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Re: Ownership and twists : Tue Mar 25, 2014 1:29 pm  
340 Signatures and counting...
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Re: Ownership and twists : Tue Mar 25, 2014 1:31 pm  
SmokeyTA wrote:
Bradford Bulls need to exist as a club to have any value at all, surely the RFL should be engaging with Mandy Koukash and all other potential buyers and saying here is what you need to do, go away and do it and then those proven to pass the RFL's test can work with the administrator to get an acceptable offer on the table.

Right now, the administrator has accepted two bids which have then failed to because of the RFL, it seems entirely backwards.


Aye, you would have thought that parties interested in bidding would have had a pack from the RFL detailing what they must be able to do before putting the bid forward to the administrator?

If not, why not? Would have saved a lot of time from Moore & co along with Mr. Lamb.
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Re: Ownership and twists : Tue Mar 25, 2014 1:32 pm  
What is the legal implication of the administrator accepting a lower offer to the creditors due to RFL moving the goal posts. Do they have any recourse to sue the RFL or IP for the difference in the highest bid and the accepted bid.....

this is probably one for F.A. as most on here won't know the legal complexities
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Re: Ownership and twists : Tue Mar 25, 2014 1:35 pm  
melly88 wrote:
340 Signatures and counting...

Looks like the whol RL family are behind you.
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bUsTiNyAbALLs wrote:
Do not converse with me you filthy minded deviant.


vastman wrote:
My rage isn't impotent luv, I'm frothing at the mouth actually.

Re: Ownership and twists : Tue Mar 25, 2014 1:36 pm  
pie.warrior wrote:
What is the legal implication of the administrator accepting a lower offer to the creditors due to RFL moving the goal posts. Do they have any recourse to sue the RFL or IP for the difference in the highest bid and the accepted bid.....

this is probably one for F.A. as most on here won't know the legal complexities

I would think the justification would be that it is those parties pulling out rather than the RFL stopping the purchase.

I dont think the RFL are saying you can't sell to this person because it dont think the administrator would care about what the RFL said, simply that if the business were to be sold to this person then the club would not be allowed to participate in an RFL competition, that person then pulls out because there isnt any value in the Bulls if they arent an RL club.
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Last edited by Ferocious Aardvark on stardate Jun 26, 3013 11:27 am, edited 48,562,867,458,300,023 times in total

Re: Ownership and twists : Tue Mar 25, 2014 1:39 pm  
pie.warrior wrote:
What is the legal implication of the administrator accepting a lower offer to the creditors due to RFL moving the goal posts. Do they have any recourse to sue the RFL or IP for the difference in the highest bid and the accepted bid.....

this is probably one for F.A. as most on here won't know the legal complexities


There aren't any.

The bids to the administrator are obviously always going to be provisional on being admitted to membership by the RFL, and if such agreement can't be reached between bidder and RFL then they withdraw their bid. As has happened twice now.

The RFL owe no duty to the administrator, and can therefore do pretty much whatever they like.
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Re: Ownership and twists : Tue Mar 25, 2014 1:41 pm  
cheers guys...
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Re: Ownership and twists : Tue Mar 25, 2014 1:44 pm  
Ferocious Aardvark wrote:
There aren't any.

The bids to the administrator are obviously always going to be provisional on being admitted to membership by the RFL, and if such agreement can't be reached between bidder and RFL then they withdraw their bid. As has happened twice now.

The RFL owe no duty to the administrator, and can therefore do pretty much whatever they like.


Just trying to work out if they owe a duty to anyone at all as they pretty much seem to do whatever they like most of the time?
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Re: Ownership and twists : Tue Mar 25, 2014 1:45 pm  
so its now waiting for each highest bidder to withdraw their offer once notified by the administrator and unable to meet the RFL criteria until we get to one who has the funds to run the club
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Re: Ownership and twists : Tue Mar 25, 2014 1:54 pm  
Derwent wrote:
Not neccessarily. If the administrator could realise more money by selling off the assets individually than she has offered to purchase them for then he is under no obligation to sell as a package. Its an unlikely scenario but not impossible that he may just decide to liquidate and put everything up for auction.


Put what up for auction? From what the RFL & the union have said over the last 2years, in that scenario the RFL would make all the players free agents and with some sort of exception under the cap as per Crusaders.
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