Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:40 am  

The board should call an extraordinary general meeting and resign. The sooner the club go into administration the sooner we are protected from creditors, the sooner a buyer can do a deal with the administrator and the less chance of the adminstrator selling the players. This would give the club a stay of execution. It's a disaster but nothing to what could genuinely happen. The chances of the RFL not giving the new board a franchise is precisley zero.

For a board member to stay in post stating that if we don't get £500 000 by April 6th we are bankrupt and there is no club is Russian roulette. It smacks of clinging onto a position at the dire risk of the club not existing. It's disgusting quite frankly.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:41 am  

Rather than begging fans for donations, I would be happy for them to make the Leeds home game all ticket only. No season tickets. £20 a ticket with no concessions and ask fans to turn up to support the club as possible last game at Odsal. 20k loyal fans = £400k

Is be happy to pay to see it.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:43 am  

The only even vaguely good thing about that Bulls release I copyed, is that it is just a pledge, so if the club goes pop anyway you won't be out of pocket. The only way you're out of pocket is if the club succeed in raising the cash they need.

My concern would be that I have no confidence that this would be the end of it. We could be back here again in six months even if we do raise the 500k. What happens over the coming winter when there is no cash flow? Do we actually have robust plans in place?

That said, I have pledged my £100, it might be a long shot, but I see no alternative. Wait for saviour? Don't think so, hope the club gets reformed out of administration? An equally long shot. Do nothing and just sit and whinge? Tempting but not loving likely.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:43 am  

Sensei-Bull wrote:

Rather than begging fans for donations, I would be happy for them to make the Leeds home game all ticket only. No season tickets. £20 a ticket with no concessions and ask fans to turn up to support the club as possible last game at Odsal. 20k loyal fans = £400k

Is be happy to pay to see it.

Except...1/6 of that would go in VAT.

And I suspect it would be a very big ask for some families.

But the concept may have legs.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:44 am  

Trustafox wrote:

How on earth did he convince the rfl to award a B grade license? Makes me wonder just how bad Fax's application must have been?!

Not just Fax's application but the 5 teams in Superleague who were awarded a Grade C license. Infact it just shows what a farce the Superleague licensing system is.

I do feel sorry for the fans who are being asked to fork out their hard earned cash. If I were a Bradford Bulls fan I would not trust any of the Bulls board as far as I could throw them.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:45 am  

Sensei-Bull wrote:

Rather than begging fans for donations, I would be happy for them to make the Leeds home game all ticket only. No season tickets. £20 a ticket with no concessions and ask fans to turn up to support the club as possible last game at Odsal. 20k loyal fans = £400k

Is be happy to pay to see it.

Good idea, we've all had very cheap season tickets, this shouldn't be too much to ask.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:48 am  

debaser wrote:

So what do we get for our £100? Nothing?

A rugby league club to support!

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:48 am  

Duckman wrote:

Good idea, we've all had very cheap season tickets, this shouldn't be too much to ask.

Not unless a way can be found of not handing over £1 in every £6 to the VATman, I suggest?

Did the lease deal reduce our overdraft capability??? : Tue Mar 27, 2012 8:49 am  

Banks consider lots of variables when considering borrowing amounts. Did Mr Hood and Co not do their due diligence on the affect the lease deal would have on borrowing!!!

We are in a pitiful state!!


The Neighbour

[Bullseye]

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 8:51 am  

Gobsmacked at the way this has come out, supposedly 2 weeks from closure? After all we have been led to believe by the club over the past few years at fora.

Adey's been pretty much a lone voice with the concerns about our cashflow but from club press releases we've never been rich but have been surviving. Now it suddenly appears we've been clinging on with our fingernails.