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Club Coach | 4273 | Wakefield Trinity |
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Oct 2005 | 20 years | |
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| Quote SmokeyTA="SmokeyTA"Because of course in all bidding processes the seller refuses all attempts to pay more.
Especially when the original sale falls through'"
When the original sale fell through, a new bidding round was announced with a very clear deadline.
You then bid what you are prepared to pay for the business.
If it was an auction Mar, sorry Mandy, could have stuck her hand up again.
But it wasn't an auction was it?
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| Quote dboy="dboy"When the original sale fell through, a new bidding round was announced with a very clear deadline.
You then bid what you are prepared to pay for the business.
If it was an auction Mar, sorry Mandy, could have stuck her hand up again.
But it wasn't an auction was it?'"
Nobody said it was an auction, very few bidding processes allow you one bid and one bid only, even when Lamb's bid failed Koucash was not allowed to bid again. That isnt the normal process.
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Club Coach | 4273 | Wakefield Trinity |
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| You are completely wrong.
It is totally the normal process that you make your best and final bid by the deadline date.
There is no process to allow a for further bids to be made after the deadline.
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International Board Member | 8627 | Doncaster RLFC |
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Nov 2003 | 22 years | |
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| Quote SmokeyTA="SmokeyTA"Nobody said it was an auction, very few bidding processes allow you one bid and one bid only, even when Lamb's bid failed Koucash was not allowed to bid again. That isnt the normal process.'"
I presume when the Lamb bid failed, they went to the next best bidder, which makes sense rather than starting the whole process all over again.
If Mandy had the cash to bid more, she should have put a higher bid in the first place. Seemingly, she tried to get it on the cheap, and failed.
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International Chairman | 28357 | Bradford Bulls |
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| Perhaps I'm being over-simplistic but I look at it this way, any bidder must surely have had a TOTAL cash sum in mind to spend in say the first season, and it doesn't much matter how much of that you apportion to the purchase, if you increase your bid then you just decrease what's available to spend if you win.
On that basis if I were the most cash-rich prospective buyer, throwing in an extra 100K (or whatever) to make damn sure I was the top bidder would make sense. It's less than a month's wages, yet would easily ensure bid success.
Therefore if you do really have the cash, why put in a miserly bid in the range where you must know it will, at the least, be at great risk of being insufficient, if you really want to win?
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| What? You're not suggesting that Mandy Koukash's bid was a publicity stunt are you?
Next you'll be saying the doctor will make inflammatory remarks at a press event!
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| It's pretty obvious that the bidding process would have been a complicated one. I don't imagine for one minute that any of the sensible bidders would have made simple cash offers to purchase the club, particularly with the RFL holding the veto. It's likely that all would have set out commitments that the bidders were prepared to undertake in terms of the future running of the club. Equally, I'd imagine that many were of the "take it or leave it" variety with few, if any, being keen to be drawn into a further round of bidding.
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| Quote dboy="dboy"You are completely wrong.
It is totally the normal process that you make your best and final bid by the deadline date.
There is no process to allow a for further bids to be made after the deadline.'"
Yes there is, The administrators job is solely to secure the best price for the creditors, not to stick to an arbitrary process so that you can try and score points on an RL forum.
Once Lamb's bid failed they were in exactly the same position as when Moore's bid failed, before Mrs Koukash had even shown interest. You are demonstrably wrong
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| Quote SmokeyTA="SmokeyTA"Yes there is, The administrators job is solely to secure the best price for the creditors, '"
It doesn't follow automatically that he'd be able to to that with the RFL effectively holding the veto though.
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| Quote Clearwing="Clearwing"It doesn't follow automatically that he'd be able to to that with the RFL effectively holding the veto though.'"
That’s true and I don’t think its coincidence that after Lamb things moved very quickly in favour of one of the creditors.
Im just saying it isn’t a set process the administrator is bound to where you bid once and that’s it, especially when the preferred bidder dropped out. We know this is definitely the case because the opposite happened.
There is nothing wrong with Mrs Koukash asking to up her bid, the administrator is in his rights to not allow it.
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Club Coach | 4273 | Wakefield Trinity |
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| Quote SmokeyTA="SmokeyTA"You are demonstrably wrong'"
Given that what I said happened, actually happened, I am, without a shadow of a doubt, demonstrably correct!
It was a bid process with a clearly stated "bid by" date, not an auction, where defeated bidders could "up" their offers.
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International Board Member | 1642 | No Team Selected |
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| Quote Magic Superbeetle="Magic Superbeetle"There hasn't been much (or any) back channel info coming out (look at the bullmania thread) - so anyone telling koukash he was unsuccessful would of been involved in the bid - whether rfl side or administrator side. The only other option was he decided to rule himself out based on hearsay ... So I will add a third option of him being a sucker for rumours if that's any better? Personally in that situation, I wouldn't post anything as definitive as what he did without it coming from somewhere I trust to be the correct information - and now he's gone back on that, so either he shouldn't of posted it because he hadn't been told, he posted it for his own gain, or he's a sucker for listening to rumours.
He's more than fine to canvas support for his bid (look at the resulting Mandy for bulls petition after all) but one and the other don't add up ... Unless he trusted someone telling him he was out of it when he shouldn't of listened
If he hasn't been told by anyone his bid was unsuccessful (other than hearsay, because there wasn't anything in the papers until they tweeted it) then that's poor form by the administrator ... But it's not anything to do with the rfl, they didn't even make it to rfl preferred bidder stage...'"
It sounds that, broadly speaking, we agree. Someone involved in dealing with the bids has told Marwan - [iunofficially[/i - that the bid wasn't successful, but he's not heard anything officially. If this is true - and we only have Marwan's word for it, but I note that, thus far, neither of the other parties has denied it - then that is massively unprofessional. I've been involved - albeit at a fairly peripheral level - with bid processes in the past, and you [iexpect[/i to be kept informed of the progress of your bid: whether you're long-listed, short-listed, top two, failure, success, whatever. If this hasn't happened in this case, then he's right to draw attention to it. These are multi-million pound deals. It's not like you bidding for a Jedward CD on EBay.
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