Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 8:05 am  

Adey you need to get this in T & A to counter some of the rubbish being posted there. You seem to have the confidence of most loyal posters on here, your opinion is valued and you have worked tirelessly to get at the facts. Get these facts into T & A headlines now before its too late. We have ONE CHANCE only to save our Club and we must not miss it.

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 8:06 am  

Thanks to Adey and the Bullbuilder team for persisting with this, and getting at least some answers.

Whilst I still think there are lots of the ways this could have been better handled, I'm convinced enough to now commit my pledge.

As has been said, it might be a crap option, but its basically the only option.

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 8:09 am  

M@islebugs wrote:

I'm extremely surprised by that. Did the meeteing reveal the following,

Has there been a meeting of the shareholders?
Does the confidential information Ryan spoke of include a valuation of the club?
Does Hood have the capacity to negotiate the sale of a majority shareholding? (ie 50+%)

Why should you be surprised?

Yes, the whole question of the shareholdings was discussed, and at length. The board is fully aware of the massive hindrance the current structure poses. They pointed out that about half a dozen people bother to attend the AGMs, and the average age is apparently 83 - and I believe that was not a joke. So we have a very active shareholder base, as you can see?

Some of what was discussed cannot go on here. If it could, I suspect a few of the negative views towards the BOD would need revisiting, but I appreciate I can hardly urge that without putting up the detail.

Hood cannot speak for anything beyond the Board's 25%.

If the shareholders ever felt they could have done a better job they could have convened an EGM and sacked the BOD. That they have never done so rather suggests to me that they either cannot see a better alternative, or one at least is sat waiting ready for if/when the BOD fails.

An insolvent business has no value for the shareholders.

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 8:12 am  

tackler thommo wrote:

Adey you need to get this in T & A to counter some of the rubbish being posted there. You seem to have the confidence of most loyal posters on here, your opinion is valued and you have worked tirelessly to get at the facts. Get these facts into T & A headlines now before its too late. We have ONE CHANCE only to save our Club and we must not miss it.

You'll get nowhere trying to reason with some of the vermin who ruin that forum, mate.

Bullbuilder press release imminent. Bear in mind it can't address all the issues, just talk in more overall terms.

But yes, we have one chance now IMO.

Today.

Carpe Diem.

[Bullseye]

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 8:15 am  

What a sorry state of affairs. I can only hope we avoid oblivion and really learn some lessons, particularly in communicating with supporters and being more savvy with banks, legal issues and dealing with the governing body. Then maybe we won't get any more nasty surprises.

Thanks to all from Bullbuilder who put questions last night.

I suspect the nature of the shareholders meant an EGM was never on the cards. Perhaps if we have a long term we could look at ways to address this issue?

In the meantime I hope the pledge works. The club still have a lot of doubters to persuade and that could be the difference. What are they doing to address this issue in these last few days?

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 8:22 am  

They ARE looking at ways to address the shareholding issue, for the longer term. They know it is unsustainable, and it does their heads in as much as it does ours.

[Bullseye]

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 8:25 am  

Can we expect a decent press release from the club re pledging and someone going on the radio before Friday? It's a must IMO...

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 8:26 am  

Incidentally, we were not exactly a compliant bunch last night. Some of the exchanges were robust, an I can tell you that I told Peter on at least one occasion, regarding a specific, that he was just plain wrong. And pretty assertively, because he was. And yes we agreed then that how he had expressed it WAS wrong. The underlying message was right; the delivery was not.

THAT I think is at the core of a lot of the recent mistrust of the BOD. How it has been delivered, not the underlying message.

Caisley had the same problem, and in spades, so its nothing new.

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 8:27 am  

Bullseye wrote:

Can we expect a decent press release from the club re pledging and someone going on the radio before Friday? It's a must IMO...

We told them, and we told them, and we told them...

I told Ryan last Friday they had to.

I sincerely hope they do.

Re: Peter Hood says Bulls on brink of going bust. : Wed Apr 04, 2012 8:44 am  

Adey, big thanks for the info and well done to all at Bullbuilder for the efforts involved.

I know the BOD said they have been "very disappointed" with local businesses, have the board had any joy at all from the larger, obvious businesses with presence in Bradford? Like the Supermarkets, Morrisons etc? And have we just been asking for donations or are we actively offering something in return like free advertising space in exchange for a donation? We have acres of space on the site we could redirect to advertising if needs be surely?

Is there any milage in giving away stadium/stand naming rights for a suitable donation? The last time the naming rights were sold we got 500k for 4 years. I know its different economic times, but would a company take say 10 years of advertising for just 100-200k? (it doesnt matter how long we give it away for if we're not going to be here in a month!) The Red Bull stadium? The Morrisons arena? Have we been cold calling these companies with these type of offers?

Thanks again for giving your time to this Adey and others.