Amazing Move and will come as very welcome news to such other benefactors as John Wilkinson, David Hughes, Ken Davy etc etc who are now protected against loss by the RFL.

I dont think the RFL have thought this through.

With regards the playing staff, i wouldnt be surprised if a predetermined nfl style draft as already been taken place with picks going on size of contribution to the bail out fund

I am really pleased you have something inplace that will hopefully help you to keep in Super League.

No they're not.

No you are quite wrong -what you say would apply if the club is liquidated but this move ensures that will not now happen.

Administration is about finding a buyer who can settle the debts - the chief aim of the administrator is to protect the creditors.

The other 13 clubs now take on the debts of Bradford Bulls and IMO the clubs will not want that to be anything other than a temporary situation. Either a buyer comes along willing to pay off the debts or Bradford's TV money will be used instead with the Bulls no longer in Super League.

Sorry, that's just nonsense.

Techincally, I think they have.

But these are small, in real terms and don't present much risk when spread around thirteen parties.

Tried to check what the BBC was saying but the site is down due the number of other Bulls fans trying to see what is going on? or maybe there is something else in the news?

But seriously would I be right in thinking that an offer of £1 plus the value of the debts (£500k?) would be acceptable to the SLE, plus you would need working capital to see the club into next season after banking the GF winnings that is

Are the debts only 500k ?

The RFL estimated the debts at £1m. A lot less than the number BG has been throwing around



Might tempt some people.

Fans won't buy season tickets until they know the club is safe so that is a lump sum which can be counted on.

A retweet by fithandlast says rfl reject sle offer am trying to find if true or wind up. Just read it proper its a wind up sorry folks my error

the SLE will have the working capital for this year as they can always use next years Bull's sky money for that and to settle debts as the Bull's wont need it when relegated to Championship....Unless a buyer comes in with an offer equal to what has been spent already

You really are one brave or foolish individual, telling FA the lawyer that he is wrong on a matter of law.

Administration is anyway about protecting the bsuiness from its creditors - you have it the wrong way round - whilst an outcome is achieved that is best for the creditors whilst at the same time seeking to preserve a business as a going concern as far as pacticable.

And you clearly fail to understand the concept of limited liability. The other SL clubs no more take on the Bulls' liabilities than you do if you buy shares in Tesco.

This is too easy this!! Why didn't such a big organisation like SL(E) come forward in the first place and sit back and watch the Bulls organisation be put through the mill, i can't believe it was because SL(E) thought someone would save them when the sure winner option was to intervene as soon as the Bulls went into administration!!!

Who's paying the player/coaching/staff's wages then now? Is Mick Potter re-instated? the BBC Sports 3 min interview he puts a lot of stuff on the back burner for later, something very shifty still going on, i wouldn't be suprised if the RFL are pulling the strings here!!

taken from the hetherington statement as posted on previous page..
"The Super League clubs do recognise the risk, they are responsible for any liabilities going forward. But the future and the prosperity of the Bradford Bulls is much more important than any short-term financial loss that the clubs may suffer"

that means they take on the debts...

Debts "going forward" not historic.

Going forward.... "liabilities going forwards"

They have offered a newco deal to BG , thereby leaving old debts, behind.

As I said before, uncharted waters.

SL(E) will own the newco. An owner wishing to retain the SL licence will have to find some way to make good on old debts when they buy the newco.

If a new owner doesn't wish to remain in SL then they can ignore the old debts.

And GH speaks for all the other 13 clubs?? I find that hard to believe somehow! Everyone's still guessing about as to how much the debts REALLY are! Any club(s) could pull out of this All for one lark at any point! Leaving the other teams to dip further into their own accounts!

I thought Highlanders post said it was a newco with players contracts passed over. that implies liquidation of oldco and all its debts. any repayment of those debts would be ex gratia/without prejudice payments by any buyer. So SLE are only picking up the losses incurred between now and 30th November, not old debts. The other advantage of newco should be that the contingent liability disappears, however as all conditions placed by the RFL on purchase seem to be still in existence, maybe that will still exist too. In which case it is the worst case scenario: no hope of getting out of the championship because of Odsal, however low the rent. Not able to redevelop Odsal because we dont own it. So my conclusion is that the RFL SLE ABC/GSC BMC and BB all need to get around the table smartish otherwise the best option would have been liquidation and start again totally free of anything (other than Bullbuilder).

Is there any source for statements people are making about us staying in SL if a buyer repays the debts?, or is everyone just guessing as gledhill is adamant we're in championship next yr and Platts tweet seems to back him up.

Who is Highlander? How come he/she knows so much?

Contradiction? You say there won't be any historic debt!

There can be only one

1. Oldco will have historic debt
2. newco will not
3. if newco new owners want SL then they make ex gratia/without prejudice payment (AF is that the right terminology?) of oldco debt off thereby demonstrating that the RFL have done their best for creditors and in particular HMRC.

What a laughing stock the Fat Controller is making of rugby league does this mean any club in super league will be saved if there about to go bust or just any of the so called top 4/5 .