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| If you sell a company it is surely a going concern and the debts move with it. I understand this is not the case so the old one is boxed off with the debts, incl admin fees , its assets sold to Newco the money from this seems to be being used for paying the Admin costs and the poor pie supplier gets nowt.
I am sure someone mentioned a figure of £150k for the assets, which I assume includes players, if so surely selling the players eg Bateman, would generate more than the £150k ???? This is getting smellier by the hour.
Could, say, Fax bid £160k for the assets and move the franchise to the Shay. If thats the case then it's a cheap way to get a franchise and I am sure there would be plenty bidders above the price paid.
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| Quote ="Kosh"It's an odd thing to say when the Bulls are still participating in this season's competition. How are they doing that if they aren't members of the RFL?
'"
They can play in SL without being members of the RFL - Catalan Dragons have done so for years - as per article 4.9 of the Operational Rules...
[iFor the avoidance of doubt a Club may participate in Super League without being a member (at the discretion of SLE). However, any non-Member club which participates in any competition referred to in the Operational Rules (including but not limited to Super League) must agree to be bound by the Bye Laws and in any event will be deemed to have agreed to be so bound by its participation in the competition.
[/i
All it means is that they have no voting rights or automatic entitlement to a share of central funding.
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| Quote ="Him"I'd thought that the RFL were still carrying out due diligence on Khan and that's the delay in transferring RFL membership. As for business and assets, most reports have just said either the club has been sold to OK Bulls or that the company (BBH) has, but as I understand it (which is by no means a good understanding!) I'd thought that a business and assets sale is basically just another way of selling the company instead of through a share sale. As for having another holding company well lots of clubs do/have done that and IIRC Wakey did out of admin, IIRC Wigan set up a new holding company when Lenagan took over and Leeds CF&AC are owned by Leeds Rugby Ltd.
Like Mild Rover says though, it'd helpful if there was a statement on it all.'"
The administrator has sold the business and assets to a separate company (OK Bulls Ltd) for £150k. The debts and liabilities remain with Bradford Bulls Holdings Ltd. Therefore Mr Khan has bought the good bits (assets) but not taken on responsibility for the bad bits (liabilities, hence he has not bought the company in its entirity. The administrator will now wind up and liquidate BBHL and its debts will die with it.
The creditors of BBHL are not going to receive a penny as the sale price of the assets doesn't even cover the administrator's fees. Indeed, they've already had a letter confirming that.
Whichever way you look at it its a newco deal designed to enable "the club" to completely shed its liabilities and re-start as a debt free entity.
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| Quote ="Derwent"They can play in SL without being members of the RFL - Catalan Dragons have done so for years - as per article 4.9 of the Operational Rules...
[iFor the avoidance of doubt a Club may participate in Super League without being a member (at the discretion of SLE). However, any non-Member club which participates in any competition referred to in the Operational Rules (including but not limited to Super League) must agree to be bound by the Bye Laws and in any event will be deemed to have agreed to be so bound by its participation in the competition.
[/i
All it means is that they have no voting rights or automatic entitlement to a share of central funding.'"
Ah, right. Hadn't read that section before. So it's down to the other SL clubs to give permission rather than the RFL.
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| Quote ="Kosh"Ah, right. Hadn't read that section before. So it's down to the other SL clubs to give permission rather than the RFL.'"
So ultimatley it is the Clubs that run SL , not the RFL . so why is it the RFL that will be judging the ' mini licence application ' farce , why not just ask the SL clubs who they want ?
Our sport is a joke
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| Quote ="Starbug"So ultimatley it is the Clubs that run SL , not the RFL . so why is it the RFL that will be judging the ' mini licence application ' farce , why not just ask the SL clubs who they want ?
Our sport is a joke'"
Because, as was obvious to everyone else except a moron looking for evidence of his circular conspiracy nonsense, the SL clubs gave that power to the RFL.
Our sport isn’t a joke, most fans aren’t even aware of this board never mind the continual moaning of those with vested interests.
If you remove the flatcappers spin and desperation to forward their interests by criticising the RFL, the process taken and the processes we have for franchising and P+R are obvious, clear and sensible. Not perfect, but far from a joke.
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| Quote ="SmokeyTA" the process taken and the processes we have for franchising and P+R are obvious, clear and sensible. Not perfect, but far from a joke.'"
