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   WWW.RLFANS.COM • View topic - Administration 3 - now in technicolour
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Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 1:50 pm  
pie.warrior wrote:
I must learn to type faster...lol

:lol: :lol:
I was writing my question for ages!!!! trying to get the wording to sound right, must of just beat you to pressing send!!!
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Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 1:51 pm  
HamsterChops wrote:
I always thought it was down to him to get the best deal for the creditors and nothing more. But the current administrator seems to be making noises suggesting the long term future of the club is also quite a large consideration, which is different to how I've always understood it before.

I hope it is also the second part
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Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 2:28 pm  
Well, I'm pretty sure that last time around we were told that 'the Administrator gets the best deal for the creditors' - which was how we ended up with Green rather than Koukash.

It's obvious that Koukash has considerably more money, but offered a very poor deal for the creditors. By contrast, Green had no money (and, to be fair, never claimed he had) but offered a better deal to the creditors. It helped that he himself was the major creditor!

I agree that we are being told something different this time, with an Administrator seemingly more concerned about the longer term future than appeared to be the case last time or the time before. I wonder if the RFL have made noises about this to the Administrator? Either way, it's good to hear because it doesn't benefit anyone for us to be back in the same position in a couple of years.
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Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 3:22 pm  
Does anyone know if any deadlines have been set for offers of interest?

I liked Marwans response on Twitter to somebody asking him if mandy is buying the Bulls, "she is not telling me" :)
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Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 3:24 pm  
As I understand it creditors figure but are distinctly secondary to the appointor which in this case is HMRC.

Last time round the appointor was Green, IIRC.
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Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 3:27 pm  
thought green appointed administrators this time too to prevent hmrc gaining a winding up order.
Last edited by mat on Mon Nov 21, 2016 3:41 pm, edited 1 time in total.
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Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 3:36 pm  
Is it a pre pack administration?
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Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 3:53 pm  
atomic wrote:
Is it a pre pack administration?

What's a pre pack administration?
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Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 3:59 pm  
mat wrote:
thought green appointed administrators this time too to prevent hmrc gaining a winding up order.


I may well have misunderstood.
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Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 4:00 pm  
RickyF1 wrote:
What's a pre pack administration?

Its when you have a new company already setup and transfer the assets across to it leaving the debts with the original company. This doesnt appear to be one.
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