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Moderator | 36786 | Hull FC |
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| Quote Ferocious Aardvark="Ferocious Aardvark"But the point which you miss, maybe because it's too obvious, is that if the RFL say yes or if the RFL say no, then there is no need for a "conditional" bid. The RFL will have to take the decisions sooner or later, they have had talks with ABC, they must be presumed to know who they are and what they want, and they now have details of the bid.
Therefore if they say yes, or no, to each issue, then the bidders have a decision.
It is only "conditional" if the RFL say, rather weirdly, "Well actually no, we are not telling, you have to buy the club off the administrator first. Once you own it, come back, and [ithen[/i we'll tell you.'"
I didn't suggest that the RFL stance was logical, but they [ihave[/i publicly stated that they will not entertain conditional bids and this bid is conditional on two fairly major points.
Quote Ferocious Aardvark="Ferocious Aardvark"I presume you can understand why a buyer isn't going to complete without knowing what it is they are actually buying?'"
They're buying an RL club. Everything else is, well, conditional.
Quote Ferocious Aardvark="Ferocious Aardvark"But that's your principle. I entirely disagree, and it is not in fact a principle at all, but just your view. It also doesn't correspond with the current reality. It is up to the RFL Board, and that's the reality. Maybe you should lobby the RFL to change the procedures for future cases. It won't affect this case. And clearly they are not "asking for a new licence". If you wanted to sum it up in a pithy phrase, then they would be asking to "take over the existing licence".
And as SmokeyTA has summarised, there is no sane comparison with the Wakey situation, which you must realise.'"
I realise that you love to hang arguments on literal interpretations of commonly used phrases, but I used 'in principle' to indicate a theoretical possibility and not the actuality. If I had thought or wanted to infer the latter I would have made a simple statement. Neither am I interested in lobbying the RFL to change a system that we have yet to see the outcome of. You appear to be under the impression that I am somehow arguing against the Bulls remaining in SL, when in fact I am merely exploring some of the possible options.
There is a comparison with the Wakey situation, albeit a distant one. Again, I didn't suggest it was an exact comparison.
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Club Coach | 3829 | Cronulla Sharks |
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| Quote SmokeyTA="SmokeyTA"Because they aren’t the same situation. They are massively different.
Wakefield were sking the RFL to prejudge the entire franchising process, they were asking to be judged one of the 14 best clubs without the RFL actually judging any clubs at all.
Bradford are asking whether administration means they are going to be relegated or whether they can stay in SL. That is a decision that needs to be made, and to be fair to everybody, Bradford, the possible promoted clubs, the rest of SL, it needs to be made as soon as possible.
It doesn’t make sense for us to be saying, give us your money and then we will tell you which league you are in.'"
You’ve already explained that once  .
How much do you think the RFL should sell the lease for Smokey, only asking like.
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| Quote The Devil's Advocate="The Devil's Advocate"You’ve already explained that once
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How much do you think the RFL should sell the lease for Smokey, only asking like.'"
WHatever they bought if for, with a condition of sale that it cannot be sold on without the RFL's say so an it cannot be sold on without the Bulls having a secured alternative.
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Moderator | 36786 | Hull FC |
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| Quote SmokeyTA="SmokeyTA"Its nothing to do with the franchise procedure, they aren’t asking for a guaranteed franchise in 2 years time, just to complete this one and be able to apply, like everybody else, for the next one.'"
If they're asking if they can continue with an existing franchise then it involves the franchise system. The clue is in the use of the word 'franchise'.
Quote SmokeyTA="SmokeyTA"Except they aren’t, they are asking to complete this one. They are asking are we buying an SL club or are we buying a championship club which is just finishing the season. I see no benefit to the RFL saying buy it first, then we will let you know.'"
They are asking if they can take over a licence awarded to someone else, based on someone else's business plan. And they are buying an RL club, not an SL club or Championship club.
Quote SmokeyTA="SmokeyTA"If the RFL want to see the business plans, finances, assets etc beforehand then fine.'"
Indeed. Maybe those details are even included in the bid. Surely any reasonably competent purchaser would do so before making those demands?
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Player Coach | 2228 | Wakefield Trinity |
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| Quote SmokeyTA="SmokeyTA"Why cant the RFL guarantee a place in SL for Bradford?
This Steve Parking/Wakefield thing is a nonsense red herring which just seems to be an extension of the Wakefield ‘people like Bradford more’ victim mentality which has been evident since Bradfords problems became apparent.
The situation with Wakefield was completely, and obviously, different. Wakefield were asking for a new license, they wanted the RFL to pre-judge the entire procedure to guarantee them a place in the top league, Bradford are looking to continue with their existing licence, nobody else is affected.