Why are they so embarrassed that they had to make up all that other stuff then?
Also, a joke that isn't widely known is still a joke.
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| Quote ="Mild Rover"Why are they so embarrassed that they had to make up all that other stuff then?
Also, a joke that isn't widely known is still a joke.
'"
What other stuff are they having to make up?
As I said before, Im not sure what rule or part of the franchise procedure you think they aren’t following.
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| Quote ="SmokeyTA"What other stuff are they having to make up?
As I said before, Im not sure what rule or part of the franchise procedure you think they aren’t following.'"
The procedure part. And it is advertised as [ilicensing[/i - franchising would be a departure that should be acknowledged.
I can see this guy's POV:
“I don’t think it’s too hard really. I don’t know if I should use the word farcical, but I think most of the teams you could pick without running through the thing about licensing.''
“There’s just one, two or three teams that you say show us why you should be in Super League and then a couple of other teams that are aspiring, show us why you should be in Super League - It’s not rocket science is it?''
Setting aside the irony that that was Mick Potter speaking in March of last year, he seems to have been proved right. Can you really see anybody taking the next round of applications seriously, if they go ahead?
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| Quote ="Mild Rover"The procedure part. And it is advertised as [ilicensing[/i - franchising would be a departure that should be acknowledged.'" Where? when have the RFL stated that in the even of administration any other procedure would be followed other than what they have followed?
Quote I can see this guy's POV:
“I don’t think it’s too hard really. I don’t know if I should use the word farcical, but I think most of the teams you could pick without running through the thing about licensing.''
“There’s just one, two or three teams that you say show us why you should be in Super League and then a couple of other teams that are aspiring, show us why you should be in Super League - It’s not rocket science is it?''
Setting aside the irony that that was Mick Potter speaking in March of last year, he seems to have been proved right. Can you really see anybody taking the next round of applications seriously, if they go ahead?'"
Again, im not sure why it would be looked at any different. I cant see why you insist things are different now than they were a couple of months ago.
And i dont really disagree with Mick Potter there, other than to say, where is the harm in asking Leeds and St's etc to go through the process?
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| Quote ="SmokeyTA"Where? when have the RFL stated that in the even of administration any other procedure would be followed other than what they have followed?'"
It (seems that it) isn't just administration though. It is a failed administration, the creditors get nowt, so from their POV he might as well have liquidated. If this level of failure isn't sufficient to prevent a new licence being granted or the old one being transferred, then... well there isn't a level of failure beyond that. So there are no meaningful sanctions.
Of course you can continue acting as if licensing is a meaningful process, but even as a proponent of it, you don't seem to believe it is any better than harmless. Nobody seems to think the fannying about with 'detailed assessment against key criteria' and 'ensuring standards' has any value anymore. So what's the point - it isn't placating fans of Championship clubs and it is a waste of time and energy for those in SL. Failure to admit that officially would be farcical, because it would be a statement so clearly at odds with obvious reality.
I can honestly only imagine the announcement of the outcome of a mini-licensing round being made by Comical Ali.
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| Quote ="SmokeyTA"
Our sport isn’t a joke, most fans aren’t even aware of this board never mind the continual moaning of those with vested interests.
If you remove the flatcappers spin and desperation to forward their interests by criticising the RFL, the process taken and the processes we have for franchising and P+R are obvious, clear and sensible. Not perfect, but far from a joke.'"
There are lots of vested interests in this game of "ours" and I would suggest they don't all rest with the "flatcappers". It's almost inevitable where money is involved.
Before the Sky money came along the game was on its knees. It's this money and the oxygen of TV coverage, not sudden good business acumen, that has seen the gap between SL and "the rest" grow to almost unreachable proportions.
It's worrying that without a sugar daddy, SL seems unsustainable, and lower leagues cannot hope to make the leap through the franchise ceiling.
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| Quote ="Mild Rover"It (seems that it) isn't just administration though. It is a failed administration, the creditors get nowt, so from their POV he might as well have liquidated. If this level of failure isn't sufficient to prevent a new licence being granted or the old one being transferred, then... well there isn't a level of failure beyond that. So there are no meaningful sanctions.'" Removing a licence in some as a form of retribution would be nigh on the worst thing we could possibly doing. If your argument only comes down to wanting some form of symbolic blood letting, then it is a good thing the RFL have taken a more pragmatic approach.
