The phrase "fleeced" springs to mind.

Probably not, but the quotes at the time were that it would get the revenue off their backs and that the expected to get investment for the other £0.5m that was needed and to fund the Bulls going forward. The current position is that the HMRC are planing to wind up the Bulls so therefore weren't pacified and that at least a further £1m is required on top of the original £1m.

Wow at least you guys are a little more symathetic towards us. Tbh thought you lot would be the worse but Hull FC are just saying Fook Em, get the players :/

I feel very sorry for the fans & the players but not the management

The fans who go or the fans who stopped going?

It is a travesty the way the Bulls fans have been treated and there will be a few going without holidays because they have donated to a cause that was already forlorn.
As for other fans failing to empathise with the Bulls fans plight I would suggest they take stock and think, there but for the grace of god!
It could well mean the end of Bradford as a SL club and where they go from there nobody knows. Caisley needs to pull a rabbit out of the bag pretty quickly.

Steve & Dave but not John

At least we now know the value of SL clubs obtaining a Grade B licence under the SL franchising system.

Franchising by plenty.

Yep. got to feel sympathy for the fans who coughed up the 500k. I hope Garry was on the phone this morning to ask if there was anything we could do to help. Maybe not a lot pre admin, but we've spare young players who could be loaned out if their squad gets decimated.

A bit debateable how decimated their squad could get mid-season isn't it? How many teams have got squad and cap space at this point?

With a bit of luck there will be no carcass to pick over, but HMRC exist as a public body, not to bank roll sports clubs.

Not a good situation and as others have said you have to feel for fans who have stumped up 500k. Can't believe the club took their money and the. This happens so soon after.

Administration looks inevitable, as it has for some time IMO.

A winding up petition is serious and if other creditors come out of the woodwork and support it the only way to avoid liquidation would be administration.

Whilst I understand your need to put a point across, i'd be of the impression that this is not a consequence of franchising. The RFL may be culpable in the fact that a SL club is going into administration, but I would bet that if a close look were taken at most of the SL and indeed championship clubs there would be concerns over the financial position. None of this concern would be as a result of franchising or the salary cap but purely the abilty of clubs to continue as a going concern.