Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 1:49 pm  

RickyF1 wrote:

Dane and Omari, just been Tweeting. Guessing they haven't heard anything from there tweets.

Considering the players and staff heard about the administration as and when it was announced on the Bulls website and social media, they'll likely find out at the same time as the rest of us.

Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 1:56 pm  

I find this statement from the government very telling in why the RFL are being so cautious

"there will be a requirement for all bodies in receipt of public funding, including the RFL, to agree to a new code for sports governance. The new ​sports governance code will come into force from the next funding cycle in April 2017. Organisations will be required to have strong leadership in place, with the right checks and balances to minimise the likelihood of financial and integrity issues arising."

A strong show of force by the RFL in the case of the Bulls will send a clear message to those that hold the government purse strings that they are a governing body to be trusted with tax payers money.

Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 1:57 pm  

HamsterChops wrote:

Considering the players and staff heard about the administration as and when it was announced on the Bulls website and social media, they'll likely find out at the same time as the rest of us.

You maybe right, but i would of guess that the administrator would call them in for a meeting, as the RFL would be there too as they have the welfare of the players to think about.

I'm usually wrong though. So who knows.

Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 1:58 pm  

DemonUK wrote:

Well according to reports they must be willing to discuss it as it is alleged a meeting is happening. The supposed buyer will be trying to get the lease for next to nothing (initially) at a guess. Why is it so important to the buyer that he also has the lease? Is that imperative to the saving of the club, personally I think not. Maybe he/she doesn't care as much as you thought about the club. Why would they want to shell out 1.25M when just paying the rent would be far far cheaper.....and the club is saved. A simplistic view maybe, but an opinion that is all. I am not aware of what can or cannot be done in and around the ground. Certainly nothing has been done that has increased its net worth to the Bulls in the last 20/30 years.

guess you haven't noticed the hospitality stand at one end of ground, built in 2002 iirc that certainly provides plenty of net income to bulls.

Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 2:03 pm  

Latest Tweet from Omari Caro https://twitter.com/Omaricaro/status/811203995524091904

Latest Tweet from Omari Caro https://twitter.com/Omaricaro/status/811203995524091904

Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 2:05 pm  

You have to ask yourself why holding the lease is of such importance to this bidder. If he/she really gave a stuff about the club they would be willing to take the club over now regardless- pay the rent for a couple of years and when theyve shown clear intent to RL then approach the RFL to buy the lease.
Face it whoever it is doesn't give two stuffs about RL in Bradford they just want to get their hands on the assets-when they have those and they've been squeezed..... then what happens to the Bulls????

Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 2:07 pm  

On twitter - Heard from a good friend of mine who works at look north they have been called to a press conference at 3 up at odsal.

[Bullseye]

Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 2:07 pm  

paulwalker71 wrote: Latest Tweet from Omari Caro https://twitter.com/Omaricaro/status/811203995524091904 Well that doesn't look good.

paulwalker71 wrote: Latest Tweet from Omari Caro https://twitter.com/Omaricaro/status/811203995524091904 Well that doesn't look good.

Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 2:09 pm  

Edit

Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 2:10 pm  

el red wrote:

I find this statement from the government very telling in why the RFL are being so cautious

"there will be a requirement for all bodies in receipt of public funding, including the RFL, to agree to a new code for sports governance. The new ​sports governance code will come into force from the next funding cycle in April 2017. Organisations will be required to have strong leadership in place, with the right checks and balances to minimise the likelihood of financial and integrity issues arising."

A strong show of force by the RFL in the case of the Bulls will send a clear message to those that hold the government purse strings that they are a governing body to be trusted with tax payers money.

That's a charitable view of their actions I suppose. The alternative view is that as soon as the RFL took on the lease, they immediately took on a conflict of interest which has had the potential to skew every action they have taken regarding the Bulls.
That conflict of interest is a permanent increased risk to their integrity for as long as they hold the lease. I would suggest that has been pointed out to the relevant government departments as well.
Rock & a hard place spring to mind. And all of their own making... Cos no-one forced them to take on the lease, did they?