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Bulls must repay RFL loan Thu Sep 01, 2022 5:40 pm  
Bulls must repay RFL loan
Thu Sep 01, 2022 5:40 pm  

Bullseye wrote:
Bullseye Member for 21 years
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Joined: Sat Dec 22, 2001 12:04 pm
Posts: 30939
Location: The Corridor of Uncertainty
https://www.examinerlive.co.uk/sport/ru ... t-24909048

Andrew Chalmers - the gift that keeps on giving.
https://www.examinerlive.co.uk/sport/ru ... t-24909048

Andrew Chalmers - the gift that keeps on giving.
"If you start listening to the fans it won't be long before you're sitting with them," - Wayne Bennett.
Re: Bulls must repay RFL loan Thu Sep 01, 2022 6:11 pm  
Re: Bulls must repay RFL loan
Thu Sep 01, 2022 6:11 pm  

paulwalker71 wrote:
paulwalker71 Member for 17 years
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Joined: Sat Dec 31, 2005 10:51 pm
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Location: Bradford
Bullseye wrote:
https://www.examinerlive.co.uk/sport/rugby-league/bradford-bulls-central-funding-hit-24909048

Andrew Chalmers - the gift that keeps on giving.


As approved by Nigel Wood :CRAZY:
Re: Bulls must repay RFL loan Thu Sep 01, 2022 7:04 pm  
Re: Bulls must repay RFL loan
Thu Sep 01, 2022 7:04 pm  

Bully_Boxer wrote:
Bully_Boxer Member for 18 years
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Joined: Thu Mar 03, 2005 9:19 pm
Posts: 8699
Location: Odsal Stadium
Another secret loan.. that'll go down well in RL circles!! The club must be budgeting for much lower crowds next year, with this on top we are surely placed amongst the lower end of squad spenders in the league.

Next year ain't looking great.
Last edited by Bully_Boxer on Thu Sep 01, 2022 7:21 pm, edited 1 time in total.
Re: Bulls must repay RFL loan Thu Sep 01, 2022 7:16 pm  
Re: Bulls must repay RFL loan
Thu Sep 01, 2022 7:16 pm  

Peter Goddard Member for 1 year
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Joined: Wed Sep 15, 2021 8:38 am
Posts: 215
I assume Nigel knew this was coming as he was in charge at the time of the loan. If this was in the terms of the loan there is no argument, it has to be repaid. Just let's not hear anymore other clubs supporters saying we are favourites and have received preferential treatment.
Re: Bulls must repay RFL loan Thu Sep 01, 2022 7:21 pm  
Re: Bulls must repay RFL loan
Thu Sep 01, 2022 7:21 pm  

bowlingboy wrote:
bowlingboy Member for 8 years
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Joined: Wed Jun 03, 2015 8:56 am
Posts: 981
It's OK though we have applied for £20m levelling up funding for a 30k seat stadium.
Re: Bulls must repay RFL loan Thu Sep 01, 2022 8:27 pm  
Re: Bulls must repay RFL loan
Thu Sep 01, 2022 8:27 pm  

Fr13daY wrote:
Fr13daY Member for 10 years
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Joined: Wed Aug 01, 2012 12:55 pm
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Location: A floating palace of ignorance

Maybe they can make up the deficit on the playing budget by cutting down on other things. Things like:

1. Employing the cheapest option manager.

2. Cutting down on players' pies.

3. Stopping paying in the players' pension payments.

Oh, hang on...
Never trust a man who, when left alone in a room with a tea cosy, doesn't try it on.
Re: Bulls must repay RFL loan Thu Sep 01, 2022 9:14 pm  
Re: Bulls must repay RFL loan
Thu Sep 01, 2022 9:14 pm  

Bullseye wrote:
Bullseye Member for 21 years
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Joined: Sat Dec 22, 2001 12:04 pm
Posts: 30939
Location: The Corridor of Uncertainty
Relegation battle next year.
"If you start listening to the fans it won't be long before you're sitting with them," - Wayne Bennett.
Re: Bulls must repay RFL loan Thu Sep 01, 2022 9:52 pm  
Re: Bulls must repay RFL loan
Thu Sep 01, 2022 9:52 pm  

M@islebugs wrote:
M@islebugs Member for 12 years
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Joined: Mon May 09, 2011 2:31 pm
Posts: 1933
So subsequent to liquidation, the RFL approved the takeover of the club to two men, one of whom never actually turned up, and another who couldn't muster the requisite guarantee to open a bank account. All the while people close to the club and around the RFL said it was merely a front for NW. And it now emerges 5 years later that the RFL provided them with an unspecified loan, which needed to be repaid at some point in the future.

It's almost unbelievable.
Re: Bulls must repay RFL loan Thu Sep 01, 2022 10:59 pm  
Re: Bulls must repay RFL loan
Thu Sep 01, 2022 10:59 pm  

Bent&Bongser wrote:
Bent&Bongser Member for 7 years
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Joined: Sat Jul 25, 2015 10:10 am
Posts: 2792
Location: Here (But Only for the Beer)
All both very sad and utterly reprehensible. Administrator III's preferred bidder (if Bongser recalls correctly (IBRC)) was blocked by the RFL (under Nigel Wood) forcing liquidation and the resulting stigma.

Then the RFL (under Nigel Wood)'s preferred candidates were ushered in. Lowe didn't seem to last very long and now it emerges that a face-saving loan was agreed and is now another millstone around The Bulls' collective neck.

Again IBRC, Wood was paying himself just shy of one third of a MILLION pounds per annum at the time!

Yes, Bullseye (good evening, hope you are well), Bongser will attempt to be careful!

Whatever happened in those dealings, no one could argue that there was not, at best, gross incompetence and, as the Mouth of Sauron, there is blood on Rimmer's hands too.
Re: Bulls must repay RFL loan Fri Sep 02, 2022 6:54 am  
Re: Bulls must repay RFL loan
Fri Sep 02, 2022 6:54 am  

bowlingboy wrote:
bowlingboy Member for 8 years
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Joined: Wed Jun 03, 2015 8:56 am
Posts: 981
Nigel Wood has been involved since day 1. However forget that fact it's unbelievable that the RFL turned Thorn & Lamb & Irvine away to choose Chalmers and Lowe a consortium that was vetted financially sound and the best choice going forward for the club. That financially sound they didn't actually have any money ti buy it or run it. That in itself is totally incomprehensible. Since admin 1 there has been nobody to blame for the bulls death of a thousand cuts other than Wood, Rimmer and the RFL. Now we are told that the RFL stand to gain by an Odsal redevelopment with a shiny new international RL stadium and headquarters at odsal. All at the cost of the Bulls.
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