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| Quote ="Special One"If the [uScottish football can cope without the Rangers[/u them the Rugby League can do without the Bradford.'"
Are you sure about that ?
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| Quote ="Fred_Pickup"The whole sorry saga seems to be a microcosm of the Euro crisis.
As each "critical" point is reached, just enough funds are pumped in to avert total collapse.
The EU's objective vis a vis Greece looks like being keeping things afloat long enough to engineer a Greek exit which is "managed" with less impact on Spain and Italy.
The RFL's objective is to see Bradford to the end of the season.
Personally, I would probably deny them the right to a play offf place if that merely ended up using more RFL funds as it would seem like undue preference with a real negative impact on the 9th placed club.
After that, the offering for 2013 needs to stack up, and be seen by the rest of the Rugby League community to stack up, for whoever may be a prospective licensee.'"
Agree. Greece (the euro) and The bulls are doomed. The agony is just being prolonged for fear of the short term consequences: the collapse of both is certain with the perpetuated pretence just delaying the inevitable. The decimation is going to hurt all the more when it comes.
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| its time the rfl made a decision and told the bulls they are playing in the championship next season and sell some players to pay some bills
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| Quote ="bigcol2"its time the rfl made a decision and told the bulls they are playing in the championship next season and sell some players to pay some bills'" So you think the RFL should undermine the whole takeover process and force a member club into liquidation at a critical moment? To help pay the wages they are advancing them Sky funds relating to the current season early - which is not unusual for several clubs in the league. The demand of seemingly outraged fans from outside Bradford for the RFL to take some sort of premature "decisive" action is puzzling to me when the very nature of this situation involves offer, counter-offer, negotiation and patience.
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| Whatever the outcome there is NO WAY their future place in SL is assured to seal any kind of takeover and as for the £££££ IF they run out then they should sell they were quick to pick off Cas when they went down ,wanted the Broncos kicked out of SL altogether and have handed contracts to players they have no way of honouring lets be straight here the RFL have to be very carefull because they were happy to see other clubs fall and this should be no different.
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| I'm sure that one of the franchise criteria for SL clubs was to do with financial stability.
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| Aye, easy to beat at Monopoly too i bet.
I feel for the genuine fans of Bradfud i really do, but rules is rules. Kudos for the consortiums chancing thier arms on strings attached bids, never hurts to try. Its not as if it thier business thats drowning is it?
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| As far as I can see, the RFL are not in a position to take "decisive" action. If they are being asked to "guarantee" Bradford's franchise, that's clearly not a tenable position. Franchises have always been conditional, and that can't be altered for one club.
If they are in a position to advance Bradford cash for this season's TV rights, no harm in that as far as I can see. Whether it's a great way for a new venture to start out from the club's point of view is another matter...
Am I right in saying though that the decision to liquidate or not rests largely with the administrators?
It does appear that the decision to buy the lease on Odsal may not have been a great piece of business by the RFL. If Bradford did fold, or move to Valley Parade (not impossible surely?) as a Newco, then what would that asset be worth, given the covenants on it?
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| I think the RFL are caught between a rock and a hard place. They have at least
have an asset in odsal albeit not a very sound one. They could have finished up with nothing if the bulls had gone bust owing them a large amount of money.
Like the majority of people on this foroum , I am becoming more and more
Suspicious of some of the bulls wheeling and dealing. I think if they go bust
there will be certain things seeing the light which may surprise people,and not in
a nice way .
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| Quote ="El Diablo"Am I right in saying though that the decision to liquidate or not rests largely with the administrators? '"
That's how I understand it.
Quote ="El Diablo"It does appear that the decision to buy the lease on Odsal may not have been a great piece of business by the RFL. If Bradford did fold, or move to Valley Parade (not impossible surely?) as a Newco, then what would that asset be worth, given the covenants on it?'"
If the Bulls go into liquidation the lease the RFL hold certainly looking a bit like they've been sold a pup. Any newco would be free of any contractual obligation to play there (unlike the current setup). So they could go elsewhere in theory. However I would expect VP to be more expensive.
This of course assumes there would be a newco. Not sure who would fund it and how it could afford to run. VP and Odsal would both be out of the price range of any sub SL operation. All the current bidders want to know if they're guaranteed SL status, a fair question to ask really.
You could easily have the RFL owning the lease on Odsal but no club in Bradford.
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| Quote ="Bullseye" You could easily have the RFL owning the lease on Odsal but no club in Bradford.'"
They could turn it into a tip
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| Some bradford fans are criticising the RFL but what do they expect them to do?
Damned if they do damned if they don't.
They can't accept a bid which guarantees bradfords super league status, that's a no brainer, yet the bulls fans what an explanation on this
They advance them sky payments to keep them going and it's just ''the rfl getting us to fullfill the fixtures then they can screw us over''.
If he rfl don't advance those payments then the bulls will liquidate tomorrow. Gone. Puff. So what the f*ck do they want?
The RFL need to look after the best interests of the game. Bulls made their bed with shoddy management, now they can lay in it. It's not everyone elses responsbility to sort them out.
