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| International Chairman | 18072 | No
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| Feb 2002 | 23 years | |
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| Feb 2025 | Feb 2025 | LINK |
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| Quote Homer Simpson="Homer Simpson"I have a brilliant idea
Lets write to all the Bulls fans, tell them the club is in need of cash and needs the raise say £500,000 by a certain date. Ask them to pledge funds and then watch it all go down the drain. Do not give them any shares in the club, but let the club use it to pay off debts. Then again, I think they have used this idea before to no avail.'"
It got Peter Hood out of a personal hole though!! |
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| Player Coach | 2466 | No
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| Sep 2008 | 16 years | |
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| Feb 2025 | Sep 2024 | LINK |
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| Quote Sal Paradise="Sal Paradise"It got Peter Hood out of a personal hole though!!'"
Yes it did |
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| International Star | 791 | No
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| Jun 2011 | 14 years | |
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| Jun 2022 | Jun 2022 | LINK |
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This is just complete conjecture as I haven't really looked into it, but in general, there is a lot of money in rugby in the south of France. Maybe there is an opportunity for tolouse to enter super league. With the (what I would call) success of Catalans, potentially tolouse could progress similarly and replace London?
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| Club Owner | 33944 | No
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| Mar 2004 | 21 years | |
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| Mar 2016 | Mar 2016 | LINK |
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| Quote JWarriors="JWarriors"This is just complete conjecture as I haven't really looked into it, but in general, there is a lot of money in rugby in the south of France. Maybe there is an opportunity for tolouse to enter super league. With the (what I would call) success of Catalans, potentially tolouse could progress similarly and replace London?'"
Good idea, it worked really well when they couldnt compete in the Championship |
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| International Board Member | 28186 | No
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| Apr 2003 | 22 years | |
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| Aug 2016 | Aug 2016 | LINK |
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So when Khan and Sutcliffe tethered their combined business brains to the Bulls bandwagon, they were deep in the hole with unfathomable, unserviceable debts. They appointed Whitcut, who was so stupid he "forgot" that a tax bill was coming due and almost got them wound up.
Good to see things have really moved on since then.
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| International Chairman | 32302 | No
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| Feb 2002 | 23 years | |
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| Nov 2018 | Oct 2016 | LINK |
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| Quote Andy Gilder="Andy Gilder"The RFL advanced a quarter of a million to pay wages while the Bulls were in administration, but IIRC the loss of central funding was insisted on by the other SL clubs as a condition of allowing the Bulls to remain in SL rather than relegating them.
Allowing them to continue on an equal footing to everyone else once their debts had been cleared by a CVA was considered unfair by the other clubs.'" The whole purpose of Insolvency legislation is to afford protection to the insolvent party and allow them to exit with a fresh start. If the halving of funding was to reclaim a loan that would be a preference.
If it was a condition to let them stay in Super League the logic still remains very questionable given the inevitable situation that hamstring has led to. |
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| International Board Member | 28186 | No
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| Apr 2003 | 22 years | |
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The Bulls themselves had a choice G1, they could have relinquished their SL licence and bust the business, starting again in Championship One.
They opted to take the reduction in central funding in order to stay in SL and avoid being relegated. Presumably they will have done so in the knowledge that it would lead to belts having to be tighten.
Clearly, they weren't tightened far enough for whatever reason. From the noises coming out, it seems the internal governance and management processes at the Bulls left a lot to be desired.
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| International Chairman | 32302 | No
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I don't doubt the Bulls have continued to be mis managed, However, I wonder what the rationale behind the decision was to let them back in with half funding. Was it punishment? Just seems petty. Can't see the logic.
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| International Chairman | 18072 | No
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| Feb 2002 | 23 years | |
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| [list[/list:u Quote G1="G1"The whole purpose of Insolvency legislation is to afford protection to the insolvent party and allow them to exit with a fresh start. If the halving of funding was to reclaim a loan that would be a preference.
If it was a condition to let them stay in Super League the logic still remains very questionable given the inevitable situation that hamstring has led to.'"
The purpose of insolvency legislation is to keep the parasites in "Business Recovery" in BMW's and fine dining. One group of people it doesn't help is the very people it should i.e. the creditors!! |
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| Rank | Posts | Team |
| International Chairman | 18072 | No
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| Feb 2002 | 23 years | |
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| Quote Andy Gilder="Andy Gilder"So when Khan and Sutcliffe tethered their combined business brains to the Bulls bandwagon, they were deep in the hole with unfathomable, unserviceable debts. They appointed Whitcut, who was so stupid he "forgot" that a tax bill was coming due and almost got them wound up.
Good to see things have really moved on since then.'"
I would be amazed if the Bulls had a tax bill - unless it was for PAYE or VAT?
More likely they would have tax losses they could sell? |
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| International Chairman | 32302 | No
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| Feb 2002 | 23 years | |
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| Nov 2018 | Oct 2016 | LINK |
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| Quote Sal Paradise="Sal Paradise"[list[/list:uThe purpose of insolvency legislation is to keep the parasites in "Business Recovery" in BMW's and fine dining. One group of people it doesn't help is the very people it should i.e. the creditors!!'"
It's no the purpose, it's a side effect, but not the purpose. |
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