Does anyone think that it is ironic that the clubs main sponsor is a loan company?

in Koukash we trust sign sammut and carvell !!!

Er, i don't think he did, and it's an email from RW, not a club statement.


This is a general statement and not about OK as I have no clue as to his personal assets, but I hope you don't actually believe that people with substantial wealth leave six figure sums idling in current accounts doing nothing, available at the cashpoint. If you did, trust me - they really don't.


First, I would be astonished if any bank lent large sums of money to ANY rugby league club without some form of security or guarantee. Wouldn't you? As to "definitely not the same as putting cash in" - I'm not sure what you mean? I am sorry but this seems naive. Roman Abramovich or other multi billionaires could probably just "put cash in" to their club but for normal people clearly the money would have to be sourced from somewhere and paperwork would have to be done.

The other point many ignore is that whilst a bank or other financial institution may indeed insist on a guarantee, the last thing they want to do is to be having to enforce that guarantee. It is a last resort option. Forget the Bulls - no company will obtain substantial business funding, even if a guarantee is offered, if the proposed lender believes the proposed arrangement cannot realistically be serviced..

If the club ATEOTD receives funds sufficient to then pay out the wages, what difference does it make to the players or the fans? Whereas you do a disservice to OK himself. If he is, as you suggest, getting the funds by offering a personal guarantee of some sort, then if the club defaults he would be personally liable. So what, materially, is the difference? It looks like he is prepared to put more and more of his own neck on the line to finance the club. Who else is? I don't see any queue.

Who's the Bulls' sponsor? Can't get a loan try the C of E or Wonga!!!

Can anyone work out where the figure of £840k has come from?

I doubt it's for one specific thing, most likely it's made up from a number of smaller cash inputs to shore up short falls

I doubt it's for one specific thing, most likely it's made up from a number of smaller cash inputs to shore up short falls

I think FA you work in the legal profession so surprised you dont think a e-mail signed RW General Manager, Bulls, Odsal would not be interpreted as a statement from the club?

No I don't think OK keeps a pile of cash under his bed and I am perfectly aware you would be silly to keep large amounts of cash in a current account , but most financial savings instruments can be converted within days. Now I freely admit that this is just my personal assumption but if there are proper financial controls and forecasting in place at the club then this cash flow problem with the July wages should have been obvious several weeks if not months ago - so the delay is not just the time between now and the 8th.

Paying wages on time is important in any business, and the message it sends when you fail to do this is important. We know how the club is being massively disadvantaged with its reduced share of the Sky money and my concern if we are looking for bank support is that we have a genuine problem once again with basic working capital, and before you point it out I am aware that it is a problem most of the other clubs are wrestlling with all the time

I think that is the amount of sky money we lost

Doesn't need to be interpreted, it's an email reply to an email enquiry.


Maybe, maybe not, but we don't know if or when the management foresaw a possible funding shortfall, and probably never will, so there's no basis for me to comment. Save that it's possible they could see the train coming, but couldn't stop it in time.


Nobody would argue with that. I'd imagine the club would have done anything to avoid this terrible adverse publicity.


Who wouldn't be worried, all the more so given what we've been through, but I am certain that the crazy fixture list (one home game in something like 2 months) must be a significant contributing factor. That really is an absolute disgrace, doubly so when we are already on half money.

It's not just a matter of paying the player/staff wages though, albeit late.
It sends out the wrong message to trade creditors who will think here we go again and consequently demand quicker payment for outstanding invoices or withdraw their services or stop supplying goods until paid.