Re: Peter Hood says Bulls on brink of going bust. : Wed Mar 28, 2012 7:31 am  

debaser wrote:

So what do you propose? We let the club fold becuase we are too stubborn to help? Then what? Reform in division 2, with all the players gone, and with no hope of ever realistically making it out? That's what you are proposing.

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

You would have good times.

Re: Peter Hood says Bulls on brink of going bust. : Wed Mar 28, 2012 7:32 am  

debaser wrote:

So what do you propose? We let the club fold becuase we are too stubborn to help? Then what? Reform in division 2, with all the players gone, and with no hope of ever realistically making it out? That's what you are proposing.
I don't disagree with you, but in the SHORT TERM, we have to find this money. The way you want to do it, the club won't be here in Septemeber to issue another pledge, but at least if it survives now, there is tome to organise, to mobilise and to change things. As I said, I had major reservations about pledging, but I had to. In the end, I didn't see a realistic alternative.

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.

Re: Peter Hood says Bulls on brink of going bust. : Wed Mar 28, 2012 7:33 am  

debaser wrote:

So what do you propose? We let the club fold becuase we are too stubborn to help? Then what? Reform in division 2, with all the players gone, and with no hope of ever realistically making it out? That's what you are proposing.

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!

Re: Peter Hood says Bulls on brink of going bust. : Wed Mar 28, 2012 7:40 am  

isaac1 wrote:

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.

Re: Peter Hood says Bulls on brink of going bust. : Wed Mar 28, 2012 7:47 am  

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)

Re: Peter Hood says Bulls on brink of going bust. : Wed Mar 28, 2012 7:56 am  

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.

Re: Peter Hood says Bulls on brink of going bust. : Wed Mar 28, 2012 7:57 am  

Slugger McBatt wrote:

That's where we were last year. In the end, not bailing out the Board was the best thing that ever happened. The energy and drive of the new owner was a major factor in the successful franchise application, and a savvy buyer won't step in until you go into administration. Why take on a million pound debt when you can get the whole thing for peanuts?

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!

Re: Peter Hood says Bulls on brink of going bust. : Wed Mar 28, 2012 7:58 am  

debaser wrote:

So what do you propose? We let the club fold becuase we are too stubborn to help? Then what? Reform in division 2, with all the players gone, and with no hope of ever realistically making it out? That's what you are proposing.
I don't disagree with you, but in the SHORT TERM, we have to find this money. The way you want to do it, the club won't be here in Septemeber to issue another pledge, but at least if it survives now, there is tome to organise, to mobilise and to change things. As I said, I had major reservations about pledging, but I had to. In the end, I didn't see a realistic alternative.

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.

Re: Peter Hood says Bulls on brink of going bust. : Wed Mar 28, 2012 8:01 am  

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????

[Bullseye]

Re: Peter Hood says Bulls on brink of going bust. : Wed Mar 28, 2012 8:03 am  

vbfg wrote:

So far I have filled out the pledge form at least four times and then closed the window. I can't bring myself to do it, and I can't bring myself not to.

I have the money, and I have a little over a week to decide.

It's up to the club to convince me to do it. I want transparency, not a guilt trip, and I want it from someone who is not Hood. He might be a deft administrator for all I know but right now every sentence he utters in public has the inverted Midas touch to it. The words glitter but they're made from 5hit.

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!