According to Companies House, on 17/1/17 a document was filed by the administrator, confirming that this charge has been satisfied "in full".



Has anybody got a clue what is going on?

Points 5.1 - 5.9 in the administrators report sort of cover it, but as some of it is sub-judice, is intentionally light on detail.

Judge gave directions in High court on 21st November.

Must confess I haven't a clue what any of this means.

I bloody hope he hasn't got a penny back.

Does this mean our dynamic duo bought the club out of admin?

There's a summary by Adey on total rl, as much as is legally prudent I think.

Petitt still thinks the club is in admin, as the liquidation papers haven't been filed.

Thorne bought some of the IP from him.

Petitt says:

8.6 - Immediately after the (enforced ) decision to cease trading.....snip.... the RFL released a statement inviting any interested party to consider starting a new business.....

8.7 - Outside of this (unauthorised) action by the RFL, the administrators have also received 7 expressions of interest to acquire some or all of the business assets. Heads of terms have been agreed with one party...... which will be reported to creditors in due course.

i don't know what any of this means!!!!!!

ouch, Unauthorised action by the RFL...



But wait.... as the creditor is satisfied, after a fashion, does this mean that throwing £50k (IIRC) the RFL said were debts needed to be paid, at the creditors will allow Kim Jong (Pie-faced Shonny) to appeal the 12 points to a more manageable 6?



As if it couldn't get any more farcical.

So, hang on, if the administrator now sells the 'club' you will have two clubs and the original club if someone so wished could apply for membership of the RFL starting in Champ 1. Oh what a tangled web we weave.



Administrator still has old club. Thorne bought up some of the assets including the Bulls name. Chalmers is starting a brand new club that maybe can't use the Bulls moniker, the second named director of Chalmers new company is a NZ rugby league club who finished bottom of the NZ league last year and who were going to apply for a SL franchise in 2007.

They won't get an RFL licence though, so the old club is no use.



Well this is what i'm thinking as i don't really understand

Maybe Green got paid with shares in BB2017?