Re: Peter Hood says Bulls on brink of going bust. : Tue Apr 03, 2012 9:31 am  

80% of the shares are held by non-board members.

I suspect we can take it that there is nothing financial expected from the main ones of them. Can you see Caisley chipping in right now?

As I've already said, Hood and Bennett work for free. Directors are already exposed to personal guarantees, and have bought shares off other ex-shareholders (I suspect with little expectation of getting their money back). The only direstors are Hood, Bennett and Duckett. Ryan is a paid employee, notional shareholding only, with hardly a massive salary judging by the accounts, and IMO it would be totally unreasonable to expect him to put his house on the line - would any of you guys do that? Hood and Bennett would likely argue they have already put enough in - in time and money and exposure - and that to expect even more, when they don't even control the club (by a country mile) is unreasonable.

Messrs Caisley, Bates and Agar are the shareholders that between them have around half the shares. Anyone fancy asking them?

Re: Peter Hood says Bulls on brink of going bust. : Tue Apr 03, 2012 9:32 am  

debaser wrote:

This is grim news. Friday is going to be emotional.

Indeed. I don't normally have a beer at the game, but I might make an exception this week.


Without investment we might scrape the 500k with some creative PR type double counting, especially now as it seems some money from the derby will count when I'm sure we were told previously it would not?

But without outside investment IMO we have zero chance for the next 500k to reach £1m, and then administration will be inevitable and we'll then be waiting for someone (Caisly/Parkin/A.NOther) to pick up the cheap pieces out of admin and we go from there...hopefully.

There are people like my father who have not pledged yet, despite a lifetime of supporting and being a current member they are just so p!ssed off with the club, because ultimately, the bottom line is our club got ourselves into this mess (irrespective of circumstance, change in personal or board, bad luck, outside economic interest, etc etc, the end responsibilty is ours and ours alone - contingencies should have been made when the times were good and bad decisions like Harris should not have been taken) so it feels like throwing good money after bad.

He will pledge, late like many others, I have no doubt, but only out of a blind faith in the history and name and his support over the years rather than any specific belief in the current club.....and if he doesn't I'll probably pledge again on his behalf on Friday.....actually, I think I could do with a drink now.

Re: Peter Hood says Bulls on brink of going bust. : Tue Apr 03, 2012 9:38 am  

We're fscked.

Re: Peter Hood says Bulls on brink of going bust. : Tue Apr 03, 2012 9:51 am  

You can't blame anybody who doesn't want to throw good money after bad, when there is little to give confidence in the people it is going to be in the hands of.

Rugby League will live on in Bradford as long as there are people who want it to.

Re: Peter Hood says Bulls on brink of going bust. : Tue Apr 03, 2012 9:51 am  

Reading the T/A report again sounds like Mr Hood is lieing again about how much money the bulls have rasied in times like ours we need to get the raise amount spot on and dont give fans false hope. Sooner that man gets bought out the better the bulls future will be.

Re: Peter Hood says Bulls on brink of going bust. : Tue Apr 03, 2012 9:52 am  

Whilst fully appreciating the economic climate many businesses are struggling to operate in I do ask the business community of Bradford the following: have you ever profited from the Bulls/northern? I am referring particularly to bus and taxi firms, pubs, take-aways, newsagents, sport shops, SUPERMARKETS etc. I also extend this challenge to the RFL and other SL teams who relied on Bull mania to swell the coffers at semi and finals and "away" matches. If there is any spare cash at all in these small, medium and huge businesses I implore you to consider the plight of a business that helped you succeed.

Re: Peter Hood says Bulls on brink of going bust. : Tue Apr 03, 2012 9:52 am  

Joseph241211 wrote:

Reading the T/A report again sounds like Mr Hood is lieing again about how much money the bulls have rasied in times like ours we need to get the raise amount spot on and dont give fans false hope. Sooner that man gets bought out the better the bulls future will be.

Maybe his beancounter screwed up?

Be careful what you wish for.

Re: Peter Hood says Bulls on brink of going bust. : Tue Apr 03, 2012 10:03 am  

Asim wrote:

Rugby League will live on in Bradford as long as there are people who want it to.

I hope you are proved right.
After the game on Friday i was enthused, probably carried away with the atmosphere etc, but now i don't know what to think. I can't believe that whatever the rights and wrongs are of how we got into this situation that anyone who has a remote interest in the Bulls would not consider pledging at least £10/£20?
Every penny counts.

It's all well and good saying i'll put money in but not if this lot stay in charge (initially my own thoughts), but what happens if the club goes down and no one comes forward to reform a Pheonix from the ashes club?

I would be willing to pay up again next month if required, and i would also pay to help form a new club in the Championships if it came down to it.

Re: Peter Hood says Bulls on brink of going bust. : Tue Apr 03, 2012 10:06 am  

vbfg wrote:

We're fscked.

Not if enough people are convinced we need not be, as the club is seeking.

Or if we have a very quick exit from administration, pre-cleared witrh the RFL, IMO.

Otherwise, yes we very probably are IMO.

Re: Peter Hood says Bulls on brink of going bust. : Tue Apr 03, 2012 10:09 am  

Asim wrote:

Rugby League will live on in Bradford as long as there are people who want it to.

Debt free as well. It might be more tempting for any megalomaniacs out there.