Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 9:44 pm  

debaser wrote:

My bet is on someone with no money to invest, no business sense and no idea how to run a rugby club.

I'm hoping for Mr Lawn or Mandy

Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 9:47 pm  

This Admin has a strange feeling about it speaking to players about they seem not concerned.

Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 9:54 pm  

redeverready wrote:

This Admin has a strange feeling about it speaking to players about they seem not concerned.

The administrators have a very unfamiliar air of professionalism about them. Very strange!

Re: Administration 3 - now in technicolour : Mon Nov 21, 2016 10:11 pm  

On the insurance issue, this could actually be true. The club is no longer a member of the RFL so if insurance is done through the RFL it's likely void

Re: Administration 3 - now in technicolour : Tue Nov 22, 2016 6:36 am  

When should the players and staff get paid?

Re: Administration 3 - now in technicolour : Tue Nov 22, 2016 8:28 am  

DemonUK wrote:

On the insurance issue, this could actually be true. The club is no longer a member of the RFL so if insurance is done through the RFL it's likely void

Whilst it may have been a short term problem, the insurance definitely isn't an issue any more.

Re: Administration 3 - now in technicolour : Tue Nov 22, 2016 9:27 am  

And unlike a previous administrator, none of the qualified fitness & conditioning coaches have been sacked, so the insurance hasn't been voided that way either.

Re: Administration 3 - now in technicolour : Tue Nov 22, 2016 10:29 am  

Calm down was only offering a possible reason for someone tweeting about this. I can understand how you are all so touchy though.

Re: Administration 3 - now in technicolour : Tue Nov 22, 2016 10:35 am  

Green said he had to appoint an administrator, as he couldn't be confident the winding up would be yet again adjourned. That suggests he didn't want to risk the hearing going ahead, and clearly it also means he appointed the administrator, so the purpose of this administration would be to look after the interests of the creditor appointing the administrators, there is only a secondary duty not to positively harm the interests of other creditors while looking after their client. They have to follow the rules, and that includes having 8 weeks to publish what they plan to do. If bored or suffering from insomnia, more here

Green said he had to appoint an administrator, as he couldn't be confident the winding up would be yet again adjourned. That suggests he didn't want to risk the hearing going ahead, and clearly it also means he appointed the administrator, so the purpose of this administration would be to look after the interests of the creditor appointing the administrators, there is only a secondary duty not to positively harm the interests of other creditors while looking after their client. They have to follow the rules, and that includes having 8 weeks to publish what they plan to do. If bored or suffering from insomnia, more here

Re: Administration 3 - now in technicolour : Tue Nov 22, 2016 12:29 pm  

Ferocious Aardvark wrote: Green said he had to appoint an administrator, as he couldn't be confident the winding up would be yet again adjourned. That suggests he didn't want to risk the hearing going ahead, and clearly it also means he appointed the administrator, so the purpose of this administration would be to look after the interests of the creditor appointing the administrators, there is only a secondary duty not to positively harm the interests of other creditors while looking after their client. They have to follow the rules, and that includes having 8 weeks to publish what they plan to do. If bored or suffering from insomnia, more here So are you saying that he put the Bulls into administration principally to get his own money back?

Ferocious Aardvark wrote: Green said he had to appoint an administrator, as he couldn't be confident the winding up would be yet again adjourned. That suggests he didn't want to risk the hearing going ahead, and clearly it also means he appointed the administrator, so the purpose of this administration would be to look after the interests of the creditor appointing the administrators, there is only a secondary duty not to positively harm the interests of other creditors while looking after their client. They have to follow the rules, and that includes having 8 weeks to publish what they plan to do. If bored or suffering from insomnia, more here So are you saying that he put the Bulls into administration principally to get his own money back?