Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 2:19 pm  

According to League Express online this new bid came in at 5.30 pm last evening. They could argue that this was within the deadline - albeit barely.

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 2:24 pm  

I'm OK with extending it and allowing the administrator to look at the bid. This is the third admin. Lets resolve it right this time.

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 2:49 pm  

Bull Mania wrote:

I'm OK with extending it and allowing the administrator to look at the bid. This is the third admin. Lets resolve it right this time.

Seeing the initials OK being used in an admin thread gives me the collywobbles.

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 2:55 pm  

Ferocious Aardvark wrote:

My, he's going to incredible lengths to try to fool everyone into believing a deal hasn't already been done last weekend. Luckily for us, we on here know that this "new bidder" is just smoke and mirrors, and the administrator is just wasting their time and money. Shame it delays confirmation of who it was that bought us, though.

I thought your rules were to put up or shut up on here??

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 2:57 pm  

In the eyes of the administrator the best deal for the creditors takes preference over best deal for the club or at least it should do if they are doing the job properly.

This latest 'delay' will also delay the creditors meeting. All this is taking this closer to the Xmas holidays and the next payday. It was inferred further up I may be wanting bad things to happen which is completely untrue, but I thought I would post something that IMO is closer to reality than all this talk of millionaires, billionaires and trillionaires.

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 2:57 pm  

RickyF1 wrote:

For the Club or people that is owed money????

You read it the wrong way. It doesn't mean "the best deal for the benefit of the Bradford Bulls club". It means somebody buys the club, he gets the money they pay, that's the deal. And he wants (himself, the administrator) to get the best deal, ie the biggest pile of cash, "for" i.e. in exchange for, the Bradford Bulls club.

As for "there will be a preferred bidder", yes, but isn't that stating the obvious? The administrator will have been examining all the bids ever since they came in, and would know which one, from his perspective, worked the best. There is no horsetrading, so he wil accept that one, unless he gets a better offer.

This is exactly why I personally am certain there is no "done deal" - why would there be? The administrator may know who is the frontrunner but why would he agree a deal before his own deadline?

Anyway, this late bid disproves the done deal theory. The administrator has accepted the bid despite it being past his informal deadline. He had no need to do that, and if it had been a "done deal" then obviously he'd have had the perfect excuse to say "Sorry pal, you're too late", and simply announce his done deal.

Or, it could be a triple bluff, using this late bid to pretend it's not a done deal, at the unwitting expense of the new bidder, who presumably thinks they're in with a chance and have no idea they are wasting their time. But I don't think so. If this bid is the biggest then it will win, if it isn't, then it won't. Simple as.

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 3:03 pm  

Surely not wrote:

I thought your rules were to put up or shut up on here??

Not my rules, I don't even work here!

Anyway, nobody has "put up". The nearest we've had is a couple of the inevitable cryptic "I know but can't say". Once they know the winner then they'll make their cryptic clues "fit", or else just go all quiet!

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 3:17 pm  

Ferocious Aardvark wrote:

Anyway, nobody has "put up". The nearest we've had is a couple of the inevitable cryptic "I know but can't say". Once they know the winner then they'll make their cryptic clues "fit", or else just go all quiet!

Unlike your good self of course who consistently gets it completely wrong yet try to wear down the people that point this out to you, whilst blissfully ignoring the possibility that you might actually be wrong?

P.S. I know who has won, but I am not saying.

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 3:34 pm  

fifty50 wrote:

Can't say I like the sound of this. Why would the administrator delay all those 'brilliant' bids on the basis of someone phoning in at the last minute. Doesn't seem to say much for the bids already in. This makes me more pessimistic not less.

Yep, that's my feeling about it too.

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 3:36 pm  

The Administrator has to get the best for the creditors which is why he mat go back to other potential owners.

Which brings me to another point (I wish Adeybull was about)
Green got the Bulls last time because he was owed £650k and the largest creditor which meant if he won the debt would in effect vanish. However, he puts them into Admin and the debt reappears. Does this mean that he didn't repay any creditors last time? Or if he did, it certainly wasn't himself so how much did he repay to creditors and would he have still been the best bidder.