Quote Of course you can continue acting as if licensing is a meaningful process, but even as a proponent of it, you don't seem to believe it is any better than harmless. Nobody seems to think the fannying about with 'detailed assessment against key criteria' and 'ensuring standards' has any value anymore. So what's the point - it isn't placating fans of Championship clubs and it is a waste of time and energy for those in SL. Failure to admit that officially would be farcical, because it would be a statement so clearly at odds with obvious reality.
I can honestly only imagine the announcement of the outcome of a mini-licensing round being made by Comical Ali.'" Why isn’t it meaningful? Because we haven’t followed a rule in kicking Bradford out, even though that rule never existed? Why is removal of a franchise the only acceptable outcome for this scenario?
Removing Bradford and replacing them with a less suitable club wouldn’t mean we had a 'detailed assessment against key criteria' or that we were 'ensuring standards'. In fact it would mean the exact opposite. It would, in reality be exactly what the flatcappers didn’t want, what they argued against, it would be the decision on who gained a franchise, not based on an application, not based on the evidence presented, not based on which club is most suitable for SL, but which club it was politically expedient to pick. Yet because this would a ‘big’ club being damaged they have let their lust for schadenfreude cloud what they pretended were dearly held principles.
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| Quote ="Dreamer"There are lots of vested interests in this game of "ours" and I would suggest they don't all rest with the "flatcappers".
It's almost inevitable where money is involved.
Before the Sky money came along the game was on its knees. It's this money and the oxygen of TV coverage, not sudden good business acumen, that has seen the gap between SL and "the rest" grow to almost unreachable proportionsIt's worrying that without a sugar daddy, SL seems unsustainable, and lower leagues cannot hope to make the leap through the franchise ceiling'"
There are some clubs who have been passengers in the games growth, others who have driven it. Your point is far too generalised, the growth at Leeds, Wigan, Wire and Hull is far too big (and sustainable) to have been driven solely by Sky or a sugar daddy. St’s have needed a lot of private investment but have little debt and a fantastic new facility. Les Catalans came from nowhere and built something outside SL. Lets not ignore where we have been successful, lets learn from it.
There are good businesses in SL, there are good businessmen, not enough but they are still there lets not pretend otherwise.
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| Quote ="SmokeyTA"Because, as was obvious to everyone else except a moron looking for evidence of his circular conspiracy nonsense, the SL clubs gave that power to the RFL.
Our sport isn’t a joke, most fans aren’t even aware of this board never mind the continual moaning of those with vested interests.
If you remove the flatcappers spin and desperation to forward their interests by criticising the RFL, the process taken and the processes we have for franchising and P+R are obvious, clear and sensible. Not perfect, but far from a joke.'"
Absolutely Smokey! Well said. Here's some irreleavnt stuff to back up your wisdom:
[urlhttp://www.thetelegraphandargus.co.uk/sport/sportbulls/9906491.Creditors_in_desperate_fight_to_get___1_5m_owed_by_Bradford_Bulls/[/url
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| You're on a wind up, yeah? edit, that question was for Smokey.
In case not:
1. I'm not calling for retribution. I'm calling for honesty.
2. No-new-licence is the only acceptable outcome within the system of licensing because this is as bad as it gets within that framework. If not now, then when? If 'never', then why bother?
3. I'm not saying one way or the other whether the Bulls should be in SL. But if they are then we need to bin off licensing, which it turns out is rubbish anyway because it falls between stools. Then we can have franchising or start again with some form of P&R - I'm not particularly advocating either, just asking that they're honest about what they do.
4. I'm using 'licensing' to refer to the system we (supposedly) have and 'franchising' to refer to a closed-shop more NRL type approach. You're conflating the two, which may lead to misunderstanding.
5. It's not about schadenfreude. From a selfish POV, the security of franchising would be great for Hull KR. My horror isn't as a Hull KR fan or Bradford-hater (which I'm not), but at the horrible and, crucially, [iunneccessary[/i fudge that is in prospect. They can achieve the same end so much more easily and logically. Yeah, basically it's the contradiction/paradox I hate.
