I've mulled over this and I'm edging towards no.
For a club like Cas, the income we get from a game like the Bulls on matchday is significant compared to the likes of say, Huddersfield.
But there is a moral decision. If it was administration and exit through CVA then no. But if the club go bust and are liquidated then they should be relegated. The clubs in the divisions below should get to have their day in the sun too and so I think it's only right if Bradford are not given back their licence.
Equally, not having Bradford in Super League - purely for selfish reasons - means that we have a realistically higher chance of finishing higher up the table, winning more games and also looking at better players, which in turn can drive up our own income.
Additionally, for sporting and rugby league reasons, having Bradford down in the lower leagues for a couple of seasons will add massive value to any television contract down in the Championships, sponsorships and also attendances. The profile of having such a team in those divisions could help strengthen the game in some respects. Having stronger lower divisions is significant if we're ever going to grow the game and have more competitive leagues and teams.