Quote: Slugger McBatt "Selling players is a way of clearing liabilities, which is something our administrator did to enable a buyer to be found and have more money for creditors, I assume (don't creditors get a certain pence in the pound?). If the Bulls administrator can sell the business without getting rid of players, fair play to him. Nothing to do with the RFL, who have simply advanced money the Bulls were due, money the new owners will now not get.
The thing to watch, and only thing to watch, is what happens to Odsal. If the RFL give it to the new owners, or sell it at a substantial loss, there is clearly favouritism, as then they have simply given the Bulls a huge wedge of cash. All ABC are doing are firming up what they said last week. It doesn't mean the RFL concerns have changed.
I have no problems with the Bulls being allowed to continue in Super League. We were, right up to the franchise decision, and the same has to apply to the Bulls. If they go bust, which they haven't, different things might apply. The RFL have done nothing different during the administration that they did to us;, i.e., they let the administrator get on with it.'"
This is what I was pointing out last week - the ABC consortium, or whatever they're called, were willing to invest £1M to save the Bulls - bearing in mind that the lease was bought for £1.25M can't see how they can be considered as realistic buyers as that leaves them £1/4 M short before even considering wages and ongoing costs etc.
Any agreement to give them the lease back for less than the RFL paid for it will be an absolute disgrace.