Correct. A lot of it is media hysteria.

Tony is Silsdenbull btw, the squad thread guy

Surely even CC can see that if he were to put the club into administration, after all we as the fans (and the RL community in general) have done to keep it from precisely such a fate, then it would make him pretty much the most detested man in the whole of RL? Or does he not care about that?

You have to remember that however sincere that email might be, it's still only Andrew's side of the story and not completely factual.

Let's just wait and see what happens, we've done our part now.

If the pledge money pays the urgent debts, what other significant existing debts are there? What would be gained by Administration?

The other thing that people keen for admin are overlooking us that any new Phoenix company would be under no obligation to honour season tickets. Maybe not a massive issue for bulk of supporters but would hit those who bought into longterm ticket offers last year hard. And I'd suggest most of those would be hardcore supporters. Think a cornerstone of caisleys business plan is a immediate cash injection from people buying half season tickets or paying on gate for the rest off the year.

In financial terms? Release from obligations for the future - e.g. the liability to repay the council the Odsal settlement on a sliding scale up to 2019; most of the image rights tax. The big VAT bill due end of this month; the April PAYE due latest 22/5, and the Class 1A NIC bill due 7/7 (could be big); player contracts for players you no longer want (subject to what the RFL might rule); any other contingent liabilities from the past that have not yet crystalised; liability to repay sponsors if any circumstances in the agreements are triggered. And, of course, the multi-year season tickets (even if they honoured the current year ones).

Bet that lot tots up top a fair bit, quite apart from normal trade creditors (such as they are, given the club's credit rating will be the wrong side of zero right now).

On top of that, and just as importantly, Caisley gets to dump all the other shareholders, so he and his cabal have complete control of Newco. Not much chance of meaningful supporter representation then?

The downside for Caisley is if he does do that, and does not compensate those fans who have lost out, he is likely to become the most loathed and despised man in Yorkshire. Even HE cannot be so obsessed as to risk that?

The other thing would be the tie to odsal. Sure I can think of a couple of people with a reason to see us more elsewhere.

I guess that can only be conjecture, and I really can't see him thinking that, surely? Maybe if he said would honour the season tickets of those who had paid a pledge it could soften the blow for some, but IMO that approach would be commercial suicide.

If nevertheless such an event WAS to come to pass, I can assure you he would not receive a single penny form me.

And, don't forget, this rumour is another thing to undermine the pledge and collecting the monies in. Co-incidence? If it was to be deliberate, how would fans feel about being used as cannon-fodder? And if it is co-incidence, its another piece of very unfortunate timing.

Like most on here I'm not the greatest Caisley fan. Is it guess work that if he gets control Admin is his plan.

It can only be that, other than for those in the know in his inner circle. Bennett clearly thinks so from his letter (taking it at face value). From discussions with them, I have every reason to believe that the BoD will be much better placed than most to form an objective opinion.

If they use admin for the debts if other options are available its the last time I'm helping the BoD for numerous reasons.

Well they would say that anyone in there position would.

This may be a stupid question but I'll ask it anyway...

Doesn't administration mean a points deduction, undoing all the good work on the field this year? If this is the case, surely this would mean no play offs again this year, a reason stated by Mr Hood as something that hasn't helped financially.

I'm feeling increasingly uneasy at the thought of Caisley returning, and also that it seems inevitable.

As always, though, it depends on whether it is just opinion or is backed up by specifics.