| FORUMS > Hull KR > Neil Hudgell on RH |
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| Quote: hull2524 "font banned from hull forum as people got fed up of his trolling, on the subject here hudgell is right about one thing, sl are bending over backwards for bradford a lot of which stinks the room out,it sends the wrong message out,it seems some clubs are ringfenced against any missdimeaners,is that spelt right?'"
What Trolling?  |
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Must be nearly a record for a ban that.
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| Quote: hull2524 "font banned from hull forum as people got fed up of his trolling, on the subject here hudgell is right about one thing, sl are bending over backwards for bradford a lot of which stinks the room out,it sends the wrong message out,it seems some clubs are ringfenced against any missdimeaners,is that spelt right?'"
If it is somebody buying Bradford and they can strike a deal with creditors, then I'm all for that - really good news. That's how the most recent press reports are framed, but they're vague enough and I'm cynical enough to just wonder.
If they let in a newco Bradford then that is more than a bit whiffy, but c'est la vie. If they do that and try to keep licensing that will be 2 parts shameful to 1 part embarrassment, IMO. Though it was all very opaque, I wonder now if that is what happened with Crusaders. They'd struggle to keep this under wraps... if it's a newco, which hopefully it won't be. |
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| Quote: hull2524 "font banned from hull forum as people got fed up of his trolling, on the subject here hudgell is right about one thing, sl are bending over backwards for bradford a lot of which stinks the room out,it sends the wrong message out,it seems some clubs are ringfenced against any missdimeaners,is that spelt right?[/quote]
Seeing as you ask and for future reference..(misdemeanors), i dont mind assisting a black and white out now and again. 
On the serious side of things, Neil Hudgell is right to highlight the farcial stance the RFL have adopted regarding Bradford Bulls, they have set a dangerous precedent imo and it remains to be seen what they will will do in future when the same scenario presents itself with another club, which i believe is only a matter of time if the financial situations at several clubs are anything to go by.
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| Quote: Sandra The Terrorist "Must be nearly a record for a ban that.'"
It seems I am not banned as stated by hull2524, I have just posted on the Hull board. |
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| Quote: Seventies red "
Tbf, at this stage it isn't clear what they're planning.
Booting them out if they've emerged from admin (soon!), would be harsh. And would cause other problems.
Letting in a newco would be generous. And open to ridicule if they're 'given a licence'.
It is a very important distinction, yet nobody in the press/media seems to want to raise the issue. Possibly because it isn't an issue, it's oldco and no problems - but you'd think they'd want to highlight that. The silence isn't [inecessarily[/i worrying - there are issues of commercial confidentiality to consider possibly. It is though [ipossibly[/i a bad sign.
It could have massive implications - a return to some form of P&R or true franchising, perhaps. We've kind of fallen between stools with licensing, with hindsight, irrespective of the outcome with the Bulls.
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Surely the 7 figure SLE bid rules out any chance of a 'newco' since it guarantees that creditors will be paid whatever the outcome.
The administrator is hardly going to accept an offer which will not pay the creditors when he has one from SLE which will.
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| Quote: His Bobness "Surely the 7 figure SLE bid rules out any chance of a 'newco' since it guarantees that creditors will be paid whatever the outcome.
The administrator is hardly going to accept an offer which will not pay the creditors when he has one from SLE which will.'"
I never saw any indication that SLE would be paying a 7-figure fee, or guaranteeing debt. In fact I think Hetherington made a point of saying it would only cover liabilities [igoing forward[/i. It had newco written all over it, IMO. Can you imagine the clubs finding £100k each to pay off someone elses debts in full? Unless they've already agreed a CVA in principle for pennies in the pound, not a chance - and why would HMRC accept that?
To me it looks like either:
1. One or more of the bids look likely to fly as an oldco. Fingers crossed.
2. The clubs have looked over the precipice and didn't like what they saw. If that's the case they'll hopefully make the small leap of logic that a sacrifice then has to made to save the Bulls - licensing.
Getting a bit broken record about this, I know, but I'm haunted by visions of massively damaging gormcloptitude. And the coverage has been more heat than light. Lots of people trying to be sensible and reasonable, while missing the point or not thinking about the wider implications. |
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| Quote: FONT "It seems I am not banned as stated by hull2524, I have just posted on the Hull board.'"
I was just about to mention that. Seems some folk assume that if a poster doesn't post for a few days he must be banned.  |
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| Quote: Kosh "I was just about to mention that. Seems some folk assume that if a poster doesn't post for a few days he must be banned. ![]()
Assume, or hope?
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| Quote: Mild Rover "I never saw any indication that SLE would be paying a 7-figure fee, or guaranteeing debt. In fact I think Hetherington made a point of saying it would only cover liabilities [igoing forward[/i. It had newco written all over it, IMO. Can you imagine the clubs finding £100k each to pay off someone elses debts in full? Unless they've already agreed a CVA in principle for pennies in the pound, not a chance - and why would HMRC accept that?
To me it looks like either
I assure you the administrator is on record as saying he would accept the SLE bid if no other was forthcoming. He added that it guaranteed the Bulls would not be liquidated and therefore there would be no newco. The bid was for a 7 figure sum, liquidation wouldn't provide anything like that and so that threat was removed.
The clubs would then get their money back by relegating Bradford and taking their TV money.
However it is now very obvious the clubs are happy to give the green light to one of the other bids now on the table either Bradford Park Avenue or Omar Khan both of which match the SLE offer. The SLE bid ensured that any other had to at least match it and creditors would be paid. One of the 2 bidders will own Bradford by next week, creditors will be paid and the Bulls will stay in Super League. A good outcome - provided the new owners do not have ulterior motives.
rlhttps://www.yorkshirepost.co.uk/sport/rugby-league/bradford-bulls/super-league-rivals-provide-chance-for-bradford-bulls-to-secure-future-1-4856718rl
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| Quote: Kosh "I was just about to mention that. Seems some folk assume that if a poster doesn't post for a few days he must be banned. ![]()
No, we just lost against Wakefield, thats all!! 
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| Quote: Dudley "Assume, or hope?'"
I did have some fun. |
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| Quote: His Bobness "I assure you the administrator is on record as saying he would accept the SLE bid if no other was forthcoming. He added that it guaranteed the Bulls would not be liquidated and therefore there would be no newco. The bid was for a 7 figure sum, liquidation wouldn't provide anything like that and so that threat was removed.
The clubs would then get their money back by relegating Bradford and taking their TV money.
However it is now very obvious the clubs are happy to give the green light to one of the other bids now on the table either Bradford Park Avenue or Omar Khan both of which match the SLE offer. The SLE bid ensured that any other had to at least match it and creditors would be paid. One of the 2 bidders will own Bradford by next week, creditors will be paid and the Bulls will stay in Super League. A good outcome - provided the new owners do not have ulterior motives.
rlhttps://www.yorkshirepost.co.uk/sport/rugby-league/bradford-bulls/super-league-rivals-provide-chance-for-bradford-bulls-to-secure-future-1-4856718rl'"
Not my reading of the SLE bid - why save them to relegate them? 'Integrity of the competition' or £100k and getting their 2013 TV money anyway, seems an easy choice.
If the creditors get their end, then that is great. |
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Couldn't be duller this shizzle.
No surprise whose the instigator.
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