This

Why would RFL have a tax liability if they sell it back at the price they bought it??

because bulls had a tax liability on money received and the rfl would have the same liability..tax man wins twice!

Sorry I've had a glass of red or 3, but if I as a company purchased an asset and then sold it at the same price, I haven't made a profit so no tax liability

It's the VAT (unpaid) that is being eluded to as the "Tax Liability"
When the Bulls sold the lease they were liable of a VAT Payment to HMRC of circa £250k, which along with around a further £150k of unpaid PAYE is why HMRC issued the winding up order, these figures still remain unpaid and should the RFL sell the lease back to NewCo for around the same figure than they will be liable for a VAT sum of £250k (that's £500k in total then liable for the sale of the lease), so why should the RFL stump this figure up for the lease of this "Iconic Staium" ?

It gets more bizzare by the day...
[urlhttp://www.sportinglife.com/rugby-league/news/article/480/7920178/fresh-uncertainty-for-bulls?[/url

On Thursday Mr Guilfoyle stated that he had received a formal offer for the club and would be putting it to the RFL; on Friday, the RFL state that they have received no such offer.

Got to feel for Bradford fans in all of this - it's potical.

Is there an actual end date to all this that the Bulls cannot go past without either being bought or going bust?
Initially it was 10 days, now that's extended, when has all this really got to come to a conclusion?

27th July was the last date mentioned after the last extension before the extension of the extension before the extension clear as mud

2015 i heard.

This goes on until the Bulls get a buyer simple as that, if there was any other possible outcome this would have been wrapped up a long time ago.

Someones going to have to pay for the running of the club in the meantime, any ideas who'll do that.

This is my thought too, they had to beg the money for this months wages.
Assuming they're isn't enough in the pot next month, do they end on pay day? If not is there a finite amount of time the administrator can administrate before he legally has to liquidate/terminate?

I reckon as long as the administrator dreams up a potential deal, fact or fictitious the RFL will continue donating funds. The Bulls fans wonder why we are are moaning about double standards hmmmmmm.

Its a fact he's the only winner in this, is moneys already sorted and he'll just keep adding to the bill untill it looks shaky then he'll be gone.

If it carries on the RFL could well be funding the administrator.

Haven't read though all the posts. I would be interested to know when Bradford will be getting their 4 point deduction for going into administration?If this has been answered apologies but this little issue seems to have been brushed under the general SL carpet...are they going to be allowed the financial benefit of the play offs or will this be brought in next year

I think the points deduction can be amended based on the amount they propose to pay their creditors, so that would explain the delay; the RFL can't adjudicate on that until the deal has been finalised.

Quote ="El Rey"Someones going to have to pay for the running of the club in the meantime, any ideas who'll do that.'" Well Warrington are helping out! .... and still there are no cuts to the playing staff! www.sportinglife.com/rugby-leagu ... -out-bulls

Quote ="El Rey"Someones going to have to pay for the running of the club in the meantime, any ideas who'll do that.'" Well Warrington are helping out! .... and still there are no cuts to the playing staff! www.sportinglife.com/rugby-leagu ... -out-bulls

Quote ="PHe"Well Warrington are helping out! .... and still there are no cuts to the playing staff! www.sportinglife.com/rugby-leagu ... -out-bulls'" Not helping the Bulls directly but donating ticket sales to Bullbuilder who are supporting those made redundant by the Administrator. Warrington were the only Club who gave us support when we went into Administration. Well done Warrington.

Quote ="PHe"Well Warrington are helping out! .... and still there are no cuts to the playing staff! www.sportinglife.com/rugby-leagu ... -out-bulls'" Not helping the Bulls directly but donating ticket sales to Bullbuilder who are supporting those made redundant by the Administrator. Warrington were the only Club who gave us support when we went into Administration. Well done Warrington.

This I have no issue with whatsoever and actually it is what Leeds should have done last week instead of giving directly to the club (assuming that's what they did).

I agree, well done to Warrington for that gesture.

Well done to Wolves helping those who's need is greatest.

Seems there's a deal on the table now www1.skysports.com/rugby-league/ ... ulls-offer

Seems there's a deal on the table now www1.skysports.com/rugby-league/ ... ulls-offer

"and being given a guarantee that Bradford will remain in Super League"

I don't see how they can do that, all clubs can have the licence revoked at any time during this period of franchise, now i hope it works out for Bradford but we can't have a different rule for 1 from 14 clubs.
I also understand why the ABC will insist on this guarantee before signing up.

Its a bit of a dilema for the game and the RFL.

I don't see how the RFL can guaraantee SL for Bradford as they would not do so for Wakey. All clubs should be treated the same, we know thats no true though don't we!

The Super League thing isn't really a problem, is it? We weren't booted out, and nor were Crusaders, when coming out of administration. The real dilemma is whether the RFL will agree to sell the lease. The consortium is offering big money, which suggests that they really want the Odsal. If the RFL give it up, they cannot stop the new owners doing what they want to do with it, subject to the agreement from the local authority, etc. The ownership issue is irrelevant, I imagine, because ABC seem made up of proper business people. But do the RFL refuse to sell Odsal and potentially consign the Bulls to the rubbish tip, or do they sell it and potentially say goodbye to an "iconic" piece of rugby league history?

My impression: they will not sell the lease, Bulls go bust, and the RFL allow someone else to set up a newco playing out of their Odsal.