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| Quote ="Bull Mania"Although very interesting further tweets from Ross below.
"2 of 3 parties bidding to buy Bulls have plans to develop Odsal i personally believe this is happening with next owners"
" "Bulls set to be docked 12 points for entering admin, reduced to 6 if creditors paid in full."
key for me Ross seems to think Odsal development will happen with next Odsal which suggests they could have deep pockets. Ross isn't a Mick for throwing wild speculation like that.'"
yes but develop odsal as a rugby venue or for other uses?
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| Damn, I was hoping Richardson would be one of the serious bidders.
Ross has also put that the parties keen to develop Odsal also have rugby experience, so I think that rules out a few of the other rumoured parties.
I still can't help but feel that the development talk is still all just pie in the sky posturing right now. Surely there hasn't been enough time for any of them to seriously look into the feasibility of doing it or how much it would cost.
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| I have always believed that "real" money men don't do their business in public. I hope this is the case here. If a serious buyer is out there he will probably stay out there in the shadows till he can step forward when all of the "pretenders" have had their time in the publicity spotlight. The RFL and the administrator will be saying one thing to reporters and saying other things behind a closed door.
All we can do is wait and hope this is the case and someone steps forward soon and gives us all a pleasant surprise. Lets just hope it isn't another penny millionaire again who will last one year at the most.
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| Quote ="Bull Mania"Although very interesting further tweets from Ross below.
"2 of 3 parties bidding to buy Bulls have plans to develop Odsal i personally believe this is happening with next owners"
" "Bulls set to be docked 12 points for entering admin, reduced to 6 if creditors paid in full."
key for me Ross seems to think Odsal development will happen with next Odsal which suggests they could have deep pockets. Ross isn't a Mick for throwing wild speculation like that.'"
i'd def take that!!!!!!
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| Quote ="woolly07"I have always believed that "real" money men don't do their business in public. I hope this is the case here. If a serious buyer is out there he will probably stay out there in the shadows till he can step forward when all of the "pretenders" have had their time in the publicity spotlight. The RFL and the administrator will be saying one thing to reporters and saying other things behind a closed door.
All we can do is wait and hope this is the case and someone steps forward soon and gives us all a pleasant surprise. Lets just hope it isn't another penny millionaire again who will last one year at the most.'"
This.
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| Quote ="mat"Thing that people tend to forget is that green has abig advantage over other bidders in that he is major creditor too. ...'"
How is he a major creditor?
I'm not saying he isn't, I don't know, but I am not aware of any specific loans he has made to the club so am curious why everyone seems to take this claim as a given, so I'm just asking on what it is based.
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| Quote ="Ferocious Aardvark"How is he a major creditor?
I'm not saying he isn't, I don't know, but I am not aware of any specific loans he has made to the club so am curious why everyone seems to take this claim as a given, so I'm just asking on what it is based.'"
Ross seems to think Green has a debenture in place acting as security against monies he put in to the club.
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| Quote ="Ferocious Aardvark"How is he a major creditor?
I'm not saying he isn't, I don't know, but I am not aware of any specific loans he has made to the club so am curious why everyone seems to take this claim as a given, so I'm just asking on what it is based.'"
seen it reported somewhere he's lodged a 650k debt as part of the admin. Dont think its one specific loan to club as opposed to general money he's put in over last three years to keep us going.
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| Quote ="Ferocious Aardvark"How is he a major creditor? '"
Because the money he has "invested" into the club over the last 2 years was in the form of a loan, not a gift.
So in a way, both the people that said he'd put no money in, and those who said he must have put money in, are both kind of right. He has put money in, but he's trying to make sure he gets it back.
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| Anyone know if Gareth Roberts is in the running, he was in last time under the guise of Bradford(Park Avenue), he as the money, and before anyone says that BPA are struggling that's because he is running a tight ship due to treading water re promotion isn't possible because of ground issues, he has plans for Horsfall but covenants and the council are preventing any improvements, he is known to have stated he would give it to end of this calendar year if no movement with his dealings with the council he was going to consider other sites.
Two and Two making Five maybe, but I believe it's a no brainer to improve Odsal and rejoin the two clubs at the same site.
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| Quote ="HamsterChops"Making the prediction now. Marc Green will get it back.'"
If so i will be done, i will go watch Batley every week.
Would the RFL really let him take it back on???
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| Also interesting note from Ross in his tweets that the club are just over £1 million in debt. That would be not far off the figure of adding Marc Green's debenture figure to the HMRC bill.
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| The last thing that I want to happen is for a new owner to take over and then in their first interview they issue a rallying cry that if the fans want Super League then they need to back the club.
I think i'd wave the white flag if that happens as they would obviously be reliant on the fans to finance the club, as previously proven.
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| It feels like anyone without wealth, which includes Marc Green, is merely a temporary custodian until Administration 4. And I wouldn't be around to start a thread on it that's for sure.
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| Quote ="Nothus"Ross seems to think Green has a debenture in place acting as security against monies he put in to the club.'"
Yes I know there is a debenture, but was asking what money he has put in and when. I mean, it has seemed obvious for a long time that he or someone must have been putting money in or borrowing from somewhere, as it was difficult for me to see how else ends were being made to meet.
There is a difference between saying you'll advance money only on the security of a debenture (which is what IIRC he did with Whitcut); and taking out a debenture as security for money previously advanced or loaned unsecured. The point being, if he put in 650K or whatever in late July - where is it, and why did we go down? Why not use half of it to pay off HMRC and then argue later?
