FORUMS > Bradford Bulls > Northern's predicament |
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| As a naive Cougar supporter for over 50 years, what I fail to understand is why there is any reason for anyone (with the exception of Northern supporters) to donate anything to support their inept Board.
As far as I see it, the Directors who are asking for donations (who have brought-about this situation solely through their actions) have done absolutely nothing to justify their case.
Why should anyone give them anything when they are offering so little in return, let alone such a complete lack of information - apart from ‘Give us your money’?
Does anyone:
• Know why this situation has arisen so suddenly?
• Know what the individual constituent debts are?
• Know what the overall debt is?
• Realise that, when a bank is derived of its sole security for lending then the agreed facilities must be repaid ‘on demand’? If the Directors, could not or did not read the facility letter then they are even more-naive than I thought?
• Why, before pleading for support, the Directors HAVE NOT OFFERED THEIR INDIVIDUAL PERSONAL GUARANTEES to support their banking facilities?
• To what percentage of the overall Issued Share Capital their cumulative share-holdings amount?
• Why Bradford Bulls is considered to be a ‘Special Case’?
Never, since the advent of Super League, have I seen and heard so much undeserved publicity about a single Club.
In the beginning it was ‘dog eat dog’ and the Cougars were destroyed by Caisley and his mob from fellow Super League clubs, despite them benefitting from the Cougars stance against Murdoch. Then there were only Cougar shirts seen in Keighley, now there are Bulls shirts seen on the streets and shops of Keighley, just as (I imagine) there are in Halifax, Batley and Dewsbury; but these will (no doubt) be worn by the ‘glory hunters’ and cheapskates who bought their Season Tickets via the cut-price offers that Northern have made and still dare to use the auspices of the RFL to target TRUE supporters of Championship clubs with their cut-price (£10) admission offers.
I, like every TRUE supporter of a Championship club have their principles and, even if Northern were one of the lat two clubs in the RFL/Super League, I would NEVER demean myself by giving them my support, despite the fact that I love the game!
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| Freedom of choice
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Dec 2001 | 23 years | |
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| Does anyone[iYes. See Bullbuilder statement[/i
• Know what the individual constituent debts are? [iYes. It was the RFL and Natwest[/i
• Know what the overall debt is? [iYes. It will shortly be zero once the remainder of Natwest has been clawed back by them[/i
• Realise that, when a bank is derived of its sole security for lending then the agreed facilities must be repaid ‘on demand’? If the Directors, could not or did not read the facility letter then they are even more-naive than I thought? [iThe bank was not deprived of its sole security. The lease was of no value anyway as security.[/i
• Why, before pleading for support, the Directors HAVE NOT OFFERED THEIR INDIVIDUAL PERSONAL GUARANTEES to support their banking facilities? [iThey have. They have guaranteed the debt for years. The bank declined them - even an increase. [/i
• To what percentage of the overall Issued Share Capital their cumulative share-holdings amount?[i 25%[/i
• Why Bradford Bulls is considered to be a ‘Special Case’? [iIt is by its fans, who are endeavouring to save the club. It is not by anyone else except through choice. hth.[/i
So, having shot down your balloon, do you have anything else to contribute?
Now kindly sod off you bitter and twisted individual.
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| I know that people from Keighley are renowned for being backwards but your post might have had a little more impact a week ago. You know, when the rest of the world was asking these questions.
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| go and read the 120 page thread about going bust. then when you have finished hopefully we will have survived and can go back to playing in SL, thats the top comp by the way!
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| Quote: Adeybull "
• Realise that, when a bank is derived of its sole security for lending then the agreed facilities must be repaid ‘on demand’? If the Directors, could not or did not read the facility letter then they are even more-naive than I thought? [iThe bank was not deprived of its sole security. The lease was of no value anyway as security.[/i.'"
Is this something the club have confirmed? BBC still quoting the sale of the lease as the reason the bank pulled the overdraft.
Quote: Adeybull "The club's troubles came to a head after a decision by RBS to reduce the club's overdraft facility because of the sale of the lease on Odsal, which had been previously used as security on the debt'"
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| Is calling us Northern meant to be antagonistic?
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| Quote: jockabull "Is this something the club have confirmed? BBC still quoting the sale of the lease as the reason the bank pulled the overdraft.
'"
rlYES.rl
As well as to the Bullbuilder board face to face, and to various of us who have specifically asked.
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| Nice one Adey. I spent several years helping to coach Keighley kids and took stick from Cougar fans the whole time - well balanced in the main, with chips on both shoulders. Got tired of the high sixes after a while...
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| Quote: Stul "Is calling us Northern meant to be antagonistic?'"
I don't know. i stopped reading his post after the first 5 words. Kind of lost interest.
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| The usual stuff from a Keighley fan.
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| Quote: Bets'y Bulls "go and read the 120 page thread about going bust. then when you have finished hopefully we will have survived and can go back to playing in SL, thats the top comp by the way!'"
abit early to be bragging SL survival isnt it!?
you should.... at the minute, be more worried about having a club full stop!
not boasting about which league you may or may not be playing in!
unless you know something the rest of this forum doesn't!? which i very much doubt.
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| It does say 'hopefully we will survive'
Didnt you get that bit?
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. . . . . just goes to show that people sometimes read what they want it to say, rather than what it actually does.
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| Quote: Stul "Is calling us Northern meant to be antagonistic?'"
Dunno, but Einstein there called us "Northern" yet said it had been supporting "Cougars" for 50 years.
Maybe, eventually, it will understand the irony in that?
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