The fact is the RFL need to decide whether Bradford are going to be in next season and the season after anyway, they have to decide whether this takeover means the RFL want to keep Bradford in or kick them out before they make any other decision. Just make that decision, we aren’t waiting for a license judgement, there isn’t a date where all the clubs are judged and need to submit applications and that decision is to be released, we aren’t working to any time table. They RFL have to make a decision one way or the other, make it.
If Bradford are staying in, tell them, if they are being kicked out, tell them. What on earth are we gaining spending the whole offseason with this uncertainty? It has no benefit for the RFL, Bradford, or whoever replaces them. Why add to the uncertainty, why make them take that risk? It doesn’t do anyone any good.
The RFL should look at the new owners offer, look at what they are doing, planning, their backing, look at everything, and make a decision, either say fine, you are in and help the takeover go through, or say no, its not good enough, any club outside [i[uSL have until September the 31st [/u[/ito submit a bid for a 2 year licence, and the best in our opinion will get in.'"
Not on my calendar they don't
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| Quote Kosh="Kosh"If they're asking if they can continue with an existing franchise then it involves the franchise system. The clue is in the use of the word 'franchise'.'"
The way the franchises are handed out, and the way they then go on to operate once handed out are too distinct things.
If a club can be bought and sold outside of administration, with the franchise an asset which is able to be transferred, there is no reason to assume that should a club be in administration and its assets bought, that the franchise wouldn’t be an asset which is able to be transferred.
Are you suggesting that any takeover or investment results in the club being forced to bid again for the franchise as it would involve a change in assets, business plan and finances?
Quote KoshThey are asking if they can take over a licence awarded to someone else, based on someone else's business plan. And they are buying an RL club, not an SL club or Championship club.'" No they are asking whether, when they purchase the Bradford Bulls, the franchise awarded to the Bradford Bulls will be transferred or withdrawn. It is nonsense to suggest they are buying an RL club and not an SL or Championship club. Bradford Bulls don’t exist outside of the games they play and the competitions they play in.
Quote KoshIndeed. Maybe those details are even included in the bid. Surely any reasonably competent purchaser would do so before making those demands?'" what bid? Are we in a bidding process for something? Whats the pre-qualifying criteria? Who is bidding? Who is judging? When? What are they judging on? When are they deciding?
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Moderator | 12672 | Hull KR |
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| I actually agree with Smokey. The RFL need to state their intentions - nobody is going to buy the Bulls with this uncertainty over what they are buying. I'd rather wait and start a new club in the championship, than risk being dumped there with next to nothing to show for the initial investment needed to save the company. If it is a buy-out acceptable to creditors the franchise to 2014 should be retained, IMO. Transferring it to a newco would be different, but the problem is losses to come more than existing debt according to some in which case that maybe wouldn't be a likely scenario.
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| Quote SmokeyTA="SmokeyTA"The way the franchises are handed out, and the way they then go on to operate once handed out are too distinct things.'"
It's all one system.
Quote SmokeyTA="SmokeyTA"If a club can be bought and sold outside of administration, with the franchise an asset which is able to be transferred, there is no reason to assume that should a club be in administration and its assets bought, that the franchise wouldn’t be an asset which is able to be transferred.'"
Most licencing/franchise systems incorporate a mechanism whereby a franchise transfer has to be approved by the licencing body/organisation and may well be reviewed or removed. I'd be surprised if something similar wasn't included in RL franchises.
Quote SmokeyTA="SmokeyTA"Are you suggesting that any takeover or investment results in the club being forced to bid again for the franchise as it would involve a change in assets, business plan and finances?'"
No, because I'm not suggesting that a new bid is entered.
Quote SmokeyTA="SmokeyTA"No they are asking whether, when they purchase the Bradford Bulls, the franchise awarded to the Bradford Bulls will be transferred or withdrawn. It is nonsense to suggest they are buying an RL club and not an SL or Championship club. Bradford Bulls don’t exist outside of the games they play and the competitions they play in.'"
Unless you believe that there's a chance of them not being allowed to play in any competitions at all then this is hair splitting.
Quote SmokeyTA="SmokeyTA"what bid? Are we in a bidding process for something? Whats the pre-qualifying criteria? Who is bidding? Who is judging? When? What are they judging on? When are they deciding?'"
Now you just look daft. I suggest a visit to an online dictionary, although given your previous I'm sure you'll attempt to wriggle out of your pretty basic error with the language.
