Re: Peter Hood says Bulls on brink of going bust. : Mon Apr 02, 2012 5:47 pm
Cibaman wrote:
Peter Hood has just said on Radio Leeds that the immediate creditors are the bank and HRMC, no mention of the RFL.
Doesnt sound like there's any immediate prospect of a white knight.
It still seems very vague as to what makes up the difference between the £500k and the £1m. Not clear whether its ongoing losses or whether there are other specific big bills in the pipeline.
It still doesnt give me any confidence that, if the pledge raises the £500k, we will not be in the same situation in 6 months, and all of that money raised by the fans will be wasted.
Still mulling over my pledge/not pledge decision.
Doesnt sound like there's any immediate prospect of a white knight.
It still seems very vague as to what makes up the difference between the £500k and the £1m. Not clear whether its ongoing losses or whether there are other specific big bills in the pipeline.
It still doesnt give me any confidence that, if the pledge raises the £500k, we will not be in the same situation in 6 months, and all of that money raised by the fans will be wasted.
Still mulling over my pledge/not pledge decision.
RFL already repaid, AFAIK. Hence the crisis now the bank pulled the facility. Club is currently paying down the overdraft (enforced - bank reducing teh facility £ for £ on monies banked, I believe). I have posted previously about the tax, and that in particular the club does not have big, old arrears. Most of the liability only falls due in April, I believe.
) explain how the club have ended up with a big HRMC bill THAT THEY DID NOT KNOW ABOUT? My understanding (from reading about it on here some time ago) was that the image rights thing had been sorted or at the very least had been allowed for.
