The latest I've heard is that the new owner would satisfy the creditors by something called a debt to share equity scheme whereby the biggest creditors would dissolve their debt for shares in the club to stop it from officially being liquidated. Genuinely interested to know who this new mystery owner is.

Which would surely mean Marc Green would end up as a large shareholder. If true, this doesn't fill me with confidence.

Oh im so confused. Well Leon usually rubbishes these things on social media if theyre not true so lets wait and see.

Even for a Bradford fan going through administration 3 times, this is bloody bonkers.

Im with Demon, they may be a meeting with a potential owner but maybe some miscommunication somewhere a long the line

Although I dare say all the players could safely hide behind Fat Nige

Someone was attempting to get confirmation of liquidation to satisfy their credit card for their season ticket purchase.

Was posted on the FB group, looked like a pretty standard text that would be sent to everyone.

Just confirmed that the club has not been liquidated yet, and a liquidator would shortly be appointed so that the documents can be sent to Court.

Who are the largest creditors and would they accept shares instead of debt? I'm struggling to understand how this will all work in a legal sense.

However you look at it, they've waited until liquidation was started, so we can only assume they don't intend on spending any more than absolutely necessary.

Was cap and quota following Crusaders' demise so would expect it be the same this time.

No way would HMRC go down this route. Never in a million years.

The Sun or RLE?

If this is the case then i would be so disheartened. Satan himself as a large shareholder....

Green and HMRC are largest creditors aren't they? Not sure where all this stands legally, especially with the RFL apparently dealing with potential owners of a new club. Has the administrator done something without their approval? If so it won't get far as the RFL are the kingmakers whether in administration or post liquidation.

Difficult to know what's going on without further information.

So Green would become a share holder alongside others (possibly this new person if its to be believed) and hold a large shareholding - but not the majority shareholding.

That'll go down well!

If Green ends up involved then I'm done with it all