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| He's not being punished, he bought a business on the cheap that had a 6 point penalty which came with it.
Because Rugby League and the Bradford Bulls don't exist in a bubble and rely both in the past, present and future on local and small businesses, he's now being incentivised to mitigate that 6 points down to 4 by paying some of the businesses that have suffered as a result of the Bradford Bulls being a farce.
At the moment he seems to be choosing to ignore those local small businesses and instead he's crying foul over the points deduction which he knew all about when he bought the club on the cheap.
As I said before, he wants all the benefits of buying a Club on the cheap from the Administrator and he also wants to have the benefits which would have been associated had he bought the Club pre Administration.
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| Quote ="SmokeyTA"These are the decisions and actions of a leadership team protecting their powerbase, not one making long-term decisions for the good of the game.'"
Yes, I've been telling you this for years, now all of a sudden you agree
RFL = second hand car dealership
RFL leadership = second hand car salsemen
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| Quote ="The Avenger"...
At the moment he seems to be choosing to ignore those local small businesses ...
...'"
Is this something you have knowledge on, because I've not seen any information released, or just something you're assuming?
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| Quote ="The Avenger"He'd have got nothing because HMRC were about to wind the Bradford Bulls up!
That doesn't alter what I said though, a business bought out of Administration has less value than the same business bought as a going concern. I'm not going to get into a stupid argument that a business with zero value can't be even more devalued by Administration.
The main point is that the price was not depressed by the 6 point penalty'"
So increasing the chance of relegation and a big drop in revenue, sponsorship, and attendance does not affect the price. Pull the other one, it's got bells on.
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| Quote ="Starbug"Yes, I've been telling you this for years, now all of a sudden you agree
RFL = second hand car dealership
RFL leadership = second hand car salsemen'"
Richard Lewis is a vastly superior administrator to Nigel Wood, one was a man prepared to be dynamic and put his head above the parapet, one is desperately scuttling back just claiming it's not my fault guv.
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| Quote ="childofthenorthern"Is this something you have knowledge on, because I've not seen any information released, or just something you're assuming?'"
no which is why I said "he seems".
based on the 6 points not being reduced to 4 as with previous cases where creditors have been paid and also on the lack of any statement suggesting that some creditors have been paid, making it a fair and logical assumption.
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| Quote ="Starbug"The previous owners debts are dependant on how they were defined, if loans then potentially yes they are, I feel for Mr Khan, the way he has been vilified on here by Bulls fans is a disgrace IMO'"
I'm of the opinion that if Mr Khan chose to run the Bulls by running up debt to him, then that's his choice and any loss to himself is down to his actions. Any other creditors (HMRC, Bradford Council, suppliers) haven't made that choice.
I'm agree he doesn't deserve being vilified for making mistakes.
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| Quote ="SmokeyTA"So increasing the chance of relegation and a big drop in revenue, sponsorship, and attendance does not affect the price. Pull the other one, it's got bells on.'"
So you agree, he bought ' sold as seen ' knowing full well the consequences, now he wants a warranty?
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| Quote ="SmokeyTA"So increasing the chance of relegation and a big drop in revenue, sponsorship, and attendance does not affect the price. Pull the other one, it's got bells on.'"
Ding a ling, you're right it has.
Is it fair that Wakefield should suffer a loss of revenue, sponsorship and attendance because of Marc Greens inability to read what it said on the tin when he bought his bargain bucket Bulls club?
The uncertainty created by this ridiculous Force Majeure appeal has had a detrimental affect on a club which has done all it can to behave ethically in the face of much the same issues as the Bulls.
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| Quote ="SmokeyTA"Richard Lewis is a vastly superior administrator to Nigel Wood, one was a man prepared to be dynamic and put his head above the parapet, one is desperately scuttling back just claiming it's not my fault guv.'"
Yes Mr Lewis brought the hugelly successful Celtic Crusaders to SL, well done Richard
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| Quote ="Slugger McBatt"So what does Marc Green's business plan say about repaying creditors and what steps has he taken to do so? It's a pointless argument if his stance is, "it was someone else's plan that didn't offer, so I'm going to get this club cheaply and not bother because there is no point".
As has been said, too many people are trying to make it a technical argument when it is simple: administration costs six points unless you pay creditors, and in which case the penalty can be less. Simple as that. He knew it when he bought it.
If he'd said, "can the penalty be reduced if I pay creditors, something that was missing from the business plan that the penalty was based on?", I would have sympathy. If he has repaid creditors, I would have some sympathy. If he is going to, I would have some sympathy. So is he, or is he hiding behind the "it wasn't me, it was them" argument?
And as for the "it didn't matter then because there was no relegation", doesn't it say an awful lot for those clubs who repaid creditors when there was no obvious incentive to do so, and an awful lot for the clubs that don't when there is.'"
Not seen any business plan of Marc Greens so I can't assume he has or hasn't settled with any creditors.
Apparently the Moore/Watt/Calvert plan offered to repay all trade creditors (what was a trade creditors was never publicly defined) over 5 years but the RFL didn't believe the numbers so applied the 6 point deduction.
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| Quote ="SmokeyTA"So increasing the chance of relegation and a big drop in revenue, sponsorship, and attendance does not affect the price. Pull the other one, it's got bells on.'"
