Not news I expected to wake up to. To say it came out of the blue is a massive understatement.

I've been telling people for years how perilous the financial situation clearly was. It was patently obvious from the accounts. Anyone still disbelieving?

But - like many others no doubt - I'd assumed that the sale of the Odsal lease had alleviated at least the short-term financial crisis. So where the hell has this come from?? Unless retrospective tax bills

We now learn that the Odsal sale was seemingly because the club had borrowed from the RFL (it was obvious it must have, since they registered a charge in favour of the RFL well over a year ago) and could not repay them, so they took the stadium in lieu of repayment. I've heard nothing other than what I have read in the paper this morning,

Once again, looks like we have been made to look fools, and the chief emotion I feel right now is anger. But I'll keep most of my powder dry for now in the hope that I can find out some more somehow.

This cannot have just come out of the blue. I am afraid what I have read does not stack up. Frankly, I do not believe it.

Donations? They should have been going for a share issue. If they want supporters to chuck a shedload of money in, they need to surrender a sizeable share of the ownership. As I feel right now, thats what it will take for me to put any money in.

Is Caisley waiting in the wings to buy the assets off an administrator?

Far far too busy at work right now to give this the attention it needs. And far too angry to want to write much more just now.

If they have run out of cash that suggests they were living off the overdraft. It's not something I'd do as a household.

With the stadium gone there are no assets to sell other than players.

But now that this has been announced, who will buy when players will go for free in a few weeks?

Offloading players for free will not help either, it will reduce commitments but the players don't need 500k in a month, that would mean their wages for the year would be 6 million. So the money is needed for running costs and debt reduction.

Administration wouldn't help would it? This is a cashflow issue rather than debts that we can't clear. The only way around it is to minimise outgoings, our most substantial of which will no doubt be wages and Odsal upkeep.

Doesn't look like there's a viable alternative to Odsal, so all I can see happening is the Crusaders route. Everyone's contract becomes void, the RFL issue another dispensation for our o/s players and the vultures begin to circle. If we're lucky we still have enough left to scrape together a team for the lower leagues.

Someone is in cloud cuckoo land if they think fans can raise £1m between them.

It needs to be made clear what the money is for, and what raising it will achieve, the fundraising needs to be co-ordinated by someone outside of the club (i.e. a supporters trust) and kept hold of so it just doesn't disappear down a black hole if the overall target is not met and therefore the money raised can then be used to support a newly reincarnated club.

This.

There is already talk on other forum on which 'young stars can be cherry picked'. So if the 0.5m initial target isn't met can we expect the club to once again sell its best players? Or will it be a little to late by then... so disappointed.

It's an unholy mess. It sounds like this has been bubbling for a while but the news has been kept quiet.

Wakefield tried the fast cash plan shortly before they went into administration. It's a pie-in-the-sky idea.

It looks like game over. Just got to hope someone comes in and buys the ashes so at least we've got something to support.

Champs to Tramps in 6 years. Absolutely depressing.

"the Good Friday visit of Leeds Rhinos could be their last-ever game at Odsal..."

[urlhttp://www.thetelegraphandargus.co.uk/sport/sportbulls/9614049.Bulls_need_to_raise___1m_or_go_bust__says_chairman/[/url

"Director Andrew Bennett said: “We’re at death’s door.”

He added: “We can stay alive for about two and a half weeks.

“We could just about, at this moment in time, put the Leeds game on.

“But that could be the last-ever game at Odsal unless money comes in quickly.”

Bennett added: “If we get over the blip, we’ve got a plan that actually takes us forward long-term that physically works as a business.

“Therefore we wouldn’t need to go back to our fans in 12 months’ time asking for them to bail us out again.”

Not so sure about that last bit tbf

I cant post on here at this moment so angry at what seems to be incompetent leadership and blatant untruths told to loyal fans.

The more I think about this the more I get angry, why come to fans do close to the wire, why not be open with the fans about our position and give the club a chance to raise funds with the help of fans. To do this in tw short timescale they're quoting just seems impossible. I understand they weren't expecting the bank to reduce the overdraft and the RFL to ask for repayment so soon but why did it even get to that stage.

I feel I've been lied to by the current people running the club and I'm sure I'm not alone in that feeling.

not being funny or anything like that, but the signing of lynch for my beloved fc really shows the trouble your in, the guy would have stayed at the bulls until the end of his career no doubt if the finances were right...having fc paying a transfer fee has helped you for abit and weve taken a big earner of yourselves, but i cannot understand how you can offer whitehead a new 5 year deal on the back of this latest news? tragic as it is....
fc seem to have alot of cash to splash at the minute and were linked with whitehead, also strong rumours of a bid for your burgess going through at somepoint and weve almost done a deal for arundel from cas for next year...
unfortunatly some of your younger players may be lost, which is a sad outlook from a top club like your own