Duckman: burying my head in the sand til the fan has distributed the sticky stuff has worked for me in the past!! icon_biggrin.gif" alt="icon_biggrin.gif" title="Very Happy" /> Re newco forgot to mention 3rd option that had occurred to me. Buy existing company with its debts, transfer assets (players, stadium if bought back & licence) into newco then wind up oldco leaving behind its debts. Possible? Legal?

Duckman: burying my head in the sand til the fan has distributed the sticky stuff has worked for me in the past!! icon_biggrin.gif" alt="icon_biggrin.gif" title="Very Happy" /> Re newco forgot to mention 3rd option that had occurred to me. Buy existing company with its debts, transfer assets (players, stadium if bought back & licence) into newco then wind up oldco leaving behind its debts. Possible? Legal?

Would it not make sense for some sort of agreement between all parties? If Khan gets the nod he will surely be looking at ways to maximise the use of the stadium?

I think this is the best way forward. I would probably go and watch BPA as well if they moved to Odsal.

I think too much is being read into the YP article.



The way I read it, the other SL clubs have all agreed that SL should remain a 14 club competition and have been updated on the progress of the bids for the Bulls.



There doesn't seem to be any guarantee that the Bulls WILL be in SL next year, and I suspect that if there isn't a business plan that addresses the historic debts then the Bulls will lose their licence.



Simples

the Jamie Langley article in the tna today confirms RDMs interpretation, that one obstacle is out the way whatever else remains

Quote ="RDM"I think too much is being read into the YP article. The way I read it, the other SL clubs have all agreed that SL should remain a 14 club competition and have been updated on the progress of the bids for the Bulls. There doesn't seem to be any guarantee that the Bulls WILL be in SL next year, and I suspect that if there isn't a business plan that addresses the historic debts then the Bulls will lose their licence. Simples'" Fingers crossed eh? icon_rolleyes.gif" alt="icon_rolleyes.gif" title="Rolling Eyes" />

Quote ="RDM"I think too much is being read into the YP article. The way I read it, the other SL clubs have all agreed that SL should remain a 14 club competition and have been updated on the progress of the bids for the Bulls. There doesn't seem to be any guarantee that the Bulls WILL be in SL next year, and I suspect that if there isn't a business plan that addresses the historic debts then the Bulls will lose their licence. Simples'" Fingers crossed eh? icon_rolleyes.gif" alt="icon_rolleyes.gif" title="Rolling Eyes" />