Re: Administration 3 - now in technicolour : Fri Dec 16, 2016 4:53 pm  

Yep. What an anticlimax.

Re: Administration 3 - now in technicolour : Fri Dec 16, 2016 5:13 pm  

http://www.bradfordbulls.co.uk/news/pos ... ed-bidders

http://www.bradfordbulls.co.uk/news/pos ... ed-bidders

Re: Administration 3 - now in technicolour : Fri Dec 16, 2016 5:15 pm  

My heart sank for a second when it said the due dilligence couldnt be completed in time. So we will hopefullt find out monday now

Re: Administration 3 - now in technicolour : Fri Dec 16, 2016 5:20 pm  

Sounds far more positive than yesterday

Re: Administration 3 - now in technicolour : Fri Dec 16, 2016 5:37 pm  

Blindingly obvious now that it's all hinging on the ground - hence the Council and local MP getting involved.

Encouragingly the RFL are still at the table, so it looks positive. Hopefully can all be wrapped up with a positive announcement early next week with the whole ground issue mess finally sorted out.

Re: Administration 3 - now in technicolour : Fri Dec 16, 2016 5:40 pm  

Just re-read it and does anyone know if the use of bidders in the plural mean there is more than 1 bid preferred?
Is preferred some defined status in administration or just the more general use of the term?

Re: Administration 3 - now in technicolour : Fri Dec 16, 2016 6:07 pm  

What does due diligence mean?

Re: Administration 3 - now in technicolour : Fri Dec 16, 2016 6:09 pm  

debaser wrote:

What does due diligence mean?

I've just googled it, it's ok.

Re: Administration 3 - now in technicolour : Fri Dec 16, 2016 6:20 pm  

debaser wrote:

What does due diligence mean?

Due Diligence sounds like a naff sitcom.

Probably starring Duncan Preston. (That should start another rumour.)

Re: Administration 3 - now in technicolour : Fri Dec 16, 2016 6:29 pm  

Preferred bidder means the people who the administrator wants to get the club.

I read the statement to be positive news. The RFL are talking directly to the solicitors, can only mean they are trying to buy the lease back which is good news.