Whilst it may have been a short term problem, the insurance definitely isn't an issue any more.

And unlike a previous administrator, none of the qualified fitness & conditioning coaches have been sacked, so the insurance hasn't been voided that way either.

Calm down was only offering a possible reason for someone tweeting about this. I can understand how you are all so touchy though.

Green said he had to appoint an administrator, as he couldn't be confident the winding up would be yet again adjourned. That suggests he didn't want to risk the hearing going ahead, and clearly it also means he appointed the administrator, so the purpose of this administration would be to look after the interests of the creditor appointing the administrators, there is only a secondary duty not to positively harm the interests of other creditors while looking after their client.

They have to follow the rules, and that includes having 8 weeks to publish what they plan to do.

If bored or suffering from insomnia, more [url=https://www.insolvencydirect.bis.gov.uk/TechnicalManual/Ch49-60/Chapter%2056-1/Part%207/Part%207.htmhere[/url

So are you saying that he put the Bulls into administration principally to get his own money back?

It's a pity the HMR&C don't actively chase up the likes of Amazon and Starbucks for unpaid tax

To be fair, I saw comment a couple of months before the admin happened with someone (I forget who) highlighting the fact that Green and his wife had just been positioned so that it made sure they were the main creditors. The person at the time speculated if maybe they were setting up for this exact situation.

Originally I thought it a bit nuts, but it looks a lot less nuts now.

Just an aside here, but assuming we pull through again. Given the fact that we have shafted plenty of small business in the Bradford area due to our inability to operate within our financial capabilities, how will we attract the printers of the programmes / food merchandisers etc to work with us? Surely there cannot be a lot of confidence that they will get paid what is agreed in the contract?

After all, the Bradford Bulls credit rating is now so bad that they cannot even pay in cash.

In fairness, it's effectively a new company and a new owner doing business with them (unless Green gets it back), so that's probably the main reason. But the point is a sound one. I suspect there may be a lot of "pay first, goods/services later" deals until some trust is re-established.

This will most probably be the case.

Therefore, we will have to find even MORE money in the short term to potentially "insure" our suppliers up front?

What a shambles!

We'd have to do that anyway as a new company.

Would imagine the new buyer will sort out whichever suppliers they want to continue with and bin off the ones they fonts

Doesn't seem to be much info knocking about. I'm taking that as a good sign that it's all being handled professionally.

Doesn't give us much to go on though.

Subtle difference is that they use legal loopholes to lower their tax liability. We simply don't pay what's legally due. So in that sense they don't have anything to go after.

no it doesn't. I suspect by now the NDAs have gone out to the prospective buyers (as per the T and A article) so we still won't hear much for a week or two?

No.

He did so to eliminate the risk of the winding-up petition succeeding, and the company thus being liquidated.

If you think about it, whether the company is wound up, liquidated, sold or whatever any creditor will only get whatever they are due from whatever is available at that date. You need to get your head round the difference between keeping the body alive, and with it, the hope of someday salvaging something, and allowing the body to die, in which case there's the guarantee of getting only a %age of possibly feck-all.

I don't have any details of the administration so hard to say more.

Don't worry, I get all about administration. I'm a Wakey fan.

At least this Administrator seems more pragmatic and professional than Guilfoole www.thetelegraphandargus.co.uk/n ... _response/

At least this Administrator seems more pragmatic and professional than Guilfoole www.thetelegraphandargus.co.uk/n ... _response/

Quote ="Blotto"At least this Administrator seems more pragmatic and professional than Guilfoole www.thetelegraphandargus.co.uk/n ... _response/'" 12 Interested parties of which 4 Have already returned their NDAs with 2 of those looking to be front runners. Hopefully this can all be sorted by Christmas and the club can start to look at moving forward again

Quote ="Blotto"At least this Administrator seems more pragmatic and professional than Guilfoole www.thetelegraphandargus.co.uk/n ... _response/'" 12 Interested parties of which 4 Have already returned their NDAs with 2 of those looking to be front runners. Hopefully this can all be sorted by Christmas and the club can start to look at moving forward again

Admin hopes to have a new owner in place within 2 weeks



Well we certainly can't accuse these guys of dragging their feet.

Who do we think the 2 serious bids are then? I think Lawn will almost certainly be one of them, not too sure about the other. Lamb perhaps?

Here`s another name to throw in to the pot...and it comes from a current player.

That line "they are people who have been involved in rugby" indicates there may be some truth in it.

The current owner of Wasps - Derek Richardson.

Heard that floating about, must have some serious cash or fantastic marketing to keep up with the union cap!

Also he can send us Kyle Eastmond on loan

Didn't he move Wasps to Coventry. CBB - Coventry / Bradford Bulls. Bit of a trip to our home games but at least the away ones will mostly be near home.

I've always been a pot half full type of bloke but in this case I can't help thinking that the Admin guy is over egging it a bit. I'm a bit pot half empty at the moment given what's happened with the last 2 knights in shining armor.

Quick google of the guy from when he bought Wasps he's got a personal estimated worth of £44m,
Hopefully he will be leading a consortium...

either way could be better than the bed man or a curry shop man?

Some of it sounds pretty good for you they have generated good quick interest however the fat lady comments still make it sound bleak. He states 3 to 5 years to be back where you belong and I take that to mean Super League. Do you feel the fans will accept that it may take that long?