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Player Coach | 4035 | Bradford Bulls |
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| Quote Mild Rover="Mild Rover"I actually agree with Smokey. The RFL need to state their intentions - nobody is going to buy the Bulls with this uncertainty over what they are buying. I'd rather wait and start a new club in the championship, than risk being dumped there with next to nothing to show for the initial investment needed to save the company. If it is a buy-out acceptable to creditors the franchise to 2014 should be retained, IMO. Transferring it to a newco would be different, but the problem is losses to come more than existing debt according to some in which case that maybe wouldn't be a likely scenario.'"
I think that's spot on, this was in the local press eariler this week;
[i"The prospective purchasers are looking at losses for the next 18 months with their own accountants and advisers in and they want to make sure they have enough money to cover the losses,” he said.
“ Buying the club is not an issue, they need to be sure they can stabilise and take the club forward.
“They have met with RFL to hear the process of how the rights are transferred to Super League and they want Odsal back from RFL."[/i
[url=http://www.thetelegraphandargus.co.uk/sport/sportbulls/9809215.New_deadline_set_as_curry_boss_in_bid_to_rescue_Bradford_Bulls/rescue bid[/url
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Moderator | 36786 | Hull FC |
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| Quote Mild Rover="Mild Rover"I actually agree with Smokey. The RFL need to state their intentions - nobody is going to buy the Bulls with this uncertainty over what they are buying. I'd rather wait and start a new club in the championship, than risk being dumped there with next to nothing to show for the initial investment needed to save the company. If it is a buy-out acceptable to creditors the franchise to 2014 should be retained, IMO. Transferring it to a newco would be different, but the problem is losses to come more than existing debt according to some in which case that maybe wouldn't be a likely scenario.'"
There are two problems with this:
1. The RFL's decision should properly be influenced by the business plan of the potential purchaser. Unless they are willing to supply this information up front then the RFL run the risk of allowing the Bulls to continue only for us to be revisiting the whole issue in a few months time. See Crusaders for details.
2. Now they have been delivered an effective ultimatum they will [iappear[/i weak if they just say yes.
For the avoidance of doubt, I am not suggesting that this bid should be rejected out of hand. I am suggesting that some due process, scrutiny, and possibly compromise is in order before a decision is made.
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| Quote Kosh="Kosh"It's all one system.'" Yes, everything, if we expand the definition wide enough is all part of one big interconnected system, that doesnt however make one thing relevent or important to another. Nor does it make the way the franchises are handed out the same as they way they operate once they have been handed out.
Quote KoshMost licencing/franchise systems incorporate a mechanism whereby a franchise transfer has to be approved by the licencing body/organisation and may well be reviewed or removed. I'd be surprised if something similar wasn't included in RL franchises.'" Which is what the people looking to get from the RFL prior to purchasing the club.
Quote KoshNo, because I'm not suggesting that a new bid is entered.'" So when do you suggest the RFL make this decision, and how?
Quote KoshUnless you believe that there's a chance of them not being allowed to play in any competitions at all then this is hair splitting.'" I think there is a very real possibility that if the RFL say the Bulls will be relegated, or just fail to give any answer to the very important and pertinent question of whether the club has an SL licence the current bidders will drop out and the club will be liquidated and cease to exist. It isnt splitting hairs to suggest the bidders are bidding for an SL club and have no interest in a championship club.
Quote KoshNow you just look daft. I suggest a visit to an online dictionary, although given your previous I'm sure you'll attempt to wriggle out of your pretty basic error with the language.'" Im still not sure what you mean, if not a bid for a franchise as i assumed (which isnt happening btw) then your statement doesnt address mine at all and in that context doesnt make any sense.
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| Quote Kosh="Kosh"There are two problems with this:
1. The RFL's decision should properly be influenced by the business plan of the potential purchaser. Unless they are willing to supply this information up front then the RFL run the risk of allowing the Bulls to continue only for us to be revisiting the whole issue in a few months time. See Crusaders for details.
2. Now they have been delivered an effective ultimatum they will [iappear[/i weak if they just say yes.
For the avoidance of doubt, I am not suggesting that this bid should be rejected out of hand. I am suggesting that some due process, scrutiny, and possibly compromise is in order before a decision is made.'"
Against point 1, I'd say it is a chance against no chance. A sensible caveat could be included - they could say that Bradford wouldn't be demoted [ifor going into admin[/i, so long as the new owners offer the types of guarantee the boards of other loss making clubs made to get a licence.
On 2, I agree. It seems to have been badly framed. 'We would like to make an offer, we just need to know the extent of any sanction the club faces for going into admin', would have achieved the same, while looking more like a query. If they can cut through the Gordian knot of the lease ownership that'll put any apparent weakness over this in the shade, I reckon.
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