Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 4:40 pm  

The bank has come out this not looking too bad.

Isn't RBS partly public owned? Surely its not in public interests to see a large top flight sports team completely disappear, baad for the economy and a city with not much going for it. Obviously they have the right to withdraw an overdraft facility but there hasn't been much discussed about why.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 4:42 pm  

Ferocious Aardvark wrote:

Pretty much this. i said i wouldn't but how can you not?

And at the same time I'm not a fscking mug and feel like I will prove to be if I do it.

I keep wondering "What's to lose?". If they dont get the £500k then I dont have to pay. If they do then surely £500k should be enough to save the club and I would be happy to pay more than £100 to do that.

But the club say they need £1m. That seems mind boggling to me. How can a cash injection of £500k not be enough to save a club the size of the Bulls? And unless they can demonstrate how they can get from £500k to £1m I might just be throwing my money away.

It comes down to an issue of trust. Without a lot more info from the Board I cant bring myself to do it.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 4:42 pm  

Ewwenorfolk wrote:

Isn't RBS partly public owned? Surely its not in public interests to see a large top flight sports team completely disappear, baad for the economy and a city with not much going for it.

To be fair, it's not the Bank's job to fund failing sports teams.

If a bust taxpayer owned Bank took it upon itself to bankroll bust union clubs, I'm not sure we'd agree it was the best use of taxpayer cash.

As I said on the VT, we don't know what the "urgency" is - I'm sure the Bank will have issued the Bulls board with more than one ultimatum, they won't have just woken up one day and decided to cut their working cap facility and screw the club.

The "urgency" could very well be entirely of the Bulls' making, if they haven't addressed the Bank's concerns adequately over time and if brinksmanship has led to this current plight. The Bank's concerns are likely to have been wholly legitimate too, given the perilous state of the club's finances.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 4:44 pm  

Cibaman wrote:

I keep wondering "What's to lose?". If they dont get the £500k then I dont have to pay. If they do then surely £500k should be enough to save the club and I would be happy to pay more than £100 to do that.

But the club say they need £1m. That seems mind boggling to me. How can a cash injection of £500k not be enough to save a club the size of the Bulls? And unless they can demonstrate how they can get from £500k to £1m I might just be throwing my money away.

It comes down to an issue of trust. Without a lot more info from the Board I cant bring myself to do it.

I'd expect they're hoping to take alot on the gate and in the shop vs leeds to help out.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 4:45 pm  

FearTheVee wrote:

To be fair, it's not the Bank's job to fund failing sports teams.

If a bust taxpayer owned Bank took it upon itself to bankroll bust union clubs, I'm not sure we'd agree it was the best use of taxpayer cash.

As I said on the VT, we don't know what the "urgency" is - I'm sure the Bank will have issued the Bulls board with more than one ultimatum, they won't have just woken up one day and decided to cut their working cap facility and screw the club.

The "urgency" could very well be entirely of the Bulls' making, if they haven't addressed the Bank's concerns adequately over time and if brinksmanship has led to this current plight. The Bank's concerns are likely to have been wholly legitimate too, given the perilous state of the club's finances.

True, and well put.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 4:46 pm  

Adeybull wrote:

That was precisely what I had been wondering.

Im pretty sure thats what the issue is, in which case, did we not discuss the situation with our bank?? and if not, why the feck not? And if we did why are we here now? Lots of questions I don't expect an answer to.

I'd lose my house if I treated my credit like this I reckon. I've pledged but I'm not happy with my own decison, will still help, donate to an escrow, whatever else comes out of the bullbuilder/other group discussions.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 4:50 pm  

Sorry to hear guys. Hope it gets sorted. Best of luck.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 4:59 pm  

There's already 2 threads on the Leeds site about which Bulls players they would have when we go under, Vultures turn my stomach. I bet that slime ball Hethrington is enjoying all this.

As for all the good wishes from the proper RL fans (including Rhino's fans) from other clubs, many thanks it is appreciated.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 5:01 pm  

I was just thinking what I would do if this was Saints.

I would share all the concerns about whether my £100 meant anything, or whether the morons in charge would even know what to do with it.

I would end up donating though because:
a) I can afford to, and
b) If I didn't, and rather than rising from the ashes my club disappeared, I would never forgive myself.

I know that probably makes me a mug, but blind faith tends to be what supporting a sports club is all about.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 5:08 pm  

I do hope the Bulls pull through, however we do remember a certain Mr Caisley voting for our demise when we were in a similar position. I am sure we would vote to keep you in however.