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| Quote ="SmokeyTA"There are some clubs who have been passengers in the games growth, others who have driven it. Your point is far too generalised, the growth at Leeds, Wigan, Wire and Hull is far too big (and sustainable) to have been driven solely by Sky or a sugar daddy. St’s have needed a lot of private investment but have little debt and a fantastic new facility. Les Catalans came from nowhere and built something outside SL. Lets not ignore where we have been successful, lets learn from it.
There are good businesses in SL, there are good businessmen, not enough but they are still there lets not pretend otherwise.'"
Let's face it, 12 months ago you would have put Bradford on that list
As far as I can see there is only one decent BUSINESS model in SL and that's Leeds. (I'm open to being shot down here as I've only cursory knowledge of the others)
The chunk of Sky money and TV coverage is the honey pot. There are to few businessmen running their clubs as genuinely good businesses, let's not pretend otherwise
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| Quote ="littlerich"Absolutely Smokey! Well said. Here's some irreleavnt stuff to back up your wisdom:
[urlhttp://www.thetelegraphandargus.co.uk/sport/sportbulls/9906491.Creditors_in_desperate_fight_to_get___1_5m_owed_by_Bradford_Bulls/[/url'" Oh I don't know.
As an honest British taxpayer I'm overjoyed that the Bradford Bulls have been able to stick 2 fingers up over £1/2M of MY money whilst being able to carry on as if nothing has happened.
I'll also be just as happy if Sport England reduce our funding when we as a sport are seen to just shrug our shoulders over it.
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| Quote ="SmokeyTA"Removing a licence in some as a form of retribution would be nigh on the worst thing we could possibly doing. If your argument only comes down to wanting some form of symbolic blood letting, then it is a good thing the RFL have taken a more pragmatic approach.
Why isn’t it meaningful? Because we haven’t followed a rule in kicking Bradford out, even though that rule never existed? Why is removal of a franchise the only acceptable outcome for this scenario?
Removing Bradford and replacing them with a less suitable club wouldn’t mean we had a 'detailed assessment against key criteria' or that we were 'ensuring standards'. In fact it would mean the exact opposite. It would, in reality be exactly what the flatcappers didn’t want, what they argued against, it would be the decision on who gained a franchise, not based on an application, not based on the evidence presented, not based on which club is most suitable for SL, but which club it was politically expedient to pick. Yet because this would a ‘big’ club being damaged they have let their lust for schadenfreude cloud what they pretended were dearly held principles.'"
What you seem to be saying in your last paragraph, is that, if one of the bigger names breaks the rules (although they appear to be guidelines as opposed to rules), then we shouldn't even dream of demoting them, because thier likely replacement maynot have the same "draw".
Conversely, had this circumstance bestowed itself on one of the "lesser" clubs, would you be in favour of the same level of "protection".
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| Quote ="Mild Rover"You're on a wind up, yeah? edit, that question was for Smokey.
In case not:
1. I'm not calling for retribution. I'm calling for honesty.'" Ok, so how would demoting Bradford be ‘honest’?
Quote 2. No-new-licence is the only acceptable outcome within the system of licensing because this is as bad as it gets within that framework. If not now, then when? If 'never', then why bother?'"
When there is someone better? Im not sure why you have decided a club needs to be demoted. Surely It would be a good thing if they didnt.
Quote 3. I'm not saying one way or the other whether the Bulls should be in SL. But if they are then we need to bin off licensing, which it turns out is rubbish anyway because it falls between stools. Then we can have franchising or start again with some form of P&R - I'm not particularly advocating either, just asking that they're honest about what they do.
4. I'm using 'licensing' to refer to the system we (supposedly) have and 'franchising' to refer to a closed-shop more NRL type approach. You're conflating the two, which may lead to misunderstanding.'" I cant agree that the change you are talking about is that big. I see it as tinkering with the existing system rather than a new one.
Quote 5. It's not about schadenfreude. From a selfish POV, the security of franchising would be great for Hull KR. My horror isn't as a Hull KR fan or Bradford-hater (which I'm not), but at the horrible and, crucially, [iunneccessary[/i fudge that is in prospect. They can achieve the same end so much more easily and logically. Yeah, basically it's the contradiction/paradox I hate.'"
Im not sure there is a contradiction in what is happening.
