Quote: El Diablo "
2) Makes the RFL's decision to buy out the lease in the first place a terrible business decision doesn't it?'"
Quite the opposite.
The RFL were a creditor of the Bulls. They were owed money. They didn't pay for the leasehold, the accepted it in settlement of their debt.
As the Bulls have since that date gone into administration and are facing liquidation the RFL have, quite cleverly, avoided the situation of being a creditor in a pretty bad insolvency. They also accquired an asset (value tbd) which could be quite useful going forward.
It was a very smart move by the RFL.