Post subject: Re: How Bradford's situation affects the rest of Superleague
Posted: Tue Mar 27, 2012 1:33 pm
Mild Rover
Moderator
Joined: Jun 01 2007 Posts: 12672 Location: Leicestershire.
Marfa Manu wrote:We'll be right, if push comes to shove we can get the £1m loan from the Eygiptian
He already lets you play in his stadium, what more do you want?
'Thus I am tormented by my curiosity and humbled by my ignorance.' from History of an Old Bramin, The New York Mirror (A Weekly Journal Devoted to Literature and the Fine Arts), February 16th 1833.
Post subject: Re: How Bradford's situation affects the rest of Superleague
Posted: Tue Mar 27, 2012 1:38 pm
barham red
Player Coach
Joined: Jul 12 2007 Posts: 5410
He issue at bradford doesnt seem to be debt. its more a cash flow issue. The big problem with this is that administration wouldnt actually sort it out.
Post subject: Re: How Bradford's situation affects the rest of Superleague
Posted: Tue Mar 27, 2012 2:25 pm
LifeLongHKRFan
Player Coach
Joined: Dec 02 2009 Posts: 2150
It amazes me why anyone would pledge to this scheme without answers to a lot of questions such as :-
What circumstances brought them into using their overdraft for the rest of the season? How will this pledge money secure them financially for the future?
Also the state the club is in raises the question whether the current BoD are capable of running the club moving forward.
I for one would be absolutely gutted if this happened to Hull KR and would have to really have questions answered before I throw money at any sort of pledge.
Post subject: Re: How Bradford's situation affects the rest of Superleague
Posted: Tue Mar 27, 2012 2:58 pm
LifeLongHKRFan
Player Coach
Joined: Dec 02 2009 Posts: 2150
My first thought was how did Bradford get into this mess, followed by I hope they get out of it. One of the last things on my mind was 'Which players can we get our hands on?'
Shameful. It reminds me of a film I once saw where as soon as a guy died, people took his boots and valuables.
Post subject: Re: How Bradford's situation affects the rest of Superleague
Posted: Tue Mar 27, 2012 3:18 pm
Paul T - HKR
International Star
Joined: Aug 21 2011 Posts: 1326 Location: East Hull
Is it too much to ask the Bulls season passholders to trump up a £100 each?
The way I look at it, it sort of amounts to the saving they made on the cut price preseason offer rather than a 'pledge'. It has a Risdale ring to it! Yes, its a ruddy cheek but on the other hand it is a factor behind the clubs cashflow crisis.
I am sure the Bulls will be looking at reducing their overheads and the immediate cost heading is the salary cap; I can see them off-loading at least half a million pounds worth even if they raise the capital.
Post subject: Re: How Bradford's situation affects the rest of Superleague
Posted: Tue Mar 27, 2012 3:19 pm
Wildmoose
Player Coach
Joined: Dec 22 2007 Posts: 1421
Listening to Eddie Hemmings on Talk Sport he said the Revenue are chasing image rights payments & at the same time the bankers have helpfully decided they don't want to lend the Bulls any more money & have asked them to settle their existing overdraft. He did go on to say that they have no other creditors & a very sustainable business model if they can overcome this, they've just been left with no cash.
"I've been rich & I've been poor. Rich is better." DLR
Post subject: Re: How Bradford's situation affects the rest of Superleague
Posted: Tue Mar 27, 2012 3:24 pm
rover49
Player Coach
Joined: Mar 05 2007 Posts: 13190 Location: Hedon (sometimes), sometimes Premier Inn's
Wildmoose wrote:Listening to Eddie Hemmings on Talk Sport he said the Revenue are chasing image rights payments & at the same time the bankers have helpfully decided they don't want to lend the Bulls any more money & have asked them to settle their existing overdraft. He did go on to say that they have no other creditors & a very sustainable business model if they can overcome this, they've just been left with no cash.
Sounds like me three days after pay day
'when my life is over, the thing which will have given me greatest pride is that I was first to plunge into the sea, swimming freely underwater without any connection to the terrestrial world'
Post subject: Re: How Bradford's situation affects the rest of Superleague
Posted: Tue Mar 27, 2012 3:33 pm
Paul T - HKR
International Star
Joined: Aug 21 2011 Posts: 1326 Location: East Hull
I'm wondering if Rovers are one of the vultures hovering, considering the rumour I heard that 2 SL players could be joining us - subject to availability?
Post subject: Re: How Bradford's situation affects the rest of Superleague
Posted: Tue Mar 27, 2012 3:58 pm
fcimp
Club Coach
Joined: Apr 17 2005 Posts: 3469 Location: With Hull's only grade "A" SL club.
Paul T - HKR wrote:I'm wondering if Rovers are one of the vultures hovering, considering the rumour I heard that 2 SL players could be joining us - subject to availability?
Disgusting if true .......... should leave it to the big clubs who could give them a proper home.
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he said the Revenue are chasing image rights payments & at the same time the bankers have helpfully decided they don't want to lend the Bulls any more money & have asked them to settle their existing overdraft. He did go on to say that they have no other creditors & a very sustainable business model if they can overcome this, they've just been left with no cash.
