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| I find it hard to believe that players would just turn up to a meeting and sign new contracts without having their agent there and taking advice first ?
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| Quote Derwent="Derwent"I find it hard to believe that players would just turn up to a meeting and sign new contracts without having their agent there and taking advice first ?'"
They won't have signed new contacts, they may of signed an agreement to stay with the Bulls if this is done by the end of next week.
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| I'm not buying all this "trying to deceive the RFL and back them into a corner" stuff.
I would rather believe that what has happened is that Richardson & co have simply put themselves into a position that represents the best option for the RFL and that they would be stupid to turn down. It's like going to a job interview and telling your prospective employer (who is desperate for a new member of staff ASAP) "I can start tomorrow, I don't need to serve 4 weeks notice elsewhere before I'm available"
After all, the RL are the governing body, they hold all the cards. it would be naive of anybody to think they could force their hand
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International Chairman | 7594 | No Team Selected |
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| Quote el red="el red"Just for clarity, the RFL had NO IDEA this meeting was taking place. They found out about it at the 11th hour and therefore were being deceived.
So you are happy for this NEWCO to dump on creditors?
'"
If M Green and season ticket holders are taken care of (about 1.1 million if you believe his 900k figure, plus the value of the roughly 1k of STs sold up to mid November) then the remaining 50k, a figure cited by the RFL, represents half of one percent.
*And* it's very achievable, *and* there is as yet no indication that the half of one percent of creditor value will be dumped on.
Quote el red="el red"I want the Bradford club to rise again, but not like this.'"
Perhaps adjusting your exaggerated sense of entitlement will help.
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| I'm not sure they did. More of a "I'll sign you up on your old deals if you stick around." But who knows for sure?
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| Quote ridlerbull="ridlerbull":2yee03moNot buying that. I'm not sure what the RFL would gain from our relegation.'" play HKR 3 times etc.
Don't know whether this 'new owner' is going to come off or not, and it would make a big difference, but as it appears that they don''t even know about it, we can assume it wasn't on the table when the RFL came out with their plan to 'help' us.
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Club Owner | 2874 | No Team Selected |
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| Quote vbfg="vbfg"If M Green and season ticket holders are taken care of (about 1.1 million if you believe his 900k figure, plus the value of the roughly 1k of STs sold up to mid November) then the remaining 50k, a figure cited by the RFL, represents half of one percent.
*And* it's very achievable, *and* there is as yet no indication that the half of one percent of creditor value will be dumped on.
Perhaps adjusting your exaggerated sense of entitlement will help.'"
The creditors figure quoted by the RFL was to "unconnected parties" which would therefore exclude Green.
The £50k is owed to other RL clubs due to Green not paying over advance ticket sales money.
Oh, and £50k is not 0.5% of the total, I think you need a new calculator !
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| Ha. Yes I do.
But in this administration process, where we very much still are, then it really is the smallest chunk.
I'm not saying it shouldn't be paid. *After* the ST holders it's the only one I care about. But the administrator isn't going to ignore the person he was employed by.
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| They look well chuffed to be there don't they? (Bower and Shaw).
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Player Coach | 9128 | No Team Selected |
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| Quote Bullmans Parade="Bullmans Parade"I'm not buying all this "trying to deceive the RFL and back them into a corner" stuff.
After all, the RL are the governing body, they hold all the cards. it would be naive of anybody to think they could force their hand'"
Yup. Main difficulty to be overcome might be ensuring that a non-fit and proper person is distanced from the new club. Then again, it might be that that person is only awaiting some incentive to do so. The RFL might join forces with other interested parties in order to smooth the path towards that happening.
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International Chairman | 28357 | No Team Selected |
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| Quote el red="el red"
So you are happy for this NEWCO to dump on creditors?
'"
Can you list for us the creditors that the newco is dumping on, as you obviously know.
Can you also tell us what action we can usefully take in the event we are "unhappy" with any aspect of what is going on. None, so our hypothetical "happiness" with anything of it is just you trying to take some moral high ground.
