What really pees me off is the only player Crusaders had to sell was Hauraki and then released a few out of contract players. All their better players were retained. Why werent O'Haras flogging them off to cut their debts?

Too much to ask.

Re. the point that (I think) was made - we have to accept the vultures will circle in, though sadly, the amount that'll be raised will be well below the market value. If it's true, let's hope it doesn't just go towards paying the administrator, and some of the other creditors get what they're owed as well. And if it leaves us without a team, well.... that'll be the RFL's problem.

it would be nice to not be in the dark for once wouldn,t it!

mr glover certainly knows what the score is, otherwise he could not agree a value.

ie. the value of the club on friday was far greater than the club minus obst fergie and murph.

the lack of information coming from the club suggests the worst.

Yep

Close

Bob on there. Just doing the best job they can to keep the company going. Not their fault someone run up debts they couldn't afford to pay.

The administrators are doing their job in selling players. They are just trying to get back as much money for the creditors as they can and the only way to do this is by selling assests and because we are a rugby club our assets are the players.

Think of it this was, if a car dealership went into administration, the administrators would sell off the cars because that are the assets.

Still strange nobody came and seized crusaders assets, apart from hauraki? I could think of a few who we could have had!!

Said on Look North that we are not out of administration yet and it could be another 2 weeks!!!!!!
Hence Andrew Glover's hands are tied until he has control of the club.

This news should be coming from the club not Harry fecking Gration!!

It seems the press release last week was a tad premature. Not a great start to the new dawn.

Not exactly sure how this works but you would imagine that Glover knew Obst would be leaving as he couldnt get the ''deal'' done in time ... Legals make things more difficult to process but hopefully this deal can be sorted this week and we can keep Murphy ... Another thing to consider is that Glover is aware of the possiblity of relegation and is preparing as such !!?? The club is in a mess - the difference with Celtic is that they know there sl franchise is secure - stinks !!

just spoke to someone and millard has gone to catalans, jefferies to london. legal bills apparrently

you are spot on glover knew last week that hull wanted obst and a deal would have been done sooner had obst not dug his heals in and at first turned down a move, but in the end i suppose it was too good an offer to turn down but it goes without saying obst left with a heavy heart.

Not all bad news then.

But the main creditor was the RFL, and it appears that it was agreed prior to their admin that the new owners would take over their main debt ie RFL so the admin did not have to strip the club bare as the other debts would have been secondary to this I would suspect, it been the largest.