Re: Latest state of play posts only : Fri Aug 10, 2012 2:28 pm  

I don't see any reason why we should not be in SL next year. Why should we suffer any more punishment than any one else who has been in this position? It didn't happen to London or Wakefield.

Different licence period = different set of rules, when you are a championship club you would know all about this

Re: Latest state of play posts only : Fri Aug 10, 2012 2:45 pm  

Always Travelling wrote:

Different licence period = different set of rules, when you are a championship club you would know all about this

Why? our licence runs till the end of 2013, why should we be relegated to CH1 for going into admin?

Re: Latest state of play posts only : Fri Aug 10, 2012 3:20 pm  

nothing is decided yet as to what will happen, the RFL will decide once the admin period is over and the dust has settled. The licence period 2012-2014 had a proviso that the RFL could revoke any licence from any club for whatever reasons they deemed unacceptable. Going into admin carries a points deduction as a penalty, but the RFL can place further sanctions upon a club.

The best scenario for the Bull's would be a buyer who is prepared to accept some of the historic debt in order to maintain a SL licence.

[Bulliac]

Re: Latest state of play posts only : Sat Aug 11, 2012 12:38 pm  

pie.warrior wrote:

nothing is decided yet as to what will happen, the RFL will decide once the admin period is over and the dust has settled. The licence period 2012-2014 had a proviso that the RFL could revoke any licence from any club for whatever reasons they deemed unacceptable. Going into admin carries a points deduction as a penalty, but the RFL can place further sanctions upon a club.

The best scenario for the Bull's would be a buyer who is prepared to accept some of the historic debt in order to maintain a SL licence.

If we had a smart alec lawyer for a chairman I bet he'd run rings round that in court...

I agree fully with your last bit though.

Re: Latest state of play posts only : Sat Aug 11, 2012 3:47 pm  

Bulliac wrote:

If we had a smart alec lawyer for a chairman I bet he'd run rings round that in court...

I agree fully with your last bit though.

Would you be able to afford a smart alec lawyer????

If SLE had to buy Bradford I would expect relegation, if it's another party, then I see no reason why Bradford should not carry on as they are. No difference to other SL clubs.

If they were liquidated then that's a different matter as it would be a new club, but a buy out from admin keeps the club the same.

Re: Latest state of play posts only : Sat Aug 11, 2012 3:53 pm  

JUDGE666 wrote:

With all that i've read this week it seems decisons have already been made by the RFL to boot us out of SL into CH1 next season!

Even if the club secures a buyer/new owner and pay off some of the debt thus avoiding liquidation. The penalty for going into admin is a points deduction is it not?? we've had a points deduction.

I sincerely hope i am wrong with this but it still stinks!

Hmmm I think you need to look at the facts again. RFL loan Bradford a stack of cash, when they can't pay it back they give them some more and take a pretty much worthless lease in lieu of payment.

When no realistic bidders come in to save the bulls, the RFL move to buy the bulls using the body of SLE.

Yep looks like the RFL were really putting the boot in. Maybe you should look closer to home for those who brought the bulls to their knees.

There is a catalogue of errors and most of them started at Odsal.

Re: Latest state of play posts only : Sat Aug 11, 2012 4:52 pm  

bewareshadows wrote:

Would you be able to afford a smart alec lawyer????

I think you might have been missing the point.

Re: Latest state of play posts only : Sat Aug 11, 2012 5:07 pm  

bewareshadows wrote:

RFL loan Bradford a stack of cash, when they can't pay it back they give them some more and take a pretty much worthless lease in lieu of payment
There is a catalogue of errors and most of them started at Odsal.

I would amend your comments as such:
ALL of the errors started and were compounded at Odsal.
The RFL tried to assist the Bull's "temporary" funding shortfall with progressive loans and their intention to support a member club was greatly to their credit.
Clearly they did this on the basis of the financial information re the state of the Bulls given to them from time to time.
It's doubtfull that the RFL would have continued in providing loans to the Bulls had they been fully aware of the true financial situation every time the loan was increased.

We do not know what level the loan from the RFL had risen to prior to the RFL buying the lease on Odsal.
But by buying the lease (which has little or no value to the RFL) they converted a bloody great loan that might be lost in the Bulls impending Administration into a bargaining asset

Re: Latest state of play posts only : Sat Aug 11, 2012 9:53 pm  

Rumour is the fifth bid is from guy behind park avenue. Horsefall lease up for renewal on next yr or two and needs upgrading anyway. Would certainly make a lot of sense in terms if getting more use out of stadium year round.

Re: Latest state of play posts only : Sun Aug 12, 2012 8:24 am  

bewareshadows wrote:

Would you be able to afford a smart alec lawyer????

Are you still on minimum wage Ed?