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| Quote ="daveyz999"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!'"
Where do you get your £1.3m figure from? The money was paid to OK Bulls, hence it appears in the financial statements as revenue for the company. It has to be lodged are revenue for the RFL to be ale to pursue repayment from the guarantor. The RFL is a creditor of OK.
The central funding given to OK Bulls wasn't guaranteed by the company, nor is it owed by the company.
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| Quote ="Ferocious Aardvark"d040.gif
He doesn't need to provide "proof" of something which is 100% common knowledge. Or, if you genuinely do not know this, then you are the only person who doesn't. Stop wasting people's time with such asinine "questions". Or do you deny that the clubs distributed the Bulls' share between themselves?
Seriously dweeb if so you have totally lost the plot.'"
If it's common knowledge, you'll have no problem whatsoever in providing proof this event happened?
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| Quote ="LeagueDweeb".. It has to be lodged are revenue for the RFL to be ale to pursue repayment from the guarantor. '"
Wrong.
Quote ="LeagueDweeb"..The central funding given to OK Bulls wasn't guaranteed by the company,'"
Wrong. Again.
Quote ="LeagueDweeb".. nor is it owed by the company.'"
Wrong.. full house! Well done!
It is actually a bit worrying that you can just come on here and baldly make these false statements as if you have information, when actually you're just making it up!
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| Quote ="LeagueDweeb"If it's common knowledge, you'll have no problem whatsoever in providing proof this event happened?'"
Just for you:
Quote ="Telegraph & Argus"
(taken from Timeline of relevant events)
27th March 2014
September 12: Khan’s takeover of the club is ratified by the Rugby Football League. The Bulls agree to forfeit half of their central monies from the RFL for 2013 and 2014, with the money (£1.2million) shared out between the other 13 Super League clubs.'"
Quote ="BBC Sport"
25 February 2014
...the club was having to operate on only half the central distribution funding, with the rest of the Super League clubs sharing the other half'"
Quote ="Mail Online"
29 January 2013
Bradford owner Omar Khan has condemned his club's Super League rivals for pocketing the television income forfeited by the Bulls.
...speaking at Bradford's pre-season media day at Odsal, Khan said he was disappointed with the actions of the other 13 clubs in voting to divide Bradford's allocation of around £1million.
He hit out at their 'selfish' attitude and claimed the money ought to have been used for the overall benefit of the game.
'When you come out of administration, you need all the help you can get but the money was split between the clubs, which was very disappointing,' he told Press Association.
'There were two or three clubs that didn't want that money, they wanted to support the club which was very good of them. But the rest wanted that money.
'It doesn't make sense to me. If that money had gone to make the game bigger it wouldn't have bothered me.''"
Quote ="TotalRL.com"
Mark Moore interview
25 February 2014
“It needs to be pointed out also that this is the first relegation season for a number of years and the club has been functioning on only half of the central distribution funding for two years.
“It is equally important to point out that every other club in Super League is currently sharing the other half of the distribution money.'"
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| Quote ="LeagueDweeb"Where do you get your £1.3m figure from? The money was paid to OK Bulls, hence it appears in the financial statements as revenue for the company. It has to be lodged are revenue for the RFL to be ale to pursue repayment from the guarantor. The RFL is a creditor of OK.
The central funding given to OK Bulls wasn't guaranteed by the company, nor is it owed by the company.'"
The 1.3 million has nothing to do with OK, please keep up. This is what 'you' have previously stated the club received from the RFL to fund the club during the initial administration, hence why the club has had it's funding cut in half. (although as Adey has pointed out the figure on the administrators report only claims a figure of around £400,000)
Now please re-visit my initial question and re-answer.
Quote ="Me"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 ="Bullnorthern"OK Bulls and OK are separate legal entities. The administrator meeting demanded by OK and organised by Wilson as administrator was in respect of OK Bulls Ltd in administration. The RFL allege they have an agreement with OK (NOT the limited company) to repay advanced monies if the company entered administration within a certain period.
Quote The RFL lodging notice of the guaranteed £900k was simply to have it on record that the money had passé through OK Bulls. By doing this OK could not challenge this due to no accounts being finalised'"
Were you at that meeting?It has been posited that you are possibly a certain Noble and Honest who has been strangely quiet since you arrived on our forum. He claimed at one point to be representing a creditor at that meeting.
Quote No idea what or who you are talking about'"
A general comment to you Dweeb. If you would care to research Adey' and FA's posts over the past few years on this subject you will see that , unlike you, as facts become available they do revise their opinions and analysis. One opinion which they share and has not changed over the past 24 months is that the prime reason for the periodic crises is mismanagement BY SUCCESSIVE BULLS REGIMES. That opinion is representative of the vast majority of Bulls fans. Not one Bulls fan who has commented on this thread has suggested it is all the RFL's fault. But most of us agree that some of the actions have not helped , however well intentioned.
