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?

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 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?

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

Quote ="paulwalker71"T&A Updates with plenty of new information on the consortium 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.

Quote ="paulwalker71"T&A Updates with plenty of new information on the consortium 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.

We're very much in a "any port in a storm" scenario and I'm delighted that local business men are looking to get involved and save the club (I took the girlfriend to Akbars in Leeds last night for a pre-celebratory meal,) but I have 2 concerns.

1- They want Odsal more than they want the club. While I didn't like Valley Parade, I'd rather go there than lose the club.
2- Aren't be just back at square 1 with multiple people owning the club and a fractured share holding? Who knows what could happen in 6 months time - we could end up with another warring board

Quote ="vbfg"Special favours for Bradford: www.superleaguefans.com/champion ... y-rfl.html'" But none for Wakefield over a measly 300K www.skysports.com/story/0,19528, ... 75,00.html

Quote ="vbfg"Special favours for Bradford: www.superleaguefans.com/champion ... y-rfl.html'" But none for Wakefield over a measly 300K www.skysports.com/story/0,19528, ... 75,00.html

Todays t&a makes reference to Noble helping with the consortium to determine player selection for this/next year. Doesn't seem like were going to see Potter back....

Quote ="paulwalker71"T&A Updates with plenty of new information on the consortium 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?'" As they say the devil is in the detail and there is some devil in here that will need resolving. I hope Bradford come out of the other end of this but some of the inferred caveats in here look a bit rich to say the least. Its still going to be interesting have the RFL got the bottle now to let Odsal go after their statements earlier this year about its iconic status to Rugby League. What is the point of the three year license if Bradford go out of business and a new company come in. Surely the fairest process would be to allow other clubs to apply for this license (Halifax, Featherstone etc along with the Bulls newco if they take over and let let the best application win. There would be strengths and weaknesses in all applications but a clear transparent process would put this to bed by the end of the year. Yet again the sport is under scrutiny for all the wrong reasons and this is probably only the start. Good luck

Quote ="paulwalker71"T&A Updates with plenty of new information on the consortium 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?'" As they say the devil is in the detail and there is some devil in here that will need resolving. I hope Bradford come out of the other end of this but some of the inferred caveats in here look a bit rich to say the least. Its still going to be interesting have the RFL got the bottle now to let Odsal go after their statements earlier this year about its iconic status to Rugby League. What is the point of the three year license if Bradford go out of business and a new company come in. Surely the fairest process would be to allow other clubs to apply for this license (Halifax, Featherstone etc along with the Bulls newco if they take over and let let the best application win. There would be strengths and weaknesses in all applications but a clear transparent process would put this to bed by the end of the year. Yet again the sport is under scrutiny for all the wrong reasons and this is probably only the start. Good luck

1- As a Warrington supporter, I have no horses in this race. Well, one actually, that I follow a minority sport (RL) passionately and I want the best for it. Bradford Bulls surviving in SuperLeague is clearly that. Anyone with a brain in their nut can see that.

2 - Lots of SL clubs have had advances of TV money in the past. It's a more distressed situation now, clearly, but if that's all that the Administrator is asking for then there is no issue.

3 - I understand why supporters of clubs that had been in admin might cry foul and "consistency". I don't know what inconsistent treatment there has been; presumably none. However it's too reductive to say "Wakefield got A, Bradford should get A too". Wakefield aren't Bradford. With the best will in the world, they're not and it's important each club is dealt with on their own terms. That's not special treatment, it's common sense.

4 - There clearly does need to be a review of top flight RL. The Bulls' situation may be down to rank bad management (well, clearly it is) but the question has to be asked as to how sustainable the current model is. The sport may need to contract in the future. That's something facing both codes of Rugby in this country.

Quote ="paulwalker71"T&A Updates with plenty of new information on the consortium 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?'" This is a nightmare scenario for the RFL, They shelled out the market rate for the lease on Odsal for 2 reasons, to help the Bulls as they were in financial difficulties and need the cash to pay back a loan and most importantly to "save" the iconic ground for RUgby League. Now if the new deal is the proposed investors want the lease to Odsal and security that Bradford will remain in SL then the RFL have to stand firm and have a contracted undertaking that They will be playing at Odsal and it will remain a rugby league ground for a considerable time. Anything less than the Bulls being at Odsal and the RFL selling out to developers will leave them a complete laughing stock........

