[Pumpetypump]

Re: Latest state of play posts only : Fri Jul 27, 2012 12:59 pm  

af wrote:

You embarrass normal Halifax fans with your blatant priapism over the possibility of the Bulls going bust.

Can we ban him boss?

Re: Latest state of play posts only : Fri Jul 27, 2012 1:18 pm  

af wrote:

You embarrass normal Halifax fans with your blatant priapism

Nothing to be embarrassed about worshipping Priapus, I thought you were one of the tolerant ones on this board.

Anyway we don't let any old Halifax trolls and riff-raff into our cult

Re: Latest state of play posts only : Fri Jul 27, 2012 1:39 pm  

childofthenorthern wrote:

..
I've come to the conclusion it just added to our problems in terms of another VAT bill and the RFL backing themselves into a corner regarding the lease when it's clear now (hindsight is wonderful) if they'd refused we would have gone through this process much earlier while still owning an asset and the RFL avoiding a PR problem of being seen to favour us excessively. The RFL at that point would maybe have been able to offer better support to anyone coming in to buy without having the conflict of interest in being the games governing body and owning the lease. Of course then they might have had to admit they lent around 3/4 of a million pounds to the Bulls without telling anyone else.

What do you think anyone else will give the RFL for their lease? Is it more realistic now to value any offer against that rather than what they paid for it?

Of course, though, if they sell the lease back, then we are all winners, because the VATman will then receive another substantial bunch of VAT on it, to go with the first lot. So that will be, what half a mill into the public purse in all?

Maybe the liquidator should take action to set aside the sale of the lease. That way, apart from anything else, the VAT on the lease becomes a credit in the balance, and the RFL are back to having a debt due from the Bulls, along with the other unsecured creditors.

Re: Latest state of play posts only : Fri Jul 27, 2012 2:57 pm  

Ferocious Aardvark wrote:

Of course, though, if they sell the lease back, then we are all winners, because the VATman will then receive another substantial bunch of VAT on it, to go with the first lot. So that will be, what half a mill into the public purse in all?

Maybe the liquidator should take action to set aside the sale of the lease. That way, apart from anything else, the VAT on the lease becomes a credit in the balance, and the RFL are back to having a debt due from the Bulls, along with the other unsecured creditors.

Not so at all though.

Net benefit to HMRC is nil. The RFL would pay the VAT output tax to HMRC and the new buyer would claim it back. Nil gain or loss for anyone.

And as for the previous sale TO the RFL, quite the opposite. The RFL claimed back the input tax but the Bulls- because Caisley put them into administration and therefore the five instalments agreed from end May were therefore never paid - never paid the Output tax, so HMRC are currently down by 1/4m. The exchequer would be the winner if it was set aside.

Also, the RFL debt was secured by debenture so they would take precedence over the unsecured creditors.

Re: Latest state of play posts only : Fri Jul 27, 2012 3:11 pm  

Is the deadline still today as things stand?

Re: Latest state of play posts only : Fri Jul 27, 2012 3:13 pm  

Wirefan wrote:

Is the deadline still today as things stand?

At the moment yes, although given sutcliffes late bid and ABC submitting a amended bid apparently I would be surprised if there isnt a further extension.

Re: Latest state of play posts only : Fri Jul 27, 2012 3:41 pm  

mat wrote:

ABC submitting a amended bid apparently

Have they? Where have you seen this?

Re: Latest state of play posts only : Fri Jul 27, 2012 3:45 pm  

debaser wrote:

Have they? Where have you seen this?

was tacked on end of an article I read this morning. T&A or sportinglife most likely. But I think it was phrased as 'believed to be submitting an amended bid' so maybe not definite.

Re: Latest state of play posts only : Fri Jul 27, 2012 3:46 pm  

http://www.superleague.co.uk/article/25780/rfl-statement-%E2%80%93-ownership-of " the governing body is still unable to consider conditional offers." no change then so they'll reject this as well.

http://www.superleague.co.uk/article/25780/rfl-statement-%E2%80%93-ownership-of " the governing body is still unable to consider conditional offers." no change then so they'll reject this as well.

Re: Latest state of play posts only : Fri Jul 27, 2012 3:47 pm  

debaser wrote: Have they? Where have you seen this? T&A The governing body last night confirmed it had thrown out an “unacceptable” offer for the rugby league club by a group of Bradford businessmen, known as ABC, and branded conditions attached to their bid as “unreasonable and unrealistic”. The consortium, which had submitted an offer conditional on the stricken side remaining in the Super League and the RFL handing back the lease to Odsal Stadium, has now put a new deal on the table with only hours to go before today’s deadline. Beat me to it, Mat

debaser wrote: Have they? Where have you seen this? T&A The governing body last night confirmed it had thrown out an “unacceptable” offer for the rugby league club by a group of Bradford businessmen, known as ABC, and branded conditions attached to their bid as “unreasonable and unrealistic”. The consortium, which had submitted an offer conditional on the stricken side remaining in the Super League and the RFL handing back the lease to Odsal Stadium, has now put a new deal on the table with only hours to go before today’s deadline. Beat me to it, Mat