FORUMS > Bradford Bulls > Bulls must repay RFL loan |
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438_1551258406.jpg "If you start listening to the fans it won't be long before you're sitting with them," - Wayne Bennett.:d7dc4b20b2c2dd7b76ac6eac29d5604e_438.jpg |
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| Quote: Bullseye "https
As approved by Nigel Wood
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| Another secret loan.. that'll go down well in RL circles!! The club must be budgeting for much lower crowds next year, with this on top we are surely placed amongst the lower end of squad spenders in the league.
Next year ain't looking great.
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| I assume Nigel knew this was coming as he was in charge at the time of the loan. If this was in the terms of the loan there is no argument, it has to be repaid. Just let's not hear anymore other clubs supporters saying we are favourites and have received preferential treatment.
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| It's OK though we have applied for £20m levelling up funding for a 30k seat stadium.
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68134_1392230175.jpg [i:17olg9pl][color=#BF0000:17olg9pl]Never trust a man who, when left alone in a room with a tea cosy, doesn't try it on.[/color:17olg9pl][/i:17olg9pl]:d7dc4b20b2c2dd7b76ac6eac29d5604e_68134.jpg |
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| Maybe they can make up the deficit on the playing budget by cutting down on other things. Things like:
1. Employing the cheapest option manager.
2. Cutting down on players' pies.
3. Stopping paying in the players' pension payments.
Oh, hang on...
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438_1551258406.jpg "If you start listening to the fans it won't be long before you're sitting with them," - Wayne Bennett.:d7dc4b20b2c2dd7b76ac6eac29d5604e_438.jpg |
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| Relegation battle next year.
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| So subsequent to liquidation, the RFL approved the takeover of the club to two men, one of whom never actually turned up, and another who couldn't muster the requisite guarantee to open a bank account. All the while people close to the club and around the RFL said it was merely a front for NW. And it now emerges 5 years later that the RFL provided them with an unspecified loan, which needed to be repaid at some point in the future.
It's almost unbelievable.
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| All both very sad and utterly reprehensible. Administrator III's preferred bidder (if Bongser recalls correctly (IBRC)) was blocked by the RFL (under Nigel Wood) forcing liquidation and the resulting stigma.
Then the RFL (under Nigel Wood)'s preferred candidates were ushered in. Lowe didn't seem to last very long and now it emerges that a face-saving loan was agreed and is now another millstone around The Bulls' collective neck.
Again IBRC, Wood was paying himself just shy of one third of a MILLION pounds per annum at the time!
Yes, Bullseye (good evening, hope you are well), Bongser will attempt to be careful!
Whatever happened in those dealings, no one could argue that there was not, at best, gross incompetence and, as the Mouth of Sauron, there is blood on Rimmer's hands too.
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| Nigel Wood has been involved since day 1. However forget that fact it's unbelievable that the RFL turned Thorn & Lamb & Irvine away to choose Chalmers and Lowe a consortium that was vetted financially sound and the best choice going forward for the club. That financially sound they didn't actually have any money ti buy it or run it. That in itself is totally incomprehensible. Since admin 1 there has been nobody to blame for the bulls death of a thousand cuts other than Wood, Rimmer and the RFL. Now we are told that the RFL stand to gain by an Odsal redevelopment with a shiny new international RL stadium and headquarters at odsal. All at the cost of the Bulls.
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36131_1571835935.jpg nosorożce biorą to w dupę:d7dc4b20b2c2dd7b76ac6eac29d5604e_36131.jpg |
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| Ever feel like someone is taking the p155 out of you?
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| Quote: bowlingboy "Now we are told that the RFL stand to gain by an Odsal redevelopment with a shiny new international RL stadium and headquarters at odsal. All at the cost of the Bulls.'"
The irony of Odsal being redeveloped and reaching it's full potential and no Bulls to play in it!
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Beer is the root of all my problems, ironically it solves them too Homer
Simpson that is: |
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| Now we see why Wood was reluctant to let the fall guy Sawyer relinquish control of the club. As someone said Wood works well politically. Well we all know politicians are corrupt and self serving. If anybody is thinking about buying a season ticket for next season, beware and keep hold of your money is my advice.
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| Right, here's what's happening...
I am winning the £108m on the Euro tonight ad I'll repay the loan and provide an enhanced playing budget for next year that will guarantee us the play offs..
Well, there's more chance of that than a new stadium anyway...
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| We need to know, how much the loan is, what it was for, and how much we have to repay this year.
Someone has to come out and say something.
Probably going to finish 9th this year and potentially smaller buget next year. Is this some sort of sick joke. Time for someone to put their hand in their pocket.
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