If I, myself, put hundreds of thousands of pounds of my own money into the club, together with my 2 mates, I would put up a bit of a fight before walking away.

I'd rather look at it from another angle. The new (now old I suppose) directors are all successful business men. Would they have put in loads of money without actually owning the club?

IMO, they were after the free ride!

No mate.

Omar Khan will not be coming back and taking on the day-to-day running the club.

They'll be one or two familiar faces (not Ryan Whitcut) along with the newly sourced investors taking pertinent positions on the new board.

The unfortunate timing of today's news means that a statement offering calcification won't enter the Public Domain until Friday at the earliest.

....

Is this all a bluff? Why did the RLF want Whitcut (Omar`s Stooge) out of the equation?
Omar is now stuck with something he wanted to step away from. If he wants to get his money back he will have to appoint people with better financial ability than his last lot, at least hopefully Whicut is out of the picture. What can the guy do? He`s pushed into a corner. The only way he can retrieve his money is to make it work with people who know what to do. If the club goes under he`s lost. Surely he`s not so daft. Maybe hopefully things will be sorted.

Today's developments are positive developments, trust me.

""We have all personally invested a substantial amount of money into OK Bulls and have worked tirelessly to turn the club around, with a focus of making it self-sustainable."

Taken from the press release. It sounds to me that there was money invested, but, into the club not OKs pocket.... It is going to be an interesting few days.

I believe that the directors did part with substantial amounts of money. Perhaps the reason they found it easy to leave is because they were being asked to bankroll the club while OK kept control of the shares.

What is evident from this thread is that you fans are being totally kept in the dark. The diametrically opposed views all depend on whose spin you believe. I think you need a public forum with ALL the interested parties open to questions. What a bloody shambles! Good Luck.

Mick what did you edit on my post

Check your private messages.

Why should they pay him?

As a director you take a risk when make a director's loan and you can only hope to get it repaid if the company reaches a financial position to be able to repay it. Just putting the money in doesn't entitle you to get it back.

As regards paying him, what are they paying for? A huge debt and a load of grief? Anything, shares included, is only worth what someone will pay.

It's common practice. Who in their right mind is going to buy the a loss making entity and it's liabilities for a substantial sum.

They wouldn't be getting a lot for their money.

Shares should have been signed over for nominal fee say 1p

Mick I haven't got a private message

Why, are you a doctor?

Apologies for your uncertainty at this time of year - and best wishes for your future.
I come in peace.
Without following this saga closely I am confused as to the shareholding bit.
Some months ago - either before or after the Fit and Proper person test was done the local press reported that Whitcut
was co-chairman and majority shareholder - [url=http://www.thetelegraphandargus.co.uk/news/10804044.Bradford_Bulls_co_owner_quits_after_failing__fit_and_proper_persons__test/?ref=rcHERE[/url
At this point OK was 'no longer the owner' so presumably he was happy with Whitcut before the RFL knocked it back on the FPPT.
The 3 who have now stepped down were brought to the club by Whitcut (?)
Is it right that they have been working without having any controlling interest in the club ?
Does Sutcliffe the MP have any shareholding ?
Wasn't it the American soap that had the tagline - Confused ? You will be.
There are a huge number of questions that could be asked of all parties in this scenario.
Once again - Good luck.

Wait, Mick says there's new investors lined up?

So what do these investors do? Pump in some money, the majority shareholder then takes it back out as drawings or as a repayment of all or part of the loan he made.

That's not an investment, that's moving the problem from one peg to another.

As usual Gledhill rocks up with a "I know something you don't" act and gathers attention due to it.

The situation is a farce, I don't think the latest set of directors did themselves any favours by saying at the fans forum that OK wouldn't be getting a penny.

Sorry for sticking my oar in, been a regular reader. But generally kept quiet. All the best, Merry Christmas

I think Micky G is trying to show all is not gloom and doom, but he has to respect the confidentiality of the situation.
It seems like (my assumption) the Club still has a lot of short term debt and M C & W were using it to get OK's share for a lot lower valuation, OK is still a businessman who wasn't going to blink first and didn't.
It made me wonder when Ryan Duckett turned down the chance to come back, I suspect he read between the lines that the situation was still fluid!

Micky G shouldn't really know anything that is going on at the moment unless he is being used or allowing himself to be used 'solely' as a propaganda outlet

Jesus, anybody expected to believe anything that comes from you?! It's quite amusing how unaware you are that you are forever used as a mouthpiece for positive spin by various factions within the Bulls hierarchy.
Absolute joke of a man, you ing blowhard.

We have one just the same as Mick at Hull KR,100% behind the club but thinks he is the dogs doo daas .....

Absolute shambles really makes me ashamed to be Bulls fan, the people who have run our club for past eight years should f*cking ashamed of themselves, R.I.P Bulls

Whatever's gone on or who's to blame the simple fact is that now customer and more importantly sponsor and investor confidence in bradford bulls must be at zero.

Unless someone is about to pump in a load of their own cash and not loans then they are neither use not ornament right now.

And putting out rumours of investors being lined up is a. the oldest trick in the book and a bit passed it's sell by date and b. an insult to fans intelligence.

Until this is resolved I'll be saving money and not eating at omars restaurants.

Where's the MP by the way?

Happy Christmas Bulls fans. It's going to be a long season, if we even ever get to start it....

Why are people having a go at Mick , he probably knows a bit more than most of us.

Merry Christmas everybody