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

Maybe the board will take their cut before going bust.
Nice litttle earner for the out going board there.

Re: Bradford lying to fans again? : Sun Apr 08, 2012 9:18 pm  

chapylad wrote:

Maybe the board will take their cut before going bust.
Nice litttle earner for the out going board there.

says on twitter they have reached £500000 and a full report about it in rl express tomorrow

Re: Bradford lying to fans again? : Sun Apr 08, 2012 10:04 pm  

HAILESY wrote:

says on twitter they have reached £500000 and a full report about it in rl express tomorrow

That`s good news.
What will happen if they don`t get the next 500k?
Do the Board get a pay out or does the inland revenue, bank or SL get it?

Re: Bradford lying to fans again? : Mon Apr 09, 2012 9:46 am  

Todays T and A reporting that the debt is now £1.2 million...they are losing £100k a month..what a mess.

Re: Bradford lying to fans again? : Mon Apr 09, 2012 10:38 am  

Cue the feeding frenzy to commence to raise the remaining £500k. Could it be that GH has already done a deal with Hood to take one of their young players, hence the transfer of Pitts.

If they sell Bateman, Whitehead, Kopczak and L'Estrange could clear rest of debt and their wages off the balance sheet, at least they would have a club left. Go into administration all up for grabs.

Re: Bradford lying to fans again? : Wed Apr 11, 2012 9:53 am  

Some folk on here wondered wher the money raised would go, well here's the answer: http://www.sportinglife.com/rugbyleague ... ml&BID=480 To the taxman & the players. Everybody happy?

Some folk on here wondered wher the money raised would go, well here's the answer: http://www.sportinglife.com/rugbyleague ... ml&BID=480 To the taxman & the players. Everybody happy?

Re: Bradford lying to fans again? : Wed Apr 11, 2012 10:48 am  

We can address a couple of the short term liabilities, particularly players and staff salaries and a tax bill,

Presumably Mr Hood and other directors fall into the "and staff" category?

Will that please those who pledged their hard earned?

[SouthStander.com]

Re: Bradford lying to fans again? : Wed Apr 11, 2012 10:51 am  

G1 wrote:

Presumably Mr Hood and other directors fall into the "and staff" category?

Will that please those who pledged their hard earned?

Methinks people have been taken for mugs.

Re: Bradford lying to fans again? : Wed Apr 11, 2012 10:55 am  

Surely there can't be many who've pledged who didn't consider the potential pitfalls.

Re: Bradford lying to fans again? : Wed Apr 11, 2012 11:34 am  

How much of the £506k raised is down to pledges?
If for instance it is in the region of £400k and I read somewhere that you can expect to recover 80% of pledges made.
That means they might only get £320k which would still leave them short of around £74k.
How does that stack up or are they hopeful they will receive the full round of pledges?