Re: Administration 3 - now in technicolour : Thu Dec 22, 2016 12:47 pm
Bullseye wrote:
Odsal is definitely the key to the long term health of the Bulls. It’s been a millstone for decades and it seems that potential buyers see it that way too unless it’s value can be unlocked. Unlocking that value is in the hands of the RFL who will want to make sure they don’t sell it to a bunch of chancers that will run the club into the ground and then do what they like with the land.
The devil is in the detail. Bidder will need to provide cast iron assurance they are not a chancer. RFL need a watertight agreement that can’t be wriggled out of. I suspect the delays may be because the bidder isn't able to satisfy the RFL yet...
The way I see it there are three possibilities:
The RFL agrees to sell the lease to the bidder and the club has new owners.
The RFL refuses to sell to the current bidder and the administrator has to look at other bidders that are still interested if you believe what one of them at least has said on social media.
The RFL refuses to sell to the current bidder and the administrator decides other bidders aren’t serious and puts the whole lot into liquidation.
If it’s the third option then there will be no rugby in Bradford in 2017. A new club starting at the bottom would take at least a year to get together. My imagination runs away with me now but I wonder if that’s the Gareth Roberts plan. He moves BPA to Odsal and agrees to finance a new Bulls there too from 2018 in League 1, probably part time, in return he gets the lease.
The devil is in the detail. Bidder will need to provide cast iron assurance they are not a chancer. RFL need a watertight agreement that can’t be wriggled out of. I suspect the delays may be because the bidder isn't able to satisfy the RFL yet...
The way I see it there are three possibilities:
The RFL agrees to sell the lease to the bidder and the club has new owners.
The RFL refuses to sell to the current bidder and the administrator has to look at other bidders that are still interested if you believe what one of them at least has said on social media.
The RFL refuses to sell to the current bidder and the administrator decides other bidders aren’t serious and puts the whole lot into liquidation.
If it’s the third option then there will be no rugby in Bradford in 2017. A new club starting at the bottom would take at least a year to get together. My imagination runs away with me now but I wonder if that’s the Gareth Roberts plan. He moves BPA to Odsal and agrees to finance a new Bulls there too from 2018 in League 1, probably part time, in return he gets the lease.
I think it is possible that option 1 could include separate agreements that the RFL ( and therefore ALL members of the League and not just Superleague):
1. Has a financial stake in any future development
2. Has rights regarding use of any developed stadium
3. If they are considering moving from Red Hall , purpose built offices at the ground
