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| Quote ="Ferocious Aardvark"Utter, total, unmitigated nonsense. Full stop.'"
Get off the fence and stop beating about the bush, man!!!
As a minimum, you should have added "complete absolute bollox" (parenthesis) in there somewhere... |
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| Quote ="Adeybull"Actually, I agree with FA. You talk out of your back passage. Although it sounds more like diarrhoea than talk to me.
No. Bradford Bulls (Holdings) Ltd went bust.
So what were we watching on Saturday then? No, the "going concern" of any business activity can be sold. And very very regularly IS. As happened in this case. The alternative is to sell the assets piecemeal, and last time I looked I did not see one man walking off with the Coral Stand and a different man walking off with the goalposts. Now, FA is a lawyer with many many decades (
 ) of experience. I am an accountant with, likewise, more decades of experience than I care to remember. I'd suggest if you want to take us both on you had better be VERY sure of your facts, sunshine?
Not having a good day, are you?
Firstly, the reported debts are not £1,5m. If you want to quote sloppy T&A reporting then do it on your own time. (The value in the Statement of Affairs is £1,328,864 - the T&A reporter clearly did not understand what share capital is. And I can see around £100k of the creditors that crystalised only on insolvency.)
Secondly, the NewCo has "ditched" NOTHING. It has no responsibility whatsoever for any of the existing creditors, and indeed did not even exist until last Thursday. And the NewCo is not in any way connected (as far as we are aware) with the former business, its directors or shareholders so we are not talking about a phoenix that rises under the same management like we see all too often, especially in pre-packs.
The debts remain with Bradford Bulls (Holdings) Ltd, and will be dealt with by the liquidator in due course.
Who has been "stitched up"? Had OK Bulls not come in, or a similar entity, the alternative was liquidation and piecemeal asset realisations. A worse, not better, outcome for the creditors. If you are going to make such libelous and outrageous statements, I suggest you explain very clearly just how you have reached your conclusion - and how you propose to back it up.
If the creditors and the taxpayer have indeed been "stitched up" that will have been because of the collective responsibility of the directors (in various configurations - remember the board that appointed administrators was not the same board that had been running the business while it got into the mess, but no-one forced them to oust the previous lot) and most especially the shareholders, whose actions and/or lack of actions are the real root cause of all this IMO. So how about you go spill your bile on THEM? Albeit you will be a long way back in the line. Seeking to pin any blame on Mr Khan is at best indicative of a total lack of understanding of the insolvency process and legislative background, and at worst dishonest trolling of the worst kind.
Where do you get £1.5m from? (See above).
Did you say the same about Wakey when they went bust (twice)? I recall their two-man catering supplier losing £19k the previous time time that club fell over. Or the £1/2m that London defaulted on to the taxman when THEY fell over? Or Widnes or Hull KR or any of the other clubs that have done likewise in recent times. Or is it just because it is Bradford? Hmm?
It rather seems that by the time the baord realised that 2012 income was going to fall well shoert of expectations, it was far too late to reduce the player spending - contracts were signed and in place. With other clubs up to salary cap or full quota, just how exactly was the club expected to cut its costs overnight? And there is sod all else anywhere that material savings could be made -the issue was not one of excessive costs, more of insufficient income. In the middle of the worst recession since the 1930s, in a city that has suffered more than most, and without the wealthy owner of most of our peers to underwrite the shortfall, I just wonder what the likes of you would have done?
And incidentally, the 2010 accounts showed a loss of around £300k. 2010 being the depths of the recession, you may recall? The general prognosis at the time was for a gradual pick up in the economy, so I suspect that that loss was not seen as any reason to panic at the time. Things clearly got a lot worse pretty quickly - it was only a very few seasons ago that we were remarking that Bulls were one of only two SL clubs to be reporting a profit.
I am on record as being violently opposed to a phoenix business under the same or similar ownership using insolvency as a way of clearing the decks and starting again with an unfair advantage. In any industry or field. This is not a phoenix though. It is actually a rescue to save a long-established business, and a considerable number of jobs, in precisely the manner envisaged by the Enterprise Act 2002 and the insolvency legislation and environment generally.
Creditors getting hammered is unfortunately part and parcel of business life - there are plenty far far bigger businesses that have contributed to that. It is not fair, but then neither is a lot else. And it is the repsonsibility of those who were running the show at the time. So, as I said earlier, I suggest you go and take your anger out on them. And not on anyone else who is blameless in the whole affair.
