Re: Administration Again : Mon Nov 14, 2016 4:30 pm  

DemonUK wrote: I don't see any mention of relegation for entering a CVA but do see a possible deduction of 12 points. http://media.therfl.co.uk/docs/Insolven ... %20PDF.pdf It does say that the RFL can cancel the clubs membership though. I would suspect that the RFL may want to place the Bulls in League 1 but even then the current League 1 clubs would need to accept this. I believe this happened a few years ago with Hull FC and the clubs refused to accept them so the 'merged' with Gateshead instead.

DemonUK wrote: I don't see any mention of relegation for entering a CVA but do see a possible deduction of 12 points. http://media.therfl.co.uk/docs/Insolven ... %20PDF.pdf It does say that the RFL can cancel the clubs membership though. I would suspect that the RFL may want to place the Bulls in League 1 but even then the current League 1 clubs would need to accept this. I believe this happened a few years ago with Hull FC and the clubs refused to accept them so the 'merged' with Gateshead instead.

Re: Administration Again : Mon Nov 14, 2016 4:32 pm  

RickyF1 wrote:

How do you know he has had all the central funding for next year? Surly the RFL aren't stupid enough to give em that??

The RFL advance money on a regular basis to clubs, especially in the off season. They can't advance anymore to Green as he's had it all.

Re: Administration Again : Mon Nov 14, 2016 4:35 pm  

el red wrote:

The RFL advance money on a regular basis to clubs, especially in the off season. They can't advance anymore to Green as he's had it all.

I understand they do, and have advanced money to clubs. But how do we no this has happened at Bradford? Do you have proof?

Re: Administration Again : Mon Nov 14, 2016 4:41 pm  

RickyF1 wrote:

Surely the RFL aren't stupid enough to give em that??

Remember, this was the start of it. Hood went cap in hand to the RFL for a loan (with hindsight, asking for more rope to hang himself with). And remarkably, the RFL believed him and offered him a £700k secret loan (with hindsight, more than enough rope to hang basically everyone) with no surety. The rfl then panicked a few months later and took the head lease from the Bulls (the only asset the club had left) in order to get something out of the huge screwup they had, in part, created.... And it went downhill from there.

So yes, the RFL are stupid enough to give clubs money.

Re: Administration Again : Mon Nov 14, 2016 4:41 pm  

RickyF1 wrote:

I understand they do, and have advanced money to clubs. But how do we no this has happened at Bradford? Do you have proof?

Oh thanks Ricky, I needed cheering up.

Asking a troll if he's got proof to back up his statements

Classic gag there fella

Re: Administration Again : Mon Nov 14, 2016 4:43 pm  

www.bradfordbulls.co.uk/news/post/admin ... -appointed

www.bradfordbulls.co.uk/news/post/admin ... -appointed

Re: Administration Again : Mon Nov 14, 2016 4:44 pm  

Highlander wrote:

Remember, this was the start of it. Hood went cap in hand to the RFL for a loan (with hindsight, asking for more rope to hang himself with). And remarkably, the RFL believed him and offered him a £700k secret loan (with hindsight, more than enough rope to hang basically everyone) with no surety. The rfl then panicked a few months later and took the head lease from the Bulls (the only asset the club had left) in order to get something out of the huge screwup they had, in part, created.... And it went downhill from there.

So yes, the RFL are stupid enough to give clubs money.

Good point

Re: Administration Again : Mon Nov 14, 2016 4:45 pm  

Step forward Mandy Koukash?

What a mess.

Re: Administration Again : Mon Nov 14, 2016 4:46 pm  

dddooommm wrote:

Step forward Mandy Koukash?

What a mess.

I don't think even the Dr is stupid enough to jump into this mess.

Re: Administration Again : Mon Nov 14, 2016 4:48 pm  

So, do I start the Visa chargeback process now? or wait until the administrators & new owners make a determination on the tickets?