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Re: The 5 runners and riders : Tue Mar 11, 2014 4:23 pm  
well it won't include any minutes from meetings with the RFL.....unless you count what Woods ordered off the menu.....
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Re: The 5 runners and riders : Tue Mar 11, 2014 4:32 pm  
Extract from RFL Operational Rules:

" SET-OFF

Whenever any sum of money shall be recoverable from or payable by any Member to the RFL .... then the same may be deducted from any sum then due ... to that Member arising out of these Bye Laws or any other contract with the RFL ... Exercise by the RFL of its rights hereunder shall be without prejudice to any other rights or remedies available to the RFL. "
Last edited by Wooden Stand on Tue Mar 11, 2014 4:32 pm, edited 1 time in total.
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Re: The 5 runners and riders : Tue Mar 11, 2014 4:32 pm  
BCFC, although I don't really mind as long as the people that come in do a proper job of turning us around, and not, if I can use the phrase, 'do an Omar Khan'. We need someone to run the club properly, not just save us from the abyss only to let us fall back in once again, like Khan did.
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Last edited by Ferocious Aardvark on stardate Jun 26, 3013 11:27 am, edited 48,562,867,458,300,023 times in total

Re: The 5 runners and riders : Tue Mar 11, 2014 4:38 pm  
Wooden Stand wrote:
Extract from RFL Operational Rules:

" SET-OFF

Whenever any sum of money shall be recoverable from or payable by any Member to the RFL .... then the same may be deducted from any sum then due ... to that Member arising out of these Bye Laws or any other contract with the RFL ... Exercise by the RFL of its rights hereunder shall be without prejudice to any other rights or remedies available to the RFL. "


But nobody suggested the RFL either wasn't owed the money, or didn't have the power to do it :?
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Re: The 5 runners and riders : Tue Mar 11, 2014 4:51 pm  
I think it's unarguable that, over a number of years, quite a few people have made some pretty serious mistakes with their failed business plans which went awry.

All the way from Caisley, who spent the Odsal settlement on players, on his belief that the team would be so good and perform so well that the crowds would rise and rise; through Hood and his, 'let's bring them in with half-price tickets' idea [filched from City, where it was a reasonable success, incidentally] and Omar whose knowledge of how to run a sports club always seemed a bit lacking and then when he was royally shafted by the RFL it was made 'mission impossible' quite frankly, and then Moore and co who got mired in the immediate past [not exactly a first for a bulls board] and jacked it in before they got badly hurt.

I honestly don't believe there is a genuine villain in there. They all did what they thought was best at the time, but as has been said before, After the Odsal money was spent and big cutbacks made and the chairman took his leave, his successors were continually fighting a financial fire - and desperate men are wont to fall back on desperate measures. Blame? Well yes, of course, there's bucket loads but they were all just out of their depth, not villains imo.
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Re: The 5 runners and riders : Tue Mar 11, 2014 5:04 pm  
mat wrote:
Wasn't it the back withdrawing overdraft facility which caused the issue which finally tipped us over edge. We had borrowed 700k from RFL and also had a sizeable overdraft. The RFL bought odsal lease for 1.2million. They only actually paid 500k cash as they deducted the 700k loan from amount paid which board at time claimed they were unaware was going to happen. At same time bank took the bulk of the 500k cash coming into clubs account as repayment if the overdraft facility which they cancelled as they decided that the lease was the security for the facility. Iirc other major cockup was board at time not realising they have to pay vat to hmrc on the sale. Immediate bill from hmrc for 250k vat plus normal monthly paye amount was what triggered pledge appeal.


Correct. Owing the RFL £700k plus having a big overdraft suggests a gradual period of increasing losses, rather than an 'instantaneous' event.
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Re: The 5 runners and riders : Tue Mar 11, 2014 5:07 pm  
Wooden Stand wrote:
Extract from RFL Operational Rules:

" SET-OFF

Whenever any sum of money shall be recoverable from or payable by any Member to the RFL .... then the same may be deducted from any sum then due ... to that Member arising out of these Bye Laws or any other contract with the RFL ... Exercise by the RFL of its rights hereunder shall be without prejudice to any other rights or remedies available to the RFL. "

I'm happy to admit I'm a bit thick, does that mean "if someone owes money, then the RFL will do what they need to to reclaim it"?
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Last edited by Ferocious Aardvark on stardate Jun 26, 3013 11:27 am, edited 48,562,867,458,300,023 times in total

Re: The 5 runners and riders : Tue Mar 11, 2014 5:08 pm  
M@islebugs wrote:
Correct. Owing the RFL £700k plus having a big overdraft suggests a gradual period of increasing losses, rather than an 'instantaneous' event.


OK, so there was no sudden blind panic to raise half a million or die.

I must have misunderstood.
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Re: The 5 runners and riders : Tue Mar 11, 2014 5:10 pm  
Highlander wrote:
The only constant over the last 6 years has been Duffy. He's probably got the best chance of knowing where the skeletons are.

The 2 camps up until 2012 were Hood/Bennett/Duckett and CC. They'll each know their own positions and their dealings with the RFL but can only surmise each others positions.

From then we have Guilfoyle/RFL for a couple of months and then OK/Whitcut & RFL from then.

We need to convince Duffy to write a book. For his pension...

Just slightly off-topic, but I can't help feel the same about Lee St Hilaire, he seems to have been a mainstay throughout our on-field down turn! And because of that I sort of see him at fault. Sorry Lee, but a new assistant down the line would fill me with confidence.
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Re: The 5 runners and riders : Tue Mar 11, 2014 5:12 pm  
Ferocious Aardvark wrote:
OK, so there was no sudden blind panic to raise half a million or die.

I must have misunderstood.

(I come in peace FA.)

Let's not forget it was originally billed as 10,000 fans pledging £100 each too.

We can't be far off that "anniversary" either.
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