That seems a very sensible comment.

Surely time to tell them "time out" to sort themselves out and give someone else a go

At their peak what are the clubs highest average attendances?

It seems like a RFL facilitated administration, to draw a line under the Khan era. And other debts have not been written off. By itself, I'd be tempted to turn a blind eye to that.
They did still enter administration though and the RFL seemed to be sending out a much sterner message to Wakefield.
It's just the legacy of the half-assed licensing system, RFL 'discretion' and the 'wrong' club exploding. They're trying to make the best of a very bad job, but whatever they do now will look ridiculous because it is built on such ridiculous foundations.

Covers most things administered by the RFL.

Does it matter? The main factor should be, can they sustain themselves in the Super League without going broke every year.

Can I have my £1 back?

With small crowds they'd struggle. Bradford have the ability to be a big club, they can attract big crowds and good sponsorship.

Can Fev or Halifax?

The thing is though that two successive boards have made a tremendous hash of things at the Bulls. Enabled by the RFL. It's had, arguably negative, impacts on the wider sport. We had to abandon licensing before we'd had a chance to really see whether it would work, to save their brand. And it's become more toxic than iconic now. there's also that suspicion that the 'rules' would not have been bent to the same degree for other clubs. Ones that perhaps get smaller crowds and less lucrative sponsorship, but you have to at least aspire to something resembling fairness. That, or at least be honest about the system.
In fairness Wakefield also did a newco and weren't chucked out. Only because Crusaders went bust, but still. Wakefield also didn't give up any central funding, but then equally they weren't given any guarantees.
The rules, as I understand it, are that Bradford should have 6 points deducted, with the RFL free to reduce the penalty to 4 points at their discretion. This is, in one sense, harsh because the RFL seem to have wanted this outcome and helped achieve it. On the other hand Wakefield fans say their club was told they'd be out on their ear if they took the admin route again. I'm all for a bit of common sense and pragmatism, but the RFL have really tied themselves in a knot on this. The question really, is at what point do they cut their losses?

Hopefully the new TV deal will oil the economic mechanisms across the leagues and this'll happen less often.

i think you should change the word 'have' to 'had' out of your main sentence

I'm not saying I agree with it, but I can see why it's happening.

So can I but it goes against the rest of their policies which seem to be to plough more money from improved sponsorship , WC revenue and the new TV deal into the second tier whilst leaving SL clubs with the same amount despite most of them proving that they can't survive on that money without a sugar daddy.

-6

Ouch!

Bulls fans have my sympathy.

..it gets much worse......