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Re: Bulls in Admin - your thoughts !

Post Tue Jul 03, 2012 3:26 pm
keefie Cheeky half-back
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Posts: 587
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


I think the mis-understanding lies firmly in your court.

Banks will not give overdrafts to limited companies without some security, in the form of a tangible asset i.e. Real Estate, in this case the Stadium, after all I'm sure the Directors would not have put their houses up as a guarantee of repayment.

The RFL purchased Odsal in the belief that their money was going to secure the future of the Bulls, but unfortunately the Bank had no other option than to withdraw the overdraft facility when any nhope of being repaid had disappeared.
The RFL have once again proved to be totally incapable of looking at the bigger picture and realise what effect their action would have.
Yet their brave bid came to a stunning end when Cudjoe stepped out of the defensive line to intercept a pass and then run away for a 90-metre effort. (Times 2)
Roses are red Violets are purple The Giants are sweeter than Maple Surple.

Re: Bulls in Admin - your thoughts !

Post Tue Jul 03, 2012 3:36 pm
Code13 100% League Network
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Posts: 30638
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You're mistaking overdrafts for secured loans

The bank DID NOT pull the overdraft because of the lease
Now at midnight all the agents
And the superhuman crew
Come out and round up everyone
That knows more than they do

Red Dog Films

Re: Bulls in Admin - your thoughts !

Post Tue Jul 03, 2012 4:51 pm
Birkbygiant User avatar
Free-scoring winger
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Joined: Sun Feb 22, 2009 9:59 am
Posts: 2284
Location: Birkby
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



They can't sort our team out, never mind anyone else's, if we hadn't been top of the league before this run of 7 defeats out of 8 we'd be at the bottom of the league with London.

I'm not sure they'd take the offer!

Re: Bulls in Admin - your thoughts !

Post Tue Jul 03, 2012 6:56 pm
jools User avatar
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Code13 wrote:
You're mistaking overdrafts for secured loans

The bank DID NOT pull the overdraft because of the lease



The bank pulled the overdraft because it was clear that the bulls were not able even long term to pay off their debts.
The reason the world is in the mess it is is because banks were lending to people who were not able to pay back the money-the banks were lambasted for this and governments all over the world are insisting they don't carry out this type of lending again.
So the bank pulled the plug.
the future's bright the future's claret and gold

Re: Bulls in Admin - your thoughts !

Post Tue Jul 03, 2012 10:45 pm
Homer Simpson User avatar
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Joined: Tue Sep 30, 2008 2:30 pm
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Location: 742 Evergreen Terrace, Springfield.

Has Bullman & Bull boy gone too, or is the administrator planning on appointing them to coach the team this Sunday ? - seriously this is getting beyond a joke
It's Official - "Homer Simpson is a Leeds Fan"

Re: Bulls in Admin - your thoughts !

Post Wed Jul 04, 2012 5:07 am
Run leroy , run ! User avatar
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Joined: Tue Feb 08, 2011 7:58 pm
Posts: 1224
Location: At my keyboard in sunny hudds
Makes us realise how fortunate we are to have sir Kenneth. Also how important it is that we become less dependent on his financial generosity. That's why ticket prices should increase to normal levels next year , and why rhp s role of business development manager is so important.
That said any professional dealings Ive had with the giants on the commercial side I do find them amateurish and too short term focussed. Eg try finding how to sponsor a player on their website.
Run leroy , run !.... And he did - twice - and we partied hard...

Re: Bulls in Admin - your thoughts !

Post Wed Jul 04, 2012 5:53 am
jools User avatar
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Joined: Thu Jun 09, 2011 12:02 pm
Posts: 6641
Try ringing them up.... :)
the future's bright the future's claret and gold

Re: Bulls in Admin - your thoughts !

Post Wed Jul 04, 2012 6:58 am
Code13 100% League Network
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Joined: Mon Mar 11, 2002 9:09 am
Posts: 30638
Location: Gods Own County
jools wrote:
The bank pulled the overdraft because it was clear that the bulls were not able even long term to pay off their debts.
The reason the world is in the mess it is is because banks were lending to people who were not able to pay back the money-the banks were lambasted for this and governments all over the world are insisting they don't carry out this type of lending again.
So the bank pulled the plug.



Yes the bank pulled the overdraft to reduce their exposure

No they didn't do it because of the sale of the lease.

It's that simple.
Now at midnight all the agents
And the superhuman crew
Come out and round up everyone
That knows more than they do

Red Dog Films

Re: Bulls in Admin - your thoughts !

Post Wed Jul 04, 2012 10:48 am
pep1505 User avatar
Strong-running second rower
Strong-running second rower

Joined: Mon Sep 12, 2011 9:02 am
Posts: 269
Either way it doesnt really matter as it looks like the Bulls are on the way out.

Read yesterday that they cant even access training grounds. Bearing in mind they have made redundent a number of people - Who will pick the team and who is in charge of opening the ground on match day and responsible for crowd safety??

Re: Bulls in Admin - your thoughts !

Post Wed Jul 04, 2012 12:08 pm
Crackerjack Bronze RLFANS Member
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Joined: Tue Oct 29, 2002 6:30 pm
Posts: 4738
I foresee a new Haliford or Bradfax team on the horizon!! :wink:
"[color=#800000]Huddersfield[/color] -[color=#FF8000]The Birthplace of Rugby League[/color]"
[color=#FF8000]They couldnt beat us[/color] -[color=#800000]so they joined[/color] !
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