Derwent

Coach
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About Derwent

  • Birthday 12/26/1967
  1. I know mate it wasn't a criticism
  2. You have to laugh at Lowe's comment that "financial sense isn't as important as the will to succeed" when a journo asked him about the club's spending plans !
  3. I see Bradford have somehow managed to sign 26 players since Monday !
  4. I'd suggest the consequences of a bad deal will be far more catastrophic than those of no deal. If it goes wrong this time then I suspect there'd be no way back for the game in Bradford. No deal would have given preparation time and the chance to rebrand and build some momentum towards a relaunch. We'll just have to see what happens before a proper judgement can be made.
  5. There's an old adage that applies here - no deal is better than a bad deal.
  6. Hi Adey I read it in the below linked article where the RFL confirmed at their press conference this morning that they had bought the assets of the old club. They also said putting Bradford in the Championship was the least worst option. https://www.theguardian.com/sport/2017/jan/19/rugby-football-league-bradford-bulls-championship
  7. I might be a bit behind here but why have the RFL purchased the assets of the old club from the administrator ? Surely if the new owners wanted them then they should have bought them ?
  8. Hate to break this to you but if you finish in the bottom 2 you are relegated, simple as that, no second chances, no play off against a L1 team.
  9. Good signing, hope the others in the pipeline are of similar quality. Well done to all involved.
  10. You're a journo aren't you ? Do some digging !
  11. You could but by all accounts he has had nothing to do with running the business for quite some time and wasn't a director, he simply retained a shareholding. I'm no fan of his by any means but criticising the bloke for making a profit on a business he started 20 years ago is quite frankly a bit pathetic even for this forum.
  12. Are you suggesting there's anything wrong with him selling his business ?
  13. Rumours abound that Chalmers has pulled out due to HMRC demanding a large security deposit against future tax liabilities, as is their right (powers given to them in 2015) when a person in control has a track record of defaulting on tax payments and has had several business failures. Hopefully it's just rumour and there's no truth in it.
  14. Doesn't quite work like that. The salary cap only counts payments to players but does not cover actual cost of employment. So if you're spending the full cap then while that is covered by the Sky money the add ons aren't. For example, a salary spend of £1.8m on players means you have to pay another ~£250k out on employers national insurance payments.
  15. If the administrator is appointed by the directors/shareholders rather than 3rd party creditors then the administrator can actually petition the shareholders for the difference between his fees and the realised value of the assets.