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| Quote ="wrencat1873"What you seem to be saying in your last paragraph, is that, if one of the bigger names breaks the rules (although they appear to be guidelines as opposed to rules), then we shouldn't even dream of demoting them, because thier likely replacement maynot have the same "draw".
Conversely, had this circumstance bestowed itself on one of the "lesser" clubs, would you be in favour of the same level of "protection".'"
The honest answer is, it depends.
Some clubs bring more to SL than others.
If the smaller/lower SL clubs want the same protection as the likes of Bradford, then its easy, get the crowds, get the youth, get the success and visibility Bradford have. If you are a smaller/lower SL club, if you are getting low crowds, have plenty of overseas players, have poor facilities, struggle on and off the pitch, then you are bringing less to the table and your position is less secure. And yes, that includes London etc.
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| So, let me get this right – and please interject if I’m incorrect.
Bradford have been bought for circa £150k – who gets that money?
The administrators tab is around £170k, does this come out of the £150k & if so where does the shortfall come from?
One more thing, presumably the RFL won’t have got any rent money this year, will they be in the same position as the rest of the Creditors getting a few pence in the pound or will the debt carry over to the new owners?
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| I wonder how the ripples will effect other clubs cashflow if the RFL are seen to be laughing in the faces of those owed money eg a club may order 5000 pies for a game, baker says not a problem but I will only deliver them once the money has cleared due to the BB scenario, will banks withdraw all overdrafts without PG's? Grants have been mentioned, will it affect them?
Of course our friendly RFL rep will have a spin on this that involves no answers.
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| Quote ="SmokeyTA"The honest answer is, it depends.
Some clubs bring more to SL than others.
If the smaller/lower SL clubs want the same protection as the likes of Bradford, then its easy, get the crowds, get the youth, get the success and visibility Bradford have. If you are a smaller/lower SL club, if you are getting low crowds, have plenty of overseas players, have poor facilities, struggle on and off the pitch, then you are bringing less to the table and your position is less secure. And yes, that includes London etc.'"
The problem is, Bradford are, or are supposed to be a flagship club. Do the smaller do what Bradford have done? Overspend. Sell their product cheaper than a netto basket?
Bradford have brought success to their own table but a pile of crap and debt to the RFL's. But sshhhhhhh, they're Bradford Big Balls - 10,000 average per home game. Untouchable.
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| Quote ="SmokeyTA"Ok, so how would demoting Bradford be ‘honest’?'"
Because they failed utterly on the very criterion on which licensing is primarily based.
Quote ="SmokeyTA" Im not sure why you have decided a club needs to be demoted. Surely It would be a good thing if they didnt.'"
I didn't, the principles of licensing did. You're right though, perhaps it would be better if Bradford were given a place in SL for next season. And we can do that - we just have abandon those principles and find some new ones. Little bit embarrassing, but that's life. Trying to retain Bradford in SL (assuming, as always, a newco) [uand[/u the principles of licensing, is doomed to failure. Do it quick and clean or let it wither away - either way it'd be over. Eventually it'll need replacing - why wait?
Quote ="SmokeyTA"I cant agree that the change you are talking about is that big. I see it as tinkering with the existing system rather than a new one.'"
Tinkering it to death. The vote to change the rules so that entering administration was only a points deduction and a black mark was a major retreat. This would be surrender, however they try to dress it up. Folk aren't daft. Well not [ithat[/i daft anyway.
Quote ="SmokeyTA"Im not sure there is a contradiction in what is happening.'"
Think about it like this. Licensing moved the emphasis from how the team performed each year to how the club performed over 3-year cycles.
Imagine under a system of P&R, straightforward 1 up, 1 down, a team gets relegated. But they say, 'actually we're not that bad, we just had a rubbish coach, but we've sacked and replaced him now and we'd to like to stay up'. The governing body thinks this team might indeed get better under their new coach, so they come up with an innovation - a play-off with the winner of the second division. This would likely provoke some scepticism, and if they claimed that the system hadn't in fact changed and they would still be standing by the principles of 1 up, 1 down the scepticism would become incredulity. The governing body have got stuck trying to avoid an unwanted outcome of its own rules, and still wanting people to believe that they are enforcing them in an equitable manner. They can't - they have to live with the outcome (a principled approach) or be honest about changing the rules (a pragmatic approach), it is one or t'other.
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