As well as the fans you have to feel sorry for Jarrod Sammut, thats twice in two years now unless he could get dispensation again.
Elliot Kear would be different as I'm sure plenty of clubs would take him.

But this is what I don't understand, why?! Where is the sense in that?

They can't save enough money from the wage bill to pay the debt without having a pathetic squad that nobody will pay to watch getting trounced each week (you say the fanbase will crumble by selling off a few of their best, how diehard do you think it will be with a squad costing sub £700k? That's not even twice the NL1 cap, and is actually assuming they are at full cap now, which I highly doubt. It's probably more realistic to say that slashing £1m off their wage bill will essentially give them an NL1 side), but they maybe can pay them off by selling a few of their promising young players. You can't sell players who are out of contract, and those with not long left to run have little value. By giving him a 5 year deal they've possibly just quintupled what they can get for him.

Their need for money in is greater than their need to decrease their outgoings.

Administration wouldn't necessarily get them kicked out of SL - see Wakefield last season. In fact their best bet would be if they could somehow 'do a Wakey' and start over with a new BOD/owner. Chucking more cash at the current bunch of incompetents would likely only be putting off the inevitable.

The killer blow regards SL would be if they couldn't fulfil their fixtures, which is looking like a real possibility at the moment.

To be fair that was more to do with one man's ego than squad make up [iper se[/i. Has to go down as one of the single worst decisions ever made by a club chairman in any sport.

Unless they can get £1m together they are gone, if they go into administration they need a investor/buyer or they are gone, so it could be irrelevant what they get for players . The bottom line is the club have been greedy and signed up players they cannot afford to pay in 2 weeks time, now given the option of watching a pathetic squad who may end up in NL1 is better imo than losing the club altogether and they are serious risk of this right now.

Dont think Bradford got a penny for Odsal as they owed the RFL money, in essence the RFL got control of the ground and the debt was wiped

was with friends from Bradford in January and he made a statement that Bradford would fold soon
if they didn't get they act together .I said to the wife coming home I thought Frank had got it wrong .But what do I know .Like to bet Lynch think he made the right choice to come to Hull .Could be going this weekend to Bradford to see them .and the Pub we go in known I am a Big Hull fan .Yes I feel for the fans of the Club but it should not stop us going for players even for this season .We still have money left on the salary cap use it to get a prop or .any cash sum would help Bradford short term

I suppose the point would now change as to what use / benefit would Odsal be to the rfl if there is no one playing there?

Any idea why they owed the ref money for?

The added problem they have over Wakey though is the ground. Hopefully any new venture would have no problem getting the go ahead from the RFL to play at Odsal, but as we see on a regular basis, you can never quite predict what they will do.

It's the combination of administration + potentially no ground that I think would possibly threaten their franchise position.

It smacks to me of posturing on the part of the Bradford Board. There's clearly been some discussions between them and the RFL over the last few months and it seems that Bradford haven't got the result they wanted/expected so they have now gone public to force the RFL's hand in the belief that they won't let them go to the wall. Especially after the RFL stated publicly the value of Odsal as a spiritual home of Rugby League or something similar and now own it.
You wonder how the players that have recently signed contract extensions will feel about it now they know the true financial position. I understand why Bradford did what they did with Whitehead but he has to feel a bit used now he knows that , essentially , it was just a device to make him a more valuable asset and the club knew they couldn't afford it. Maybe he could tear it up and be a free agent once his existing contract runs out?

I feel sorry for the loyal Bradford fans. Hopefully the club can be saved, it would be extremely bad news for the sport for the club to go under.

Without new owners you wonder whether £1m in the short term is enough and if in a few months time, should they have a poor cup run and miss the play offs again, they'll be back in the same boat.