This

Why would RFL have a tax liability if they sell it back at the price they bought it??

because bulls had a tax liability on money received and the rfl would have the same liability..tax man wins twice!

Sorry I've had a glass of red or 3, but if I as a company purchased an asset and then sold it at the same price, I haven't made a profit so no tax liability

It's the VAT (unpaid) that is being eluded to as the "Tax Liability"
When the Bulls sold the lease they were liable of a VAT Payment to HMRC of circa £250k, which along with around a further £150k of unpaid PAYE is why HMRC issued the winding up order, these figures still remain unpaid and should the RFL sell the lease back to NewCo for around the same figure than they will be liable for a VAT sum of £250k (that's £500k in total then liable for the sale of the lease), so why should the RFL stump this figure up for the lease of this "Iconic Staium" ?

It gets more bizzare by the day...
rlhttps://www.sportinglife.com/rugby-league/news/article/480/7920178/fresh-uncertainty-for-bulls?rl

On Thursday Mr Guilfoyle stated that he had received a formal offer for the club and would be putting it to the RFL; on Friday, the RFL state that they have received no such offer.

Got to feel for Bradford fans in all of this - it's potical.

Is there an actual end date to all this that the Bulls cannot go past without either being bought or going bust?
Initially it was 10 days, now that's extended, when has all this really got to come to a conclusion?

27th July was the last date mentioned after the last extension before the extension of the extension before the extension clear as mud

2015 i heard.

This goes on until the Bulls get a buyer simple as that, if there was any other possible outcome this would have been wrapped up a long time ago.

Someones going to have to pay for the running of the club in the meantime, any ideas who'll do that.

This is my thought too, they had to beg the money for this months wages.
Assuming they're isn't enough in the pot next month, do they end on pay day? If not is there a finite amount of time the administrator can administrate before he legally has to liquidate/terminate?

I reckon as long as the administrator dreams up a potential deal, fact or fictitious the RFL will continue donating funds. The Bulls fans wonder why we are are moaning about double standards hmmmmmm.

Its a fact he's the only winner in this, is moneys already sorted and he'll just keep adding to the bill untill it looks shaky then he'll be gone.

If it carries on the RFL could well be funding the administrator.