Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 12:00 pm  

I think Sadler has realised the panic he caused with that original tweet and is now backtracking like his life depends on it.

Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 12:01 pm  

Frank Whitcombe wrote:

It's a complex sale process, a rugby club from the administrator, a leasehold from the RFL, the offer to balance against liabilities and creditors to satisfy, and everyone's off - administrator is completing due diligence and something should break soon.

Terms are done, just awaiting acceptance from what I hear.

As for the rumour of the buyer, I couldn't comment publicly but I know initially the offer was an act of true altruism, which grew into making a lot of sense all round over the days and weeks, with the buyers eyes being opened to the Bulls heritage and potential to be linked with a positive winning brand alongside a massive development opportunity on the existing and surrounding site.

I've chilled out over Christmas knowing the little I do, I maintain that we definitely have a bright future, but the points deduction could mean it's a long road back.

The preferred bidder is the Leo Group, why you couldn't comment publicly is beyond me. We all use pseudo names on here to protect our identity. You can't comment because you don't know for sure if your info is correct. I'm sure you are well meaning as I think the majority of posters are.

At least the staff should know more by 1.30pm today. Then the rest of us will have to await the 'breaking news'.

Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 12:02 pm  

RickyF1 wrote:

The mystery bidder for @OfficialBullsRL with considerable wealth is another party whose bid, I hope, is still on the table.

Options are there, it's who is willing to pay green.
Personally I'd question the legality as to the debenture he put in place, the date of it is quite recent and with the issues with paying the players etc, I'd say he clearly did it knowing he was going down the admin route to cover his backside.

Whoever takes charge/ whatever happens, the new person/people in charge have one hell of a task getting fans back onside.

Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 12:05 pm  

[/quote]

sir steve menzies wrote:

Options are there, it's who is willing to pay green.
Personally I'd question the legality as to the debenture he put in place, the date of it is quite recent and with the issues with paying the players etc, I'd say he clearly did it knowing he was going down the admin route to cover his backside.

Whoever takes charge/ whatever happens, the new person/people in charge have one hell of a task getting fans back onside.

Are you saying Green could refuse every bid?

Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 12:06 pm  

el red wrote:

The preferred bidder is the Leo Group, why you couldn't comment publicly is beyond me. We all use pseudo names on here to protect our identity. You can't comment because you don't know for sure if your info is correct. I'm sure you are well meaning as I think the majority of posters are.

At least the staff should know more by 1.30pm today. Then the rest of us will have to await the 'breaking news'.

I'm not commenting publicly because I have integrity and was asked not to name them.

Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 12:06 pm  

RickyF1 wrote:

How can the RFL accept a bid but not the administrator??

The RFL's main considerations are the game and your club. The administrator's main concern is the creditors.

Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 12:07 pm  

So to sum up Sadler talks to Chalmers who says his bids been rejected, Sadler tweets a badly worded tweet and everyone goes nuts leading to Caro to issue a 'put up or shut up' tweet?

Or am I missing something?

Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 12:07 pm  

Oh the eternal joys of being a Bulls fan.

Blackpool Pleasure Beach should be a bidder because our club is like a perpetual roller-coaster!

Scream if you want to go faster!

[Bullseye]

Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 12:09 pm  

I expect if players and staff find out at 1.30pm we'll find out pretty soon after that.

Re: Administration 3 - now in technicolour : Thu Dec 29, 2016 12:09 pm  

OK from what i am reading about who this alleged bidder is, would it be unfair to assume that saving the Bulls may not be the primary reason for their bid.