When I read about this I was shocked and appalled that this could happen. I then went away and thought about it, it all makes sense. I have not had a bang to the head.
One club cannot own another club that play in the same league as them. I believe, before we go into all the ramifications about creditors and the ABC group that the sports ministry would not allow it. They may not have the power to stop it but they can suggest to the RFL that if it happens then they would not make current financial aid available.
What could happen is, Super league clubs could own a club that play in a different competition to them, such as the Championship.
Bradford Bulls would then effectively be the first "Feeder club" for the super league.