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Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 10:38 am  
Well Andrew Chalmers is out of the race.

Sadler says he expects a statement today.
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Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 10:39 am  
If, and when, all this is concluded and we're lucky enough to have a positive outcome, I think we should strike a medal for Rohan Smith.

His leadership has been stupendous imo, given all the rumours and stories circulating he's clearly kept the players together as a group and still focussed on the job [hopefully] in hand. He also, pace today's T&A, knows how to butter up the fans and keep them onside.

We've not knighted anyone since Sir Keith, so I think Sir Rohan wouldn't go amiss. :BOW:
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Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 10:39 am  
All kudos to our bidder for persevering throughout this protracted process.Too many superficial obstacles and referrals would definitely test one's resolve to the limit...and we are only the bystanders on this process!
One would understand if they now chose the liquidation route.
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Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 10:44 am  
It's a complex sale process, a rugby club from the administrator, a leasehold from the RFL, the offer to balance against liabilities and creditors to satisfy, and everyone's off - administrator is completing due diligence and something should break soon.

Terms are done, just awaiting acceptance from what I hear.

As for the rumour of the buyer, I couldn't comment publicly but I know initially the offer was an act of true altruism, which grew into making a lot of sense all round over the days and weeks, with the buyers eyes being opened to the Bulls heritage and potential to be linked with a positive winning brand alongside a massive development opportunity on the existing and surrounding site.

I've chilled out over Christmas knowing the little I do, I maintain that we definitely have a bright future, but the points deduction could mean it's a long road back.
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Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 10:44 am  
Bull Mania wrote:
Well Andrew Chalmers is out of the race.

Sadler says he expects a statement today.

Doesn't sound good.
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Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 10:47 am  
Frank Whitcombe wrote:
It's a complex sale process, a rugby club from the administrator, a leasehold from the RFL, the offer to balance against liabilities and creditors to satisfy, and everyone's off - administrator is completing due diligence and something should break soon.

Terms are done, just awaiting acceptance from what I hear.

As for the rumour of the buyer, I couldn't comment publicly but I know initially the offer was an act of true altruism, which grew into making a lot of sense all round over the days and weeks, with the buyers eyes being opened to the Bulls heritage and potential to be linked with a positive winning brand alongside a massive development opportunity on the existing and surrounding site.

I've chilled out over Christmas knowing the little I do, I maintain that we definitely have a bright future, but the points deduction could mean it's a long road back.

As long as we have a club I aren't fussed.

Are you saying the bidder isn't Andrew Chalmers?
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Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 10:48 am  
Well I was certainly never convinced about Chalmers.

Fingers still crossed.
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Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 10:49 am  
Chalmers was never preferred bidder, he wouldn't have passed fit and proper person test for a start. He may have been late bid with green involved that was rumoured.
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Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 10:54 am  
Aaron Bower on twitter

Likely to be a statement from the administrators of Bradford later today confirming that the bid that was on the table has been rejected.
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Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 10:56 am  
Was Chalmers part of the NZ consortium? The stories about past businesses were troubling, and there didn't seem to be a lot of cash about, unless he was a front for someone else who wished to remain anonymous, which would also be troubling. So, no major loss I think, unless he was the only game in town, in which case we're doomed.
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