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Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 10:25 am  
HamsterChops wrote:
If the club does go under, perhaps the RFL could use their lease on Odsal to put the museum there. There's be no other bloody use for it after all.


Don't think the council would be too thrilled as they really got behind the bid to put the museum in the centre. One of the reasons Bradford won was because the council got so invovled
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Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 10:26 am  
I don't think the RFL would see you liquidated, just doesn't make any sense.
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Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 10:26 am  
Wonder if the RFL are playing a game of chicken. Holding out with prospective buyers/developers to get museum and offices built for nowt as a condition of releasing the lease to the new owners. If it works it works, if not the RFL can always say it wasn't their fault it was through continuous mismanagement. ( In all honesty after 3 admins I can't say I blame them)
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Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 10:28 am  
How much are the bidders willing to pay for the lease, if they are trying to get it in the cheap, we're gone, the RFL will have to demonstrate they got somewhere near market value to avoid any accusations they have helped us at the expense of other clubs. Gut feel says it's goodnight this time, unless the new buyer has very deep pockets, which we've never had, so why now.
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Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 10:30 am  
Mirfieldbull wrote:
How much are the bidders willing to pay for the lease, if they are trying to get it in the cheap, we're gone, the RFL will have to demonstrate they got somewhere near market value to avoid any accusations they have helped us at the expense of other clubs. Gut feel says it's goodnight this time, unless the new buyer has very deep pockets, which we've never had, so why now.

How will any of us no whats its worth? The land is worth more to some people than others, thats the big issue. Fingers crossed the RFL are willing to work with the bidder.
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Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 10:36 am  
As a Doncaster fan , have been in this situation before, hope common sense prevails . You get a new owner who can add up , you are re instated & purchase the lease of your ground !

Fingers crossed !
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Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 10:36 am  
Frank seemed confident last night, so i will hold out some hope.
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Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 10:37 am  
Blotto wrote:
I get the feeling the prospective owner want the RFL to commit in writing that they will negotiate the sale of the lease to them for a fair price(in which the RFL want the maximum price it can get and prospective owner wants the minimum, usual staring contest hopefully the RFL blinks first)


It seems to me like a balancing act, sell the lease too cheap they will be accused of favouritism, and they will by all and sundry in the RL world (mainly in Halifax!)

However if they add too much "Mark up" onto the price tag this should surely be seen as taking advantage of one of its own members who were in financial difficulty both at the time of admin mark 1 and now?
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Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 10:39 am  
The lease thing would be easy for the RFL to sort out, as we know the price (morally, the same as what they paid the Bulls for it). As it is, we are entirely reliant on RFL for the long term future of rugby at Odsal, because under the head lease, the playing of rugby is only safeguarded to May 2019. The question for the RFL is, what are the true intentions of the bidder, and could they do anything to prevent the bidder (for example) taking the mick in years to come and making a killing at rugby's expense.

It's not easy for the RFL. Whatever the circumstances when they took the lease, they said what they said, and they have effectively a duty now and a responsibility to the wider game, of which they are custodians, to stick to their word. If they sell the lease then it is obviously impossible for them to exercise any further control over what happens at Odsal

From a bidder's perspective, the money side is pretty simple; you don't need money, as if your proposal for what you want to do with the ground stacks up commercially, then you can get funding from the banks and financiers. The problems are that both the RFL as our landlord, and indeed the Council as head landlord and site owner, have to be seen to be looking after the fans and the club and rugby in Bradford, but those are plainly non-commercial obstacles to making money which would be seen as a hindrance and an obstacle by your average lender.

So it boils down to whether the bidder is prepared to commit in writing to the same sort of safeguards as the RFL said they wanted to ensure, but which aren't in the lease. I want the Bulls to survive, but what would the fans say about the RFL if they let a bidder pull the wool, and ended up ending rugby at Odsal and making a killing? So i can't blame the RFL for being extremely cautious.
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Re: Administration 3 - now in technicolour : Tue Dec 20, 2016 10:42 am  
Agreed FA. If the bidder is genuine though there shouldn't be a problem unless they haven't got the cash. That said I'm not sure how much investigating the RFL do into the bidder. We don't want another ten bob millionaire taking over.
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