We have been given to understand the advance from last year has been repaid.
No idea if they owe us or if we owe them at this point in the year.
Rent is usually paid in advance, but who knows.
Our entitlement to Sky monies and other central funding would doubtless be voided in the event of insolvency.
There may well be a reversionary clause in the lease, same was as there was in the lease with the council - if not tenant paying rent for minimum of x years, repay £x amount on sliding scale - sort of thing.
The lease will doubtless be voidable in the event of insolvency, anf the RFL could enter into a new lease with the phoenix company on whatever terms they agreed.
The RFL could insist on any terms it chose, regarding a phoenix company repaying monies owed by the failed copmpany. Whether it could persuade the phoenix to pay up would be a matter between the parties, and would reflect their respective bargaining positions.
My suspicion is that a phoenix company would be in a strong initial position, since the RFL and Sky would be very very keen to have Phoenix stand seamlessly in place of Failed, with the mimimum disruption. But only if we had a prepack, and Phoenix was all set up waiting in the wings and ready to rock. The longer the intrerregnum went on, the more the club's pklayers and other assets would be likley to dissipate IMO, and the less likelihood IMO of Phoenix taking to the air.