Quote el red="el red" Guess what happens when in two years they haven't got the lease to Odsal from the RFL... ADMINISTRATION again. '"
Well, at least you'll have something to look forward to then. You'll just have to find somewhere else to vent your righteous spleen for a while before you can gloat to us how you "called it".
Quote el red="el red"Don't forget that this has been engineered to also shave all the clubs top earners and lower the wage bill at the expense of having a competitive team. So the 'backs to the wall' you talk about is false. Rohan knew all this and has merely rolled over to maintain his ridiculous salary for a Championship coach. '"
"Don't forget"? You talk as if you are not only stating facts but that everyone knew these alleged facts. We, and certainly I, know no such thing. Maybe you are confusing the consequences of being deep in the financial mire with the best conspiracy traditions?
Quote el red="el red"I want the Bradford club to rise again, but not like this.'"
Oh please
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Club Captain | 90 | No Team Selected |
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| The liquidation has not yet been presented to the courts so albeit he had to make the staff redundant the club is still in admin so Petttitt is still legally in control.
The RFL had to act assuming the liquidation would go through so they started a new bidding process.
The administrators have found a new way to satisfy the creditors (MG).
None of this puts the RFL nose out of joint it is just an unexpected turn of events. They have to still approve the club getting a licence.
Is this letting MG have shares to wrest control of the Coral stand from him. The charge he put on the business would presumably be against the only real club asset which would be the boxes and hospitality suite. If he still 'owns' that when a new company takes over they have little option but to 'rent' it of MG or have no use of it.
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Player Coach | 3251 | No Team Selected |
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| Quote vbfg="vbfg" the remaining 50k, a figure cited by the RFL,'"
Thats to other championship clubs. I think we owe Dewsbury about £20k, Fev about £21k & Whitehaven about £8k. I'm not sure what for but I would assume pre-match ticket sales?
RFL had said they would cover it & take it out of our central funding this season but thats vanishing day by day.
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| Oh, Derwent beat me to it, sorry 
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International Star | 7201 | No Team Selected |
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| Quote Bullmans Parade="Bullmans Parade"I'm not buying all this "trying to deceive the RFL and back them into a corner" stuff.
I would rather believe that what has happened is that Richardson & co have simply put themselves into a position that represents the best option for the RFL and that they would be stupid to turn down. It's like going to a job interview and telling your prospective employer (who is desperate for a new member of staff ASAP) "I can start tomorrow, I don't need to serve 4 weeks notice elsewhere before I'm available"
After all, the RL are the governing body, they hold all the cards. it would be naive of anybody to think they could force their hand'"
That's similar to how i see it. The time to the new season is a big thing.
From what i understand the latest bidder failed last week and staff were made redundant and the administrator put a statement out saying he will liquidate the club. At this point i believe Marc Green (Who the administrator has a LEGAL duty to get the best deal for as he is the largest creditor. Not happy with it but the law is above me) has panicked as he knows he'll get squat from liquidation and has compromised.
I reckon Richardson may have been one of the bidders accepted by the RFL. Players are going at a rate of knots, so he has being pro-active, maybe already deemed acceptable by the RFL previously if he was one of the bidders in talks with the RFL previously, talked to the players so we don't lose anymore, brought the domain and setup the company and we are ready to go to start the new season. Unfortunately due to the size of the debt unless we had a sheikh prince buying us, a lot of the creditors were going to lose out. I don't like it, I don't agree with it. But it's not as if they were going to get a better deal from Liquidation.
The RFL's process is in response to the liquidation letter. The new season is fast approaching and if we were due to be liquidated, we need a board, kit, players, stadium agreement. Maybe their liquidation process is now Plan B.
