Bradford AGAIN (Merged threads)

[John Drake 5,036]

1 hour ago, Blind side johnny said:

A lot of people did John, many of whom are still waiting to get paid.

The only way any of them are going to get paid now is if the new owners salvage the existing club and honour its debts.

That's what should happen.

Those urging that it should be wound up, binned off, scrapped, shut down and all the rest, are showing no more concern for its current creditors than the people who ran up the debts in the first place.

[Oliver Clothesoff 2,690]

1 minute ago, John Drake said:

The only way any of them are going to get paid now is if the new owners salvage the existing club and honour its debts.

That's what should happen.

Those urging that it should be wound up, binned off, scrapped, shut down and all the rest, are showing no more concern for its current creditors than the people who ran up the debts in the first place.

Many businesses do what you’ve mentioned in your last paragraph. While not the most morally correct thing to do, it happens all the time. 

[John Drake 5,036]

1 minute ago, Oliver Clothesoff said:

Many businesses do what you’ve mentioned in your last paragraph. While not the most morally correct thing to do, it happens all the time. 

I know, but call me old fashioned, I'd like to see a time when the club I'm following is no longer regarded as a rogue trader, leaving a string of unpaid debts in its wake.

[Wolford6 1,686]

Rowan Milnes and Matthew Storton put up for sale; James Green, Ethan Ryan, Mattie Wildie, Jake Webster, Matt Garside and Ross Peltier  gone. We are now reportedly down to 12 senior players on contract.The new consortium won't make a positive takeover till Andrew Chalmers produces the current accounts. He's apparently out of the country.

https://www.thetelegraphandargus.co.uk/sport/17978138.bradford-bulls-buy-out-bid-waiting-accounts/

The club is a shambles. We've been here before but, this time, I fear the worst.

Merry Christmas, Mr Chalmers.

[The Blues Ox 796]

42 minutes ago, Wolford6 said:

Rowan Milnes and Matthew Storton put up for sale; James Green, Ethan Ryan, Mattie Wildie, Jake Webster, Matt Garside and Ross Peltier  gone. We are now reportedly down to 12 senior players on contract.The new consortium won't make a positive takeover till Andrew Chalmers produces the current accounts. He's apparently out of the country.

https://www.thetelegraphandargus.co.uk/sport/17978138.bradford-bulls-buy-out-bid-waiting-accounts/

The club is a shambles. We've been here before but, this time, I fear the worst.

Merry Christmas, Mr Chalmers.

2 More to leave if, as expected, Bradford lose their appeal over their contract terminations.

Its still hard to fathom why somebody would want to "buy" the Bulls in their current state.

[Denton Rovers RLFC 990]

20 hours ago, John Drake said:

The only way any of them are going to get paid now is if the new owners salvage the existing club and honour its debts.

That's what should happen.

Those urging that it should be wound up, binned off, scrapped, shut down and all the rest, are showing no more concern for its current creditors than the people who ran up the debts in the first place.

And what will be the outcome of doing that, create MORE debt, more people out of pocket, ruin more lives, the Bradford club have in essence become a Ponzi scheme, get people to put money in to pay existing debtors and give the impression that everything will be fine when ALL the evidence has proven that it won't be and more people will be worse off ... but at least the original debtors will be paid

Why can the existing debt not be paid by those that created the debt or people owed monies make claims directly against the previous owners/directors?

Edited October 18 by Denton Rovers RLFC

[paulwalker71 2,018]

1 hour ago, The Blues Ox said:

2 More to leave if, as expected, Bradford lose their appeal over their contract terminations.

Its still hard to fathom why somebody would want to "buy" the Bulls in their current state.

I'm just assuming the word 'buy' is a way of saying 'take over the club with existing debts'

[TIWIT 845]

49 minutes ago, paulwalker71 said:

I'm just assuming the word 'buy' is a way of saying 'take over the club with existing debts'

Given that it appears there will be few players left and an iffy stadium situation the debts are all that's left. Even the club's proud name is pretty much gone now.

[Mumby Magic 532]

feel weird that i'm not worried so long as debts are paid. I know people cant wait for money but think peltier has messed up there...………..

[The Future is League 2,071]

More questions than answers on the Chalmers and the RFL link. 

The RFL need to come clean and answer some questions.

1. Did the RFL ask Chalmers to take over at Bradford?

2. Is Chalmers just a front man for a person or person and if so why and who is the person or persons?

If no to both the above questions why was Chalmers allowed to take over at Bradford?

[The Blues Ox 796]

11 hours ago, Mumby Magic said:

feel weird that i'm not worried so long as debts are paid. I know people cant wait for money but think peltier has messed up there...………..

How come?

