8 replies to this topic

[fredm]

I see that the person who has just conducted a review of the Bulls finances says that they budgeted.........





to lose...............



£1.2 million this year!!!!!!!!!!!!



The mind boggles!!!!!

[blackhawk]

I see that the person who has just conducted a review of the Bulls finances says that they budgeted.........





to lose...............



£1.2 million this year!!!!!!!!!!!!



The mind boggles!!!!!

nothing surprises me these days

[RogerT]

Thats easy to say now, what a load of Bull S**t.

[BatleyFanAndy]

How much did they get for the stadium? The sale may have come around after they realised the budget was FUBAR?

[Blind side johnny]

How much did they get for the stadium? The sale may have come around after they realised the budget was FUBAR?

£1.2M of which they already owed the RFL £800K, so £400K nett and the loss of their banking credit.

Good call!!

[Ackroman]

£1.2M of which they already owed the RFL £800K, so £400K nett and the loss of their banking credit.

Good call!!

And they didn't think that VAT applied as well. A cool £240K.

[Blind side johnny]

£1.2M of which they already owed the RFL £800K, so £400K nett and the loss of their banking credit.

Good call!!

Of course that was for the remainder of the stadium lease, not the stadium itself which is still owned by Bradford Corporation.

[Pride & Heritage]

I read in the T&A, that Bradford's wage bill is currently £200k per month, never mind the debt and interest and other costs, wages alone are £200k per month. I was under the impression that regardless of how much a club has coming in, they could not spend more than the SL salary cap of £1.8 million per season.

200k per month x 12 months per year = £2.4 million.

So how on earth can they be spending another £600k a year on wages, especially given the number of sub-standard journeymen on there books?

It also raises the question, if Bradford are spending £200k per month on wages and breaking the cap, then how on earth are Wigan, Leeds and Warrington paying the numerous current internationals they have, and spend less than Bradford?

Something within the game smells fishier than Grimsby docks on a hot summer's day.

Edited by Pride & Heritage, 23 June 2012 - 05:47 PM.

[S.T.R]

I read in the T&A, that Bradford's wage bill is currently £200k per month, never mind the debt and interest and other costs, wages alone are £200k per month. I was under the impression that regardless of how much a club has coming in, they could not spend more than the SL salary cap of £1.8 million per season.

200k per month x 12 months per year = £2.4 million.

So how on earth can they be spending another £600k a year on wages, especially given the number of sub-standard journeymen on there books?

It also raises the question, if Bradford are spending £200k per month on wages and breaking the cap, then how on earth are Wigan, Leeds and Warrington paying the numerous current internationals they have, and spend less than Bradford?

Something within the game smells fishier than Grimsby docks on a hot summer's day.

the season is 9 months 9x £200000 = £1800000