Re: Bradford lying to fans again? : Sat Apr 07, 2012 4:29 pm  

Seth wrote:

This is probably my ignorance on the situation but, what happens if they raise the first 500k then fail to get up to the 1 million, will the people who contributed to the first half get their money returned or is it accounted for after the 9th?

I think we all know the answer to that one and I think that's why some of the more savvy Bulls fans are getting a bit twitchy about what happens now, its fairly obvious that being so close to the target, and assuming that the target of £500k was a genuine target in the first place, they are going to continue trading for a short while but where will the second tranche of £500k come from, or indeed is a second £500k required, for what, and over what time frame ?

IF the current business continues and then fails later on in the season and is reconstituted as another trading company, how much goodwill is going to be lost with the casual and floating supporters (and the last ten days suggests there are a lot of those) and how heavily will this cost the new company, its one thing to have your company fail from a cashflow problem but you always keep your eyes open for the escape route and destroying your customer trust is probably the worst thing you can do.

Re: Bradford lying to fans again? : Sat Apr 07, 2012 5:52 pm  

McLaren_Field wrote:

IF the current business continues and then fails later on in the season and is reconstituted as another trading company, how much goodwill is going to be lost with the casual and floating supporters (and the last ten days suggests there are a lot of those) and how heavily will this cost the new company, its one thing to have your company fail from a cashflow problem but you always keep your eyes open for the escape route and destroying your customer trust is probably the worst thing you can do.

Indeed.

A lot more damage will be done if the board cash in the pledges next week only for the club to limp along for a few more months then go bust, than if they were to announce on Tuesday morning that they hadn't been able to come up with enough to support the pledge total and call in the administrators then.

I can only assume that the further delay to the announcement is to give them more time to try and find that extra financial support they claim is necessary.

Re: Bradford lying to fans again? : Sat Apr 07, 2012 6:03 pm  

I can understand fans desperate to save their club i honestly can but pledging 500k and then another 500k is needed later this month would you seriously TRUST this regime with that amount of money??
Far too many un-answered questions and the blame seems to be everywhere except where it should be pointed to.

Re: Bradford lying to fans again? : Sat Apr 07, 2012 6:53 pm  

Wonder how many Bulls fans will be waking tomorrow expecting the Easter Bunny to have left choccy eggs?
Most of those who pledged I presume

Re: Bradford lying to fans again? : Sun Apr 08, 2012 8:00 am  

I heard tell that Kearsley has once again offered to take the club on again, but has once again stated that if he does he doesn't want ANY of the current board. Apparently, once again, the current board have politely refused his offer.
So have the board asked their majority shareholder for money? Yes.
Is their interest in the wellbeing of the club secondary to their own interest? Who's to say?

Re: Bradford lying to fans again? : Sun Apr 08, 2012 8:26 am  

loinertillidie wrote:

I heard tell that Kearsley has once again offered to take the club on again, but has once again stated that if he does he doesn't want ANY of the current board. Apparently, once again, the current board have politely refused his offer.
So have the board asked their majority shareholder for money? Yes.
Is their interest in the wellbeing of the club secondary to their own interest? Who's to say?

Don't you mean Caisley?

Re: Bradford lying to fans again? : Sun Apr 08, 2012 8:37 am  

rhinoholic wrote:

Don't you mean Caisley?

Yup. It's the day after the Dewsbury amateur derby. I am currently half blind, hung over and apparently stupid.

Which might not surprise some people.

Re: Bradford lying to fans again? : Sun Apr 08, 2012 1:18 pm  

As Friday was a bank holiday and banks wont take any action on the weekend and Monday is a bank holiday I dont understand why the original deadline was 5pm Friday, why not 9am Tuesday which would be the next business day. It would also give them and extra few days in which to raise the money.

Re: Bradford lying to fans again? : Sun Apr 08, 2012 5:41 pm  

jarvis12345 wrote:

As Friday was a bank holiday and banks wont take any action on the weekend and Monday is a bank holiday I dont understand why the original deadline was 5pm Friday.

It was obvious why. To stampede their 'fans' to Odsal and it worked...got their first 20,000 crowd in 7 years.

Re: Bradford lying to fans again? : Sun Apr 08, 2012 5:55 pm  

miscreant wrote:

It was obvious why. To stampede their 'fans' to Odsal and it worked...got their first 20,000 crowd in 7 years.

Correct, and it worked this time quite successfully but it's not a sustainable policy preying on people's emotions and bringing out the begging bowls. Goodwill can only stretch so far and mine's already been used up.