I understand the technicalities of it and I know what is *meant* to happen - the point I'm trying to make is that Mr Caisley is a slippery customer and I can't see him being powerless in all this.

Now - watch Bradford go into admin tomorrow and their players disperse all over SL in a puff of smoke - if you're going to be proved wrong, may aswell go the whole hog!

I'm with you on this





Errrrm not necessarily, an administrator can be appointed without petitioning the court by the holder of a floating charge or by the company or by its directors. Other creditors must petition the court to appoint an administrator


I think out of those options Mr Caisley has quite a bit of influence over all except the creditors option, which costs the creditors to instigate, only a "Large" creditor is likely to do that and I am making the presumption that the largest Bulls creditor will be HMRC, but if a deal is made in a "Pre-pack" (which is what I have thought has been happening since the start) then HMRC will stand back

Not as simple as that I'm afraid, there are good reasons to do it and good reasons not to.

Well if Bradford do have to sell players i'd like us to sign elima and sykes permanently given what we got for players last year £10,000 should do it



on a more serious note i hope we could complete some signings for next season in the coming weeks as our friends darn lane have done this morning

Technically you may be correct, however I was under the impression that any deal would be subject to creditor approval? If the creditors could achieve 50p in the pound by liquidating assets (selling players) vs an offer of 30p accepting pr epack option then they would wind up? If they are to retain their playing staff does that not hinge on someone stumping up enough cash to satisfy creditors that it is in their best interests to accept the deal? Given the numbers bandied around its going to take a large cash injection to satisfy creditors such that assets do not need to be sold and fund the business until its cash positive? In the bulls case this would be hefty I would have thought. When we were in this situation it was open season with regard to our players what's different here? Not trying to be argumentative - genuinely interested.

is this rl fans forum or harvard business school?

I don't feel particularly threatened by the moves that Cas have made in the player market to be honest; Webster is good but made of biscuits, Gilmour is past it and Shenton has been anonymous at Saints. Meanwhile, the new King of Cas has gone on strike and their young starlet wants out.

I would hope that any signings we do make show a bit more ambition - there's plenty of time yet.

News on the bulls situation expected within the hour, i suspect it will be admin.

A few tweets being reported: viewtopic.php?f=19&t=529680&tsmp=1340703363&start=440

A few tweets being reported: viewtopic.php?f=19&t=529680&tsmp=1340703363&start=440

BBC says they have gone in to admin and have 10 days to save club from liquidation. www.bbc.co.uk/sport/0/rugby-league/18554519

BBC says they have gone in to admin and have 10 days to save club from liquidation. www.bbc.co.uk/sport/0/rugby-league/18554519

The difference is that the BOD have asked for admin to protect the club from HMRC, following recommendation from the "Independent financial review"
It’s rare that a creditor would get anything like 50p or 30p in the pound in Wakefield’s case Andrew Glover offered to pay some of the "Local" creditors a substantial rate in order to satisfy the administrators that he was a "Good Bet"
Also I suspect (as I have all along) that the Bradford situation will be resolved by a pre-packed agreement and all will be sorted within the 10 day winding up notice, which from memory was only sorted at the 11th hour with Wakey/glover

Thanks for the clarification. Unless money is no object though surely their wage bill will have to be slashed in order to fund future losses? Can't see how they can survive and keep hold of their most talented players.