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Re: Whitehaven to enter administration

Posted: Tue Aug 31, 2010 11:30 am
by DaveO
onedego wrote:I knew about Lenagan (bow), having a controlling stake in the Quinns before, and thought then that it must be a conflict of interest... surely he must be able to sell his stake at some point...
As the report said IL was supposed to sell up after two years but the fact he hasn't and the RFL haven't come down on him like a ton of bricks says a lot IMO.

Either he can't sell if no one will buy or he won't sell because those offering to buy won't pay enough.

Either way the fact he has not been taken to task by the RFL suggests they won't force his hand or more likely IMO there is no buyer and the RFL don't want to take ownership (if that were allowed).

Dave