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Special favours for Bradford:

http://www.superleaguefans.com/champion ... y-rfl.html

Bets'y Bulls wrote:

Ok, just to summarise, if we survive and stay in super league some fans at other clubs wont like us. Oh well, s#*t happens!!!

Hang on Bets`y - Many Non Bulls Fans are/were very much in support of the clubs survival but remember it sets a very dangerous precedent as most of the other clubs are also heavily in debt.

If there is a guarantee for any purchaser to buy a SL club without debt AND the surety that it would stay in SL then I can think of another 6 clubs already which would love to take that route!

Could prove very expensive for the RFL/Sky etc as the HMRC would be the major creditor in all the Administrations to follow.

As a game we are very near the cliff edge.

I agree, many fans have helped in many ways but loads are on gloating which is starting to be a bit tedious.

Bets'y Bulls wrote:

Ok, just to summarise, if we survive and stay in super league some fans at other clubs wont like us. Oh well, s#*t happens!!!

don't worry about that.......most fans of other clubs hate Wigan anyway....

good luck and hope you can get the backing needed

Bulliac wrote:

Don't hold your breath.........

Your going to have to ,if they start a take away up.

Ferocious Aardvark wrote:

Any arrangement would also need HMRC to go along with it, as majority creditor.

Perhaps better not to have arrangement or CVA given the HMRC situation.
What is being looked at it seems is a "newco" looking at making an offer for the existing Bull's company. Again, I can't see the advantage of this as HMRC will not be happy taking a reduction in the £300K+ they are apparently owed.

It seems obvious that the best solution - providing the RFL and SL Clubs are OK with this, to let the old company go into liquidation and its old debts die with it and Newco then buys the few assets worth buying, enters a new lease with the RFL, negotiates contracts with players and coaching staff and finishes the season and just carries on, albeit with a poinyts deduction ans possible fine.
I cant think why BG isn't taking this route a la Rangers. Perhaps the Bull's owe other clubs money which they would not be happy seeing being written off.
Companies go into liquidation all the time - there is no reason why the Bulls can't and rise from the ashes.

Whatever happens; good luck, you are a great bunch of fans and SL needs competitive clubs like the Bulls with your levels of support.

saint at wire wrote:

Perhaps better not to have arrangement or CVA given the HMRC situation.
What is being looked at it seems is a "newco" looking at making an offer for the existing Bull's company. Again, I can't see the advantage of this as HMRC will not be happy taking a reduction in the £300K+ they are apparently owed.

It seems obvious that the best solution - providing the RFL and SL Clubs are OK with this, to let the old company go into liquidation and its old debts die with it and Newco then buys the few assets worth buying, enters a new lease with the RFL, negotiates contracts with players and coaching staff and finishes the season and just carries on, albeit with a poinyts deduction ans possible fine.
I cant think why BG isn't taking this route a la Rangers. Perhaps the Bull's owe other clubs money which they would not be happy seeing being written off.
Companies go into liquidation all the time - there is no reason why the Bulls can't and rise from the ashes.

Whatever happens; good luck, you are a great bunch of fans and SL needs competitive clubs like the Bulls with your levels of support.

Would the RFL and the other clubs accept the Bulls going into liquidation and just receiving a points deduction? If we go down the Rangers route, isn't there a much stronger case for relegation?

Cibaman wrote:

Would the RFL and the other clubs accept the Bulls going into liquidation and just receiving a points deduction? If we go down the Rangers route, isn't there a much stronger case for relegation?

In a nutshell yes, plus all the players become free agents. A newco without liquidation is preferable route IMO, as there's precedent already set for clubs going through admin-newco route and getting points deducted without suffering relegation (crusaders and wakey). The only difference since there cases is that rules have been changed to allow the option of revoking the license. But thing to note is that its just that, an option, not automatic as a lot of fans of other clubs are making out.

T&A Updates with plenty of new information on the consortium

http://www.thetelegraphandargus.co.uk/n ... ord_Bulls/

What do we feel about the whole business of needing to get their hands on Odsal, given that 'property developers' are involved in the consortium?

paulwalker71 wrote:

T&A Updates with plenty of new information on the consortium

http://www.thetelegraphandargus.co.uk/n ... ord_Bulls/

What do we feel about the whole business of needing to get their hands on Odsal, given that 'property developers' are involved in the consortium?

At the moment its a case of "any port in a storm" but there has to be a concern about any bid where the future of the club is secondary to some other commercial objective.