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| Quote ="Ferocious Aardvark"Yes I know there is a debenture, but was asking what money he has put in and when. I mean, it has seemed obvious for a long time that he or someone must have been putting money in or borrowing from somewhere, as it was difficult for me to see how else ends were being made to meet.
There is a difference between saying you'll advance money only on the security of a debenture (which is what IIRC he did with Whitcut); and taking out a debenture as security for money previously advanced or loaned unsecured. The point being, if he put in 650K or whatever in late July - where is it, and why did we go down? Why not use half of it to pay off HMRC and then argue later?'"
I'd assume it was money put in over his entire 3yr tenure including last year when we made a loss over the season and during this season to fund new coach and players brought in during season. As no accounts have been filed for that period then its impossible to say at what point funds were put in.
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| Quote ="Ferocious Aardvark"Yes I know there is a debenture, but was asking what money he has put in and when. I mean, it has seemed obvious for a long time that he or someone must have been putting money in or borrowing from somewhere, as it was difficult for me to see how else ends were being made to meet.
There is a difference between saying you'll advance money only on the security of a debenture (which is what IIRC he did with Whitcut); and taking out a debenture as security for money previously advanced or loaned unsecured. The point being, if he put in 650K or whatever in late July - where is it, and why did we go down? Why not use half of it to pay off HMRC and then argue later?'"
I think it's more likely that the balance on his loan account has built up over the last 3 years, and when he knew the writing was on the wall he took out some security for it. Most (or all) of the balance could even have been introduced as far back as when he first took control, when we had no money yet still found a way to run the club until the end of the season.
No idea where the figures have come from, can't see how anyone could know unless they've seen the club's books.
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| I don't think Marc Green will be our next owner unless all other parties end their interest.
The RFL took away our membership from the championship realising that Green was going to try and be our owner again. He put us into admin to avoid being wound up and will try and take over again not paying the tax bill. If no other parties were interested the RFL would have to accept his bid to stop the club going extinct, but would quite rightly place us in league 1.
As it stands they seem to be 3 very serious bids (2 sound like they could have some deeper pockets than previous owners, from reading Ross's tweets) If the admin thought the best deal would be to go with Green, the RFL could reject him taking ownership of the club on "fit and proper persons test" and the administrator would have to go back to to the 2 other previous.
That's how i understand it all.
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| TBH at this stage I think if someone paid green the full amount of his debenture he'd quite happily end his interest and walk away. Its clear he doesnt have the funds to improve us and is only treading water to protect the funds hes already put in. There were rumours he was trying to sell us long before winding up orders started.
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| Quote ="Bull Mania"Tweet from Ross:
3 leading parties have emerged to take control of Bulls. Wasps owner Derek Richardson is not one of them.
My guess is Green, Lamb, and Graham Lowe'"
Forgive me for not following this situation fully but it may divert your stress away slightly if I give you a couple of links to read.
It will probably be nowhere near relevant but Dr Koukash is a property developer and did offer to pursue a stadium build for Swinton but there was a disagreement with the council,I believe.
When he took over at Salford,here are a couple of links - [url=http://www.independent.co.uk/sport/general/rugby-league/saving-salford-gives-much-needed-boost-8468476.htmlGraham Lowe[/urland [url=http://www.sportinglife.com/rugby-league/news/article/480/8457892/koukash-completes-salford-dealMr Chalmers?[/url
Mr Lowe has been in ill-health for a number of years.No idea what Mr Chalmers is doing but he does seem well connected.
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| Quote ="dummyrunner"Anyone know if Gareth Roberts is in the running, he was in last time under the guise of Bradford(Park Avenue), he as the money, and before anyone says that BPA are struggling that's because he is running a tight ship due to treading water re promotion isn't possible because of ground issues, he has plans for Horsfall but covenants and the council are preventing any improvements, he is known to have stated he would give it to end of this calendar year if no movement with his dealings with the council he was going to consider other sites.
Two and Two making Five maybe, but I believe it's a no brainer to improve Odsal and rejoin the two clubs at the same site.'"
I wouldn't be impossible and a lot of things add up, especially the Ross tweets about an Odsal development. He was involved in a previously failed bid to buy the Bulls although you have to question his intent when the billionaire was out bid by Marc Green.
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| Quote ="Sensei-Bull"I wouldn't be impossible and a lot of things add up, especially the Ross tweets about an Odsal development. He was involved in a previously failed bid to buy the Bulls although you have to question his intent when the billionaire was out bid by Marc Green.'"
At time of last admin Roberts didnt own park avenue. He only took over january 2015. Think he was involved before then but not as owner. Now he is in full charge and has had a couple of years of trying to develop ground he may see it as a better option to ground share at odsal and place a higher value on club. Think their have been mutterings in past that council wanted to sell off horsfall site for housing which might explain them not being helpful in any planning decisions re improvements.
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| Quote ="mat"At time of last admin Roberts didnt own park avenue. He only took over january 2015. Think he was involved before then but not as owner. Now he is in full charge and has had a couple of years of trying to develop ground he may see it as a better option to ground share at odsal and place a higher value on club. Think their have been mutterings in past that council wanted to sell off horsfall site for housing which might explain them not being helpful in any planning decisions re improvements.'"
That sounds like a golden solution so you can be sure it isn't going to happen!
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| It sounds to me that if he was involved in a bid then his motives might be football and Odsal driven?
It would certainly tie in with the rumour of potential owners needing somebody like Damien Irvine to run the club for them.
I'm certainly feeling more positive than I did a couple of weeks ago. Just ready to have the wind knocked out of me again.
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