Quote M@islebugs="M@islebugs"So on what basis did the RFL lend the club 700k? '"
Dunno, neither do you, speculation pointless.
Quote M@islebugs="M@islebugs"In this context they then negotiated, without any reference to the shareholding of the Bulls or the member clubs to purchase the lease on Odsal Stadium to 'preserve an iconic stadium' when they knew this wasn't true. You don't think this sequence is unusual but I do. '"
Of course it's unusual - unique even - though the bit about "without reference" is plain wrong - neither the Bulls, nor the RFL, are run by committee, consulting member clubs or consulting shareholders would simply not be the way it works.
Quote M@islebugs="M@islebugs"By potential consortia I'm assuming what Guilfoyle meant was that they withdrew when they saw the potential liabilities going forward against the likely income. '"
Well yes, but just be sure you aren't blaming the previous management for that, liabilities and income going forward is in the hands of the incoming management, if they couldn't think of a viable plan then fair enough but starting pretty much from scratch, that's down to them.
I tend to think slightly different, I've no doubt that the basic premise (they couldn't figure a way to make the numbers work) is right; but IMHO the numbers could be made to work for a new owner who wasn't looking to make a pile of money, but no investor who wanted to make a reasonable return on investment would invest.
Quote M@islebugs="M@islebugs"The RFL could have intervened if by no other means saying, 'no Peter, you can't have 700k'. Cibaman makes the case a few posts back. We would have got to where we were last March much sooner and still holding the lease. The club would have entered administration having not lost both the RFL's and the supporters cash. The lease would not now be a 'condition' and the RFL sat with a £1.5 million piece of paper. These factors mean the situation is now much, much worse than the day Peter said 'give me 700k please'. '"
In your opinion, but with respect you don't know. You don't have the details of what went on with the RFL or how it worked (no-one does).
And the point you miss is that I'll grant the situation is much worse now than then, but teh situation is NOT much worse than the day before we went into administration. It was better, because we had done a deal with the RFL that had helped keep us going. Hood didn't put us into administration. You think we would have gone tits anyway, but I'd have rather taken our chances with the old Board and whatever potential 'investors' they were talking to, than what actually happened.
Would that have been any better? We can't ever know. But it couldn't have been worse.
Quote M@islebugs="M@islebugs"Had they made the loan conditional on the RFL's accountants entering the club we may even have an independent view on the state of the club. Something you believe we don't have (probably correctly). '"
I have no idea what the RFL did. For all we know maybe they did this. But any view on the club from accountants is whatever the person briefing and paying them told them they want it to be.
Quote M@islebugs="M@islebugs"The RFL share some of the responsibility for the situation as is. ...'"
Maybe they do, maybe they don't, unless the full details ever emerge we won't ever know (like much of the stuff that has gone on). It would be fascinating to have chapter and verse but in terms of point, I don't think there is one.