And if you insist on continuing to make yourself look such a total prat, do it someplace else on your own time, there's a good chap?'"
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| Quote ="tigertot"Can I just point out that in your, otherwise excellent, response you should have started the third sentence in paragraph four with a cpital Lettre?'"
Pident. |
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| Quote ="Adeybull"Actually, I agree with FA. '"
As, sooner or later, everybody does 
Quote ="Adeybull"Now, FA is a lawyer with many many decades (
) of experience. ..'"
Oy! I'm 29. |
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| Quote ="tigertot"Can I just point out that in your, otherwise excellent, response you should have started the third sentence in paragraph four with a cpital Lettre?'"
No I'm sorry, there isn't time. |
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| Quote ="Adeybull"icon_surprised.gif44ybigqActually, I agree with FA. You talk out of your back passage. Although it sounds more like diarrhoea than talk to me.
No. Bradford Bulls (Holdings) Ltd went bust.
So what were we watching on Saturday then? No, the "going concern" of any business activity can be sold. And very very regularly IS. As happened in this case. The alternative is to sell the assets piecemeal, and last time I looked I did not see one man walking off with the Coral Stand and a different man walking off with the goalposts. Now, =#FF0000icon_surprised.gif44ybigqFA is a lawyer icon_surprised.gif44ybigqwith many many decades (
) of experience. =#FF0000icon_surprised.gif44ybigq I am an accountant icon_surprised.gif44ybigqwith, likewise, more decades of experience than I care to remember. I'd suggest if you want to take us both on you had better be VERY sure of your facts, sunshine?
quote
That explains things then
Lawyers deal with minute pieces of information to prove bollox , Accountants know the cost of everything and the value of nothing
Quote icon_surprised.gif44ybigqFerocious Aardvark wrote:There are no fall guys. If a club put in a manifestly better =#FF0000icon_surprised.gif44ybigqapplicationicon_surprised.gif44ybigq, but were refused despite their =#FF0000icon_surprised.gif44ybigqapplicationicon_surprised.gif44ybigq being a far better prospect than Bradford, then they would be a fall guy.
You are not thinking straight. Either there is a better bet for SL than Bradford, or there isn't. This does not put the whole priociple of "licencing" in question, on the contrary, it is the whole firkin point of licencing, to get the best '=#FF0000icon_surprised.gif44ybigqapplicant'icon_surprised.gif44ybigq.'" icon_surprised.gif44ybigq
Quote STARBUG No , the WHOLE FIRKIN POINT OF LICENCING IS WE SHOULDNT BE HAVING A MID LICENCE PERIOD APPLICATION PROCESS YOU FIRKIN NUMPTY
WE ARE BECAUSE YOUR FIRKIN USELESS CLUB MADE A FIRKIN MESS OF HAVING A LICENCE IN THE FIRST FIRKIN PLACE
HTH '"
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| Quote ="Starbug"'"
Ha ha, seething! |
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Quite amusing, if a bit sad, watching someone make a total prat of himself chucking teddy out of the cot, is it not?
Not sure why he saw fit to make disparaging comments about lawyers and accountants though - not that I actually do that much accounting, although I can't comment on how much soliciting FA engages in. I guess you could understand it a bit more if FA and I had disparaged ässholes, and he was just returning the compliment?
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Bless him.
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| Quote ="Adeybull" I guess you could understand it a bit more if FA and I had disparaged ässholes, '"
I would try vaseline, it's a relief or so I'm told. |
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| Quote ="Adeybull"Quite amusing, if a bit sad, watching someone make a total prat of himself chucking teddy out of the cot, is it not?
Not sure why he saw fit to make disparaging comments about lawyers and accountants though - not that I actually do that much accounting, although I can't comment on how much soliciting FA engages in. I guess you could understand it a bit more if FA and I had disparaged ässholes, and he was just returning the compliment?'"
Surely you should say "alleged" soliciting - I believe the charges were dropped |
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| Quote ="tigertot"I would try vaseline, it's a relief or so I'm told.'"
It shurely can't be a coincidence the "bull" is "lube" backwards.
