Re: Ownership and twists : Tue Mar 25, 2014 6:15 pm  

Bulls4Champs wrote:

Will he be able to provide proof of future funds like all the others have been knocked back for?

I suppose given part of the proof of funds is to service his own debt he at least won't have to provide as much!

Re: Ownership and twists : Tue Mar 25, 2014 6:16 pm  

mat wrote:

IF they've already passed her as a fit and proper person, and their are no rules which prevent a spouse of a club owner owing a different club as was reported on radio when her interest was first made public. Then is there anything RFL could do to prevent Green selling her the club once administrator is out of the equation?.

With the greatest of respect that is both Lamb and now Green that aimed/aim to buy the club to sell it to Mandy.

Re: Ownership and twists : Tue Mar 25, 2014 6:24 pm  

If it is indeed Marc Green then I guess we will have it wait and see what he proposes. His dealings with RW leave me slightly concerned about his judgement though.

Re: Ownership and twists : Tue Mar 25, 2014 6:32 pm  

The conflict of interest is between the Administrator and the RFL. The RFL want someone to pile money into the club and don't really care how much they pay to the creditors - except HMRC. The Administrator couldn't really give a hoot how much the winner invests in the club as long as he pays off the creditors as much as possible. Investors on the third hand can't see any point in paying a lot of creditors off when the actual assets of the club are relatively small and getting smaller. So how to break the deadlock. It would appear that the Administrator is legally bound to get the best deal for the creditors (even if this means liquidating the club and selling off the assets) so he has little wriggle room. The RFL could sweeten the pot by agreeing to give points back according to how much they pay back the creditors. The problem with this is that unlike last time when OK bought his SL spot there is no option like that available. A creditor could buy the club such as Mr Greene, however this would entail him putting up £1m on a gamble that he could take out £1.25m in fairly short time.
So taking everything into consideration it would appear our best chance is a Lottery win.

Re: Ownership and twists : Tue Mar 25, 2014 6:42 pm  

takeover? On Tuesday, Richard Lamb's London-based consortium accepted defeat in their bid to buy the Super League club and subsequent reports suggested Bradford businessman and debenture holder Marc Green will be the club's new owner. What subsequent reports? where? we get total silence then leaked briefing or misdirection or guessing.

takeover? On Tuesday, Richard Lamb's London-based consortium accepted defeat in their bid to buy the Super League club and subsequent reports suggested Bradford businessman and debenture holder Marc Green will be the club's new owner. What subsequent reports? where? we get total silence then leaked briefing or misdirection or guessing.

Re: Ownership and twists : Tue Mar 25, 2014 6:44 pm  

We must have missed all that information that was bandying around last week, does anyone else fell like they have really missed something cos i do.

Re: Ownership and twists : Tue Mar 25, 2014 6:49 pm  

Presumably then Green has demonstrated to the satisfaction of all that he has 1M+ that he is willing to put in this year alone?

Re: Ownership and twists : Tue Mar 25, 2014 6:52 pm  

vbfg wrote:

Presumably then Green has demonstrated to the satisfaction of all that he has 1M+ that he is willing to put in this year alone?

The RFL will only look into funding once he becomes preferred bidder.

Re: Ownership and twists : Tue Mar 25, 2014 6:54 pm  

I think the RFL know whom they want in charge, the demands for the purchaser to prove their funds within 24 hours is a little shocking.

I seem to remember Willey meeting the RFL a couple of times when OK was still in charge. She never stated what she was discussing, but made a spectacle, so that everyone knew she was discussing the club with the RFL.

She has recently admitted that she has been putting her bid together for over a year. I just get the feeling something smelly is happening. My earlier defense of the RFL seems a little premature as their recent media stating something along the lines of "The RFL doesn't decide who buys the club, that's the administrators job" seems to be untrue as the RFL have prevented new owners, to the point that even Mr Lams seems to have stated the following:

From the T&A

However, Lamb was yesterday told by the RFL that his group were no longer considered the preferred bidder and that the club was effectively back up for grabs.

Why would the RFL tell Lamb he was no longer the preferred bidder?

It's all getting a little unbearable, who is actually running this show?!

Re: Ownership and twists : Tue Mar 25, 2014 7:02 pm  

Stuart Duffy has been on Twitter:

"Well let's just say it's been a very interesting day!!!"

And...

"It will give you all something to think about. No straight comments from me!!!"

That doesn't sound like a straight accepted Marc Green offer to me