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| Quote ="daveyz999"And it is also a fact that the moneys retained by the RFL were actually shared amongst other clubs.
In fact, there was a vote held by the clubs to determne how the money was to be handled. Some on this forum actually know how the votes were cast.
I am getting the impression that given the posters inability to resight even common knowledge, the said individual is either a troll trying to cause a stir (thanks mat) or someone from the governing body attempting to make the RFL smell like roses.'"
So in essence you are saying that because the RFL advanced circa £300k to P&A, there was a punishment of £1m which was distributed among the other Super league clubs?
Any evidence of this being the case? Or is it just another chip on the shoulder urban myth?
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| Quote ="Highlander"Wait! I know this one....
Oh yes, I answered it in December:
'"
So it's all the RFL's fault for digging one of the biggest names in the game out of a hole? They should have said no & let Bradford Bulls disappear? Because that is what would have happened.
Imagine the reaction if the RFL had not acted as they did and it became public.
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| Quote ="Adeybull"Not a single direct answer. Just a load of waffle that does precisely nothing to justify the confiscation.
Quote I have provided you with reasons, you simply choose to ignore them because it doesn't fit the pre-conception fixed in your mind that it's all the RFL's fault.'"
I provided facts. Or deductions which could be either proved by or refuted by facts provided in answer to my questions. Mr Dweeb declined to provide any facts though.
Quote You haven't provided facts, you've proffered an opinion based on a fixed view.'"
The bit about the P&A charge on OKB is not relevant, as it clearly relates to ensuring the purchase consideration was paid. The Joint Administrators' progress report makes clear there was a dispute over payment of the final part of that, which was not resolved till a long time afterwards - a subject that has been raised on here anyway in the past.
Quote It's entirely relevant. You've said the fees were limited to £133k and were paid from the money deposited in the administration account by OKB. How much was deposited in the administrator account? It was far more than £133k and a large sum was paid in several months after the takeover. Where did those funds go, if not to P&A? No creditors were paid a penny remember.'"
He alludes for the first time to the "close relationship" between Caisley and Guilfoyle, and seems to be suggesting some kind of collusion and factual inaccuracies in the latter's reports? Now I bow to no one over concern over Caisley's actions over the whole period, as regular readers will be very much aware. So I would be very interested indeed in any facts in this regard that Mr Dweeb may wish to share with us. Unfortunately, all we have is vague allusions. And anyway, since Caisley was never a director over the period, why would this be relevant to securing advances of money off the RFL?
Quote Perhaps the threat of immediate liquidation by Guilfoyle is something you may wish to consider?'"
Mr Dweeb's allegation seems to amount to the RFL having advanced far more money to BBH than has been recorded or stated anywhere, without any kind of security, and that money was lost when BBH went into administration. Yet, should this be the case, he has advanced no proof whatsoever of it nor do any facts in the public domain support the allegation. He seems completely unable to back up his allegation.
Quote No security was required because it was clear the money would not be repaid by BBH. The RFL had the security of being able to balance the books by withholding future monies.'"
I would be tempted to leave it at that. But, since he seems to feel so strongly about something he seems unable or unwilling to back up with facts, I guess you have to wonder if there is something else he is not saying that May be relevant?
Now the only other monies we KNOW we're paid to BBH by the RFL were for the purchase of the Odsal lease. At a "commercial value", which gave about another £1/2 m to BBH after the loans were repaid. Is he suggesting that maybe this was other than a transaction at commercial value? And that it was some part of THESE monies that the RFL was seeking to recover? Yes or no please, Mr Dweeb so we can either consider or discount this possibility?
Quote Perhaps BBH failed to pay the lease once that deal was completed?'"
Now if, perchance, he IS alluding to this, then there are some significant implications. Firstly, that the positions of those at the RFL who agreed to the transactions would clearly be totally untenable? Surely the confiscation was not engineered just to allow some officials to keep their jobs?
Quote Oh dear, it's all the RFL isn't it?'"
But secondly, if the confiscation WAS perchance to recover the money paid for the Odsal lease? Then once the confiscation period is complete then the Odsal lease should revert to the owners of the club, who will effectively have paid to buy back the lease through the confiscation of Central funding?
Quote You've simply added the circa £300k to the lease figure and come up with 5.'"
Now surely this is all too improbable to have any basis in fact? Yet Mr Dweeb has advanced no other plausible justification. So, frankly, I remain very puzzled indeed as to why he should have made the allegation.
Quote As opposed to your allegation that it's all the RFL's fault Bradford Bulls are currently in.for the position they are? Had the RFL not loaned the £700k and then bought the lease, there would be no club. The requirement for loans shows the level of indebtedness the company faced, and the unwillingness of the directors & shareholders to cover those debts, this despite their business model being the reason why the club was in such a position. But it's all the RFL's fault. it shouldn't have stepped in when it did. If it had just stayed away, everything would be fine.'"
