Quote Frank Whitcombe="Frank Whitcombe"It's a complex sale process, a rugby club from the administrator, a leasehold from the RFL, the offer to balance against liabilities and creditors to satisfy, and everyone's off - administrator is completing due diligence and something should break soon.
Terms are done, just awaiting acceptance from what I hear.
As for the rumour of the buyer, I couldn't comment publicly but I know initially the offer was an act of true altruism, which grew into making a lot of sense all round over the days and weeks, with the buyers eyes being opened to the Bulls heritage and potential to be linked with a positive winning brand alongside a massive development opportunity on the existing and surrounding site.
I've chilled out over Christmas knowing the little I do, I maintain that we definitely have a bright future, but the points deduction could mean it's a long road back.'"
The preferred bidder is the Leo Group, why you couldn't comment publicly is beyond me. We all use pseudo names on here to protect our identity. You can't comment because you don't know for sure if your info is correct. I'm sure you are well meaning as I think the majority of posters are.
At least the staff should know more by 1.30pm today. Then the rest of us will have to await the 'breaking news'.
