Greg Florimos Boots wrote:Pretty much every post that has gone out he has been posting the link for donations. I'd love to know his overall thoughts on the whole situation, as faxcar says he is more than aware of some of the stuff that went on at Bradford so I am a little bit surprised he is encouraging people to hand over money to what seemingly looks like a lost cause and I wonder if he has any faith in the people running the club to do the right thing with the money donated. Maybe it turns out they hold the money back that has been donated but who knows.

Just on the sponsors going bust thing, it is rare that a sponsor would be signed up without either paying the money up front or at least in installments for the sponsorship so its unlikley the club lost fully out on these deals but if they did then again it is really poor due dilligence and management. They talk like a new deal that was missed out on has had a great effect but that really should not be taken in to consideration until the deal is over the line. The 100k deal and talk of it been for shirt sponsorships is just pie in the sky stuff.

Listenup94 wrote:I can’t believe that savvy businessmen have allowed us to get into this mess as supposed custodians of the club . Something feels off to me , call it gut instinct but it all feels manufactured .

Listenup94 wrote:DPF has failed on the car so trying to sort that so can’t make it today .

I’ve done a bit more digging ( inadvertently) but ultimately it’s seems the club is split into to two trains of thought .

The club are deliberately going to let the club go bust and start fresh with new investment.

The directors don’t want the club to go bust because they’ll lose their own personal investment.

The investment/creditors are strongly rumoured to be the fraine bros , but I don’t know how much involvement they have now or in the future.

Listenup94 wrote:The directors don’t want the club to go bust because they’ll lose their own personal investment.
.

MP wrote:Who are the Fraine brothers?

Listenup94 wrote:We know them as orox, they both have multiple businesses.

I think Mike is the wealthiest , he was a director at r and r ice cream who was bought out by froneri ice cream where he his a director, not sure if he’s a shareholder or not but doubt it ( might be more tony fax’s’ department with companies house etc )
He also has something to do with worthingshaws ltd and him and Kirsty henshaw ( who was on dragons den ) are both listed as persons with significant control .

Andrew is part of gb total solutions who are based in west vale and may have other small businesses.

I heard they gifted the cost of the kits through their brand orox.

I think but I’m not sure that Ian uttley ( Stagefreight man ) is friends with them through cricketing connections.

Tony Fax wrote:Mike isn't a shareholder as Froneri is a wholly owned subsidiary of another UK company which in turn is owned by a parent a Luxembourg company. But interesting nevertheless, Froneri is a huge group covering Europe with the company Mike is a director of having net assets of over £90 million and the UK parent over £2 billion. I'm guessing Mike must be worth a bob or 2!

Tony Fax wrote:I would have thought they have't a hope of getting their investment back anyway! Just hope the donations aren't used for recouping any investments.

Tony Fax wrote:I still think the best option is to bite the bullet and go into administration now.