Don't, don't don't believe the hype.

Same dog, different hair on.

By the grace of God go we.

Least they have started something.

six serious interested parties have registered expressions of interest according to administrator on radio leeds this morning. several look very promising with regards to amont of funding they have available,

www.loverugbyleague.com/news_241 ... um=twitter

www.loverugbyleague.com/news_241 ... um=twitter

That all sounds positive, just have to wait and see....the waiting and sense of helplessness is a pain. Fingers crossed.

Thats my thinking too.. For me - it's Rohan and the team I'll be supporting and buying my season ticket once we have an owner.

I maintain we are on the brink of getting somewhere under his stewardship and the youth setup we have and I'm not prepared to walk away from that

I don't think our troubles for next season will come due to the ownership, the most damage to our future will come from the RFL, judge jury and hangman without governance.

Sometimes I wish I didn't care, but I do

My thoughts too Errol.

I expect us to get a new owner soon. I personally hope it is Lawn.
The main danger after securing a new owner is losing half a dozen players that currently give us a chance next season. If we get away with 6 points and keep our key players we can still finish top 4. The squad we have now would definitely have finished in the top 3 this season - so why not next year as long as we are financially sound and only 6 points behind. 12 would be very difficult for top 4 but I still wouldn't expect us to go down as this squad should be able to beat most teams except the top couple.

That is my optimistic view and I am sticking with it till I am persuaded otherwise.

I'm sure we can rely on those clever bods at the RFL to let the most suitable bidder who passes all their thorough tests to be allowed to take over the Bulls.

I mean, thats worked well over the past few years hasn't it?

and mine well

Never be confident when there are no plans to build and the only engine started is on a bulldozer.

Anyway, back to you guys ........

I'm presuming that you've just got to take a long-term view. Where will you be in ten years time? No reason why you can't be where you once were. You've just got a tricky two or three years ahead. Your main problem is perhaps Leigh, whose distorted success has probably convinced the RFL that it's a great system. Once there have been a few years of no one getting a sniff of the top flight, there may be a reversion to one-up, one-down. That is the only way to get promoted without someone shoving a heap of money in on a gamble.

Errol - we have both been going too long not to care. I will still be there no matter which league we are in. Just give me a team to support is my only wish.

The problem isn't Leigh [iper se[/i - investment in the game can only be a good thing, the problem for Bradford, and all clubs, is the RFL and their running (or ruining?) of the game.

This episode, with hopefully a club still standing once resolved, has convinced me to join Bullbuilder.

Size of the debt is irrelevant, it won't be repaid, not by anyone.

We have already lost Championship status.

Bradford bulls Norther Ltd is in administration and is no longer a member of the RFL or the Championship.

Sure, someone "might" come in, pay everything off, buy BBNL off the administrator and we all crack on. In other news, flocks of flying pigs are circling Odsal. In reality, someone will acquire the business of BBNL from the administrator for a song, and in the form of a new holding company. They will do so only if and when the person or persons controlling the new company pass the fit & proper test and the RFL agrees to admit the NEW CLUB to membership.

There is indeed a continuing entity, only a virtual one, but the one that is real to us fans, "the Bulls". Ironically it is much more real to us than the company shenanigans, but it would best be described as the "soul" of the operation, and sort of lives on floating over and above all the shoite, in a virtual bubble. If someone has the money to commence Bulls Mk. VI (or whatever it is now) then they get to look after the bubble. If not - it bursts.

The size of the debt is very relevant to the investor/s coming in.Not only does it show the failing areas,but points to the ones that require investment.Yes they may get it for a song,doesn't that allow for further investment though? Either way I think it needs a clean slate to start with.

Imagine say the debt was £1.5m. You'd need to agree to pay the lot to qualify for a mere 6pt penalty. With a 6pt penalty I reckon we'd still get in the top 4 and so qualify for some prize money, though it wouldn't wipe out the initial outlay. Plus you'd have to factor all the running costs and overheads for running the club. So call it £2.5m to pay off the debt and run the club for a year.

Might it make more financial sense to a buyer to offer say £250k for the club and take the 12pt penalty, maybe miss out on the top 4 but at least be at least be £1.25m better off

There's no real incentive financially to pay off all the debt.

And that's understandable but utterly perverse. I don't like, for example, the thought of my beloved club being instrumental in bringing hardship to small companies and suppliers.

...again.

Not just a case of buying the company and paying off the debts or not as the case may be. You currently have a squad of FT players on FT contracts. You have several hundred season ticket holders who have stumped up cash already which I am assuming has disappeared into the black hole that is BBNL in administration. There is only 200k or so to come from the RFL next season. What does the new owner do, there are a million and one things for the new owner(s) to consider before making a serious offer. In otherwords they have to have a plan not just to provide the dosh to buy the company, they also have to show the RFL their plans for moving forward in reapplying for membership at which point the RFL can decide on the final sanction. This final sanction could in effect kill or seal the deal depending on the new owners intentions. I really hope it gets sorted quickly for all the loyal fans' sakes.

But how would you feel about the club reneging on it's debt to presumably it's biggest creditor?

Would you prefer someone to come along & pay off a percentage of the debt, take a points deduction, & stay in the Championship or, start from scratch debt free in Division One (if that's even allowed)?

My personal choice, not that it counts for anything, would be to stiff the taxman and pay off as many of the small and medium enterprises as possible. They will be operating on the slimmest of margins in my instances, and as I say I really feel uncomfortable that they suffer through 'our' perpetual incompetence. I doubt that approach would be compatible with a reduced points deduction though.

Not paying the debt in full would I expect drop us into League 1. Probably would cost more than the debt over a few years. The players would still expect their contracts to be honoured!! The debt is worth paying to have a club in the championship with a full squad rather than a part time squad in league 1. But I'm just a fan and think us paying our dues is the right thing to do.

media.therfl.co.uk/docs/Insolven ... %20PDF.pdf There you go pumpy.

media.therfl.co.uk/docs/Insolven ... %20PDF.pdf There you go pumpy.

[url= www.bradfordbulls.co.uk/news/pos ... g-togetherLink to the latest info/url So at least 6 bids so far. At least someone thinks we're worth saving

[url= www.bradfordbulls.co.uk/news/pos ... g-togetherLink to the latest info/url So at least 6 bids so far. At least someone thinks we're worth saving

I'm not sure there'll be a lot of small creditors. They will have mostly been asking for up front payment.

The two main ones would seem to be Green - £650k
And HMRC - between £35k and £250k depending if the administrator and/or new owner is allowed to still challenge the VAT calculation.
And one of them can whistle for their money, at this moment in time.