That is precisely how it was explained to me, a few hours after the story broke. Show those with some money to invest why the Bulls is worth backing.

The pledge announcement has been stated as being on the 7th April, I am assuming the Bradford vs Leeds match on the Friday is going to be an investor 'showcase'. Market the fact that this could be our last match, pull in the crowds and get the fans support loud and proud within Odsal to show why were worth investing in. As an investor this is what's important because more than likely they will be looking for a return.

Atki

Is this a case of the supporters giving the club money and then the investors topping this up expecting some kind of return? Or is it a case getting £500k pledged by the fans and the using this as a demonstration to investors to show the support for the Bulls and then the investors will put up the whole amount? And if we need the MONEY by next week what happens if we reach the pledge target but then fail to actually realise the amount when it is time to pay up? AS an aside if we don't have any debts (in that we keep being told we only have outstanding tax and image right payments to make) does that mean we have collateral tied up in the state of the art training establishment we have?

makes some sence, and I'm quietly confident of some positive news after the leeds game which i think will be an event to remember...

..but i still have some questions and doubts about the recent past and long term future, but thats for another day, lets put this fire out first. Welcome atki btw

Dont shoot me down here , but if there are all these guarantees , why are your BOD asking the fans to stump up?? why not call in these guarantees ??

something just doesnt seem right there, hope i am wrong and the Bulls survive this mess

Er...because the directors would have to pay hundreds of thousands of pounds, personally. Why the hell should they be asked to or expected to do that? Especially when they do the job for free, and their shares are essentially worthless?

And anyway, it would be for the BANK to call in the guarantees, and that would only happen if the club became formally insolvent.

And, if you wonder why the Board chose to repay the overdraft...it almost certainly didn't. It does not work that way. You basically pay money into the account and the bank grabs it. And won't let you make any payments without their leave - it will just bounce them for being over the limit. The BOD will have likely been told by the bank: "tough".

Isn't this the same bank that pours heaven knows how much into Rugby Union?

You see. Banks are the work of the devil. The Bulls should now run everything on a cash only basis. Would also have advantages for the salary cap as well (if that ever became a factor again).

I suppose at the game on friday, they club may show how much as been raised up till that date like they did for the season ticket pledges

Having spoken to several, well connected people (inside & outside of the club) today, I can categorically say that the BoD are doing absolutely everything in their powers to ensure we have a club in the future.

They admit that their comms with the fans has not been good enough, but to be fair, they have had other pressing issues to deal with !

I could go on, justify why I have changed my tune, but I won't. If many knew exactly what Ryan & Peter are doing behind the scenes there would be a very very different tone on here. We are in better hands than you could imagine.

Wow. Must admit, hearing that from you was both unexpected and very encouraging.

But I'm very very pleased to hear you say it, because I know you are not easily fooled and are a passionate fan, so it helps me in thinking I've read it right too. It can be lonely ploughing these furrows sometimes, when you stick your neck out based on your judgment, and set yourself up for a potential big fall if you judge it wrong. Big respect to you too, for taking the trouble to actually go find out some facts, and then to consider them and form a view accordingly. I'm really heartened to read what you said.

Thank you Adey. If anyone wants to really know what is going on, pick up the phone, drop an email and find out the TRUTH. Thats what I did.

I actually sought the FACTS, not the thoughts, assumptions and lies on here.

We are in great hands and if we survive this, Messers Duckett & Hood deserve knighting for their personal efforts, commitments and proffessionality over this sorry (bank & RFL shafting) experience

Because they're ultimately in charge of how the club manages its finances and if they've cocked things up why should anyone pay the price for their mistakes? ATEOTD if they didn't want to ever find themselves in a situation where the guarantees may be called upon they shouldn't have agreed to give them in the first place.