It could well be that the details of the bid are covered under a confidentiality agreement. And there could be perfectly valid commercial reasons for doing that. Or maybe those details will depend on the outcome of the meetings currently taking place.

Someone is telling fibs here. www.superleague.co.uk/article/25 ... -for-bulls www.sportinglife.com/rugby-leagu ... -for-bulls Bradford fans must wonder what the hell is going on!

Someone is telling fibs here. www.superleague.co.uk/article/25 ... -for-bulls www.sportinglife.com/rugby-leagu ... -for-bulls Bradford fans must wonder what the hell is going on!

Quote Anakin Skywalker="Anakin Skywalker"Someone is telling fibs here. www.superleague.co.uk/article/25 ... -for-bulls www.sportinglife.com/rugby-leagu ... -for-bulls Bradford fans must wonder what the hell is going on!'" Bizarre. Mind you, Guilfoyle has previous for odd things happening during an administration of a sports club.

Quote Anakin Skywalker="Anakin Skywalker"Someone is telling fibs here. www.superleague.co.uk/article/25 ... -for-bulls www.sportinglife.com/rugby-leagu ... -for-bulls Bradford fans must wonder what the hell is going on!'" Bizarre. Mind you, Guilfoyle has previous for odd things happening during an administration of a sports club.

The articles read as if Gilfoyle is acting as the conduit for all communication between ABC and the RFL. If true that's a recipe for confusion and misunderstanding, particularly as Gilfoyle has his own agenda. They need to get all three parties in a room together.

Absolutely. In fact I can't understand why that hasn't happened already. It's all well and good following the strict protocol of everything passing through the Administrator but surely pragmatism has to be applied here?

Do we invite all the other creditors too? This is an Administration process - technically getting the best deal for the creditors who have been screwed over. Those with Rugby League close to their heart are forgetting this. The strict protocol has to remain - it's what happens in Administration unfortunately.

Maybe so but, if there is only one deal on the table, then they will automatically be getting the best deal for the creditors, regardless of how good the offer may seem.

If the RFL were just another creditor then I'd agree. But it isn't. It's the governing body of the sport that the Bulls - in whatever form they might go forward - play in and it's decisions/opinions will directly impact any buy-out. In this instance it seems to me that a small amount of flexibility would help.

Just out of interest - how does the administrator get his fees? If they liquidate, how does his firm get paid? If they're bought out do the new consortium pay the fees? They're pretty steep too I'd imagine.

The administrator get's his fee before creditors receive anything from the assets of the business.

Yep, they get the first slice of the cake, then probably the bank and there is probably no need to go any further down the list.
In some cases where a company has not already drowned, the preferential creditors will be paid up and what is left in the pot is shared, by percentage, amongst the rest.
Usually though, there is nothing left to share out.

So the administrator must be collecting fees now? If Bradford are bleeding money he's not going to wait until the liquidated end when there could be nothing left. I'll have a google at it all - fascinating stuff.