Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 5:16 pm  

was shocked when I read the news and We at the DONS have had our fair share of financial problems over the course of our existence, hope you get sorted cos the game of Rugby League wud be alot poorer without the Bradford Bulls.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 5:29 pm  

I feel for your fans but who can afford £100 pounds this day and age .With all the cuts and money is tight .Just hope you get it sorted .Will be ring our friends tonight they live in Idle .Hope to come to Bradford this weekend Frank and I will be having a chin wag about it all .We go in Oddfellows for lunch been informed they had the deco changed .Good luck to you all hope things turn out right for you Ray

[Wigan6/Leeds1 Andy]

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 5:31 pm  

Duckman wrote:

Would the bank call in the overdraft due to us selling our biggest asset? the ground lease. Thus increasing our risk to them? Has solving one problem caused another?

Maybe.

BBC wrote:

The club's bank, the Royal Bank of Scotland, said it had not cut the Bulls' overdraft but that the directors had failed to provide alternative security to secure credit since selling the lease on Odsal.

[Kosh]

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 5:32 pm  

Adeybull wrote:

That was precisely what I had been wondering.

Looks like you're spot on:

The BBC wrote:

The club's bank, the Royal Bank of Scotland, said it had not cut the Bulls' overdraft but that the directors had failed to provide alternative security to secure credit since selling the lease on Odsal.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 5:33 pm  

so the thing that was supposed to secure our future has done entirely the opposite.......idiots!!!!

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 5:36 pm  

Says it all by the board really.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 5:38 pm  

Wigan28/Leeds18 Andy wrote:

Maybe.

So they sell the ground lease to fund long term debt, yet do nothing about the short term, sounds like a very incompetent BoD

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 5:38 pm  

Confirmed by Duckett too. So the management is that inept they didn't even have that conversation with the bank and now expect supporters to bail them out. Unbelievable.

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 5:44 pm  

Northern Lad wrote:

so the thing that was supposed to secure our future has done entirely the opposite.......idiots!!!!

Re: Peter Hood says Bulls on brink of going bust. : Tue Mar 27, 2012 5:44 pm  

The Lord Mayor of London is backing the pledge, the word really is getting out, as is Stuart Fielden.