FORUMS > Bradford Bulls > Northern's predicament |
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44480_1390845286.jpg It's been fun.:d7dc4b20b2c2dd7b76ac6eac29d5604e_44480.jpg |
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| Freedom of choice
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45_1302643626.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_45.jpg |
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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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45_1302643626.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_45.jpg |
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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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276.gif I am not an acrobat. I cannot perform these tricks for you. Losing all my balance falling from a wire meant for you:276.gif |
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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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17822_1260441142.jpg Never choose a wife or bedlinen by candlelight
I'm only using this username because, since migration to the new server, I'm unable to log in to my usual one as the e-mail address no longer exists and I can't remember the password.:d7dc4b20b2c2dd7b76ac6eac29d5604e_17822.jpg |
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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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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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| The usual stuff from a Keighley fan.
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Black Backgrounds/Fozzie%20Bear.gif :Black Backgrounds/Fozzie%20Bear.gif |
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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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[b:p9abh38v]"The most [i:p9abh38v]unimpartial[/i:p9abh38v] moderator I have ever seen on a message board"[/b:p9abh38v] [img:p9abh38v]http://www.millan.net/minimations/smileys/whoopdedoo.gif[/img:p9abh38v]
. . . . . . . . . . . . . . . . [img:p9abh38v]http://www.pixeljoint.com/files/icons/grim_reaper.gif[/img:p9abh38v] [b:p9abh38v][i:p9abh38v]. . . . Transferring Souls Since Eternity[/i:p9abh38v][/b:p9abh38v]: |
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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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45_1302643626.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_45.jpg |
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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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1271.jpg Whenever you find yourself on the side of the majority, it is time to pause and reflect.
Mark Twain
Build Bridges NOT Walls:1271.jpg |
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| Maybe, but never forget the 19th chapter of the book of Jobe which (I was reliably informed) says, "Blessed is he who doth not expect...for he shall not be disappointed"..
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