Presumably Mr Hood and other directors fall into the "and staff" category?



Will that please those who pledged their hard earned?

Methinks people have been taken for mugs.

Surely there can't be many who've pledged who didn't consider the potential pitfalls.

How much of the £506k raised is down to pledges?

If for instance it is in the region of £400k and I read somewhere that you can expect to recover 80% of pledges made.

That means they might only get £320k which would still leave them short of around £74k.

How does that stack up or are they hopeful they will receive the full round of pledges?

There's money to be made in Bradford.

Once I've drafted details of my 'Pyramid Get Rich Plan' I'm going to post in over on the 'Redamberandgullible' forum, sit back and watch the money roll in

IIRC doesn't that £500k "pledged" include the gate money from the Leeds game, plus all the money raised so far by auctions etc? So only a relatively small percentage of that will be cash pledges that they now have to chase up.



Anyone with access to Companies House records able to see how much the Bulls declared as directors remuneration in their last filed accounts? I'd hate to think - as G1 suggests - that the directors salaries are being paid off as part of this first tranche of "liabilities".

BAN THIS FILTH





[size=85(I'm 37 years old and still amused that Bradford's local rag is called the T&A)[/size

AFAIK none of the directors get any remuneration at all. But I could be wrong.

One could argue that they are being paid what they're worth.

The long-term issue isn't getting rid of the liabilities they have right now, its the sustainability of the business moving forward. If they owe money they can't pay, it doesn't matter whether its £1m or £10m - they need to raise the money to pay it or go bust.



What concerns me is whether once they have received the £1m are they solvent on an ongoing basis?

If they ARE Losing 100k a month, I'd say no, not as it stands.