That does seem to be true. It had to be done once when they took over as the board but prior to ownership being sorted out but I can't find anything since.

It was a provision of the administrator not RFL.

I think this started because you were saying that it may not have got this far if the RFL had done the fpp test earliest, this isn't true tho the RFL allowed it to get this far and passed these people that they apparently have no confidence in.

So did the consortium have any real financial clout?

True, I admit I got mixed up between fpp test and ratification of the deal - I apologise for any inconvenience.

So what we're saying is the rfl confirmed the people involved without knowing their plan on how they will buy the company (which would presumably only be known after they made an offer to the administrators) - because being investors, and buying outright are very different things.

Had we got to the stage of ratification of the deal, I wonder how it would of gone ...

But the point remains, can't blame the rfl for ratifying this none existent deal, cos they didn't

Depends, don't suppose well ever find out now. They were planning on buying the company using the clubs money (like glazers did at man utd) - so none of their money would of (initially) been involved - maybe a Bradford fan can say whether they actually put any money in?

Surely it’s one thing being a fit & proper person and entirely another providing proof of funds.

Maybe the administrator was happy, maybe he didn’t care that much as long as he got his fee, however, it’s blatantly obvious the RFL weren’t happy with the Newco’s financial projections.

Thats all well and good when the club is worth a billion pounds, not so good when its worth 50p

Who can say if it would of worked? Given (from what I've read) they weren't willing to honour the debts the club had to ok - maybe it would of left the club with less debt than before they began - it might of burdened them beyond salvation, will be one of life's many unanswered questions (unless this is lambs plan too ... Which you have to worry about, because this was the preferred option to whatever mr lamb said!)

It's worse than that if you believe the RFL, they allowed a club to start the season without any confidence they could complete it, and, on acceptance of the points deduction were happy for them to continue.

Let's not forget it isn't the RFL who have stopped these people buying bradford

They say that, but haven't actually done anything to address that situation

... " =#4000FFbut despite having no evidence of funding and no confidence in your business plan, we will happily let you carry on in SL, take 6 point pen and crack on".

That appears to summarise the RFL position.

do the rfl have the power to throw a club out of sle ltd?

Quote ="j.c"do the rfl have the power to throw a club out of sle ltd?'" Quote ="somebody at the rfl wrote" The RFL’s independent Board of Directors reserves the right to revoke any licence awarded for the period 2012 to 2014 if it feels a club is failing, or not fulfilling, its obligations to help the competition meet the objectives of investment and growth,” '" www.therfl.co.uk/licensing

Quote ="j.c"do the rfl have the power to throw a club out of sle ltd?'" Quote ="somebody at the rfl wrote" The RFL’s independent Board of Directors reserves the right to revoke any licence awarded for the period 2012 to 2014 if it feels a club is failing, or not fulfilling, its obligations to help the competition meet the objectives of investment and growth,” '" www.therfl.co.uk/licensing

Still blaming anyone other than those responsible I see........

No problem, investors should be queuing up with the prospect of a season full of meaningful matches and an exciting relegation dogfight to look forward to.

No one "invests" in Rugby League. They're called benefactors and they pump money in for entirely different reasons than for ROI. They are no less likely to "invest" in an RL club than they were two years ago when this shining example set by Bradford began. If anything is going to put them off "investing" it's the idiotic actions of club owners during the licence period. This has tarnished the game more than any new format change.

Feel sorry for the fans but I think the RFL gave got this right, as they said why should they be allowed to keep all the players and have no points deduction imagine if say one of the top club s had a bad season and were relegated and Bradford had survived due to no point s deduction.
Yes the RFL were left with no chioce this time
Besides it gives their favourites a better chance of avoiding the drop !!!!! Lol

And had the RFL made that statement public at the time you would have been first in the queue crying foul, that this was being unhelpful to the consortium trying to rebuild the club!

How is extending and improving Luke Gales contract two weeks ago cutting cloth ?

Hk

I thought the RFL were willing to give the 500k but not so the new owners could then use it to buy the club out of admin


How could the RFL give 500k to the new owners so they could buy the club but then not pay off the HMRC. How would that look. National sport governing body helps company avoid tax bill by subsidising company in administration.

IT is detailed in the RFL statement if you care to look.

Fair point, why not wait til the ownership was confirmed. Its as if sometimes the management of bradford live in a bubble from their own reality

Paul Caddick says you are talking absolute nonsense, below even your usual level of small-minded idiocy. He is very happy with the huge peice of land he owns in a fairly expensive area of Leeds, and the hundreds of thousands he makes most years off it.

So does Ian Lenegan and Simon Moran, they are pretty happy with their investment and how it generally makes them money rather than costs them,

The question is why they would be helping such a consortium buy the club. It is entirely aboutface. Before anything moved forward the RFL should have had these concerns addressed, we shouldnt have got to two weeks in to the season and the RFL basically saying to a consortium that pulled out because of a points deduction "yeah, well we thought you were rubbish and were going to crash and burn anyway so there".

Its important to remember that the new owners havent been prevented from buying the club and were very prepared, even despite the concerns and criticisms in that statement, to allow the club to continue, under that management.

This statement has only come out after the bradford Board removed their bid, the RFL took no action to stop them owning the Bulls, or operating them in SL even though they had no confidence in their ability or that they had the necessary capital to survive.

Don't bring Leeds into this. As you've been told you before, Leeds should be a leading light of the world, not just the UK game. With all the money they've made and with all their success (not to mention Leeds United being in the doldrums for so long) they should by now have got Headingley up to 30,000 capacity and be filling it - to the benefit of the game as a whole as well as themselves. Being content to jog along with well under 20k crowds and the distraction of running their RU club as well has been a let down to the game of RL here.

You'll also note that everything I've said on this Bulls issue has turned out to be correct to the same extent that your ramblings have proved to be uninteligible claptrap.

Best of luck to Mr Lamb. If he gets the Bradford Bulls club, I'm pretty confident he'll be a good Club and business leader.