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| Quote ="Bullseye"That's how I understand it.
If the Bulls go into liquidation the lease the RFL hold certainly looking a bit like they've been sold a pup. Any newco would be free of any contractual obligation to play there (unlike the current setup). So they could go elsewhere in theory. However I would expect VP to be more expensive.
This of course assumes there would be a newco. Not sure who would fund it and how it could afford to run. VP and Odsal would both be out of the price range of any sub SL operation. All the current bidders want to know if they're guaranteed SL status, a fair question to ask really.
You could easily have the RFL owning the lease on Odsal but no club in Bradford.'"
Hindsight is a wonderful thing. If a newco was somehow formed i'm sure the bulls would get a favourable deal from the RFL to use odsal again.
I guess the problem with advancing the sky payments is that the pot of money runs low and any new owner will have more finanical strain for a period of time.
But it's the only to keep them going longer.
The bulls and the RFL are stuck between a rock and a hard place.
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| Looks like all offers the RFL have received are speculative ,in other words taking a long shot and hoping the RFL will give them the ground lease, Franchise etc for a reasonable cost, thus giving them a business structure which is up and running. The RFL made it quite clear on the format each bid should be based on
All bids have failed on this format. Obviously people are looking for a cheap deal
That's the way of the world. It's resulted in a big time wasting exercise.
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| This really is a horrible mess.
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| When will the ABC consortium get the message.
NO CONDITIONAL OFFERS.
Its quite simple really, offer something decent or pull out and stop wasting your time that of the RFL and also giving lots of false hope to genuine Bulls Fans.
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| Agree TC what part of the rejection do they not understand???
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| If the Papa Lazarou was here he would say one thing.
"This is just a saga now Dave"
Very nice Papa Lazarou
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| Quote ="the canaries"When will the ABC consortium get the message.
NO CONDITIONAL OFFERS.
Its quite simple really, offer something decent or pull out and stop wasting your time that of the RFL and also giving lots of false hope to genuine Bulls Fans.'"
Or when will the RFL get the message
NO PURCHASE WITHOUT STABILITY
It seems perfectly vald for any buyer to ask for assurances as to whether the existing SL licence will remain vald for the granted term.
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| They arent just asking though Richie they're seeking guarantees which the RFL are right in refusing and not only that once they were refused they still came back with the same demands f##* em.
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| Quote ="rhinoms"They arent just asking though Richie they're seeking guarantees which the RFL are right in refusing and not only that once they were refused they still came back with the same demands f##* em.'"
What guarantees do you believe them to be asking for? All I have seen as an assurance that they won't be kicked out of SL at the end of this season for the existing financial issues.
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| Quote ="Richie"What guarantees do you believe them to be asking for? All I have seen as an assurance that they won't be kicked out of SL at the end of this season for the existing financial issues.'"
They are offering the T/O on the back of guaranteed SL franchise and getting Odlsum back.
Now if they are wanting to buy back their crater fair enough but who are they to demand they keep the SL franchise after all this sh##?
The RFL didn't guarantee Wakey or help Halifax with their ground issues ,the same with Widnes when they were in the brown and smelly so why should they get special measures??
Also IF they are so close to going under why isnt the adminstrator selling assets??
This farce has gone on long enough and too far if they are due Sky money then fine give them it to pay the wages but other than that the RFL can't and shouldn't do what they haven't done for other clubs in the past.
Id also question where is the White Knight Caisley?? seems hes gone quiet after his and Nobles (alleged) master plan back-fired.
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| Quote ="rhinoms"They are offering the T/O on the back of guaranteed SL franchise and getting Odlsum back.
Now if they are wanting to buy back their crater fair enough but who are they to demand they keep the SL franchise after all this sh##?
The RFL didn't guarantee Wakey or help Halifax with their ground issues ,the same with Widnes when they were in the brown and smelly so why should they get special measures??
Also IF they are so close to going under why isnt the adminstrator selling assets??
This farce has gone on long enough and too far if they are due Sky money then fine give them it to pay the wages but other than that the RFL can't and shouldn't do what they haven't done for other clubs in the past.
Id also question where is the White Knight Caisley?? seems hes gone quiet after his and Nobles (alleged) master plan back-fired.'"
That's not what I heard. All I heard was that an SL position was to be allowed in line with the licence the Bulls currently have. Do you really believe ABC asked for an indefinite licence? For ever?
Wakey, Fax and Widnes were all different circumstances.
What assets do the Bulls have to sell? A group of players about to become free agents aren't assets.
I think you have very much misinterpreted the simple clarification potential buyers have asked for.
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| If its a simple clarification why was it refused point blank twice?
I never said they demanded a SL franchise forever either the RFL have already said it will be reviewed at the end of the year which is spot on so why should they give any guarantees from that review before its taken place?
They had offers for players earlier in the season by their own admission which they turned down did they not?
If not they should have and made clubs aware players with any market value would be available for the right price if it meant saving the club.
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