The players are leaving at speed now. 4 in 24 hours

I'd imagine that's more of a RFL wish than a have to list. It stands to reason that the more someone can offer the more favourably their bid will be judged.

Indeed they are. Also likely to be announced - Clare to Leigh, O'Brien to Hull FC, Sidlow to Toronto/Hull KR.

Not much left to form a team for the season opener in a couple of weeks time. Makes you wonder if the best option would be to have a year off and reform in 2018 without the 12 point penalty. All I can see if the RFL's plan comes to fruition is an even slower death. Bulls might as well take their medicine now and build for the season after this one IMO.

To be fair, they are not leaving, they have all been made redundant so have already left.
It should be seen as good news that these guys are getting contracts to cover them through next year.

It is seen as good news PT - for the ex-players. But it is bad news for any future owner and the fans who were hoping most would be taken on under a possible new regime. Rohan Smith won't be too happy about it either.

You can be certain that if my job was stopped because the company I worked for went into liquidation there wouldn't be a cat in hell's chance that i would wait around (unemployed) for a potential new owner to come along who may or may not have enough capital to offer me a contract which suited. I'd be off like a shot and I'm 100% certain that faced with that situation any one of us would do the exact same thing.

The fans have to accept that they don't have a club, and that any club which is formed isn't going to be able to be like the old one. They won't be able to have 50 players on the books as the money and players simply won't be there.

Nobody is saying the ex-players are doing anything wrong. We are taking about what is perceived as good news to some might not be so good to other parties.

I know this will appear as stirring the pot but, does anyone know the details of the offer that was rejected by the Administrator.
To the man on the street, surely, this offer, however poor, would have allowed a Bradford team to be "ready to play".
The liquidation appears to make the situation (regarding having a club in Bradford) much less of a certainty and with the new season almost upon us, is there a plan to start with one less club.

No, and we likely will not ever.

Things seemingly afoot today though.

The administrator has to act to the benefit of the creditors and it was his view that liquidation benefited the creditors more than the offer on the table to buy the club. How I don't know but that is it. Also I reckon Leons FB invite to the club for the remaining players to meet the new owner, missed out the word 'potential'.

Indeed. Nobody's bought anything yet.

Derek Richardson's name has been banded about all afternoon and, now post player meeting, all the more.

Looks true and looks to be leaked by a player to his father, who had been posting on your board, Leon Pryce not happy, reckon there is a worried Bradford player right now, I hope this won't jeopardise any deal in place. Good luck.

Well it's a known name on a public website. It has kinda been put in the public domain.

That was made known by me, not whoever is behind that account. I'm putting my hand up now. If it fails because they admitted it in a public way and need someone to blame come to me and not whoever that kid is. I was on the Companies House website looking for some other Bulls related fact and ran right into it.

www.loverugbyleague.com/news_245 ... ocess.html The RFL has explained the process to seek expressions of interest to set up a new professional club in Bradford...

www.loverugbyleague.com/news_245 ... ocess.html The RFL has explained the process to seek expressions of interest to set up a new professional club in Bradford...

That's a good solution, actually. Let's pretend that was ever happening.

https://beta.companieshouse.gov.uk/company/10548988

https://beta.companieshouse.gov.uk/company/10548988

Or let's not. Fine, Whatever.

That is disturbing.

I would guess nobody would offer to buy the company as they would be buying into big liabilities. So, the administrator would be left with selling the business and certain assets. But what would they be - a bit of training kit and goodwill (for want of a better term).? So any offer I guess would be negligible, meanwhile keeping the company would presumably just run up further debts to the detriment of creditors? So liquidation would seem logical. The liquidator can always then sell the training kit, goodwill etc. to an interested buyer.

Does anyone know if there is a specific rule regarding the 12 point deduction? I know that there are points deductions for administration, but it seems to me that this "new" club will be just that, given they will effectively have to start from scratch with no employees and no contracts in place. It seems unfair they will have to carry over points deduction from a defunct club which was previously based in the same geographic area. I would see things very differently if this were a standard flat pack administration where de facto the same club rises from the ashes of the old one, but that's not happening here, whatever club (if any) comes out of this will have a materially different basis to the defunct one.

I notice they didn't mention where the club is to play, an issue which creates a major conflict of interest for the RFL. But it any case it's a bit optimistic expecting that bidders can work up a serious proposal in under a week, especially given the serous handicaps being handed out. [iUnless[/i of course the RFL knows a bid is in the wings already?

And the line from Petitt's statement about one of the negative factors towards a sale being the "quality of management information available" would suggest to me the liabilities are not actually known. So big liabilities and no actual ceiling to how high they may go. No-one in their right mind would want to get involved in that.

Yes there is one - basically the RFL can do whatever they like, with no appeal process.

RFL rules

"4.7 In the event of a member ceasing to be a member upon notice from the Company by virtue of Acquisition, Change of Control or Insolvency Event, the Board, at its absolute discretion, shall have the right to readmit the member or admit a new member as a member on any terms as it sees fit, which for the avoidance of doubt, may include financial, administrative and/or sporting sanctions. In the event of membership continuing the Board may determine that membership shall be deemed to continue to subsist as if the member had not ceased to be a member at all. The Board will from time to time set out policy for the exercise of its discretion but is not bound by such policy or precedent decided under such policy or previous policy and the Board shall be entitled to amend any policy with immediate effect.

4.8 The Board has the right (but not obligation) to stipulate in advance of an Acquisition. Change of Control or Insolvency Event, whether or not a member will be readmitted or a new member admitted in such circumstances and to stipulate what terms it will apply."

In this case, they feel they are giving an advantage to Bradford, in allowing them to stay in Championship, so need to offset that with a disadvantage - 12point penalty.

I've followed this sorry saga for quite a while, but it's all got too murky for me now.

I could list a number of questions but I'll just ask one.

Has the club been liquidated?

Nope , not till Monday

I'm just the same , been trying to keep up but now given up , too much underhand stuff going on

A complete mess really , my vote goes on asking Barrow or a Cumbrian club to take a step up and consign a Bradford club to a 2018 start in Championship 1