Quote You see to be missing the fundamental point. Had the RFL said no to BBH when approached for the £700k loan, there was no place else to go. The owners and shareholders would not have put this money in themselves. Thus the lease, as the only asset would have been sold to raise those funds. That would then leave BBH in a position of having zero assets and a business that was continuing to trade, as the financial mess shows, at significant losses. A business with no assets and no funding sources does what?'"
Two final points.
Firstly please review and reconsider some of your more extreme descriptions of various characters in this saga. You are sailing pretty close to the wind.
Quote Descriptions of which characters? How?'"
Secondly I note you believe RW's allegations are so bizarre they do not deserve a response from the RFL. I recall the Met Police saying something similar when the Lawrence family demanded an enquiry
Quote Why should the RFL respond to the claims of an individual who is unable to pass the fit and proper person test to act as a director of a rugby league club?'"
'"
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| Changed my mind now, this fool does not have any association with the RFL, they would have shot him by now.
Going for a curve ball here, can any of the mods compare this posters IP address to that of the Wakey chairman who openly posts on their forum?
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| Quote ="LeagueDweeb"You see to be missing the fundamental point. Had the RFL said no to BBH when approached for the £700k loan, there was no place else to go. The owners and shareholders would not have put this money in themselves. Thus the lease, as the only asset would have been sold to raise those funds. That would then leave BBH in a position of having zero assets and a business that was continuing to trade, as the financial mess shows, at significant losses. A business with no assets and no funding sources does what?'"
You know this how - please provide evidence.
Oh you can't - thought not!
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| Quote ="daveyz999"The 1.3 million has nothing to do with OK, please keep up. This is what 'you' have previously stated the club received from the RFL to fund the club during the initial administration, hence why the club has had it's funding cut in half. (although as Adey has pointed out the figure on the administrators report only claims a figure of around £400,000)
Now please re-visit my initial question and re-answer.
Quote I've ever quoted the £1.3m figure. it has been used by other to quantify the amount of Sky money withheld from OK Bulls. What I have done is explain why funding was withheld from OK Bulls, not provided a quantum. The amount in the administrators report only refers to the money that went through the administrators account, not to anything that went into BBH. I have stated more than once a period of 6 months support. I have answered.'"
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| Quote ="tigertot"Ergo those of us who stumped up to the £500k appeal contributed to the demise as well.'"
No, that bought time, and supporters had precious little alternative at that point, but it used up nearly all our goodwill from our own fanbase and others. Whereas a [isecret [/iloan (which ed off all other member clubs) and taking of the lease (our only real tangible asset that lead to the bank problems) were business decisions by the rfl and the bulls where there were alternative courses of action, and more honesty, available.
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| Quote ="daveyz999"You know this how - please provide evidence.
Oh you can't - thought not!
'"
BBH approached the RFL because.....
Should the RFL have said 'No'?
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| Dweeb - you have added precisely nothing to the facts, and have answered precisely NO questions. Again. And continue to put your straw men back up even when I have flattened them. This is not a debate; it is an endless repetition by you of the same words, without anything meaningful to back them up.
All you have to do is answer my original questions - in particular, how much the RFL paid to BBH, BBH in Admin, Uncle Tom Cobleigh, Shergar, anyone...and did not recover, for the period up to 31/8/12. And how that compared with the normal funding that would have been due for the same period.
And compare that with the c.£1.3m that you stated unequivocally "[i...was the RFL recouping the huge amount of funds it had to pay the administrator to prevent liquidation"[/i
You really do throw out some disinegnuous irrelevancies though. Like...it is totally and utterly irrelevant whether (as would have been near-certain) BBH went from Administration to Liquidation. Totally and utterly irrelevant, because a new owner would have operated through Newco, to whom the business would have been transferred. The old company would of course have been liquidated. Either you do not understand how the process works, or you DO understand but are trying to muddle and confuse the issue for those who do not. Which one is it?
But, worst of all, even when people prove you just plain wrong, you continue to keep throwing out the same rubbish. As if, by keep saying it will somehow make it true. I PROVED to you what I said about who I blamed, and why. Yet you choose to ignore it and rant on regardless.
I really do hope you are not in any way asociated with the RFL. Since your clearly limited understanding of various insolvency, company law, commercial law and accounting matters - as well as your refusal to answer direct questions and continued dishonest attribution to people of statements they have not made and opinions they have not expressed - would give me serious cause for concern.
If you ARE associated with the RFL, I really hope for your sake you get a tap on the shoulder soon, telling you to stop digging. And, if you are NOT - isn't it about time you realised you caught a tiger by the tail, by coming on here an making sweeping, provocative statements that you cannot support?
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| Quote ="LeagueDweeb"
The RFL lodging notice of the guaranteed £900k was simply to have it on record that the money had passé through OK Bulls. ...
'"
"passé "?
Leaving that aside, NO. This just silly. The ONLy question in a creditor's claim in an administration is, is it a debt owed to the creditor by the insolvent company, or is it not?
There is no mechanism for such weird chicanery as you invent. The claims of creditors are just that. Claims to be owed a specific sum of money. Not some sort of "pass through" memorandum!
