Quote Slugger McBatt="Slugger McBatt"Depends on the difference between the two, I suppose. If, say, full market value is 1.75m and the RFL accept their money back of 1.25m, the new owner has acquired an asset at £500,000 less, which of course would go to the balance sheet as 1.75m and the £500,000, if they chose to spend it that way, be used to pay off debts. This means that the RFL have paid off some of the debts.
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Er, no, it would mean the RFL royally shafted the Bulls by buying on the cheap as a distress sale.
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