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Leigh Centurions • Re: Future.. how soon till we know

rugbyreddog wrote:

If you wanted to trawl through the Bradford forum you would find the answers to all these questions.
Basically they can go into Admin with a 'friendly' Administrator and do a £1 buy back. The problem is that the Administrator is bound by law to get the best deal for the Creditors and you can then get the case of someone offering a better deal than e.g DB. This seems relatively simple with a possible twist, but do-able. You now get the scenario whereby the Administrator prefers one buyer but then the RFL refuse to accept them as fit and proper. At this point you have a bit of a stalemate. All this time the clock is ticking towards next season. Once the buyer is selected you have the issue of TUPEing across staff and players.
And then before you start the season you have penalties imposed by the RFL and you also need to find new suppliers as the old ones don't want to be twice bitten.
The bottom line is if DB wants out then you have to hope he finds a buyer. If he decides to go around again hope that he doesn't want to use the Admin route to wipe any debt.
Good Luck.


Very interesting, thanks for explaining how it works. :thumb:

Statistics: Posted by mish — Tue Oct 09, 2018 11:09 pm


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