As has been the case on this forum for the last six or seven weeks, there is much assumption and guesswork, punctuated by Adey giving us his reasoned ideas as an acountant. theres the usual, "hood's a liar" versus "Caisley scuppered the pledge" and the truth is we will never know!
All I ask is: Why did the club announce Elliot Whitehead's new contract when they did? If we are talking about knowingly trading whilst insolvent, this is a bombshell for Hood and Bennett isnt it?
OK - Worst case scenario - Administration.
The clubs financial commitments going forward on contracts already signed are cancelled. This would include suppliers, players and staff. The newco is then able to negotiate new contracts going forward. we may lose some dead wood, but also risk losing some that we would want to keep. Would the contract with Bradford MDC for Tong be cancelled??? Do we own, or rent Tong? I am sure that as part of the review, these are the type of discussions taking place, not just looking at where we are, but what we need to function!
the club will receive a points deduction upon entering administration - costing a possbile playoff place (but perhaps not!) and a likely share of prize money.
We may be risking our license at the next review for SL - but are we really??? would the RFL bin the BUlls where it had already kept Wakefield in under similar circumstances, and financially supported the London club and the Welsh club over a number of years? Also, if we are not in SL, what is ODsal worth to them? This could be Hood's legacy. Giveing the RFL odsal to protect our Superleague status!
Our reputation to business partners and ability to get anything on credit will go through the floor - but isnt it there already?
A less complicated shareholding is created. The current shareholders are annoyed, but perhaps in a year or two of prudent trading, a new owner comes along and buys Caisley et al out? Long term stability could be acheived much more quickly?
I am no expert, and have no more intimate understanding of running a sports club than anyone else on here. Could it be that simple?