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So , lets have some , ' what happens next ? '

I see the bulls dropping out of SL at the end of the season , being replaced by Toulouse with a 5 year licence

The Bulls drop down to the Championship [ not C1 ] remain at Odsal on a reduced rental agreement and end up winning next years NRC putting them in a position to re apply for SL in 2014 , when they are granted their new licence SLE sell to a new owner

Ta dah , as if by magic

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This super league lark gets funnier and funnier

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Where's the money coming from?

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Quote: Derwent "Well, I suppose it would stop the creditors asking for the sale of the Odsal lease to be investigated and revoked I suppose. After all, it is an offence for a company to transfer assets to a 3rd party to put them out of reach of creditors when administration is pending. Administrators have powers granted by the courts to recover such assets on behalf of the creditors if they suspect foul play. I'm sure Big Nige wouldn't have colluded in such a nefarious action though, so that's ok then.......'"


Not to mention entering into a contract they knew they couldn't honour. How long was that Whitehead deal, signed in March?

Looks the RFL have persuaded SL chairmen to grant a stay of execution, thus avoiding the inevitable autopsy and all the embarassing truths it would reveal for several parties, themselves included.

The credibility of RL is at rock bottom - true story.

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"This situation is clearly unacceptable and raises the tangible prospect that we could lose one of our most famous clubs, which would be a tragedy of significant proportions, not just to the sport and the city of Bradford but to the remaining staff, players and volunteers who all deserve some stability after the turmoil of recent events."

What a load of . It wouldn't be anywhere near as bad as he is making out. In fact the only thing that would cause any issues is what to do with the license the Bulls had.

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Quote: JB Down Under "Where's the money coming from?'"


Simple , you have an organisation full of essentially bancrupt businesses buying another bancrupt business , it has a kind of ' Nirvana ' about it icon_lol.gif

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Quote: Bullseye "
It's a temporary stay of execution.'"



Can you really imagine them having the stomach to 'execute' you? Not a snowflake's. If a suitable buyer isn't found very quickly, Bradford will (I'm almost certain) go down to the Championship (though a 13 team SL will look a bit odd), but that isn't the same as being killed off. There will continue to be a Bradford club - and that is a good thing.

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like someone said a few pages back.....if this is just a stop gap,to get the club out of administration,and give the RFL full control over who to sell the club onto without being rushed by a deadline....then im fine with it..


but theres absolutely NO WAY the RFL/SLE should own the club long term....it's not right..


and another thing........the next time a lower league club gets a winding up order for owing £20/40/80k,which seems to happen most years, the RFL better get it's wallet out

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London are faltering with tiny crowds (even worse than usual) and a full salary cap.

I look forward to being bought out by the league a014.gif

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Quote: Mild Rover "Can you really imagine them having the stomach to 'execute' you? Not a snowflake's. If a suitable buyer isn't found very quickly, Bradford will (I'm almost certain) go down to the Championship (though a 13 team SL will look a bit odd), but that isn't the same as being killed off. There will continue to be a Bradford club - and that is a good thing.'"


I hope you're right pal. If anything the past few months have told me to not count my chickens.

If we do go into the championship we'd still need to a backer. Would SLE fund a club in the championship? I can't see championship clubs wearing that.

We need a bidder to come in before Nov 30th apparently.

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If you have a look on a certain video site, with a title of "SLTV: Future of Bradford Bulls secured?" and watch that video (Hope that doesn't break any forum rules?).

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I dont like this. If another club faces liquadation will SLE step in to save the day?

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Quote: Bullseye "I hope you're right pal. If anything the past few months have told me to not count my chickens.

If we do go into the championship we'd still need to a backer. Would SLE fund a club in the championship? I can't see championship clubs wearing that.

We need a bidder to come in before Nov 30th apparently.'"


I think you're right.
This arrangement can only be short term and will be burning a very large hole in RFL funds.
Will the volunteers at Bradford who have been working for nowt really want to continue, they already deserved a medal for their efforts but does this situation change anything.
It all seems somewhat sureal.

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Quote: Bullseye "I hope you're right pal. If anything the past few months have told me to not count my chickens.

If we do go into the championship we'd still need to a backer. Would SLE fund a club in the championship? I can't see championship clubs wearing that.

We need a bidder to come in before Nov 30th apparently.'"


Yes

Why not , what could they do about it ?

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Quote: liger05 "I dont like this. If another club faces liquadation will SLE step in to save the day?'"


It probably depends who it is and where their postcode is !

583 posts in 40 pages 
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