[Bulliac]

Re: £3 million offered for bulls : Fri Jul 20, 2012 1:21 pm  

wykebull wrote:

The RFL have already said they will not accept conditional bids - this is a conditional bid. Not sure that we have much progress

Depends on whether it's a red line or a negotiating position, I guess.

My suspicion is that, at a base level, the RFL would hate to see us go to the wall, for all the obvious reasons, so whether it's a red line that slowly becomes a negotiating position depends on how much they'd like to keep us in, and how much ABC want the club. Who blinks first for ABC and RFL and squeaky bum time for us.

Re: £3 million offered for bulls : Fri Jul 20, 2012 1:43 pm  

martinwildbull wrote:

what is your source for that? the TnA article clearly states "£3m offer to buy the Bradford Bulls", not "£3m business plan for assets and losses for next few years". I would guess that the lease buy back is included in that at whatever value.

but its what they see as the scope for increased revenue that I find interesting. all that car parking space would cater for much more than the coral stand, 7 days a week.

Quote in the T&A from BG...

'There will be losses for three years and we are talking about two and a half to three million pounds. That is a lot to be philanthropic. People are throwing their money away and some generous benefactors are putting in big money to help out'.

So reading between the lines they have made an offer that covers the projected losses. No mention of any bid for the Odsal lease.

Re: £3 million offered for bulls : Fri Jul 20, 2012 1:47 pm  

That's how I read it too

Re: £3 million offered for bulls : Fri Jul 20, 2012 1:49 pm  

Theboyem wrote:

No mention of any bid for the Odsal lease.

Or any payment to the creditors

Re: £3 million offered for bulls : Fri Jul 20, 2012 2:28 pm  

Cibaman wrote:

Or any payment to the creditors

The payment to the creditors will come out of the sale of the club by the administrators less their fee

Re: £3 million offered for bulls : Fri Jul 20, 2012 6:12 pm  

The RFL are now saying the adminstrater hasnt recieved any offer, wtf!!!

Re: £3 million offered for bulls : Fri Jul 20, 2012 7:49 pm  

steamingbull02 wrote:

The RFL are now saying the adminstrater hasnt recieved any offer, wtf!!!

Yea, just read that on Sporting Life website and that administrator was unavailable for comment.

Re: £3 million offered for bulls : Fri Jul 20, 2012 9:24 pm  

steamingbull02 wrote:

The RFL are now saying the adminstrater hasnt recieved any offer, wtf!!!

Heartily sick of being treated like a mushroom now. Can they just sort it and tell us result when it's all over?

Re: £3 million offered for bulls : Fri Jul 20, 2012 10:22 pm  

http://www.sportinglife.com/rugby-leagu ... -for-bulls

http://www.sportinglife.com/rugby-leagu ... -for-bulls

Re: £3 million offered for bulls : Sat Jul 21, 2012 7:00 am  

So the offer is to cover the losses for the next 3 years, no payment for creditors and the RFL hand odsal back to them for free?