'By giving back to society we begin to rebuild our connection with the communities we serve.'

Hmmm...

RBS have made their decision based on the principles of RESPONSIBLE LENDING.

We all know that they didn't always do this in the past (and the cost to the taxpayer and thousands of workers as a result). I'm sorry if this sounds harsh, but those of you who criticise them for the actions of the past can only be described as hypocrites if you say that they are unreasonable for giving the management team the option of providing additional security to replace the value of the lease that was sold to the RFL or having reduced facilities.

For RBS to have done anything else would be considered irresponsible lending.

I can't believe that anyone is trying to find any fault with what the RBS have done.

So far it appears that RBS have not called for repayment of the overdraft the bulls have, but simply said that the current overdraft limit can not be exceeded.
Hence no cash from them and no cash in the till = Cash flow problems.
Or at least a problem with more cash flowing out than cash flowing in to the tune of M£1 this year.

Quote: redeverready "I can't believe that anyone is trying to find any fault with what the RBS have done.'" I'm not. RBS and Bulls' statements in the press contradict one another (www.bbc.co.uk/sport/0/rugby-league/17536053) so I know neither what they have done, nor whether what they have done was wrong or not. However, there is discussion on their sponsorship page that does sit well in light of what has happened over the last couple of days, and it sticks in my craw.

Quote: redeverready "I can't believe that anyone is trying to find any fault with what the RBS have done.'" I'm not. RBS and Bulls' statements in the press contradict one another (www.bbc.co.uk/sport/0/rugby-league/17536053) so I know neither what they have done, nor whether what they have done was wrong or not. However, there is discussion on their sponsorship page that does sit well in light of what has happened over the last couple of days, and it sticks in my craw.

Haven't RBS been bought out by Banco Santander ?

Er...No.

You own it.

The version of events I heard this evening suggests quite the opposite, and supports what I was told earlier.

Wish I did Bulls would not have a problem lol

Understand what you mean

Yes santander are taking over RBS,told so by a Bulls fan who works in santander on monday in Bradford city centre.
She was gutted about the situ !

Hi,

RBS are not getting taken over by Santander.

You're getting mixed up with the (enforced) branch sale.

RBS have sold 318 UK branches to Santander.

Hope this clears things up.

M

Thanks for clearing that up.

Does this mean that RBS is monitoring this board for the moment?

Well done RBS

You have a history of irresponsible behaviour and I am pleased to see you are trying to move away this now that you re playing with our money.

Yes RBS is watching you........

Seriously, I hold some shares in RBS, but I'm also a Bulls fan.

I’m not entirely familiar with the situation, the Bullbuilder guys seem to know more.

But from an outsider’s prospective, we seem to have sold our only asset (Odsal lease) to cover the RFL debt. However, this deal has resulted in the overdraft facility been withdraw by RBS, as the Bulls no longer hold any securities. RBS have made similar decisions with other businesses, such as GAME and even Gordon Ramsey.

Seems when we sold the lease, the board were caught between a rock and a hard place. How we got to that position is what I would like answering!