2008 onwards the Bulls have been a basket case, to pick out anything as any kind of fact is going to be tricky.