Re: Bulls in Admin - your thoughts ! : Mon Jul 02, 2012 9:36 pm  

I am going to say this again for the umpteenth time

The licensing DID pick this out, one of THE biggest names in auditing looked at the Bulls books and said they were fine.

What NO ONE could have forseen, or taken account for, was the Bulls bank pulling their overdraft.
That is what precipitated the Bulls collapse

This is no way, shape or form the fault of the RFL. If anything they have done the best they can to help the bulls, just as they do with any other club.

Re: Bulls in Admin - your thoughts ! : Tue Jul 03, 2012 6:11 am  

Code- the def of an overdrarf is spending money you dont have! Bulls were never going to recoup that money! Of course the bank pulled the I overdraft-the bulls had previously had to sell almost the only asset they owned in the shape of odsal-that alone would have set the banks alarms going and it was clear from then that it was all going to s**t. I feel sorry for the players and staff but hey- where was all the rugby league community when fax, Rochdale, donny, Oldham etc were in trouble?

Re: Bulls in Admin - your thoughts ! : Tue Jul 03, 2012 10:16 am  

If Bulls do fold who will replace them next season - If anyone?

Re: Bulls in Admin - your thoughts ! : Tue Jul 03, 2012 12:05 pm  

jools wrote:

Code- the def of an overdrarf is spending money you dont have! Bulls were never going to recoup that money! Of course the bank pulled the I overdraft-the bulls had previously had to sell almost the only asset they owned in the shape of odsal-that alone would have set the banks alarms going and it was clear from then that it was all going to s**t. I feel sorry for the players and staff but hey- where was all the rugby league community when fax, Rochdale, donny, Oldham etc were in trouble?

Many have overdrafts, and loans that they are perfectly capable of servicing but not reducing in a short period

Countless companies have gone to the wall because banks pulled their overdraft facility when the company was previously running well and in profit

I think you are not understanding how the world works

Re: Bulls in Admin - your thoughts ! : Tue Jul 03, 2012 12:11 pm  

Or the corporate World, at least.

I've just been browsing the threads on the Bulls forum. You've got to feel for the fans, Mick Potter and the players. On a lighter note; I also saw a clip of Brendan Guilfoyle (sp) at the fans forum last night. You'd think a chartered accountant could afford a better syrup than that! Jesus H Corbett! It looks like a skinned kitten!

Re: Bulls in Admin - your thoughts ! : Tue Jul 03, 2012 12:27 pm  

On the topic of players I see the bulls players are royally being shafted

If anyone from the club reads this / or someone has the contacts to suggest it just think of the PR coup and goodwill to potential recruits of both staff and new fans - if the Giants offered support for training and sent coaching staff over.

Just a thougt

Re: Bulls in Admin - your thoughts ! : Tue Jul 03, 2012 12:42 pm  

Code13 wrote:

On the topic of players I see the bulls players are royally being shafted

If anyone from the club reads this / or someone has the contacts to suggest it just think of the PR coup and goodwill to potential recruits of both staff and new fans - if the Giants offered support for training and sent coaching staff over.

Just a thougt

I wouldn't want any of our staff going over there. The bulls hierarchy have got themselves into this mess and should sort it out themselves. The way they and the administrator have acted they deserve no help at all from any club in SL. For the bulls to kick on from this situation I think they'll need brand new owners who've had nothing to do with the situation the club finds itself in at the moment.

Re: Bulls in Admin - your thoughts ! : Tue Jul 03, 2012 1:37 pm  

Code13 wrote:

Many have overdrafts, and loans that they are perfectly capable of servicing but not reducing in a short period

Countless companies have gone to the wall because banks pulled their overdraft facility when the company was previously running well and in profit

I think you are not understanding how the world works

The bulls had their overdraft limit decreased due to them selling off Odsal. Their rating changed with the bank because of this and they became a high risk customer who would struggle to pay back the monies owed due to not having the asset of owning the stadium. Poor management and a quick fix has got them well and truely into a mess they may never recover from!!!

Re: Bulls in Admin - your thoughts ! : Tue Jul 03, 2012 3:20 pm  

pep1505 wrote:

If Bulls do fold who will replace them next season - If anyone?

Halifax were close to getting in last time... could have our derby back.

featherstone have been the champs in the lower division too

Re: Bulls in Admin - your thoughts ! : Tue Jul 03, 2012 3:22 pm  

Code13 wrote:

On the topic of players I see the bulls players are royally being shafted

If anyone from the club reads this / or someone has the contacts to suggest it just think of the PR coup and goodwill to potential recruits of both staff and new fans - if the Giants offered support for training and sent coaching staff over.

Just a thougt

we need to concentrate on our own team at the moment!!!

anyway brian noble is supposed to be taking over for them.