Quote ="paulwalker71"T&A Updates with plenty of new information on the consortium 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?'" This is a nightmare scenario for the RFL, They shelled out the market rate for the lease on Odsal for 2 reasons, to help the Bulls as they were in financial difficulties and need the cash to pay back a loan and most importantly to "save" the iconic ground for RUgby League. Now if the new deal is the proposed investors want the lease to Odsal and security that Bradford will remain in SL then the RFL have to stand firm and have a contracted undertaking that They will be playing at Odsal and it will remain a rugby league ground for a considerable time. Anything less than the Bulls being at Odsal and the RFL selling out to developers will leave them a complete laughing stock........

The RFL is already a laughing stock as you put it. By changing- bending the rules to suit SL clubs and themselves.

I think one reason why the consortium wants the lease might be to give us security once more, as the previous sale took that away hence where we are now !

The rfl can always argue that they bought the lease in good faith for the reasons they give at the time. They could now argue that there is no longer a viable solution that will allow rl to continue at odsal. They gave it their best shot, gave the bulls time to find a solution to their financial problems. As long as they get back what they paid for the lease, I would say this is the least of their concerns.

Unless they were complicit with what seems to be the biggest scam in the history of The RFL.

If property developers are involved they are likely only interested in Odsal for development, not as philanthropists, which would mean VP for Bulls, not that that particularly concerns me. But if they are getting Odsal for development the RFL/Council should realise a large part of the value of the land, which is essentailly planning permission for alternative use/s. Once the profit from possible development has been realised by the developer/consortium what attraction is there from continuing their interestin RL, unless they are indeed long time Bulls fans? Hopefully by this time the Bulls might have developed a sustainable business, but this will be mid/lower table without the continuing investment of a sugar daddy.

Interesting they keep refering to Odsal as an iconic RL ground, don't get me wrong I am one of the fans with a soft spot for the hole - but wasn't the state of the ground our "weakest" area in the last licencing round. So not sure how you square the iconic=dump equation - so you can see what the RFL will be saying if we move - nice history but need to have proper facilities etc.

Tigertot ... you got in there just as i was writing!

Why on earth would property developers want land?

still feel we should have a campaign to raise funds to buy our club and make sure we remain a rugby club!

Sorry ... all i can see is Birmingham(joe Bloggs era!)/Blackburn plus future problem .. BUT SO HOPE IM PROVED TOTALLY WRONG!

Possibly the consortium then hands control of the rugby side of the business back to a member of the consortium who hasn't yet been mentioned by name?. Remember it was mentioned yesterday that Akbars weren't the main players in the consortium. Wouldn't be at all surprised if CC turns out to be part of the consortium.

All this still seems a bit fishy to me. I mean, Coulby coming back to the fold (after being made redundant) Noble coming back into the fold. There's certainly more to this than what we are seeing. Property developers being a major part of this consortium also shows what plans they have for Odsal.

Another part of the T&A made reference to BG selecting and preferring the right deal for the club going forward. Is this an indication that there were multiple bids, but this is the one he has chosen to run with?.....

Can't believe i haven't won the euros again.... Maybe Friday!

If you do survive and Noble returns as fulltime coach could this have a detrimental effect on team spirit(which is probably what has kept the club going the last few months) as the players appear to have a great affinity with Potter.
Just hope for your your sakes any new owners are aware of this.
Smells more and more like Caisley is still involved in the background.

For the first time in weeks I'm optimistic about our future. First and foremost two of the "conditions" are less about money and more about the playing side. Someone with a rugby brain has accurately insisted that our CURRENT (not future) license remains . That suggests to me that they want a competitive team in SL.
Secondly I'm especially pleased that they say there cannot be any firesale of the younger players so those same rugby brains are looking to the future.
Some are concerned about the presence of a property developer in the consortium. The thread has moved away from all the talk about the Coral Stand and some are now implying that some property speculator wants to come in and change the use of Odsal from league to something else. What exactly? The site is well sited (road links etc.) but the bowl (or as some call it the big hole in the ground) is not exactly well suited to anything else. And remember we're in a recession so a massive re-development involving millions seems to me to be unlikely.
I'd prefer to think that the new owners are looking to firstly develop the Coral Stand (remember some of the threads which commented on it's lack of use and drawbacks) and then perhaps use the basic layout of the ground to increase it's use for other events.

One can only hope

The HMRC would be better off making their own bid, they could bid £1m knowing they would then get all they were owed and have all the players left to sell off and make a profit

I agree with that. I would hope that what is in mind is firstly the development of the Coral Stand as a banqueting and conference facility, wedding venue etc. In time that may involve extending it to provide greater capacity - not sire how possible that would be if they don't own the ground.

Then maybe looking at using the ground for other events. Who knows what? Concerts? Other sports such as Stock Cars, Speedway etc. Kabbadi has been mentioned (think it was tried once before if memory serves).

I'd be amazed if they would be looking to go to the incredible expense of filling in the bowl and building houses on the land in the current economic climate