JB Down Under wrote:
Out of interest how did they lose 1.2million quid and over what period of time has this debt been building? I get the sense that maybe they couldn;t pay the rent on the ground and that is why the RFL stepped in to buy odsal so they weren;t kicked out and some clause invoked that allowed redevelopment of the ground?
Shame when you look at how they revolutionised the off the field game in early SL days. I guess nothing lasts forever?
Nowhere does it say the club lost £1.2m. Be careful of drawing false conclusions from selective bits of info released by the new board with an axe to grind with the old.
The Bulls paid only a peppercorn for Odsal. There was no unpaid rent. It was not that sort of lease, else how could the Bulls have sold it?
Still a big cash black hole to be explained though. Maybe we will gain some enlightenment tomorrow, when I gather Hood seeks to refute what the new lot have said in League Express?