Something like that, although I think it was each club had a share in the merged jobbie. Bulls accounts showed an 8.33% holding in the entity, IIRC?

Not just yours or my memories that are a bit iffy - I asked precisely that question of a very well known RL press media personality last week, and he could not remember the exact details either!

Theyll be board members but Wood is the CEO.

No offence to you guys but this stinks.

Thanks Adey

DISGRACEFUL

a kick in the teeth to every other team that has been in administration and or gone out of existence.

and also opens a big can of worms for any other team in SL that is in debt...

Plus assuming it goes through means any prospective bidders are dealing direct with SLE. Removes the suspicions we had about administrators impartiality from equation. Certainly not end game bit has to be a step forward to some sort of future.

No, what has been going on in recent weeks stinks. And, one day, truth will out.

This will allow a more measured and controlled resolution to the shameful debacle that will in future doubtless become known as Bullsgate. Either we end up with a new owner, or its a pistol to the temple sometime in the close season. One or the other, I would expect. Short-term measure to buy time for either.

Disgrace.................this just goes to show how corrupt the rfl are.

Muppet.

It was the SL clubs collectively that agreed to this.

Are you saying they are all corrupt?

From reading the statement it looks like the RFL have decided to stop the bad publicity, the long running saga and to avoid the Bulls going into liquidation, they have put an offer to take the Bulls out of administration. It looks like they will be then looking to offload the club for the 2013 season to an investor. But don't be expecting SL to be owning the Bulls next year.

How this is simpler than refusing all conditional offers is beyond me.

I've never seen you call someone a Muppet before. A day of firsts.

Wow. 4th post and already your head is exploding. Did the reported fact that the other SLE clubs voted unanimously to do this not register?

Has anyone thought about a scenario and what happens if no buyer comes in.

If bulls are in super league next year based on this news and being others club bitch then likes of fev should rightly kick off. I reckon most fair minded folk on realise that would not be right.
Remember though its not done deal yet but sle and by inference rfl have sorted it between them. Good for bulls bad for rugby league as a whole.

Think CC and BG and just been trumped. The best made plans of mice and men etc. I would guess from my experience of dealings with administrators that the ABC offer would have just about covered BG costs. BF has now been in for five weeks so his bill will be in the region of £ 100,000.00.

Yes.

Have said it several times already on this thread.