Board index ‹ Super League ‹ Leeds Rhinos - southstander.com ‹ Bulls into administration?

On sky sports app, states they have been given a winding up order by HMRC and have 2 weeks. Bulls have filed to appoint administrators, but they state it doesn't mean they will go into administration.

Will the feeding frenzy start on their squad?

Ferdy wrote:

On sky sports app, states they have been given a winding up order by HMRC and have 2 weeks. Bulls have filed to appoint administrators, but they state it doesn't mean they will go into administration.

Will the feeding frenzy start on their squad?

They have 10 working days to find the money they owe.

O'Haras will be rubbing their hands again.

Bye bye Bradford. Bye bye.

They'll go into admin, and maybe lose a couple of players but come out clean. The likelihood of there being no Bulls is very low - they have no assets apart from players and the RFL owns the lease to Odsal.

Shame to see any club go into administration although a winding up order doesn't necessarily mean they will automatically have the administrators flogging the family silver (ironic choice of phrase I know).

Although if they do lose their best players and can no longer compete you'll have to question their worthiness of a franchise.

If they come out as a Newco, I hope the Broncos vote against their readmittance to SL. What goes around, and all that. Pressure is now on the Caisleyites to put up or shut up. Unless the administrators have a buyer lined up who can provide an acceptable deal for the creditors then assets will have to be sold. They already have a written offer from Warrington for Bateman on the table.

BrisbaneRhino wrote:

They'll go into admin, and maybe lose a couple of players but come out clean. The likelihood of there being no Bulls is very low - they have no assets apart from players and the RFL owns the lease to Odsal.

Doesn't sound like they'll be a viable new business then.

craigizzard wrote:

Doesn't sound like they'll be a viable new business then.

No less viable than the rest of the debt ridden clubs in the sport with assets worth next to nothing and borrowings guaranteed by their directors.

pity the poor supporters that pumped £500k into the club based on false information. suddenly a £1m debt seemed to become a £2m debt. There will be a lot ot people with a sour taste in the mouth.