[The Blues Ox 796]

14 hours ago, paulwalker71 said:

I'm just assuming the word 'buy' is a way of saying 'take over the club with existing debts'

Yeah its all very strange, why would someone want to take over a club that is losing money plus already has massive debts over its head. There has to be something else that people are missing.

[cookey 981]

Anybody heard anything from Ralph? It's largely his mess again and as usual he is silent.

[The Future is League 2,071]

5 minutes ago, cookey said:

Anybody heard anything from Ralph? It's largely his mess again and as usual he is silent.

He needs to answer a lot of questions but wont.

[Mumby Magic 532]

1 hour ago, The Blues Ox said:

How come?

 

1 hour ago, The Blues Ox said:

How come?

With regards to Peltier? He did a piece about a week and a bit ago saying he's hanging tight as he loves the Bulls, he is a fan favourite, easily a good championship player and I know personally Halifax would have had him in a breath. No offence to Donny but surely a step down.

[Blind side johnny 5,019]

17 hours ago, Denton Rovers RLFC said:

And what will be the outcome of doing that, create MORE debt, more people out of pocket, ruin more lives, the Bradford club have in essence become a Ponzi scheme, get people to put money in to pay existing debtors and give the impression that everything will be fine when ALL the evidence has proven that it won't be and more people will be worse off ... but at least the original debtors will be paid

Why can the existing debt not be paid by those that created the debt or people owed monies make claims directly against the previous owners/directors?

It is a limited company, which means that provided that it has been run legally the limit of liability of the owners is the amount of share capital that has been put in. That is how all limited companies operate.

[Blind side johnny 5,019]

1 hour ago, Mumby Magic said:

 

With regards to Peltier? He did a piece about a week and a bit ago saying he's hanging tight as he loves the Bulls, he is a fan favourite, easily a good championship player and I know personally Halifax would have had him in a breath. No offence to Donny but surely a step down.

Maybe he likes to get paid every month?

[Hemi4561 107]

1 hour ago, Blind side johnny said:

Maybe he likes to get paid every month?

Is this the same lad who when he signed for them was quoted as saying that he would have played for them for free? 

 

[Denton Rovers RLFC 990]

2 hours ago, Blind side johnny said:

It is a limited company, which means that provided that it has been run legally the limit of liability of the owners is the amount of share capital that has been put in. That is how all limited companies operate.

Has the club been run legally? Continuing to create more debt, not paying those owed monies knowing full well there's no money to pay the debts and yet keep going creating an even bigger problem that affects more and more people and then shrugging shoulders, how is that remotely legal?

Just disgusting, as I've said a few times, the club should just die and the Bradford Northern/Bulls name cling on to whatever's left instead of making the memories of a once great club all about how they shafted hundreds of people leaving some of them out of pocket by thousands and shafted the fans and the sport of RL.

Just go away and die, have some respect for the sport ffs!

[Mumby Magic 532]

2 hours ago, Blind side johnny said:

Maybe he likes to get paid every month?

Saucy!

[RigbyLuger 55]

3 hours ago, Mumby Magic said:

 

With regards to Peltier? He did a piece about a week and a bit ago saying he's hanging tight as he loves the Bulls, he is a fan favourite, easily a good championship player and I know personally Halifax would have had him in a breath. No offence to Donny but surely a step down.

Players say things like that.

[redjonn 880]

On 17/10/2019 at 21:34, John Drake said:

I know, but call me old fashioned, I'd like to see a time when the club I'm following is no longer regarded as a rogue trader, leaving a string of unpaid debts in its wake.

Whilst I morally agree, what I can not fathom is how any business would not expect payment up front when dealing with a business that has the recent history of the Bradford club.  Surely no business has allowed large amounts of non payment or credit to build up - I scratch my head if a business has.

 

Edited October 19 by redjonn

[Les Tonks Sidestep 1,318]

6 minutes ago, redjonn said:

Whilst I morally agree, what I can not fathom is how any business would not expect payment up front when dealing with a business that has the recent history of the Bradford club.  Surely no business has allowed large amounts of non payment or credit to build up - I scratch my head if a business has.

 

Reading stuff elsewhere, it sounds as though some stung before (may) have been stung again...........

[Oliver Clothesoff 2,690]

3 hours ago, Hemi4561 said:

Is this the same lad who when he signed for them was quoted as saying that he would have played for them for free? 

 

You know that circumstances can change, don’t you?

[paulwalker71 2,018]

26 minutes ago, Oliver Clothesoff said:

You know that circumstances can change, don’t you?

Clearly 'I would play for nothing' was more a figure of speech, a sign of his obvious passion for the club - rather than a definite offer! 

Even a club as dysfunctional as ours wouldn't expect people to play for nothing!

Ross has just become a dad, so I'm sure the finances matter more now than ever. Good luck to him - he's always given 100% for our club.