Gandy wrote:
Don't think this takeover will come to anything personally. Worth looking at though if no one else is interested though but think the debt and everything else that comes with it is too big a risk for anyone to buy them out!
Isn't all this historical debt going to get written off though, especially if they get liquidated and this ABC group buy them for hardly anything and start afresh?
I know it's all complexed stuff and whilst I want to see the Bulls survive, to my eyes at the moment it seems as if;
• they are getting rid of all their debts
•starting as a new company with their historical debt wiped out
•not losing any star players??
•will stay in SL
•Are going to try and make sure they get the lease back from the RFL otherwise they will pull out?
And the only 'punishment' from the RFL will be a 4-6 point deduction that in the grand scheme of things is pretty incidental. They'll probably still be able to make 8th even with a deduction
I know some/all of this might be a somewhat over simplistic view but without knowing all the ins and outs it how it comes across to me