Why would they pay the administrator, who is then going to pay the creditors etc out of the money , £3m to cover future losses, as those future losses will need to be covered by them not the administrator? add the money for the lease, would you buy a business for £3-4M that is also going to lose £3M making your total investment £6-7M?

If they are indeed paying that amount, then its back to the most interesting point, where is the increased income going to come from to make that size of investment worthwhile?

the fact is the bulls spent more money than they had

I thank you for your powerful and incisive insight into the Bulls predicament. Do you seriously think there is anyone on here who doesn't know that already? If you'd read the odd thread, before diving in with that earth shattering info, you could have saved your time and our annoyance.

Reading the articles, it doesn't appear that there has been any direct communication betwen ABC and the RFL. All the quotes attributed to the RFL seem to be suggesting that they're only getting their information from Gilfoyle. If that's true they need to get the 3 parties in a room together.

It's heading for liquidation IMO.

Been out of touch for a few days, but saw this thread and thought excellent news. How stupid of me to think everything would be going smoothly...

Me too, 36 years supporting the club and all of the lies and decipt first from Casiley and his cronies and now from Guilfoyle leave me feeling like I don't give a anymore.

If only everyone else at the club was as honest as the fans maybe we wouldn't be in this mess.