'"
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| Quote ="LeagueDweeb"So it's all the RFL's fault for digging one of the biggest names in the game out of a hole? They should have said no & let Bradford Bulls disappear? Because that is what would have happened.
Imagine the reaction if the RFL had not acted as they did and it became public.'"
G'day Blake
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| Dweeb is now reduced to doing his best Violet Elizabeth Bott impersonation of going off in a huge sulk, stamping his little feet because the nasty men are asking him hard questions.
Dweeb has posted NOTHING but this sort of rant for several pages now, and it is clear he is a busted flush, so Dweeb I suggest back in yer box unless and until you calm down enough to at least try to frame a response to something like 30-odd specific and sensible direct questions posed to you.
Tip 1: Responding to any question with some other waffling rhetorical question doesn't count.
Tip 2: Replying with "What questions haven't I answered" doesn't pass muster either. The answer is basically "none so far"
But you could start with my question as to your claim that RFL is not a creditor of OKB and whether their claim of around £900k in the administration is therefore fraudulent. Like all the other questions, you either skirt round them, like some border collie on amphetamines, or else pretend they were never asked.
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| Quote ="LeagueDweeb"Any evidence of this being the case? Or is it just another chip on the shoulder urban myth?'"
There is enough in the press over the pas 2 years stating the clubs shared the Bulls share of the central funding.
If this was not the case, the RFL would have set the records straight, as the decision to let the clubs decide what happened to the cash makes them look weak and unbiased.
Do you have any proof which backs up your argument that the Bulls share of the central funding did not go to the SL clubs? Thought not!
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| You've lost the plot, Dweeb.
The administration receipts and payments account is a matter of public record. I am looking at it now. The figures are as I stated. Are you accusing P&A of presenting an incorrect or even fraudulent report? I have accused them of all manner of things, but deliberate falsification of a legal document would never be one of them.
All you have done is seek to justify why the RFL confiscated c.£1.3m off future, and blameless, owners, without providing ANYTHING to support the reason for that amount.
Yet it was YOU who stated, right at the start [i"It wasn't a fine as there is nothing in the operational rules regarding financial punishment. It was the RFL recouping the huge amount of funds it had to pay the administrator to prevent liquidation".[/i I think I have demonstrated that it most definitely cannot have been that. Which makes you either mistaken, seriously disingenuous or a liar.
You seem to be acknowledging, absent any rebuttal, that the confiscation WAS connected with the buying of the lease. Yet are silent on the consequence that I pointed out.
You are also resorting increasingly to the last refuge of those who are losing the argument, and putting up increasing numbers of straw men. Kindly cease attributing to me - and others - statements we have not made, and opinions we have not expressed. It is dishonest, and frankly undermines any remaining shreds of argument you may have.
You state that had the RFL not made loans to BBH in 2012 then bought the lease, then there would have been no club.
No.
BBH would have gone into administration.
HOW THE HELL do you know that no-one would have come in for the club, to acquire the assets and carry on? Given that that is precisely what has happened TWICE since then, with the club in a FAR wporse position AND with the masive financial confiscation hanging over the head of any new owner, it BEGGARS BELIEF that no-one would have come in!!! Indeed, the common asumption was that no less than Mr Caisley would have done precisely that and maybe indeed was intending to do precisely that.
You allege the rent was not paid post-purchase - another new allegation. Fine. So where the hell is the RFL as a creditor in the list of creditors at date of administration that I am looking at? Surely the rent will have been invoiced? Like any normal commercial business would do? And anyway, at £78k p.a. we are hardly talking huge amounts. And
For the avoidance of doubt, I have not, ever, anywhere, blamed the problems of the club on the RFL.
I have stated:
1 - that the actions of the RFL, in making the secret loans and then taking the stadium lease, made a bad situation (not of their making) far far worse. As a minimum, all it did was pushed back insolvency by a few months, in which time the situation became far worse and the toxic situation between major shareholders went nuclear.
2 - that the subsequent confiscation of c. £1.3m from prospective future purchasers - a confiscation that you have failed to justify in any meaningful way - was an absurd decision. It made life extremely hard indeed for blameless new owners, punishing THEM for the sins of unconnected predecessors.
EDIT: just to repeat what I said right at the start, to knock down your straw men:
[i
FWIW, I am expecting that, when history comes to be written, the actions of the RFL over a protracted period (including approving OK as an appropriate new owner) will be seen to have turned an ongoing crisis (a crisis, let's be clear, caused entirely by incompetant and irresponsible club managements and ownerships not the RFL) into a total unmitigated disaster.[/i
I really hope that you are just an apologist for the senior officials at the RFL, and not actually one of them as has been alleged. Because, if you are inded one of the latter, then it sadly demonstrates just what sort of people are running the show.
