Most liked posts in thread: Takeover Rumour

"The owner, Stefan Rupp, is categorically not seeking to sell the club. Nor is he looking for outside investment as we plot our path back towards Sky Bet League One and beyond."

Quote taken from this mornings YPost, not really sure I have seen a 'plot to take us back to League One and beyond' in what has happened so far! Looks to me like we are an average League 2 club in respect of the players through to the management team, and the only thing 'above' this is the size of our crowds and our long standing potential to be something better in terms of the size of the City and the stadium.

 

I laugh out loud when I see this argument. You talk as if the McBurnie money was the clubs and Rupp has taken it for his own gains. Absolute nonsense! You do recall last seasons overspend don't you?

Rahic created that mess. Although he is not without blame Rupp at least did the honorable thing and covered the loss with his own money. At this point Bradford City football club owed him. He basically accepted the risk of putting his own money in to cover this hole knowing it could be a long time before it's recovered - if ever!

The McBurnie windfall was never a guarantee but fortunately for the club and Rupp it came to fruition very soon after he covered the loss. The club has rightly used this money to pay Rupp back. That is not to say there is no left over profit for the club to benefit from however but any profit on top of the amount repaid is for the club. There has been no evidence to suggest otherwise.

Not sure how it can be argued he's not backing the club when it is clear we have one of the top budgets in the division. Just look at the squad!

 

If the Mcburnie money has gone towards wiping the debt then Rupp isn't financing the club, the club is financing itself.

Why would anyone thank Rupp for using the clubs biggest and only asset to cover the mess HE got us into?

The mind boggles.

 

When Rupp took over and paid a reported 6mill the club had assets. It had sell on’s for nakhi Wells and McBurnie written into contracts. We also had Charlie wyke who was a very salable asset. We also had a league one status. At the time you could have estimated those 3 alone to be a minimum of 2.5 - 3mill, with the addition of a league 1 club, with a large fan base.

Since then, all of those assets have been systematically stripped, along with losing our league 1 status. The strong fan base has also dwindled but now remains our only asset, with the exception of our football league status.

Our only saleable assets are paudie and maybe wood, but those two are speculative at best currently. The club is not worth anywhere close to the value Rupp paid initially. It was probably worth the 6 mill he paid at a push, but with all of the above assets stripped it’s no where close to that value anymore.

 

More rumour gate... Consortium led by David Baldwin with people with plenty of cash.

 

I was right with you until you mentioned twitter.

 

Well thats me convinced.

 

He might want £8m but there is no one out there going to pay anything near £8m for a league two club with no assets and who don't own there own ground.

 

The chairman has delivered imo, its the manager that the question marks are over.

 

All our association with Rupp has brought us is relegation into league 2, lower attendances and the depletion of our last remaining asset in Mcburnie.

The club was better off before he arrived.

 

It happens, I worked on tenders for years and saw the same practices. Rupp bought City for a lot less in League One, I'm sure with his business acumen he knows the club isn't worth more money than his original investment, if the story is accurate he's clearly given a price that reflects his position of not wanting to sell, however if someone came up with that money he couldn't refuse it.

 

No story here...move on

 

Intrigued by how you're working all this out.

We know Lawn and Rhodes were over budget every season - and needed cup runs and player sales to cover the overspend each season.

This season's squad must be more expensive than the one that Parky assembled to get us promoted from League Two, so we know we're running to a deficit.

Last season, the deficit was astronomical, and Rahic lost his job because of it.

Are you implying that the McBurnie sale covered BOTH the astronomical loss of last season AND the significant deficit for this season's playing squad?

Because if not, and it's a pretty ludicrous assertion, Rupp pretty clearly IS financing the club, and the McBurnie money is only a partial repayment of the totally unnecessary amounts of money Rupp has lost.

 

Of course its up for sale, everything is at the right price. Just depends who's valuing it?

 

I fooking am buggering off on holiday when I'm not working! Finish next week, Blighty 1st week of June, then Greece. Teachers eh? Oh, missus is a school nurse.