Point taken but RBS seem to be behind alot of high street chains having the rug pulled from under them and they seem to be taking a much more agressive stance than others who seem willing to cut more slack.

I disagree.

I think that RBS may have gotten wind of Bulls possible problems. I think that they would have been the predator that the RFL mentioned.

The sale of the lease protected the future of rugby at Odsal, even if it placed the Bulls in jeopardy. If HMRC and RBS had forclosed on us, anything could have happened to the ground.

Be aware: the bank never had a specific security over the stadium. What is called a fixed charge, or mortgage. Had it done so, Bulls would not have been ABLE to assign the head lease. So it's far less simple than it first seems, and I can't but help think that the bank-mindful of the PR disaster Looming - is maybe being somewhat disingenuous in its public statements.

The bank had a long-standing floating charge, secured over all the assets but ranking behind employee claims and other preferential claims, and I rather think additional security from directors.

Given that the Bulls could only generate value from the lease with the express agreement of the council, I would not have thought the lease ranked high in the bank's list of valuable security.

My suspicion is that the bank saw the club receiving a one-off receipt, and saw an opportunity to use that as an excuse for cutting its exposure. I am therefore, on reflection, rather less minded to pillory the club over this than I was initially.

Incidentally, several years ago I was having facility negotiation discussions with a senior RBS Manager. He was a passionate RL fan. He told me RBS had no appetite whatsoever for lending to RL clubs. They were seen as a very bad risk and a sector to get out of.

So it's the fault of RBS that the Bulls lived well beyond their means spending cash it didn't have right up to the last minute - and you're havinh a go at them for never taking the blame jeez.

Yes the Bulls have been mismanaged, but so were all of the banks bailed out at our expense, but they still manage to pay there massive bonuses off the back of the working man. I hope they rot in hell.

Oh, the irony.

My thoughts exactly.

Indeed. You should have see the garbage he wrote on the VT last night. Every single point he made was factually totally incorrect.

Ha ha love this

If you need advice on how to be passionately and confidently wrong Vastman is your go to guy.

your time would be better spend in removing the BOD at the Bulls

Yes.

Liars it would appear.
A nice little picket line outside their Bradford branch should be good publicity for them on Look North/Calender.
I will never ever deal with this shower.