Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 11:30 am  

Bull Mania wrote:

According to Simon Parker (T&A)

Deadline extended for Bulls bids as party came forward "in the 12th hour" according to the administrator.

My, he's going to incredible lengths to try to fool everyone into believing a deal hasn't already been done last weekend. Luckily for us, we on here know that this "new bidder" is just smoke and mirrors, and the administrator is just wasting their time and money. Shame it delays confirmation of who it was that bought us, though.

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 11:45 am  

I have an awful feeling this could be Green trying to throw a spanner in the works.

I will be done with Bradford if it's Green.

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 11:50 am  

Ferocious Aardvark wrote:

My, he's going to incredible lengths to try to fool everyone into believing a deal hasn't already been done last weekend. Luckily for us, we on here know that this "new bidder" is just smoke and mirrors, and the administrator is just wasting their time and money. Shame it delays confirmation of who it was that bought us, though.

How do you no its a done deal??

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 11:53 am  

Just a question. How can the administrator guarantee STs will be honoured if none of the bidders agree to that condition of sale.

[Bullseye]

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 11:55 am  

Maybe all bidders have guaranteed they will honour them in their bids?

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 12:02 pm  

RickyF1 wrote:

How do you no its a done deal??

Me? I don't think that for a minute.

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 12:05 pm  

Bullseye wrote:

Maybe all bidders have guaranteed they will honour them in their bids?

Wouldn't that be preferring one class of unsecured creditors? Not sure how happy HMRC for example would be about that. Unless you believe a bidder is about who'll pay the debt in full. I don't even have dreams that are that crazy

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 12:09 pm  

RickyF1 wrote:

How do you no its a done deal??

A deal won't have been done but i'm sure that there is a front runner (preferred bidder). I think some people have taken that and run with it.

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 12:16 pm  

Instead of just saying everything above is rumour or hearsay some of you actually try and justify the rumour and hearsay as fact.....oh and surely the phrase is 11th hour. 12th hour could mean after the deadline in administrator speak....which could mean that there was not much being offered prior to the deadline so they have had to extend it.

Re: Administration 3 - now in technicolour : Thu Dec 08, 2016 12:28 pm  

League express online is saying 3 bids submitted before deadline,administrator is saying commercial decision to extend deadline to get best deal for club.