The money men at bulls must have known how close to the edge they were when they applied for a franchise.They should have done the decent thing and withdrawn their application.

It seems that the Bulls finances were in order, or no worse than many, many businesses are. The only issue is that their bank withdrew their overdraft facility - as has happened with many, many businesses.

the real question is why did the RBS withdraw their credit

Their only asset was given to the RFL to pay off a debt?

Possibly, but it isnt typical for such things to be taken into account for unsecured lending.

Just been reading that the bulls are selling a `virtual` ticket for £20 to help with their fund raising , doesn`t get you into the game though , good luck with that.

Depends whether it was unsecured or not at the time. I would hazard a guess that nobody would lend £1million unsecured. The exposure in the current climate and with a growing history of clubs going into Administration is too great.