The Virtual Terrace • Bradford
Bradford don't have a loan from the RFL now. When the RFL bought the lease they subtracted the loan from the selling price of the lease so the loan was repaid years ago.
With respect to the administrator, the lease was sold about 2 months before admin 1, in fact selling the lease was the final straw that made admin 1 inevitable. The lease was an asset which helped secure a bank overdraft. When we didn't own the lease anymore, the bank called in the overdraft resulting in Our chairman making his public appeal for £500k, I guess to pay the bank and stop them putting us into administration. Fat lot of use that was, including my £400 for me and each of the 3 kids who'd followed the Bulls/Northern in my case
With respect to the administrator, the lease was sold about 2 months before admin 1, in fact selling the lease was the final straw that made admin 1 inevitable. The lease was an asset which helped secure a bank overdraft. When we didn't own the lease anymore, the bank called in the overdraft resulting in Our chairman making his public appeal for £500k, I guess to pay the bank and stop them putting us into administration. Fat lot of use that was, including my £400 for me and each of the 3 kids who'd followed the Bulls/Northern in my case
Statistics: Posted by Mirfieldbull — Mon Aug 19, 2019 1:35 pm — Replies 92 — Views 3479