Quite the conundrum. The bottom line is that this league will require a team effort in order to run smoothly, and I'm confident we have a solid group of owners in place already (kneeneighbor notwithstanding).
While this situation should only be a rare occurrence, it is definitely worth discussing. There is no way to completely avoid such situations from arising at some point, so I'm just going to set some general guidelines to use to resolve any possible issues on a case-by-case basis.
1. Any illegal bid will cost the offending owner 10 million dollars. No exceptions. The 10 million will be taken from the owner right away (unless the owner has a current balance of less than 10 million, in which case the rest of his balance would be wiped out and the remaining fine would be taken from his next disbursement). This includes making a bid on a Unit while knowingly holding the highest bid on another Unit from the same position, or making a bid for an amount higher than your remaining budget. Every owner will be held responsible for their actions.
2. Illegal bids will NOT reset the 24 hour clock. Same goes for Blind bids (if an owner has already made an opening bid on a Unit, and another owner comes along and makes a "new" opening bid on the same Unit because he didn't see the other bid), the clock will always revert back to the time of the "real" highest bid.
- If 24 hours have eclipsed, the original owner, so long as he doesn't already own another Unit from the same position, will officially acquire that Unit, and any bids he may have made on other Units from the same position will be nullified.
- If an owner finds himself with the highest current bid on two open Units from the same position due to another owners illegal bid, he will not be fined obviously. But only his earliest bid will be acknowledged. If this causes a chain reaction, the chain will be undone by going backwards one step at a time. The time of each bid will always be the deciding factor.
- If the discovery of an illegal bid comes after the 24-hour mark and causes an owner to own two Units from the same position (say he had moved on and won a different Unit auction), the owner will be allowed to choose which of the two Units he wants. The other Unit will be opened for bidding from scratch.
Hope this helps. It sounds more complicated than it is really, just don't make an illegal bid. Pretty simple fellas.
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