Starbug's just the sort of hypocrite that whenever he's had or has a legal or accounting problem, there he is, straight round the accountants or solicitors, nicey nicey, all handshakes and "How are you?", obsequiously fawning and grovelling. You can bet the two-faced get never makes his views known to them.  |
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| Quote ="jockabull"Surely you should say "alleged" soliciting - I believe the charges were dropped
'"
The charges never were dropped, but as I sit here in the Ecuadorian embassy typing this, I can assure you that I never had sexual relations with that woman, and it is all a farce to try to extradite me to Ilkley. I won't go. |
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| Quote ="Adeybull"Quite amusing, if a bit sad, watching someone make a total prat of himself chucking teddy out of the cot, is it not?
Not sure why he saw fit to make disparaging comments about lawyers and accountants though - not that I actually do that much accounting, although I can't comment on how much soliciting FA engages in. I guess you could understand it a bit more if FA and I had disparaged ässholes, and he was just returning the compliment?'"
Well, there really is no accounting for the amount of soliciting some folk get up to Adey, but what goes on behind closed doors is nobody's business I guess.. |
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tigertot has explained to me that technically, you wouldn't apparently get much "business" soliciting behind closed doors, it is apparently an outdoor activity. I don't know how he knows so much about it, or why he said "business" in quotes, but whenever he's at the Fighting Cock, he does seem to spend an unusual amount of time on the pavements outside.
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| Quote ="Ferocious Aardvark"tigertot has explained to me that technically, you wouldn't apparently get much "business" soliciting behind closed doors, it is apparently an outdoor activity. I don't know how he knows so much about it, or why he said "business" in quotes, but whenever he's at the Fighting Cock, he does seem to spend an unusual amount of time on the pavements outside.'"
It was his apparent intimacy with Vaseline that concerned me the most. |
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| Quote ="Adeybull"It was his apparent intimacy with Vaseline that concerned me the most.'"
In case it rubbed off on you & FA??  |
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| Quote ="Ferocious Aardvark"tigertot has explained to me that technically, you wouldn't apparently get much "business" soliciting behind closed doors, it is apparently an outdoor activity. I don't know how he knows so much about it, or why he said "business" in quotes, but whenever he's at the Fighting Cock, he does seem to spend an unusual amount of time on the pavements outside.'"
It takes my mind back to 20 years ago when I first arrived in Bradford. Being extremely popular I was invited down to the FC one night of my first week. A colleague dropped me off on the corner outside the FC & drove off. It was about 9pm on a cold, damp November evening. It did cross my mind I could have mistakenly stumbled across a satanic cult & I was going to die.
Then I opened the door........... |
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| Quote ="Adeybull"It was his apparent intimacy with Vaseline that concerned me the most.'"
A mate once rubbed Winter Green on my nads after a game. I made the mistake of trying to wash it off. |
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| Quote ="tigertot"A mate once rubbed Winter Green on my nads after a game. I made the mistake of trying to wash it off.'"
It could have been worse it could have been Horse Linement! |
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| Quote ="Blotto"It could have been worse it could have been Horse Linement!
'"
The chicks I know say he should have used that. =#FFFFFFNot. |
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| Quote ="tigertot"It takes my mind back to 20 years ago when I first arrived in Bradford. Being extremely popular I was invited down to the FC one night of my first week. A colleague dropped me off on the corner outside the FC & drove off. It was about 9pm on a cold, damp November evening. It did cross my mind I could have mistakenly stumbled across a satanic cult & I was going to die.
Then I opened the door...........'"
Was that before or after the the council health dept told them to sweep up the sawdust?
Big Jim wondered what sawdust, 'cos he just though of it as yesterday's furniture... |
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| Quote ="Adeybull"It was his apparent intimacy with Vaseline that concerned me the most.'"
A mechanic I used to know said he used Swarfega, as he could nick as much as he wanted from work so it was free, and he reckoned it was win-win as he didn't heed to wash it afterwards.
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| Quote ="Ferocious Aardvark"A mechanic I used to know said he used Swarfega, as he could nick as much as he wanted from work so it was free, and he reckoned it was win-win as he didn't heed to wash it afterwards.
'"
Too much information, FA..far too much, thank you!! |
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| Quote ="Ferocious Aardvark"A mechanic I used to know said he used Swarfega, as he could nick as much as he wanted from work so it was free, and he reckoned it was win-win as he didn't heed to wash it afterwards.
'"
Is your avatar his friend on the receiving end, so to speak? |
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) of experience. I am an accountant with, likewise, more decades of experience than I care to remember. I'd suggest if you want to take us both on you had better be VERY sure of your facts, sunshine?
