Search on for new offers for Bradford Bulls (From Bradford Telegraph and Argus)

• "

  Ralphie wrote:
  

  DennisTM wrote: I've resisted responding to any of this as yet but what I see is a very confusing and misundertood situation. The key issue for both the club and the RFL is the way the Bulls exit administration. In the simplest case, if the Bulls agree a CVA with its creditors and the club (better to say 'company') is sold by the Administrator effectively as a going concern albeit with new owners but importantly with its licence intact and still held by the company, then it remains a member of the SL until the next round of licences are granted. Whether the new company wishes to re-purchase Odsal is merely a red herring. However, if the old company is liquidated and a new company formed then its a matter for the RFL and the other SL clubs whether the newco is handed a licence. You might be aware of Rangers in the SPL. This is the situation with Rangers and the SPL clubs and the SFA stipulated that a company buying the assets of a liquidated will not have its existing licence transferred. I suspect that this is at the heart of the disagreement and it being dressed up as the RFL. ABC want to establish a Newco who they want to take over the rights (for which read SL Licence) of OldCo but not have to meet the responsibilities of the OldCo (for which read debts and existing contracts). On that basis, ABC want to have their keema and eat it.

  If this is the case why do n't RFL come out and state this? All they are saying is that they cannot give a guarantee that the Bulls would be allowed to remain in Super League. I thought that the Administrators role was to sell the club as a going concern, with liquidation being the last option. If this is the intention of the two bidders surely he would have rejected the offers at an early stage since they were not adding anything to what he could achieve. I think that Hull FC were recently bought but the purchase did not appear to require the approval of the RFL or any vote on their Super League status. If the ABC consortium had simply bought the shares in the Bulls before administration they would presumably be the owners of a club with a minimum of two seasons left in Super League.

  Yes but they did not.
  
  CC put them straight to his accouintant matey Guilfoyle.
  
  And the Creditors can whistle is the basis of the stool pidgeons bid.
  Well done RFL you have more moral fibre than my fellow bulls and caisley supporter Raisemeup.
  
  The moral of the story.
  
  Never trust a litigation lawyer.
  
  They will always lead you up the garden path knowing full well they get paid win or lose.
  
  And I am delighted the RFL feel likewise.
  
  The shocking stewardship has done great damage to the game and Bradford Bulls name generally.
  
  This was avoidable.
  
  Even my 13 year old daughter can see the Bulls cannot afford 3 million wage bill"
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