thehivelondon.com/news/london-br ... ng-future/

thehivelondon.com/news/london-br ... ng-future/

Good for them. 6 pt deduction and half their Sky monies to be split between the rest of the league is the precedent set, I believe.

Why? It states in the article that this deal means that they will avoid going into administration.

Also,it was your then owner who 'offered' to take a cut in Sky money to buy your way into Superleague post administration.

Salford didn't go into admin either as the Dr swooped in and bought them in the nick of time so no deduction for them, without a full squad I think they may be on borrowed time unless a miracle of gigantic proportions takes place.

How does this help them avoid admin as there are no details. Some are saying the have dispensation on the quota as well which would be unfair as well. Hope RFL havent helped because If debt free and quota removed and there is Still relegation they could spend silly just to avoid bottom 2 this season. They could also be after a few bulls players as well.

Who is going to get the bit of 'our' Sky money that London were going to get?

Maybe both Bulls and London will keep the bit of money which would have gone to the other club?

Great news for the long suffering London fans. There may not be loads of them but they've been through the Mill just like us and had to follow them at countless new grounds.

How about some players going to London on loan? could relieve our wage bill but not permanently deplete the squad.

How about Purtell, and possibly Olbison and Conroy. 3 players we can possibly manage without at a push?

Not easy to see how they will avoid relegation with no team in place so close to the start of the season. Maybe this could prompt more changes to the proposals for reorganisation as it never seemed likely you could square London's relegation with the aspiration to expand?

That's very true and worse for London is that it's more difficult to give any leeway on relegation as an 'expansion area' club when they've been going for around 30 years or so if you include the complete history from their formation as Fulham back in the neolithic period.....

To be honest, despite the odd one coming on here to make trouble, I feel a lot of sympathy for our friends in the capital and it can't have been easy running a rugby league team down there and I hope things turn round for them.

That would be almost like folding Gateshead and giving their money to Hull as a development area. Oh wait a minute............

Ha ha, yeah, must admit I've totally disregarded the precedent

That would almost be like sheffield folding and giving there money to huddersfield as a delelopment area ... Oh hang on a minute ....

That would almost be like sheffield folding and giving there money to huddersfield as a development area ... Oh hang on a minute ....

Great news.

I am pleased at the news of survival, and it will be interesting to see the RFLs response.

Will there be penalties? Because if there is, how can they expect a new venture to have any chance to survive in this increasingly hostile austerity and cutback's situation we find ourselves faced with?

PS: If London went into a CVA like Salford, it appears that this doesn't count as administration, so therefore no problem with points deduction, or withholding of SKY compensation, or the Super League License?
Personally I do feel that we should give them as much help as possible, for the sake of the game.

Fingers crossed it works out. No true RL fan would want them penalised further, it's hard enough down there as it is. More good work by the RFL by the sounds of it.

Don't know about that, but if a major creditor is HMRC, I can guarantee they would vote against, and then it would be academic.

Their own accounts to 30/11/2012 shows them owing "Taxation & Social Security" of £367k so it could be larger now

agreed. No mention of oseas quota being lifted in the press release (which is similar on both RFL and SL websites), so likely a few Bulls will be going. But who?

London never went into Administration and as far as I am aware the same guy is still bank rolling them for 2014.

So the only change is the change of venue.

This is what puzzles me. Hughes was obviously bankrolling the club, so where did the threat of administration come from? Was it simply the threat of Hughes walking away?

The announcement of them avoiding admin recently never actually mentioned any investment in the club, only the ground share at Barnet.

Makes you wonder. If no investment or overseas quota lifted have the rfl said they wont be relegated next year which has persuaded hughes to keep going.

Nope...we used the Bulls 2014 SKY money to settle that bill