Re: Marc Green statement : Mon Jun 23, 2014 1:39 pm
Rarebreed wrote:
What about the £300,000 they loaned Wakefield to stave off the administration? Also, if we had known that a deal was being made between Peter Hood and the RFL, we would have done everything in our power to stop it. It was the worst thing that could have happened to our Club. It meant we had no collateral to stop the bank foreclosing and calling in the overdraft facility... so the money the supporters and other benefactors raised, ie £483,000 was as nothing. Also whilst in this mode, who amongst the other SL clubs, including Wakefield refused the extra £50k share from our reduced SKY compensation payments?
There is a lot gone on in the background which needs bringing to the public domain - lets have it out in the OPEN
There is a lot gone on in the background which needs bringing to the public domain - lets have it out in the OPEN
Hardly free money was it, it's all mostly paid back. A loan based on future funding is no way in the same ball park has having your ground bought because you defaulted on a loan (despite spending near full salary cap at the time). I can say with certain confidence that such a loan would be available to any club that requested it in similar circumstances.
For the record in late 2010 Wakefield (under Ted Richardson) was refused a £300,000 loan by the RFL to save the club from going in to administration. Just a few months later Bradford was receive a substantially bigger loan, on the quiet might I add. Just saying like.