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| Quote ="LeagueDweeb"So in essence you are saying that because the RFL advanced circa £300k to P&A, there was a punishment of £1m which was distributed among the other Super league clubs?
Any evidence of this being the case? Or is it just another chip on the shoulder urban myth?'"
Are you seriously suggesting that that "redistribution" did not happen? That all the other clubs have colluded to make up a story about sharing Bradford's sky money?
How bizarre!
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| Oh, and one last point.
If, as you allege, the confiscation from the subsequent purchaser was effectively to recover funds that the RFL had advanced to BBH and not recovered, then would it not be fair to say that this would just HAVE to be taken into account by a subsequent purchaser in the purchase consideration?
And that, therefore, the consideration was likely to be considerably less than it might otherwise have been?
Which meant that additional funds that might have been available to pay a dividend to the creditors were not there?
Because the RFL had engineered a way to get paid in full?
Now that might be a bit more complicated than a normal "fraudulent preference", and therefore a little harder for an administrator or liquidator to recover. But I suspect such an action could be well open to legal challenge?
And, just think: All the trouble that could have been avoided, had the confiscated funds been placed into a trust to provide for settlemement of the creditors...
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| Not only that Adey, but if the Bulls are in the process of paying back the 1.3 million to the RFL, then this must cover almost 2/3 of the overall debt attached to the last (or one before(even 1 before that)) administration, meaning we should be due some points back in our appeal!
Unless, the RFL are suggesting that they are not an actual creditor (just a pretend one that wants its 1.3 million back).
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| Must admit, if What Dweeb says is the official RFL line, then if I was HMRC or one of the other major creditors, I would be asking my lawyers to check out what might be deemed to constitute a "fraudulent preference". But I suppose the action of the RFL distributing the confiscated share to the other clubs, giving them the same net outlay and therefore not having actually enjoyed any preference, would be the defence?
Funny, that.
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| Well, at least we've learnt how many times the same unsupported, demonstrably taken apart rubbish can be reposted and it appears to be ad nauseum.
If the Dweeb is they guy from the RFL working on the case, we now know why there has been no work done in the case of the lies told to the RFL enquiry into the Kopczak transfer, which blew open after Keith Mason took the club to court; he's spending too much time on the internet!
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| Adey, are you solar powered?
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| Rarely post but read most days, had to come on to say welcome back Adey, great posts re Mr Dweeb.
PS If Mr Dweeb is part of the RFL, I think one of his colleagues ought to take that shovel off him sharpish.
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| The dangers of trying to be a good Samaritan - if you see an animal dying of self inflicted wounds just put it down - it will save a lot of trouble down the line.
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| I know where you're coming from, but he's digging a hole big enough for Nigel to fall in.
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| Quote ="M@islebugs"They'd have gone into administration somewhere between September and December 2011. The RFL wouldn't have seized the ground lease and £500k of supporters money wouldn't have been lost to no effect. I've had it confirmed by a rugby league journalist and someone close to Gary Getherington that the loan plus ground lease 'purchase' incensed the clubs and led them to vote for the new owner to be punished by keeping half the Sky money and sharing it between them.
Had the RFL not lent Peter Hood the money within weeks of giving the club a Grade B license, had they ordered an audit or an extraordinary meeting of the shareholders to raise capital, or indeed any combination thereof, there is probability that the club would still own the lease, the new owner wouldn't have been punished to the tune of £1.3 million and the club wouldn't be where it is in the first relegation season for years.
It was a bizarre decision, which only came out when the great 'Odsal vulture circling lie' was being told to cover what was essentially asset seizure.
The RFL are not the root cause of this fiasco but they have made it considerably and probably irreparably worse. They certainly lied about the Odsal purchase and likely lied again in respect of their role in the second administration.'"
This needs repeating.
Lets be clear. The Bulls problems are the fault of the Bulls,no-one else, it was gross mis-management from the peak of 2003/2004 (IMHO - this should have been the point in time we restructured for the long term, but hindsight is often 20:20) However, the RFL and others actions, whilst maybe trying to help in the best way, ultimately made things much worse. With hindsight we clearly should have been allowed/forced to go bust and reform before the secret loan and Odsal theft. It was help, but misguided help for the long term, that might sound ungrateful (like I give a.... before anyone bothers to call me on it) but the evidence of how misguided the help ultimately was is being played out week by week right now and will result in us being relegated.
