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| Quote vbfg="vbfg"An agreement to forego an otherwise guaranteed income is effectively the same as a higher purchase price irrespective of where that money ends up you great witless dandy.'"
May I firstly say that is one the more impressive insults hurled in my direction, I hope you won't object if I keep it in mind for future use myself.
I'm afraid however, I beg to differ. Firstly the RFL are apparently due to make an impartial decision on the acceptance or otherwise Bradford's bid to continue in SL, to have a financial interest in their continuation could be seen as compromising any impartiality, could it not?
Secondly, we have just spent months dragging out this process largely because of an insistence that conditional offers were unacceptable. Unless the central distributions that are to be forgone are solely those due to a non SL club what we have is a conditional offer, is it not?
Finally, the discussion, if not the part of the post I quoted, taken in its full context appeared to me to be about more than simply the cost to OK Bulls of acquiring the club. It was also about the value to creditors with particular reference to the cost of the administration versus the purchase price. In that context I would suggest that where the money ends up is relevant. I would also suggest, as a slight aside, any scheme by which the RFL or indeed any other creditor positioned themselves as a de facto preferential creditor is morally dubious.
On the narrow point that the cost OK Bulls is the same either way, I agree.
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Moderator | 36786 | Hull FC |
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| Quote Wembley '83="Wembley '83"I'm afraid however, I beg to differ. Firstly the RFL are apparently due to make an impartial decision on the acceptance or otherwise Bradford's bid to continue in SL, to have a financial interest in their continuation could be seen as compromising any impartiality, could it not? '"
Which financial interest might that be?
Quote Wembley '83="Wembley '83"Secondly, we have just spent months dragging out this process largely because of an insistence that conditional offers were unacceptable. Unless the central distributions that are to be forgone are solely those due to a non SL club what we have is a conditional offer, is it not?'"
Not if the discussion is what financial distributions will be foregone [iif[/i the Bulls stay in SL.
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International Chairman | 28357 | Bradford Bulls |
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Feb 2002 | 23 years | |
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| Quote Starbug="Starbug"No , if you had paid a higher purchase price , then other creditors than the RFL would have recieved a share '"
You actually took the time to point out that if a buyer pays more money to a seller, then the seller has got more money than if less was paid? In that respect you are clearly right, but it's not earth-shattering insight.
Exactly how much has the administrator paid the RFL and when?
Quote Starbug="Starbug"The RFL will deduct your money wether you agree to ' forego ' it or not '"
Clearly (well, except perhaps to muppets) I wasn't talking about advances made this season, since you can hardly "forego" something which isn't yours to forego, now can you?
Quote Starbug="Starbug"A Lawyer eh ?'"
I'm a mere aardvark, but clearly one with a better grasp of English than you. Is English your first language?
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| Quote Ferocious Aardvark="Ferocious Aardvark"You actually took the time to point out that if a buyer pays more money to a seller, then the seller has got more money than if less was paid? In that respect you are clearly right, but it's not earth-shattering insight.
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Not neccesarily in this instant , the buyer [ Mr Khan pays the seller [ Administrator 150 K , the seller keeps all the money
If the buyer [ Mr Khan pays the seller [ Administrator 300 K , the seller only keeps 170 K , the other 130 K goes to the unfortunate creditors
In the current situation one of the creditors [ RFL have managed to assume almost a ' prefferential creditors ' situation
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| Quote Kosh="Kosh"=#FF0000Which financial interest might that be?
Not if the discussion is what financial distributions will be foregone [iif[/i the Bulls stay in SL.'"
The repayment of ' advanced ' monies , not to mention the likelyhood of recieving a ' reasonable market rental ' for Odsal
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| Quote Ferocious Aardvark="Ferocious Aardvark"
Exactly how much has the administrator paid the RFL and when?
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I havent suggested they have done so ?
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| Quote Ferocious Aardvark="Ferocious Aardvark"
I'm a mere aardvark, but clearly one with a better grasp of English than you. Is English your first language?'"
No , Leyth is my 1 st language , I would suggest Bulls**t is yours  , You being a lawyer
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| Quote Kosh="Kosh"Which financial interest might that be?
Not if the discussion is what financial distributions will be foregone [iif[/i the Bulls stay in SL.'"
Does your 2nd point not answer the 1st? If the financial distribution to a Bradford club expelled from SL is less than to one that is retained does it not follow that the return to the RFL will be less and/or slower if they do not retain the licence?
On the 2nd point in isolation the conditional nature of the offer becomes the price.
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| Quote Starbug="Starbug"
Not neccesarily in this instant , the buyer [ Mr Khan pays the seller [ Administrator 150 K , the seller keeps all the money
If the buyer [ Mr Khan pays the seller [ Administrator 300 K , the seller only keeps 170 K , the other 130 K goes to the unfortunate creditors '"
Again, you don't need to give an example to demonstrate that if more money is paid to the administrator, then the administrator has more money. I think most people could work that out. But if it helps you to understand it to write this point down, then fair enough I suppose.
Quote Starbug="Starbug"In the current situation one of the creditors [ RFL have managed to assume almost a ' prefferential creditors ' situation '"
Wow. That is an extremely serious insinuation. I hope you can back it up if their lawyers come calling. Personally I think it is utter bull but you're entitled to your views, even if they risk being very expensive ones.
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| In the current situation one of the creditors [ RFL have managed to assume almost a ' prefferential creditors ' situation'"
Wow. That is an extremely serious insinuation. I hope you can back it up if their lawyers come calling. Personally I think it is utter bull but you're entitled to your views, even if they risk being very expensive ones.'"
I think the word [u[iALMOST[/i[/u and the use of speech marks to indicate a degree of irony would be adequate defence

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| Quote Toadstool="Toadstool":w1g1pwh7In the current situation one of the creditors [ RFL have managed to assume almost a ' prefferential creditors ' situation'" :w1g1pwh7
Wow. That is an extremely serious insinuation. I hope you can back it up if their lawyers come calling. Personally I think it is utter bull but you're entitled to your views, even if they risk being very expensive ones.'"
I think the word [u:w1g1pwh7[i:w1g1pwh7ALMOST[/i:w1g1pwh7[/u:w1g1pwh7 and the use of speech marks to indicate a degree of irony would be adequate defence


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