We're in uncharted waters. This was done to get BG out of the way as he was in a position to close everything down.

This is an offer to BG to form a newco. Decision Tue/Wed next week
The contracts will be TUPE'd across.
Old debts will be left behind. But this is the clever bit.
SLE/RFL are only guaranteeing until Nov30th.

The thinking is with BG out of the way that offers will come in which can be considered. The only way to retain the SL licence is to make good a substantial amount of the old debts (like Glover did).

The Sugar Daddies of clubs which make annual losses were set against Bulls walking away from debts and staying in SL. So against it were they that they pointed out it would be easy for them to do the same thing with their clubs - leaving the RFL with the possibility of "scorched earth" up & down the M62.

No offer made, then on 1st Dec the (debt -free) Bulls start life in the Championship.

The SLE/RFL still have to think about Coaching staff, academies, scholars, administration. No decision made on any of these yet. Not actually had time to think about it yet.

Uncharted waters, Interesting times.

Firstly, I'd like to say I'm glad the Bulls look to be in the clear. OK, I'm a Leeds fan, but have a few good friends who are Bradford fans. I'm genuinely chuffed to bits for them and the rest of you.

I do feel sorry for fans of other clubs who have entered admin or gone bust. They must be find today's news perplexing at the least.
Obviously the deal still needs to go though and we probably won't know a lot of finer details for a while yet.
Let's hope this mess can be resolved and the whole thing is used as a case-study for the prevention of future club financial problems.

I think he'll be glad to see that back of us.

If weren't before, we must now the most hated club in Super League surely?

Morally, we should have gone to the wall, however hard that would have been.

Indeed.

Gives him a quick and honourable way out, presumably with his bills paid.

Bet the conversations of late between him and the Dark Lord have been not dissimilar to those between Oliver Hardy and Stan Laurel after the latter's frequent bollox-ups...?

Waaah?!

The subject is a bit wrong.. we've not been bought yet!

I couldnt see a sugar daddy option, so the sugar daddies option was completely off the radar, tho on reflection logical given the chicken-egg situation. nor does this bid exclude some of the other consortiums ideas for increasing income, if they were that good then they are still worth pursuing with the new owners. If I was SLE I would look at the feasibility of creating a better Mancy curry mile for Yorkshire, the Bollywood Bowl (with acknowledgement to the Bollywood Restaurant in Gargrave) or some other cheesy title (oops).

What is important now is the Bulls fans through whatever structure/organisation have as much influence on the future of the club as possible whilst there are owners that genuinely have the clubs interests at heart. BBuilder are the obvious choice to get in there quick and get a foot in the door and start the dialogue, even if they then are replaced by a different fans body.

A mere detail Numbers....

If MR G accepts- This is a newco...all players we're told contracts void once this season ends and are free to look for new clubs, presumably because bulls will be in championship next season? And the contracts state super league?????

micheal platt has just tweeted that their understanding is they will be in champoinship next year unless a buyer can be found

Contracts apply until Nov 30th. We'll know by then whether it's SL or bust...

Was ever thus...

He may have a release clause in his contract enabling him to go. If I were him I'd be keen to stay where I'd got such a good deal in the past.