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The guy from Halifax is getting his knickers in a twist isn't he
Strange people from there, don't think a 12 point deduction, loss of central funding and losing a good number of our best players is a punishment. We'd need to be hung drawn and quartered at the Shay to get our just desserts in some people's eyes
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The guy from Halifax is getting his knickers in a twist isn't he
Strange people from there, don't think a 12 point deduction, loss of central funding and losing a good number of our best players is a punishment. We'd need to be hung drawn and quartered at the Shay to get our just desserts in some people's eyes
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| Quote Bull Mania="Bull Mania"That's similar to how i see it. The time to the new season is a big thing.
From what i understand the latest bidder failed last week and staff were made redundant and the administrator put a statement out saying he will liquidate the club. At this point i believe Marc Green (Who the administrator has a LEGAL duty to get the best deal for as he is the largest creditor. Not happy with it but the law is above me) has panicked as he knows he'll get squat from liquidation and has compromised.
I reckon Richardson may have been one of the bidders accepted by the RFL. Players are going at a rate of knots, so he has being pro-active, maybe already deemed acceptable by the RFL previously if he was one of the bidders in talks with the RFL previously, talked to the players so we don't lose anymore, brought the domain and setup the company and we are ready to go to start the new season. Unfortunately due to the size of the debt unless we had a sheikh prince buying us, a lot of the creditors were going to lose out. I don't like it, I don't agree with it. But it's not as if they were going to get a better deal from Liquidation.
The RFL's process is in response to the liquidation letter. The new season is fast approaching and if we were due to be liquidated, we need a board, kit, players, stadium agreement. Maybe their liquidation process is now Plan B.'"
It's the only scenario that makes any sense to me. Green says to Pettit, get me n with the guys who you turned down after the RFL accepted their bid and lets cut a deal so I get something back.
Also, will benefit all creditors, they will get more if this happens than liquidation, hope it comes right for them too
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| Interesting stipulation in the new bids piece nicely tucked away..... People of INFLUENCE must pass the fit and proper test. Apply this here and Green is well within rights to be a silent shareholder
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| Quote Mirfieldbull="Mirfieldbull"The guy from Halifax is getting his knickers in a twist isn't he
Strange people from there, don't think a 12 point deduction, loss of central funding and losing a good number of our best players is a punishment. We'd need to be hung drawn and quartered at the Shay to get our just desserts in some people's eyes'"
I've got a question, is Rick from Halifax able to ask a question without having a go at Bradford? So far he's had 3 attempts and failed miserably.
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| Quote Sensei-Bull="Sensei-Bull"I've got a question, is Rick from Halifax able to ask a question without having a go at Bradford? So far he's had 3 attempts and failed miserably.'"
Don't be ridiculous. The answer is clearly no.
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| Quote Scarey71="Scarey71"Interesting stipulation in the new bids piece nicely tucked away..... People of INFLUENCE must pass the fit and proper test. Apply this here and Green is well within rights to be a silent shareholder'"
Define "influence". Like I said it depends on whether his shareholding is enough to have any influence. If not then no big deal. If yes then no deal.
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| Quote Scarey71="Scarey71"Interesting stipulation in the new bids piece nicely tucked away..... People of INFLUENCE must pass the fit and proper test. Apply this here and Green is well within rights to be a silent shareholder'"
Depends the %age of shares he has against the biggest one. If he has say a third if the shares he's an influence, les than that, he's noise. Let's face it, there doesn't seem to be any previous link between Green and Richardson, so I don't see how he could have been in a strong negotiating position to demand a big share.
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| Quote KCNBABT="KCNBABT"What is going to transpire is that Gary pettit rejected a bid approved by the RFL, only then to have accepted one this 11th hour one from Green Thorne Richardson. With Green Duffy Thorne taking steps, behind the scenes, to stymie any other realistic options so that themselves are in a position to hold the RFL to ransom over accepting this new ownership. I fully expect the players who selfishly know all this to take action against me but at least the truth is out.'"
To be fair to the players you can't blame them if they feel this gives them the best option of maintaining an income at the contracted salary they had agreed previously. I am sure we would all do the same with families to provide for and bills to pay
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