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| i dont think they will be in superleague for 2013 after some of there players have tweeted today.looks like they will be a championship side for 2013 and from what ive read on the bulls board is that the players will become free agents as there contracts will be null and void.
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Club Owner | 9673 | Hull FC |
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Jan 2004 | 21 years | |
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| The only reason the SLE supported us back then was because their investment in Gateshead was about to go down the swanny (they lost approx £750k in about 9 months if I recall). Conveniently for them we were going tits up at the same time, hence the merger. This was just a way to protect there money first and foremost they didn't do it to save us.
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Player Coach | 1438 | No Team Selected |
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| Quote Smiggs="Smiggs"The only reason the SLE supported us back then was because their investment in Gateshead was about to go down the swanny (they lost approx £750k in about 9 months if I recall). Conveniently for them we were going tits up at the same time, hence the merger. This was just a way to protect there money first and foremost they didn't do it to save us.'"
And they won't be doing it just to save the Bulls for sentimental reasons, it will be down to finances and business reasons just like it was with us.
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International Chairman | 37704 | No Team Selected |
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May 2002 | 23 years | |
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| Quote Sebasteeno="Sebasteeno"I remember no loan, i remember us getting both FCs and Gatesheads SL money (£650K - 1.3mil total) to get us restarted and we have lived with the Gateshull jibes from the rest of SL ever since.'"
So how come SLE held £500k of shares in the club, £500k that was eventually paid back to SLE?
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International Chairman | 43414 | Hull FC |
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| Quote cod'ead="cod'ead"So how come SLE held £500k of shares in the club, £500k that was eventually paid back to SLE?'"
Which we had to buy back as they were due to be turned into voting shares too
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Club Owner | 9673 | Hull FC |
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Jan 2004 | 21 years | |
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Yeah who do you think were the creditors? they effectively paid themselves back the money they had lost.
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Yeah who do you think were the creditors? they effectively paid themselves back the money they had lost.
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Club Owner | 7735 | No Team Selected |
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Feb 2004 | 21 years | |
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| Quote Diogenes="Diogenes"Guess it means there won't be a fire sale of Bulls players now.'"
Apologies if this has been mentioned, but they still need to balance the books. Expect the see some departures and to see them nailed on for a licence.
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Club Owner | 7735 | No Team Selected |
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| Quote Sebasteeno="Sebasteeno"I remember no loan, i remember us getting both FCs and Gatesheads SL money (£650K - 1.3mil total) to get us restarted and we have lived with the Gateshull jibes from the rest of SL ever since.'"
There were 250,000 no voting shares which all the other SL clubs subscribed to in order to make the merged club viable. These were "bought back" in 2004 (ish). The substance of these was a loan.
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International Star | 337 | No Team Selected |
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| Quote cod'ead="cod'ead"Some on here really do have selective memories.
Try casting your minds back to [url=http://www.independent.co.uk/sport/general/gateshead-fold-as-league--agrees-merger-741473.htmlNovember 1999[/url When we merged with Gateshead, we received a loan of £1.25 millions and IIRC Superleague held £500k worth of shares for a number of years.
Stones & glass houses spring to mind'"
That's the one reaon I haven't been too quick to throw my views ino the cauldren, Hudds fan should do the same.
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Club Owner | 7735 | No Team Selected |
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| Quote Smiggs="Smiggs"Yeah who do you think were the creditors? they effectively paid themselves back the money they had lost.'"
HMRC
Lloyd bank

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