Two points. I'd check your assertion that Rovers credit rating has been rebuilt with D&B. And prudential borrowing is taken out by Hull City Council, not Rovers.

Anyway, it's good Tony has confirmed the cash is as good as in the bank. The contractual elements will be pretty complex I'd imagine. If the deal is £15m, when does control transfer? If Rovers bank £5m and there's a delay on the remaining £10m, can TL claim ownership anyway through the materiality of his investment? Have the RFL signed him off? Such fun!

I agree, however, for the Council to 'qualify' they had to conduct due diligence on Rovers (and the other parties involved) under the strict Treasury guidelines (risk assessment etc etc).

I see you dropped in D&B, but for the most part Rovers credit rating has improved under the current Board; Rovers have moved on beyond the cash-only days!

coming from a hull fan well said i also say bring him in but hutch has got to stay at least for the next couple of years to make sure we are ok but if true lets have the money

The Council are under-writing it at their own risk. If you think there's been a steady improvement in Rovers credit rating when they are filing losses of half a million a year and have a recent CCJ, I invite you to validate this through D&B. All of which is entirely irrelevant when a wedge of £15m cash is about to land, of course.

Talks have been on-going for over 3 months we are told. Judging by Mr Larvins comments, he is happy with everything and wants to proceed with the deal. The vast amount of money he is talking about investing is pretty much un-parralled in Rugby League circles.
Despite this there is obviously something that is holding back Hudgell and Crossland from sanctioning the deal. They are intelligent and successful business men. If they are having doubts then something obviously isnt right.
It is too good to be true and wont happen.

I thought the RFL had to vet all owners of SL clubs and check their background.

If TL is to be classed as the owner, surely this must have happened and if it goes through, they must have approved (unless it is purely a recommendation from the RFL and they cannot actually block a deal)?

Any confirmation of this (or at least the theory behind it)?

(Mrs B alluded to this question as well, a few posts back)

There [imight conceivably[/i be an issue around liquidity of assets.

That said, I remain somewhat dubious and I know I'm not alone. I'll happily offer to lead the apology delegation, as and when. We should know if it will be needed imminently.

Exemplary!

Tony Larvin - the saviour of our great club?
Imminent takeover from the shouter at the pub?
Methinks it could be too good to be true,
Eventually we'll know whether it was a load of poo.
So much money, an eight-figure amount,
Hopefully he will sort out our liabilities account.
Anakin's having a fit - threads are being locked,
Red haired Gleeson may be already crocked?
Eyes will be watching from around the M62.

Have i had a post removed?

More like frontal lobe.