Well if Rahic has made all the mistakes Lawn made, he's certainly done it a lot quicker and in a more condensed fashion.
Also, Lawn's job was to ARREST a decline, he didn't actually start one. Rahic was arrested season-upon-season progression and not even gradually - the more things have become Edin-ified, the faster we've plummeted.
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JonButterfield Star PlayerQatar 2022 Entrant P.L.22/23 Entrant P.L.23/24 EntrantWakefield Bantam, CT Bantam, thebantamhaslanded and 11 others like this.
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So he should, selling the club to two cranks.
Bustabantam, Jay, Silverbantam and 8 others like this. -
The more important issue in the context of whether the owners have used the club in some undefined way to raise their finance is that significant transactions between the company and its owners have to be included as notes to the accounts. If for example Rupp had loaned the club a million or two, that would be recorded in the balance sheet (as any loan would be) and additionally as a note to the accounts because it involves one of the owners. And it works equally in reverse. In addition to these notes, anybody daft enough to loan money to the club would have registered what's known as a 'charge' at Companies House for the value of the loan. That's what ML did when he loaned the club his £1million and he took a charge on the assets of the club, future revenue streams and the sale and sell-on of players. it's just normal practice when owners are providing loans to their companies (although many owners choose to provide the loans interest free!). A look at Companies House shows no such charge on the club. Since the club is the only company in the ownership chain which has assets (and there aren't too many of them!), anybody with half a brain cell who is loaning the owners any money would have slapped a charge on the club. And there aren't any!
It is quite possible that either Rupp or Rahic or even both have taken out loans to finance their original investment but that would simply be a private matter between them and whoever provided the finance. Nobody other than the parties to these loans would ever know the arrangements if it were a private one. The important thing however is that if such personal loans really do exist, they have not been raised against the club's assets but against R&R's own private assets.
Which takes me on to my final point. Are the owners taking money out of the club to fund these mythical loans? There's a strong rumour that Herr und Frau Rahic are receiving salaries from the club. I suspect that is true since both are employed by the club and I'd expect nothing other than that. They have lives to run, family to support, a house to be paid for, pizzas to be bought etc. They can't live on fresh air.
But are R&R taking anything extra by way of say dividends? The simple answer is no to this particular question. If they were. this would be disclosed in the notes and there is no such disclosure. From a very practical and legal perspective, the finances of the club prevent any dividends being paid legally to the owners for the simple reason that the club still has accumulated losses of around £2million in its accounts. Only when the accumulated losses have been magically converted into a profit can a divi be paid and that won't be soon. That's the law of the land and owners who don't comply with that can find themselves in the nick, being disqualified as a director in the UK and potentially elsewhere in the EU and find themselves banned from being involved in football ownership.
That's a very risky approach indeed. But anybody who has any evidence that either Rpp or Rahic have acted illegally should in the first instance contact Companies House. If it's proved that they have have acted illegally, that really will get them out of the club!Utters0, Morley Bantam, bantamdave41 and 8 others like this. -
People will read and believe whatever they want to. It's their prerogative. And they will do that if what they read fits in with their own agenda or outlook or established prejudices. We all do it and most of the time it doesn't really matter. But when the source of information on which opinions are being formed is uncorroborated or worse a distortion of the facts then using that information without challenging and instead accepting it at face value is very worrying. You see it all the time on social media when rumours and half truths develop into factoids and they evolve into the gospel truth. And after a couple of iterations what started out as some nonsense on Twitter becomes accepted wisdom. Unfortunately this is now becoming the practice on here.
As you know, I'm no fan of Rahic. I don't like his approach or his business model and he is slowly but surely running our club down. But he is now being turned into the spawn of the devil based upon unfounded rumours masquerading as facts. He creates enough shit for himself without the other stuff having to be exaggerated or made up. Eventually imo it will become counter productive.brisbanebantams, CT Bantam, Aaron Baker and 8 others like this. -
Mark Lawn should be delighted. If it wasn't for Parkinson it would have been him taking the stick Rahic is. He had a lucky escape.
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This is the holding company, registered in Germany which owns the UK Bradford City registered football club.
https://www.northdata.de/ER+Sportsgroup+GmbH,+Landshut/HRB+10112
https://www.northdata.de/%5B2016-03-04%5D?id=1336005013&type=publication
This is paid back monthly to the tune of £27k
Edin gets £11k/m salary
Silke £2k/m
With NI/Pension, the combined package means £0.5million is been taken off the club funds by Rahic/Rupp each year.
That's why half the team are on conference wages.
Man Utd could generate profits to repay their loan.
Ours is being paid from working capital - meaning the playing budget is one of the worst in League 1.Johnny Yen, Get Rid Of It, boltonroad and 7 others like this. -
Wakefield Bantam, Jay, WilsdenBantam and 5 others like this.
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CT Bantam, Bantamsteve, Morley Bantam and 5 others like this.
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Don't know how anyone can compare Lawn to Edin other than maybe because he was outspoken from time to time but did Lawn ever say he knew football and interfere with the playing side of things NO. Did he go along spouting it's basically his way or no way and if you dont tow the line your gone like Mccall and other staff behind the scenes were NO. Yes he made a mistake appointing Jacko whose management career was already done back then but at least he rectified that got parky in and let him do the job to move forward can anyone see hopkin having that sort of freedom to do the same because I honestly can't.
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FrenchBantam, Nick_W_, WilsdenBantam and 4 others like this.
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JonButterfield Star PlayerQatar 2022 Entrant P.L.22/23 Entrant P.L.23/24 Entrant
Lawn had the opportunity to be chairman with Parkinson as manager.
It worked quite well.
Rahic also had this opportunity.
The difference there is palpable, isn't it?
Wait, there isn't one.Jay, gildersomebantam, Bronco and 3 others like this. -
JonButterfield Star PlayerQatar 2022 Entrant P.L.22/23 Entrant P.L.23/24 Entrant
Unfortunately, Rahic isn't savvy enough to do the same.
That's ultimately the difference.
I'm sure Rahic thinks the only reason we're failing is because he appointed the wrong coach. -
What's your evidence to support what you've said? -
Johnny Yen, Craven Cottager, Bronco and 3 others like this.
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Jay, bantamdave41, Bronco and 2 others like this.
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What we really should be asking is why they borrowed against the club to finance their takeover ? With edin having already earned his stake back threw wages and rupp getting his back threw interest on loans . We got glaziered
Jay, boltonroad, Rogered Tart and 2 others like this. -
JonButterfield Star PlayerQatar 2022 Entrant P.L.22/23 Entrant P.L.23/24 Entrant
You inferred Parkinson alone bailed out Lawn, and prevented him from taking stick from City fans.
But there's no reason that couldn't have also happened for Edin, except that obviously Edin is Edin and there's no way Parkinson would ever work for a guy like that.Jay, The Evidence, Bronco and 2 others like this. -
JonButterfield Star PlayerQatar 2022 Entrant P.L.22/23 Entrant P.L.23/24 Entrant
I remember him getting some grumbles, but that's about it.
Edin Rahic seems to be pretty much universally hated, largely due to the fact he seems to be pretty much universally hated by every former member of staff/playing squad that's left the club and spread gossip.Jay, Utters0, TallinnBantam and 2 others like this. -
In terms of decisions though there isn't much Rahic has done which wasn't replicated under Lawn before Parkinson. Falling attendances, regressive results, accusations of interference, bizarre appointments, falling out with managers, etc, etc.
If Rahic starts talking about moving to Odsal and threatening to put the club into administration then I might actually start to think they're the same person!
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