I think they will have to go some to get everything finalised by Sunday. Remember that at this stage it is still only a formal submission of an unconditional bid, nothing more.

The SLE bid will be, to pay running costs to the end of the season , to pay a % of debts ( much of which will be to the RFL ) , then if no buyer is found to operate as a Championship ( NOT C 1 ) till the next round of licencing, whereupon if qualified ( win 2013 NRC ) they will be in a position to return to SL, and then put up for sale

They will play at Odsal on a reduced rent until then

The question being, who will relpace them till then?

The Bulls are now effectively a Championship club

But if its a newco then there won't be any debts to repay will there? Why would they have to pay off expunged old debts to play in SL but not in the championship?

Geniune question, goes over my head much of this. Could, in theory, Guilfoyle reject the bid as not a good enough deal for creditors? Isn't, along with trying to the best deal for the club as a going concern, getting the best deal for the clubs creditors part of his remit? If the plan is for a newco and thus wiping the debts then is there a chance this could happen? Could he as the adminisrator give preferred bidder status to someone else?

Just on this marginally interesting front, SLE used to own a batch of shares in Hull FC - redeemable, convertable Ordinary shares which had no voting or dividend rights.

The 2003 Leeds accounts tell us that, "the investment relates to the purchase of £250,000 worth of shares in Hull RLFC by Super League Europe Limited (SLE). SLE holds these shares as the authorised agent on behalf of the twelve clubs who participated in the 1999 Super League season. "

i.e. SLE put some initial capital into Gateshead to get the club up and running. Somewhat different to the case of the Bullies, but a precedent of sorts for the other clubs having a stake in another member club. (The 2002 Hull Annual Return also shows a tasty batch of Hull FC shares owned by a Mr G Hetherington but that's another matter entirely).

Not from me.

I hope you survive as a SL club and not just a SL owned club! The fans and staff are a credit to Rugby League.

I suspect what is going on here is that the RFL through its proxy SL Europe is looking to protect its investment; Odsal and the integrity of the league structure. They are hoping that someone will come along witha an offer in the close season that will allow Bradford to continue, hopefull in Super League.

Anyway, good luck guys and gals.

Er, Leeds. Obviously.

In terms of our owners, I can't envisage a scenario where SLE would want to own a club playing in another competition.

I realise we can't be supported indefinitely, but I am more confident of our SL future today than at any time previously.

A SLE owned club will automatically become a Championship club, as soon as the bid is accepted, the RFL will inform whichever club they want to replace them, to wait any longer would be grosly unfair to the rest of RL

Id suggest exactly the opposite , to own a club in the same competition would be a huge conflict of interest, you will be visiting the LSV next year

16 ways. One share goes to the Championship clubs !

Unbelieveable Geoff!

They might not bother with a replacement. 13 club SL next year? It wouldn't require a new sky contract iirc.

Pot calling kettle black, FA. why didnt you do the text in white, it is far more appropriate for a blue background than blue text which has disappeared into the great blue yonder. otherwise, love it. In fact I am so inspired by it I am going to put my new avatar on, foul language included, so you can see how to do text.

I still don't understand this. There is too many confusing thing happening. None of it really makes sense.
Question 1: Why are we still getting 6 pts deducted if we are getting thrown out next season anyway? Is that not getting punished twice?

Question 2: Has anyone actually stated for a FACT that the club will be out of SL next year unless any potential buyer clears the debts? Is that not imposing conditions on the sale? I thought the RFL didn't like conditions?

That is the default penalty for going into administration. What happens after you're in admin is irrelevant in this regard (except for once a bid is accepted/debts are covered by the new owner as with Wakey).

Question 3: How on earth can anyone be expected to make an offer for the club if they don't know what they are getting?

This raises far more issues than it solves imo.

Why is it irrelevant? Wakefield were not thrown out. Why is it different for us?

what a joke.

No, it raises one issue, dont put YOURSELVES in the position in the 1 st place

There is a precidence for this though, several years ago when Hull and Gateshead merged (cough ,cough) they were paid one million pounds to do so. But although everyone assumes the money came from the RFL it was actually taken from the budgets of the other Super League teams and was shown up on the account as our club owning 10% of Hull. I never did find out what hapened subsiquent years to that money.
All this talk of how sorry people feel for those who are working for nothing is very commendable.I felt bad yesterday when I attended an organised social of around 150 people with major disabilities who had booked Odsal for a party some time back and paid £300 deposit.A few weeks back they were contacted twice telling them to find alternative venue and they would not be geting their deposit back. Early this week they were asked if they were coming along to the booking and they replied that they had been told to find somewhere else so they had .So they were reminded they would be only geting 25% back. I felt ashamed to be a rugby league fan , I couldn`t look them in the face they have already had their budgets cut this year.

Are the shares worth anything though. If they are could they be sold?

It would mean 24 matches rather than 27 , no magic weekend with an odd number of games

SLE appeared to sell them on for around 5p a share (presumably either back to Hull or to Hull's owners) in 2004. So, in a word - they were worth **** all. As you would expect shares in a Rugby League club to be. Few people are in this to make money - most are just concerned with trying to achieve a balance between getting a winning team and minimising the losses.

Here it is AF, I have done the first word in black and the second word in red and amber. For you colourblind folks the first word starts with f and ends in g.

How much can us, the fans, raise by the end of Nov? Could this help with any potential buyer who maybe wants to get involved but wants some support?

If the debts are nearing £1m do we need to start again fundraising?