Maybe its just mischief making on the back of the Bulls news but some Cas fans are getting excited at a rumour that the Wakey players haven't been paid this month. Don't believe it for a second but how do these rumours start?

I will reiterate that apart from this aspect the Bulls BoD seem to have behaved with a level of incompetency and a culture of head in the sand policies rather than admit they'd fallen from their lofty perch. That doesn't mean we should ignore the other parties involved as the article from Liverpool does.

Idiot fans who can't help themselves spitting acid and spewing bile when it comes to their rivals, even if they have to make stuff up!

We've just spent a fortune revamping Belle Vue, signed a new player just yesterday and recently added a new Director to the BoD, all signs of a club that can't pay it's players wages.

Or maybe these rumours from Cas are the desperate thrashings of a drowning man just before he sinks.

This.

No truth whatsoever. I did here that one of our players hasn't always received part of his wage when he should have though. Just one player mind, thats missing about a third of his salary most months. Can you guess who it is...?

I honestly cant see how the RBS can be responsible for anything other than not wasting the tax payers money!
The time line as i see it is this:
1 The Bulls are in trouble and need some money, the RFL come in with £1m (forget about the spin, the bank are in a better position to know the extent of the Bulls troubles more than anyone else receiving a Bulls press release).
2. As a result of the above the overdraft security is diminished.
3. The Bulls need extra money (higher overdraft) from RBS, who review the situation, because for the second time in a few months the Bulls are out of funds.
4. The RBS Decide that the security is not high enough due to points 1&2 for their previous level of lending so it is certainly not high enough for the new lending, added onto that they would like the Bulls to reduce their level of lending to a more modest level in keeping with their new lower level of security.
5. This creates a new debt added to the HMRC and payroll worries and the huge amount of money needed to fill the hole.
THE FUTURE: They will also have the image rights issue to contend with shortly and the continued running of the club and for that reason, the RBS have quite rightly acted in the correct manner.

The blame lies 100% with the people running the club, and if the people of bradford wish to waste their money thats up to them, but i wouldnt spend a penny until there were assurances that the BOD would resign if the money was raised through pledging.
The supporters are effectively now party to keeping these people in jobs, covering up the mess and prolonging the inevitable.

One thing that does confuse me is the RFLs ability to lend "certain" clubs, vast amounts of money, which only comes out long after the event and usually when its about to disappear. How do these people continue to get away with propping up certain clubs and wasting so much of the games money in the process??

End of the day franchises are supposed to be run like businesses. Someone didn't forsee the causality of selling the ground and that it would have a massive effect on finances. Even the RFL who is supposed to be a business model should have seen that the bank would have withdrawn credit for Bulls if the borrower had no assets left.

I know Bradford are under the impression they don't need to sell players. But surely selling 3 or 4 would raise at least 100-150k and could make all the difference. Considering the situation they're in i'm sure clubs would loan them players without Bradford having to foot the bill.

They seem very stubborn with regards to such a serious situation!

The only caveat to that is in a business of the size and scale of BB, the BoD should have spoken to their bank before taking a decision to sell the lease, particularly if they knew that their credit facility was guaranteed by the value of the lease.

From personal experience, the bank would probably have sought other guarantees, such as personal ones from members of the BoD; I wonder if that happened?

Bradford are in cloud cuckoo land take young Briggs back at Fev they still pay most of his wage and its way over the top for a player who had no SL experience when they signed him to a lesser degree Southernwood at Dewsbury

[urlhttp://www.bradfordbulls.co.uk/news/5791/BULLS%20CHAIRMAN%20CLARIFIES%20CLUB%27S%20BANKING%20RELATIONSHIP[/url
Bulls 'clarify' banking position, do you think Peter Hood is releated to Richard Wright???

just read that, looks like it's all roses doesn't it?

I cant see what £500,000 or even a million pounds is going help that situation? sounds like a drop in the ocean to me!

Ha!! All becomes clear. Save the club and save the Directors having to pay out under the personal guarantees!!

there are so many holes in that statement about the bank it is unbelievable!!!

odsal was an assett of the club, the bank would have lent money on what the club had assets, when the club sold the assets, the bank have less chance of getting the money back, so cut the overdraft.

also the coral stand 3.4 million - a bit over the top for when it was built!!

Good spot.

Thats exactly what it is ! Bail out the BOD who have pi$$ed all the money away and then let them do it again in 12 months !!

Many of us on here have posted on the Bulls forum and tried to convince them not to waste their money on the people ruining their club but it appears they have fallen on deaf ears !

Just let them get on with it now - its their mess and their choice of whether to part with their cash.........

Lets just concentrate on Wakefield Trinity Wildcats...........

some bloody cheek i'd suggest. ted must be kicking himself, these crooks may just have the pr to pull it off.

Think you're right on that - they may well get the terminally stupid to bail them out - that's them not the club.

Did you enjoy your cake?

Just been watching touchline on SLTV, I'm still shocked at the amount of support from the media about the Bulls financial situation, when we got zero in more or less the same type of scenario.
It makes me sick that they would quite happily let us fade away and be forgotten about, while because the Bulls have had recent success we should all dig deep and get them out of the mess. Why are they more important to SL than WTW ???
On a positive note Fox got into the top 5 tries !!! Feed the Fox !!!

It does make you wonder why, its no doubt seen as a big club, can't be any other reason BUT all it does is makes us STRONGER.

I find it hard to offer my support to anyone else other than Trinity and its a shame when we feel like that but reading stuff about the Bulls make me feel that way.

You may as well pop to your local Game shop and give the kids behind the counter some money because bad management has sent the company into administration and they'll find it a lot harder to find work than a bunch of rugby players.

There will still be rugby in Bradford even if this company goes out of business, the fans will still have a team to support and if the players are good enough, they'll stay in work. Tough, that's life.

Said previously the Bulls will come out of this smelling of Roses-apart from feeling sorry for the genuine Bulls supporters, I personally couldn't give a toss about the club but in any event they will not be allowed to fold. The worst they can fear is going into administration like us. If they did that I wouldn't complain it certainly gave us a fresh start and new hope.
What I cannot stomach is all the sympathy thrown their way. They got in the mess let them get out of it!
If all fails I'm sure clubs like Halifax will be watching the situation very closely!

Yes.
I like to think of myself as a fair minded soul, but there does seem to be excessive sympathy for the Bulls when in fact with all the success they have had they should still be flying, not in the mire.
Was sympathetic at first ,but it is being eroded away.
I agree, as someone stated, makes us stronger.

The statement from Peter Hood about the Natwest role in all this makes things either less, or more clear, depending on your viewpoint.

Being a cynical soul, my own view is that the current begging exercise is an attempt to avoid the bank calling in the personal guarantees of members of the BoD; in that way, it could be viewed as saving a few individuals, rather than saving the Bulls. As for the Coral Stand being worth £3.6 million - that's tosh; Mr Hood appears to be one of those people who believes that things are true simply because he thinks they should be.

In the end, I believe the exercise will fail and that they'll go into administration anyway - hopefully that will happen before the 'pledges' turn into actual money; I wouldn't like to see a load of decent Bulls fans ripped off. Maybe Messrs O'Connor, Peacock & Pryce could use the money they've been raising to benefit the young player who needs urgent cancer treatment?

Very good point Bren. I'd rather save the Eastmoor lad.