Cheers to Adey, FA, daveyz999 for the excellent contributions, and cheers also to Mr Dweeb for filling up an otherwise dull hour. I do still wonder what would be happening now if Mrs Koucash or the secret texas billionaire had got involved....At least I'm looking forward to Saturday at the Eithad, should be lovely weather too! Excellent.
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| Quote ="Ferocious Aardvark"Dweeb is now reduced to doing his best Violet Elizabeth Bott impersonation of going off in a huge sulk, stamping his little feet because the nasty men are asking him hard questions.
Dweeb has posted NOTHING but this sort of rant for several pages now, and it is clear he is a busted flush, so Dweeb I suggest back in yer box unless and until you calm down enough to at least try to frame a response to something like 30-odd specific and sensible direct questions posed to you.
Tip 1: Responding to any question with some other waffling rhetorical question doesn't count.
Tip 2: Replying with "What questions haven't I answered" doesn't pass muster either. The answer is basically "none so far"
But you could start with my question as to your claim that RFL is not a creditor of OKB and whether their claim of around £900k in the administration is therefore fraudulent. Like all the other questions, you either skirt round them, like some border collie on amphetamines, or else pretend they were never asked.'"
As already stated more than once, the RFL is a creditor of OK. He personally guaranteed the repayment up administration of OK Bulls within 2 years. The £900k figure was lodged with the administrator because the money went into OK Bulls coffers.
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| Quote ="Northernrelic"The dangers of trying to be a good Samaritan - if you see an animal dying of self inflicted wounds just put it down - it will save a lot of trouble down the line.'"
Indeed, that may well be the policy of the RFL in future. But then the fans of the next club will ask why they aren't being treated the same as Bradford Bulls.......
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| Quote ="daveyz999"There is enough in the press over the pas 2 years stating the clubs shared the Bulls share of the central funding.
If this was not the case, the RFL would have set the records straight, as the decision to let the clubs decide what happened to the cash makes them look weak and unbiased.
Do you have any proof which backs up your argument that the Bulls share of the central funding did not go to the SL clubs? Thought not!'"
Your proof that it did?
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| Quote ="LeagueDweeb"Indeed, that may well be the policy of the RFL in future. But then the fans of the next club will ask why they aren't being treated the same as Bradford Bulls.......'"
Why, will the RFL not advise the employees of other clubs to place the club into administration to rid them of their employers? This is all based on hearsay, of course!
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| Quote ="colly226"I know where you're coming from, but he's digging a hole big enough for Nigel to fall in.'"
If I remember correctly it's called Odsal - and is there already!
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| Quote ="LeagueDweeb"As already stated more than once, the RFL is a creditor of OK. He personally guaranteed the repayment up administration of OK Bulls within 2 years. The £900k figure was lodged with the administrator because the money went into OK Bulls coffers.'"
If we leave the £900,000 figure you keep referring to, lets look at the £1.3 million the bulls are still paying back the RFL (apparently). Was this lodged officially on the creditors report when the original administration took place? I didn't think it did....... Otherwise it would have (correctly) been written off as part of the administration.
Your figures still don't add up - the Bulls never received payments adding to £1.3 (excluding the sale of the Lease). The only evidence you attempted to put forward was that Gargoyle somehow lied on his administrator report (with the aid of his buddy Caisley) which is a pretty serious allegation to make!
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| Quote ="LeagueDweeb"As already stated more than once, the RFL is a creditor of OK. He personally guaranteed the repayment up administration of OK Bulls within 2 years. The £900k figure was lodged with the administrator because the money went into OK Bulls coffers.'"
YET AGAIN you dodge the simple question.
YOU SAID the RFL is not a creditor of OKB.
I asked why then have they claimed £900K in the administration, albeit at the eleventh hour?
Whatever personal claims they may choose to try to pursue against anyone else is a separate matter entirely. Either they are owed £900K as they have claimed by OKB, or they are not. If not, then I repeat, have they lodged a fraudulent claim, then?
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| Quote ="Duckman"This needs repeating.
Lets be clear. The Bulls problems are the fault of the Bulls,no-one else, it was gross mis-management from the peak of 2003/2004 (IMHO - this should have been the point in time we restructured for the long term, but hindsight is often 20:20) However, the RFL and others actions, whilst maybe trying to help in the best way, ultimately made things much worse. With hindsight we clearly should have been allowed/forced to go bust and reform before the secret loan and Odsal theft. It was help, but misguided help for the long term, that might sound ungrateful (like I give a.... before anyone bothers to call me on it) but the evidence of how misguided the help ultimately was is being played out week by week right now and will result in us being relegated.'"
Ergo those of us who stumped up to the £500k appeal contributed to the demise as well.
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