If you ignore the headline and read the meat of the article I would agree with Cibaman

Depends on whether it's a red line or a negotiating position, I guess.

My suspicion is that, at a base level, the RFL would hate to see us go to the wall, for all the obvious reasons, so whether it's a red line that slowly becomes a negotiating position depends on how much they'd like to keep us in, [iand[/i how much ABC want the club. Who blinks first for ABC and RFL and squeaky bum time for us.

Quote in the T&A from BG...

'There will be losses for three years and we are talking about two and a half to three million pounds. That is a lot to be philanthropic. People are throwing their money away and some generous benefactors are putting in big money to help out'.

So reading between the lines they have made an offer that covers the projected losses. No mention of any bid for the Odsal lease.

That's how I read it too

Or any payment to the creditors

The payment to the creditors will come out of the sale of the club by the administrators less their fee

The RFL are now saying the adminstrater hasnt recieved any offer, wtf!!!

Yea, just read that on Sporting Life website and that administrator was unavailable for comment.

Heartily sick of being treated like a mushroom now. Can they just sort it and tell us result when it's all over?

www.sportinglife.com/rugby-leagu ... -for-bulls

www.sportinglife.com/rugby-leagu ... -for-bulls

So the offer is to cover the losses for the next 3 years, no payment for creditors and the RFL hand odsal back to them for free?