From Maislebugs: =#FF0000The RFL have NOT helped the club, they have helped Peter Hood stay in position years after anyone could see the man was wholly incompetent and dishonest.

By SECRETLY lending him 700k they made the situation worse not better. Had their own audit dept looked at the situation they could have made public what was going on whilst our Chairman was telling everyone that the pledeges had been a great success and the club's finances were in good shape. Had they acted then the club had a number of options,

1, A smaller loan with input from the RFL to reduce outgoings.
2, RFL oversight of signings
3, Change the board
4, Enter admin but still holding the lease.
5, Launch the pledge

The RFL were registering new players at the club while owed 700k?

Despite the club not making one single repayment, they then (apparently without the knowledge of the other shareholders or a single other member club) negotiated to buy the lease. Again they made no attempt to look into the reason why the club could not make any repayments or why they needed to sell the lease. Did Balke Solly, the head of licensing, who is in charge of the process of financial oversight not think that this suggested a problem? They then joined with Peter Hood in explaining that decison with a story which looked shaky at the time but which now can be said to be downright lies.

In the interim period the club have lost the entire sum of money handed over by the RFL plus 500k of supporters money. Clearly the administration of the club is the key problem - a matter I and others have raised time and again, but the conduct of the RFL needs to be looked into. WHY did they enter into not one but two secret arrangements, particularly as the club had breached the terms of the first one? Where were the RFL auditors? What did Peter Hood tell them for them to act in this manner? What did Nigel Wood tell the RFL board to get them to agree to this?

Nobody screamed for administration. I and others pointed out time and time and time again that the people running the club were not up to the job and should stand down. Where we are now is an inevitable consequence of these warnings not being heeded. This is a wholly preventable disaster.


This is the most accurate posting I've seen in several weeks. Am I alone in hoping that when this nightmare is over there will be a proper post mortem? It won't help, I know, but it will make a lot of us who have supported Northern/Bulls for decades feel a bit better.

Would it not make sense for some sort of agreement between all parties? If Khan gets the nod he will surely be looking at ways to maximise the use of the stadium?

I think this is the best way forward. I would probably go and watch BPA as well if they moved to Odsal.

I think too much is being read into the YP article.

The way I read it, the other SL clubs have all agreed that SL should remain a 14 club competition and have been updated on the progress of the bids for the Bulls.

There doesn't seem to be any guarantee that the Bulls WILL be in SL next year, and I suspect that if there isn't a business plan that addresses the historic debts then the Bulls will lose their licence.

Simples

the Jamie Langley article in the tna today confirms RDMs interpretation, that one obstacle is out the way whatever else remains

Fingers crossed eh?