Board index ‹ Super League ‹ Wigan Warriors - cherryandwhite.co.uk ‹ If Bulls are liquidated......

[Wigan28/Leeds18 Andy]

bewareshadows wrote:

If the bulls liquidate then surely they would lose all their players, how would they reform as a new club.

Depends how the administration finishes and if a Newco is formed that buys the good stuff - assets (not many), contract, brand etc. See many football clubs e..g Leeds and London Broncos on how to do it.

[bewareshadows]

It confuses me.

So no one buys the bulls in admin.

So they liquidate, surely even if they don't own the ground the new company will have to offer the scrap value of the coral stand etc (which I beleive the bulls still own) or the HMRC, would be well within their rights to say that the money to buy is not enough and sell the stand to generate more income.

It does seam a bit of a con that they can just turn their backs on the money owed and then set up again the next day with the same staff, same owners, just no debt.

If somebody was to buy Bradford pre-administration then they would still have to settle their debts. If they buy them now.....they don't. (according to the administrator on Sky Sports News) but they would still need to find around £300k per month.

If the Bulls liquidate then a buyer can come in and set up a newco 'Bradford Northern Bulls' for example with no debts whatsoever and write all new contracts that would lower the wage bill. They can let admin staff leave without paying them etc etc. It's basically the same club under a new name and with costs that they can afford.

Isn't the HMRC clamping down on clubs that go into administration because of not getting the real term tax? As they had enough of mainly football clubs not being run as a business properly. Also wasn't one of the reasons why Widnes didn't get into the SL in the first franchise was because they went into administration in a previous regime and Lewis said although they had a new owner it is still the Widnes identity. From that last sentence wakefield shouldn't be in SL, I've confused myself now.

fatbaztod100 wrote:

I've confused myself now.

Congratulations. You have now passed the test to work for the RFL.

Deano G wrote:

£300k per month.

For somebody who has such strong views about the inept manner in which the RFL and its member clubs are apparently run I am always amazed that you have such little understanding of what is actually involved.

How much do you think Wigan pay in total per month on salaries?

Paul Youane wrote:

For somebody who has such strong views about the inept manner in which the RFL and its member clubs are apparently run I am always amazed that you have such little understanding of what is actually involved.

How much do you think Wigan pay in total per month on salaries?

£3.50 and a pie

Conroy wrote:

£3.50 and a pie

Do pies count towards the cap? We may get accused of breaking "the crust of the cap".

Wigan28/Leeds18 Andy wrote:

Maybe because clubs employ people other than players perhaps? In any case the actual monthly salary figure is closer to £300k per month according to the administrator.

Of course. Point is they are obviously still employing players "above their means".

[Bilko]

If Bradford Went and they expunged their record, the table would become

Wigan P17 P28
Warrington P17 P25
St Helens P17 P22
Catalan P16 P22
Huddersfield P17 P20
Hull KR P17 P19
Leeds P16 P18
Hull P16 P18
Wakefield P16 P12
Salford P16 P10
Castleford P16 P10
London P17 P6
Widnes P17 P6

Saints, Hull KR would be beneficiaries. Catalan, Leeds and Hull would drop back a place. Salford the biggest losers. Top 8 qualifiers pretty much all in with a 6 point gap.

But what would happen to Leeds. As the only club to play them three times, they would suffer worst and the "Magic Weekend" surely means that just wiping the record isn't possible? Hard to see how the RFL can get out of that one, if it happens.