ricardo07 wrote:
Have to disagree fully.
Once the RFL secured Odsal, the bank had very little security for
their overdraft.
Much as I hate the banks, the financial acumen of those party to
the deal needs to be questioned.
Surprised that it took RBS so long.
But the deal for the ground happened what, 6 months after licences were actually dished out. Like I said, I'm pretty sure that 9/10 months ago, when licences were being looked at by the RFL board, the RFL would not have known down the line that financially Bradford were going to go belly up, require SL money to be fast-tracked with a view and then their stadium lease bought to cover the debt left.