The size of the debt is very relevant to the investor/s coming in.Not only does it show the failing areas,but points to the ones that require investment.Yes they may get it for a song,doesn't that allow for further investment though? Either way I think it needs a clean slate to start with.

Imagine say the debt was £1.5m. You'd need to agree to pay the lot to qualify for a mere 6pt penalty. With a 6pt penalty I reckon we'd still get in the top 4 and so qualify for some prize money, though it wouldn't wipe out the initial outlay. Plus you'd have to factor all the running costs and overheads for running the club. So call it £2.5m to pay off the debt and run the club for a year.

Might it make more financial sense to a buyer to offer say £250k for the club and take the 12pt penalty, maybe miss out on the top 4 but at least be at least be £1.25m better off

There's no real incentive financially to pay off all the debt.

And that's understandable but utterly perverse. I don't like, for example, the thought of my beloved club being instrumental in bringing hardship to small companies and suppliers.

...again.

Not just a case of buying the company and paying off the debts or not as the case may be. You currently have a squad of FT players on FT contracts. You have several hundred season ticket holders who have stumped up cash already which I am assuming has disappeared into the black hole that is BBNL in administration. There is only 200k or so to come from the RFL next season. What does the new owner do, there are a million and one things for the new owner(s) to consider before making a serious offer. In otherwords they have to have a plan not just to provide the dosh to buy the company, they also have to show the RFL their plans for moving forward in reapplying for membership at which point the RFL can decide on the final sanction. This final sanction could in effect kill or seal the deal depending on the new owners intentions. I really hope it gets sorted quickly for all the loyal fans' sakes.

But how would you feel about the club reneging on it's debt to presumably it's biggest creditor?

Would you prefer someone to come along & pay off a percentage of the debt, take a points deduction, & stay in the Championship or, start from scratch debt free in Division One (if that's even allowed)?

My personal choice, not that it counts for anything, would be to stiff the taxman and pay off as many of the small and medium enterprises as possible. They will be operating on the slimmest of margins in my instances, and as I say I really feel uncomfortable that they suffer through 'our' perpetual incompetence. I doubt that approach would be compatible with a reduced points deduction though.

Not paying the debt in full would I expect drop us into League 1. Probably would cost more than the debt over a few years. The players would still expect their contracts to be honoured!! The debt is worth paying to have a club in the championship with a full squad rather than a part time squad in league 1. But I'm just a fan and think us paying our dues is the right thing to do.

media.therfl.co.uk/docs/Insolven ... %20PDF.pdf There you go pumpy.

media.therfl.co.uk/docs/Insolven ... %20PDF.pdf There you go pumpy.

[url= www.bradfordbulls.co.uk/news/pos ... g-togetherLink to the latest info/url So at least 6 bids so far. At least someone thinks we're worth saving

[url= www.bradfordbulls.co.uk/news/pos ... g-togetherLink to the latest info/url So at least 6 bids so far. At least someone thinks we're worth saving

I'm not sure there'll be a lot of small creditors. They will have mostly been asking for up front payment.

The two main ones would seem to be Green - £650k
And HMRC - between £35k and £250k depending if the administrator and/or new owner is allowed to still challenge the VAT calculation.
And one of them can whistle for their money, at this moment in time.

I think we also have to remember that it's out of season so many, if not all, of the general 'ongoing' expenses will be on hold - except maybe the account at Staples.