going off subject a bit but has anyone got a true idea of how all this affects us regarding our super league licence and if we do go into administration are we guaranteed to lose it?

If we go into administration and no credible plan emerges, it is academic anyway.

If we go into administration, and a plan emerges that enables a new club to rise, but unable to fund operating at SL level and so has to start in the lower leagues, then it is academic anyway.

If a plan emerges that IS properly financed, and if the new owner is deemed a fit and proper person by the RFL to run a SL club, then the RFL will have to come up with a very good reason to backtrack on their stated position that insolvency will be judged very seriously in future. Lap of the Gods there?

I'd prefer to stay out of Administration at all costs, so we never have to put it to the test.

Yup!

Don't be so silly ....

Hasn't Duckett already stated that there is a plan once the debt/cash-flow issue is resolved ? In fact isn't that the basis for taking your money via the pledge ?

It would be a no-brainer for the RFL. Have a functioning Bulls in SL or not considering the money generated by a functioning Bulls for a) the competition and b) other clubs.