Re: Latest state of play posts only : Wed Jul 18, 2012 9:16 am  

I assumed it stood for Asian Business Consortium.

Re: Latest state of play posts only : Wed Jul 18, 2012 9:42 am  

Tarquin Fuego wrote:

Mat , Mat , mat ...................' presumably for a similar amount '

RL paid £1.25m last year - they will want £1.25m this year !

ABC , I bet my last $1 , will be offering nowhere near , and I mean nowhere near. They will also want the RFL to lend them the £ to buy it back at 0% interest over 30 years. These consortiums are sharks at best I assure you.

Their first offer won't be accepted and it certainly will be a long way off their best offer. Their best may not be enough ?

Quite possible and wouldn't take a shark to realise that despite what the RFL paid, the lease is worthless. There should be a full independent investigation onto the circumstances surrounding the RFLs loan and subsequent purchase of the lease. How on earth have the RFL got themselves into a scenario whereby they have bought a lease, the value of which is dependent on circumstances wholly external to the RFL?

It is a catalogue of astonishing decisons. By agreeing the secret loan, paying the SKY money early and then bizarrely purchasing the lease, there is a case to be made that the RFL are complicit in the scale of the mess. Between November 2011 and July 2012 hundreds of thousands of pounds have been lost including 500k of supports money and the RFL now have a £1.5 million liability on a stadium which carries a responsibility to put a team called the Bradford Bulls in it.

Re: Latest state of play posts only : Wed Jul 18, 2012 10:56 am  

Going forward the newco can't make any £ unless it cuts it's outgoings to the bone and rent free at Odsal will be on their agenda , or however they can possibly get near to rent free. They , I assume , want a competitive squad so all other costs have to go to the bone.

I saw Shane Richardson take over Hull FC and I actually heard him shouting down the phone to the Hull Council within 24 hours of taking over. He wanted them to pay way over the odds to buy the Boulevard (which they did) and he made it quite clear , as far as I could understand that the future of Hull FC depended on the Council buying the ground so FC became debt free and got a very good deal on the rent etc I am sure the possibility of FC going bust and him blaming the Council was factored into negotiations.

The ABC guys will say the same . They want cheap everything because they are the only ones who can save the Bulls.
Hence they play very hard ball on the deal and the RFL will be on the end of the hard ball as they will not want to be the body that sank the Bulls and have a worthless lease to boot.

Re: Latest state of play posts only : Wed Jul 18, 2012 11:50 am  

I don't why your comparing Hull FC and their Council it was a different scenario altogether. Wakefield has some paralells, but however it plays out it will not be like you think out will! A few more twists and turns to go yet, it wouldn't surprise me if Caisleys Firm are doing the legal work for ABC.

Re: Latest state of play posts only : Wed Jul 18, 2012 11:53 am  

tigertot wrote:

I assumed it stood for Asian Business Consortium.

ABC (Asian Business Consortium) Consortium dosnt have a good ring but saying that there is a delivery company near me called TDS (Tyldesley Distribution Service) Distribution which repeats a word twice

Re: Latest state of play posts only : Wed Jul 18, 2012 12:21 pm  

Tarquin Fuego wrote:

Going forward the newco can't make any £ unless it cuts it's outgoings to the bone and rent free at Odsal will be on their agenda , or however they can possibly get near to rent free.

It's already rent free. They're on a peppercorn agreement for 150 years from memory.

Unless they renegotiated the terms with the RFL?

Re: Latest state of play posts only : Wed Jul 18, 2012 12:33 pm  

Bulliac wrote:

Interesting comment from Look North (but attributed to Guilfoyle) to the effect that, -the press haven't yet worked out who ABC are and some current assumptions are wrong. Look North actually suggested that the assumption that the A was Akbars might not be correct. They never mentioned our assumption for C, though..

I spoke to someone who said that the members of the consortium don't know what ABC stands for! Apparently the administrator came up with that name. Also they were confident that Caisley has no interest in said consortium, but told me I will laugh when I see who is the main man is. Didn't know how to take that.

Re: Latest state of play posts only : Wed Jul 18, 2012 12:39 pm  

beefy1 wrote:

Bulliac wrote:

Interesting comment from Look North (but attributed to Guilfoyle) to the effect that, -the press haven't yet worked out who ABC are and some current assumptions are wrong. Look North actually suggested that the assumption that the A was Akbars might not be correct. They never mentioned our assumption for C, though..

I spoke to someone who said that the members of the consortium don't know what ABC stands for! Apparently the administrator came up with that name. Also they were confident that Caisley has no interest in said consortium, but told me I will laugh when I see who is the main man is. Didn't know how to take that.

There's only one George Galloway.

Re: Latest state of play posts only : Wed Jul 18, 2012 12:59 pm  

beefy1 wrote:

...they were confident that Caisley has no interest in said consortium, but told me I will laugh when I see who is the main man is...

Re: Latest state of play posts only : Wed Jul 18, 2012 1:02 pm  

I was under the impression that it was an asian business man who is currently involved in properties which is likely to be a letting /estate agent in the area.
ABC might be the name they are using just like when you say X was invloved in something.
The other name in the frame could well be the name I mentioned at the start of all this(Hetherington).