Why would you never make it out?
With the fan base you would have. Money would be no problem.

You would have good times.

It won't fold. It will enter administration. An administrator will sell the club to someone who can run it properly. Who? I hear you shout. Nobody will come out of the woodwork until we're in administration because until then the club is not for sale. Only administration will clear the board and the shareholding out of the club. The alternative is further years of decline and then administration. We are between a rock and a very hard place. The truth is that there aren't alternatives to administration, there are only long painful delays.

Yep, just that, the club is the fans and the community. When times are toughest you find out who the strong willed peope are. Hood is a liar. Simple as. How dare he line RAz Duckett up and put him on TV and radio to beg on his behalf. the board have uncategorically lied and been incompetant. Until I saw the statement from RBS, I was wavering, thinkning we'd been unlucky. BUt no, we continue to rob Peter to pay PAul.

we need to emerge out of this with 1, a club and 2, dignity.

Pledge after pledge is coming form Hood and co, each time taking the mick. even the numbers of employees etc... was misleading.

Start up again, even if it is in champ 1 and run it properly. It may take some time to restore the club to its former glories, but one things for sure, I'd rather have dignity and pride in champ 1, than be a laughing stock in SL!

Well said that man.

Well perhaps people should look at the RFL decision in the light it was taken, seeing as Steve Parkins name has now cropped up as a potential investor, a name no one was happy with before the RFL took over lease of Odsal. Calling Peter Hood a liar is emotive and without any actual proof. The Club may belongs to the Fans but the business doesn't, remember Peter Hood has always said its a Franchise Name and could be sold accordingly, this he could do but as he still is a Bulls fan wouldn't, hence plan A (ironic as we always complained there was never a plan B)

The more I read of this thread, the more I first admire the passion of so many people who are prepared to stump up the cash to save the club, but the more I then feel genuine anger that it seems to me that the chancer in charge of the clubs is using that passion to fleece you all. I hope I'm wrong.

I still think you could go into administration and still get a franchise next time if the new club was trading well. I think Hood and Co are trying to get the fans to save their business interests, not the club.

Hopefully I'm wrong. One way or another I hope (and think) the Bulls will survive. I just think this pledge idea stinks to high heaven.

are you sure slugger , this is taken from another forum

Re: Interesting stuff from RW
by Gloria » Wed Mar 28, 2012 8:19 am

Some serious rumours coming out that Wakefield players are a month behind with wages!

But what if it doesn't work?

What if the club raises £500k from the fans, but cant find the extra £500k that the Board says is needed, stumbles on and then goes bust at the end of the season?

The £500k would effectively have gone to RBS, HMRC, npower (or whoever) and the other credtors. I wouldnt begrudge the tiny portion of my £100 that went to pay the wage arrears but apart from that I'd be fairly peeved.

And if it doesnt work, what are the chances that the fans will dip into their pockets again to find another £500k to launch a new club? Might it not be better if we held on to our £100 now and use it later to start afresh? I'd happily pay a lot more than £100 in those circumstances.

I expect that if the fans do find the £500k it will be much easier for the Board to sell the club as a going concern. But until we know who would want to buy it, and more importantly why, that might be a case of jumping out of the frying pan and into the fire.

500K now to form a supporrters trust with clout, rather than plug holes in a sinking ship, would give a great foundation of a reformed club. how many of us could give again in 3,6,12 months????

I'm in the same place too.

Listening to the fans from Wakey I do wonder if admin might be the way to go. We need a fresh start and maybe admin is the only way to get it?

Back in the mid 80s the T&A ran a series called "The Shame of Odsal" and then chairman Jack Bates said the club were 48hrs from closure. The club was run like a private members club. There were appeals to the fans to come to games to increase attendances but the feeling was that they wanted our money but they didn't want us. There are a lot of paralells with the situation now.

Now we have club officials talking about "the people's team" and appealing for money based on the promise of a "business plan going forward" whatever that means.

For the past 6 years we've been treated like mushrooms by the board (kept in the dark) Despite many assurances and carefully worded replies to questions at fans fora it appears the club have never really been honest about how strapped for cash we actually are. One minute we're told Odsal is a drain on resources, the next it's never been a problem. Now we're up the creek I think the club need to be honest. Let's see the business plan published and see if it stacks up.

Personally I'd be more likely to stump up (and with more cash) if it were for shares. As it is I'm really torn. I want what's best for the club long term, after 32 years of going to Odsal I don't know what I'd do without it. But I simply don't have confidence in the current board. Going into Admin seems to be a gamble and I'm no gambler....

As you can see I'm no further forward!

What a load of CRAP

If the current Bulls organisation manage to raise the funds to pay April's bills, where does that leave us in May, June etc.. and going forward?

BY November / December we will be in the same mess that led us to go cap in hand to the RFL in the first place.

STop the rot now! Let the company as it is now, fold. They tell us theres no debt other than the overdraft (Not sure I believe them!) so will I lose sleep over RBS being a few hundred grand down? NO!

The RFL wont bail this lot out, but I'd bet that they would support, in expertise and financially, a new company that has no involvemnet from the current lot. I am sure in the past theyve even placed directors on boards where clubs have been struggling!

They have, quite directly, by accepting Odsal's lease to cover a loan, secured Rugby League in Bradford. If we folded and the lease was held by the club, the council would sell it off to raise funds, as they are strapped too!

RBS simply saw the club as a bad risk. In todays climate, a company need to be honest with their bankers. we were not.

Hood and the board are to blame. They have been dishonest. An overdraft is a debt. selling Odsal's lease did not make us debt free. we were operating on cash that was not ours! if we were debt free, we would not have an overdraft!

I hope those of you pledging understand that the 500K that may be raised only secures the club in the very short term. Even hood has said they would need between 3-500K more to get to the end of the year. Then what?

We need to listen to the fans whose clubs have been through similar experiences. The wakefield fan (Plastic armadillo??? has been there and we can learn from their experiences. We need to remove the emotion ( to quote MAtthew Elliot) and look at things logically.

A club is based on trust, and I for one, have none in Peter Hood. He has failed at every level and accepts no responsability. He would rather blame everyone else rather than be honest. sometimes in life you have to hold up your hands and say I tried, but I failed. Hood seems incapable of doing this!