www.bbc.co.uk/sport/0/rugby-league/18306934 Another £1.25 million needed on top of the £500k previously raised. The level of financial mismanagement (from the previous numpties) here is quite staggering: "There is progress being made but other things have come out of the woodwork, such as a six-figure loan which we didn't know about." This is now looking very dire I'm sorry to say.

www.bbc.co.uk/sport/0/rugby-league/18306934 Another £1.25 million needed on top of the £500k previously raised. The level of financial mismanagement (from the previous numpties) here is quite staggering: "There is progress being made but other things have come out of the woodwork, such as a six-figure loan which we didn't know about." This is now looking very dire I'm sorry to say.

And the money men didn't know the scale of this a few weeks back when asking the fans for £1m to save the club??

Feel sorry for the fans that cretins like that can ruin a club

They are dead but they don't know it. Sorry for bulls fans they deserve better than this.

They are currently in talks with investors to slap £0.5M in the bank but that still leaves 750K sort and HMRC are wanting their slice of bull pie too.

Not looking too good at the moment for the Bulls, sad really to see a genuine heartland club got to the wall.

Should have gone into admin before Easter. Lunacy not to. Fans shouldn't have parted with a penny.

The 500k would have been a nice nest egg for the new company should they have done the smart thing as businessmen and gone into admin for a pre pack to take over and re-sign all the best players.

One thing that sticks in my craw a little over all this is the small businesses who supply the Bulls and will be put under immense pressure when they inevitably go into admin. Pence in the pound is bad news for small businesses and the wider community. The Bulls couldn't care less about them otherwise they would have sold Bateman and Whitehead to Warrington for reasonable money when they had the chance and cleared a significant portion of their debts.

This. Go into admin, sell a few players, start fresh with no debts.

Absolute joke of a club. And the game's administrators ought to be asked some serious questions.

If this game had the media coverage some of us think it deserves, then it would have been savaged by this ongoing farce.

They are an ailing club.

The money their stupid fans parted with has gone into a blackhole (as predicted) and now the club want even more than in the first place.

I believe some on here gave money. The more sensible could see what would happen

Yep.

Its a risk you take in business when you give credit to other businesses, everyone understands those risks and everyone knows how the game is played - I was "done" by lots of companies in the many years that I ran a business but I'm quite proud of the fact that when my business folded all of my suppliers had already been paid and there was only one creditor left to pick the bones - I'll leave you to guess who that was with the comment "fook 'em like they fooked me over plenty of times".



There's insurance you can take out to mitigate the risks if you trust the people who underwrite the business, I never did and it cost too much anyway unless you're talking of a large monthly turnover, but the only thing that protects you against a business going bust owing you thousands is yourself and how effective your credit control is, if you let it slip or give them a bit longer one month, then that is the time they'll do you.

What must EX players who donated treasured Rings and medals and final jerseys be thinking now?