Re: Bulls Keeping hold of their players. : Wed Jul 18, 2012 11:28 am  

Bradford incurred a tax charge for selling the lease to the RFL.

If the RFL sell it on to ABC they will also incur a further tax charge so the cost of the lease should also place this tax burden onto ABC newco, not be borne by the RFL.

Re: Bulls Keeping hold of their players. : Wed Jul 18, 2012 12:02 pm  

ABC have now increased their offer. They've included Naans, a salad and a little polythene bag of some dressing.

Re: Bulls Keeping hold of their players. : Wed Jul 18, 2012 12:53 pm  

I can understand this consortium wanting to guarantee the next two years in S.L, however, it appears they also want to buy the lease back.

Now, do they want to buy it for a lot less than the RFL paid for it, somewhere in the region of £1.5m or perhaps they will pay it back on the never-never a bit like the plan the old regime had with the RFL.

You known the one, where they borrowed £700k a few months after receiving a Grade B licence & failed to pay back a penny piece, hence the purchase of the said lease, not forgetting in the region of another £800k plus the £500k in pledge money, all fritted away!

The RFL are up to their necks in this shambles, no wonder Lewis went off to pastures new. They should insist in recouping all the cash they’ve pumped into this ‘Icon’ via the purchase of the lease & not be philanthropic to a cobbled together consortium who may only be around for a couple of years.

Re: Bulls Keeping hold of their players. : Wed Jul 18, 2012 3:32 pm  

The Devil's Advocate wrote:

The RFL are up to their necks in this shambles, no wonder Lewis went off to pastures new. They should insist in recouping all the cash they’ve pumped into this ‘Icon’ via the purchase of the lease & not be philanthropic to a cobbled together consortium who may only be around for a couple of years.

I couldn't agree more.

A journalist has just Tweeted that the RFL will not accept a 'conditional' offer to purchase the Bulls, so maybe they are attempting to play hardball?

From a reputational perspective, I don't see that they can do anything else; if they roll over and flog Odsal to the newco on the cheap, effectively robbing the game of over a million quid, I think that would signal the end of the road for Big Nige and possibly others.

Re: Bulls Keeping hold of their players. : Wed Jul 18, 2012 5:01 pm  

someone on bulls site hinted it could be the hetherintons putting 2 and 2 together is this why the free tickets have been given ?