[Bulliac]

Re: 2018 Bradford Bulls : Mon Oct 02, 2017 12:53 pm  

Bullseye wrote:

That's my understanding too. Didn't the administrator complain that the admin process was circumvented by the RFL? The article in League Express reckons that if it gets to tribunal the whole saga will be laid bare. That could be embarrassing enough to force a settlement. Who settles is anyone's guess but to me it looks like the RFL engineered the whole process.

I'd expect any players that have signed new deals will have dropped out of claiming.

Well, yeah but my feeling that the newco couldn't be deeply involved (if at all), is entirely based on the assumption that the administrator did everything properly, or at least was professional enough to adequately cover his tracks - if he didn't then I guess anything is possible with the RFL, who let's not forget acted as 'kingmaker', in all this, in it up to their necks. I'm still far from sure how it all occurred so maybe some clarity will emerge, though my guess is that, to save necks, 'someone' will pay £XXX to 'someone else' and the fog will descend once again. Court reports (if it gets that far..) would be interesting.

Re: 2018 Bradford Bulls : Mon Oct 02, 2017 1:18 pm  

Frank Whitcombe wrote:

This - which is why it will be settled today with a contribution from the RFL!

Another done deal, eh?

[Bullseye]

Re: 2018 Bradford Bulls : Mon Oct 02, 2017 1:22 pm  

Mr Dog wrote:

Another done deal, eh?

Think his source needs duffing up.

Re: 2018 Bradford Bulls : Mon Oct 02, 2017 2:48 pm  

Bulliac wrote:

Well, yeah but my feeling that the newco couldn't be deeply involved (if at all), is entirely based on the assumption that the administrator did everything properly, or at least was professional enough to adequately cover his tracks - if he didn't then I guess anything is possible with the RFL, who let's not forget acted as 'kingmaker', in all this, in it up to their necks. I'm still far from sure how it all occurred so maybe some clarity will emerge, though my guess is that, to save necks, 'someone' will pay £XXX to 'someone else' and the fog will descend once again. Court reports (if it gets that far..) would be interesting.

The argument could be that the Administrator was not allowed to do things properly as whoever he wished to sell to had to be OK'ed by the RFL and therefore they forced the liquidation by not agreeing bids that the Administrator found more favourable than the one ultimately accepted.
This is a very grey area. An Administrator has a duty to get the best deal for the creditors but whoever purchases a club in trouble also has to get a licence from the RFL to operate. So who is ultimately responsible for approving the purchaser of a club? I don't know the ins and outs of the law but I believe that if the club gets liquidated then the Administrator would only get paid if the assets raise sufficient funds. If this is the case would the Administrator have a case to sue the RFL if they did not approve the purchase by somebody who could have cleared his fee. Genuine question.

Re: 2018 Bradford Bulls : Mon Oct 02, 2017 4:28 pm  

Bullseye wrote:

Think his source needs duffing up.

Re: 2018 Bradford Bulls : Mon Oct 02, 2017 5:52 pm  

No news from today's meeting??

Re: 2018 Bradford Bulls : Mon Oct 02, 2017 6:39 pm  

RickyF1 wrote:

No news from today's meeting??

Nothing resolved today apparently, further talks planned.

Re: 2018 Bradford Bulls : Mon Oct 02, 2017 7:11 pm  

Duckman wrote:

Nothing resolved today apparently, further talks planned.

Cheers Duckman.

They must think they are getting somewhere as they wouldn't be further talks.

Re: 2018 Bradford Bulls : Mon Oct 02, 2017 7:34 pm  

Bulliac wrote:

He is one of the claimants, I believe?

Still haven't worked out how the newco are involved, though. It makes little sense to me.

Little to me too unless there is clear evidence of collusion between the RF and chalo. That would be needed to get over the fact that the RFL advertised for interested parties to set up a club in the Bradford area, with the conditions laid out for all to see. The RFL could not know who was going to come forward and what their plans were, other than they included the conditions they had imposed. What we do not know is what conditions there were on the offers the liquidator received that caused the RFL to turn them down. The fact that they had their conditions - the 12 points penalty etc - completely up front might be a clue ( we will offer £???K provided theres no points deduction by the RFL, don't have to have an academy, etc). So that brings us to the prospect that it was all a stitch up for Chalo, and therefore some clear evidence of collusion to ensure that Chalo alone could get the deal.

Re: 2018 Bradford Bulls : Mon Oct 02, 2017 9:28 pm  

RickyF1 wrote:

Cheers Duckman.

They must think they are getting somewhere as they wouldn't be further talks.

no worries, and I tend to agree, but why do I think that wont be the way the headline is spun in the morning??