www.bradfordbulls.co.uk/news/art ... hip-change Go into admin now to avoid points deduction in the season?

www.bradfordbulls.co.uk/news/art ... hip-change Go into admin now to avoid points deduction in the season?

So this being the case, don't the RFL have to accept the new bulls back in to SL? If I were the new owners I would simply refuse to accept the 50% cut in the TV funding. Good luck in dealing with that a week before the season starts RFL, you only have yourselves to blame for that boneheaded cut anyway.

www.london-gazette.co.uk/issues/60768/pages/1981

www.london-gazette.co.uk/issues/60768/pages/1981

If the new bulls are still trying to pay their outstanding debts, they probably will avoid any penalties, but without reducing the debts it seems a case of kicking the problem down the road again. If they've no money now when all the season ticket cash is in, 6 months from now they'll really be up against it

How can they possibly avoid a points deduction ?
Although nobody can blame the Bulls for fighting their corner, having been in administration (for whatever reason) means that they should be deducted 6 points.
There is sure to be some small print to allow the Bulls and The RFL to wriggle out of any due punishment but, it's sure going to be interesting to see just how the story goes.

I'm not saying I agree with it, but the season hasn't started yet, so could avoid it on that alone

Didn't the Crusaders get a four point deduction when they went into admin in the off season?

More to the point. Trinity were apparently advised that should they have chosen administration last year rather than raising funds to cover their deficit they would have been out of SL altogether. Considering the Bulls are worrying about a points deduction obviously means that their SL status is safe. Lots of questions to be asked?

It will be a good test of the new policy of "no safe teams"

and the only reason they are bothered about points deduction is everyones favorite subject : P & R !!!!

Absolutely stinks.

It's a joke and disgrace. Get Fev / Leigh / Halifax in.

What message does it send to prospective owners of clubs when they dont want to sell a club they will simply create a new club and transfer the assets? Or am i missing something maybe this is not the case here?

The points deduction as I understand it is up to 6 points. Not a straight 6 points. And it's dependant on paying your creditors. The more you can pay off the smaller the points deduction.

The people who did the transfer of the club were the board of directors of the old holding company, Ok Bulls. The RFL just approved the transfer, as club owners have to be approved, but would have no power to make the transfer themselves.

looks like it was triggered by HMRC. If they went into admin before season starts then the minimum should be a 4 point penalty..

Could be heavier sanctions if they fail to honour any agreements with creditors, writing off debts again and then want RFL handouts (rent on Odsal been paid ??) is a complete farce

So the owner of Ok Bulls got paid? or does he still own the new bulls?

Fairly unlikely from reading the information released, but as the owner of Ok Bulls, Omar Khan, appointed the directors to run the club as they saw fit. It appears the best way they could see to keep the club going was to transfer the assets to another company. If Omar Khan is unhappy with this, legal action will undoubtedly follow.

Sounds like there is a massive conflict of interest if the board members are the same on both companies so yes i expect this to be the case

The RFL 'operational rules' on finance have rules in place to ensure teams comply with their HMRC Obligations. rflmedia.therfl.co.uk/docs/Secti ... inance.pdf Maybe the new Bulls board should be more worried about the 'Misconduct' charge from the RFL for failing to keep to these rules? That in itself will be a sanction prior to any points deduction for administration. Also, weren't the Bulls on a provisional licence or was that threat removed?

The RFL 'operational rules' on finance have rules in place to ensure teams comply with their HMRC Obligations. rflmedia.therfl.co.uk/docs/Secti ... inance.pdf Maybe the new Bulls board should be more worried about the 'Misconduct' charge from the RFL for failing to keep to these rules? That in itself will be a sanction prior to any points deduction for administration. Also, weren't the Bulls on a provisional licence or was that threat removed?

The new bulls don't owe anything right now do they? They were an asset transferred to another company, why assume they transferred all the liabilities too?

If not and all the liabilities were transferred and will be paid off, what exactly are we asking the bulls to be punished for? The admin was simply a measure to facilitate the share transfer on that case

Correct

Quote ="Wadski"The RFL 'operational rules' on finance have rules in place to ensure teams comply with their HMRC Obligations. rflmedia.therfl.co.uk/docs/Secti ... inance.pdf Maybe the new Bulls board should be more worried about the 'Misconduct' charge from the RFL for failing to keep to these rules? That in itself will be a sanction prior to any points deduction for administration. Also, weren't the Bulls on a provisional licence or was that threat removed?'" The provisional licence was made a full licence part way through last year. As far as I know there isn't any legal mechanism for one company to pay HMRC due for another company, so it's difficult to see how they could comply given the current ownership, even though they have stated they intend to work with creditors.

Quote ="Wadski"The RFL 'operational rules' on finance have rules in place to ensure teams comply with their HMRC Obligations. rflmedia.therfl.co.uk/docs/Secti ... inance.pdf Maybe the new Bulls board should be more worried about the 'Misconduct' charge from the RFL for failing to keep to these rules? That in itself will be a sanction prior to any points deduction for administration. Also, weren't the Bulls on a provisional licence or was that threat removed?'" The provisional licence was made a full licence part way through last year. As far as I know there isn't any legal mechanism for one company to pay HMRC due for another company, so it's difficult to see how they could comply given the current ownership, even though they have stated they intend to work with creditors.

Thanks childofthenorthern. The HMRC isn't someone to mess around with and as you say, it's not easy to pay someone else's bill.

If you can avoid a points deduction and start the season in zero ( as a retracted PA release has already stated) the only loser will be Omar Khan - how much has his 18 month attempt at running a Superleague club cost him?

On the bulls section of the message board, figures of 600k plus that he put in as loans are being mentioned. It's also worth pointing out that Bradford Council loaned Ok Bulls 200k and that's reported as being personally guaranteed by Omar Khan. Unless the Bulls are including the council as creditors then that would appear to fall on him as well.

Next "investors" peeerleeeeease step forward.....