Quote ="LeagueDweeb"
... By doing this OK could not challenge this due to no accounts being finalised
'"
So that would be why he is challenging it, then?
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| Quote ="LeagueDweeb"I've ever quoted the £1.3m figure. it has been used by other to quantify the amount of Sky money withheld from OK Bulls. What I have done is explain why funding was withheld from OK Bulls, not provided a quantum. The amount in the administrators report only refers to the money that went through the administrators account, not to anything that went into BBH. I have stated more than once a period of 6 months support. I have answered.'"
Rubbish, you previously explained that the club had it's funding cut for a year, so the RFL could re-coup money paid for running the club up until the purchase by OK.
Which is just wrong, the RFL imposed a sanction on the OK which in turn guaranteed SL status, at a cost of 1 year of Sky funding, which just so happened to be shared out between other SL clubs.
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| Quote ="LeagueDweeb"BBH approached the RFL because.....
Should the RFL have said 'No'?'"
Thanks for confirming you canot prove your claim.
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| Quote ="daveyz999"Rubbish, you previously explained that the club had it's funding cut for a year, so the RFL could re-coup money paid for running the club up until the purchase by OK.
Which is just wrong, the RFL imposed a sanction on the OK which in turn guaranteed SL status, at a cost of 1 year of Sky funding, which just so happened to be shared out between other SL clubs.'"
I didn't introduce the quantum of £1.3m as a figure that the RFL had put in, or that was being withheld. I stated that the withholding of Sky money was the recouping of money the RFL put into BBH & P&A.
What was the annual central distribution figure to BBH & other clubs at that time?
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| Quote ="LeagueDweeb"
'"
ANSWER SOME QUESTIONS or STFU.
Enough of your smokescreening already
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| Quote ="daveyz999"Going for a curve ball here, can any of the mods compare this posters IP address to that of the Wakey chairman who openly posts on their forum?'"
I have done that but I'm not permitted to say when people have duplicate accounts or if they are trying to hide their real name.
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| Quote ="LeagueDweeb"I didn't introduce the quantum of £1.3m as a figure that the RFL had put in, or that was being withheld. I stated that the withholding of Sky money was the recouping of money the RFL put into BBH & P&A.
What was the annual central distribution figure to BBH & other clubs at that time?'"
I'm not trawling back through your drivel, but you have previously stated the funding was not shared out between other clubs, as it had in fact paid back the RFL for what was owed to them.
Did you not?
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| Quote ="daveyz999"Rubbish, you previously explained that the club had it's funding cut for a year, so the RFL could re-coup money paid for running the club up until the purchase by OK.
Which is just wrong, the RFL imposed a sanction on the OK which in turn guaranteed SL status, at a cost of 1 year of Sky funding, which just so happened to be shared out between other SL clubs.'"
So in return for the RFL putting circa £300k into P&A, the RFL punished OK Bulls to the tune of (your figure) £1.3m and shared this between other clubs? And your evidence of this is?
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| Quote ="Pumpetypump"I have done that but I'm not permitted to say when people have duplicate accounts or if they are trying to hide their real name.'"
I'm happy with that, as long as you have done it!
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| Quote ="LeagueDweeb"... the RFL punished OK Bulls to the tune of (your figure) £1.3m and shared this between other clubs? And your evidence of this is?'"
Does each individual member of the forum need to post evidence of the clubs taking the distribution penalty and sharing it, or is it just that you are a goldfish?
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| [listSo a carrot is most often orange can you prove this.
Here is a thesis on carrots noting that they are now mainly Orange.
So let me get this straight, according to the thesis carrots are in the main orange? Can you prove that?
Here's a series of articles showing that over time the various colours of carrot have given way to the mainly orange variety.
I'd like to see your proof of that.[/list:u
Repeat as required.
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| Quote ="daveyz999"I'm not trawling back through your drivel, but you have previously stated the funding was not shared out between other clubs, as it had in fact paid back the RFL for what was owed to them.
Did you not?'"
There are some, including yourself, who appear to believe that OK Bulls reduced funding was merely that money being shared out between other clubs. There has been no actual mention of how much this amounted to and when it occurred.
I have stated that the reduction in funding to OK Bulls is as a result of the total amount of money the RFL forwarded to BHH & P&A.
No one quoting the £1.3m figure appears to have any source for it's validity.
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| Quote ="Pumpetypump"[listSo a carrot is most often orange can you prove this.
Here is a thesis on carrots noting that they are now mainly Orange.
So let me get this straight, according to the thesis carrots are in the main orange? Can you prove that?
Here's a series of articles showing that over time the various colours of carrot have given way to the mainly orange variety.
I'd like to see your proof of that.[/list:u
Repeat as required.'"
In fact, carrots are not orange. Or any other colour. You perceive them to be orange but in fact all that is happening is that of the narrow band of optically visible light, the carrot's surface is such that it absorbs most of the spectrum, but reflects a small portion. The receptors in your eyes pick up this reflection and assign to it a code, which then is sent by your optic nerve to your brain which in turn produces a visual experience that you call "orange".
But it is lies.
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