Your sudden concern for the welfare of the creditors is somewhat ironic, because the increased chance of relegation, drop in revenue, sponsorship and all could be lessened if efforts were made to reduce the penalty by doing what? Go on, guess. That's right, repay the creditors.
But then we end up at, "but he isn't obliged to", and we end up where we started.
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| Quote ="childofthenorthern"Not seen any business plan of Marc Greens so I can't assume he has or hasn't settled with any creditors.
Apparently the Moore/Watt/Calvert plan offered to repay all trade creditors (what was a trade creditors was never publicly defined) over 5 years but the RFL didn't believe the numbers so applied the 6 point deduction.'"
If the appeal is based on "these are the efforts made so far, and here is a ring fenced sum to do more, if our survival is made more certain, and we promise to pay", I've no issue with it, as it then boils down to a simple reconsideration. I haven't seen a single post or article or press release that suggests this.
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| Quote ="childofthenorthern"Not seen any business plan of Marc Greens so I can't assume he has or hasn't settled with any creditors.
Apparently the Moore/Watt/Calvert plan offered to repay all trade creditors (what was a trade creditors was never publicly defined) over 5 years but the RFL didn't believe the numbers so applied the 6 point deduction.'"
The Bulls could have had 3 more sets of owners over 5 years, not surprising it wwsnt accepted really
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| Can't wait for this circus to end, if only to shut off the ramblings of Smokey. We can also put to bed Bradford dragging the game of RL through the sheet. What's it been now? Two years?
The end is nigh.
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| Quote ="The Avenger"no which is why I said "he seems".
based on the 6 points not being reduced to 4 as with previous cases where creditors have been paid and also on the lack of any statement suggesting that some creditors have been paid, making it a fair and logical assumption.'"
The penalty is applied after the RFL has met to consider it and can't be changed after that on an adhoc basis. The process for reconsidering it is the appeal.
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| Quote ="littlerich"Can't wait for this circus to end, if only to shut off the ramblings of Smokey. We can also put to bed Bradford dragging the game of RL through the sheet. What's it been now? Two years?
The end is nigh.'"
I've always thought that the RFL won't want the appeal to be successful as it will be saying that they got it wrong in some way and played a part in derailing Bradford's season. But equally, they won't want to be the bad boys.
My guess is that the crucial game next Sunday will become pointless. If Wakey win, I reckon Bulls will get some points back, or else the tribunal is in the position of relegating the Bulls and ruining a business. Would take a cold heart to do that. If Bradford win, I reckon the points will stay the same, for the sake of the integrity of the game.
Put simply, whoever gets the two points next Sunday will lose them in the appeal in some way, if you know what I mean.
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| Quote ="Slugger McBatt"If the appeal is based on "these are the efforts made so far, and here is a ring fenced sum to do more, if our survival is made more certain, and we promise to pay", I've no issue with it, as it then boils down to a simple reconsideration. I haven't seen a single post or article or press release that suggests this.'"
Nope me neither, but then given how he's acted so far I'd not expect Marc Green to give away any information. Seems to play his cards very close to his chest.
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| Quote ="childofthenorthern"The penalty is applied after the RFL has met to consider it and can't be changed after that on an adhoc basis. The process for reconsidering it is the appeal.'"
No, Wakefield's initial 6 points were reduced after Andrew Glover submitted his plan to repay and made a number of those repayments all done without the aid of an appeal.
Quote Wakefield's new owner Andrew Glover, whose Spirit of 1873 company brought the club out of administration, revealed yesterday he, too, intended to voluntarily satisfy some of the creditors.
'It's a brand-new company and none of the old debts are there," Glover told the press conference. 'There are elements that I will be honouring, that I feel I want to honour, but I don't want to go into details.'
It is thought the old club owed more than £300,000 to HM Revenue and Customs, whose action in bringing a winding-up petition precipitated the decision to go into administration.
Administrators O'Hara and Company sold three players, Sam Obst, Daryl Millard and Dale Ferguson, for undisclosed fees to other Super League clubs during the five days they ran the club to help pay off some of the debt.
The RFL confirmed that the board took into consideration the agreement by Glover to carry forward some of the liabilities incurred by the previous owners in handing down a four-point deduction.'"
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| Quote ="childofthenorthern"Nope me neither, but then given how he's acted so far I'd not expect Marc Green to give away any information. Seems to play his cards very close to his chest.'"
But can't you infer things from the silence? If he was doing things that would present the Bulls in a positive light, as a business the local community can trust again, wouldn't he be shouting it from the top of the town hall? It would be safer to assume that no news is just no news, rather than good news.
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| Quote ="childofthenorthern"The penalty is applied after the RFL has met to consider it and can't be changed after that on an adhoc basis. The process for reconsidering it is the appeal.'"
So he appealed the following week? , supplying proof of confirmed funds to pay the required % of creditors?
Or was it " We'll use some of next years SKY money, IF we dont get relegated " ?
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| Quote ="childofthenorthern"The penalty is applied after the RFL has met to consider it and can't be changed after that on an adhoc basis. The process for reconsidering it is the appeal.'"
I think the point of his legal challenge was that there was no appeal process, so as The Avenger says, the reduction for Wakefield was done on an ad-hoc basis. It was decided that there must be a right to appeal, its a rule of natural justice, so he has been given one.
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| Quote ="Starbug"So he appealed the following week? , supplying proof of confirmed funds to pay the required % of creditors?
Or was it " We'll use some of next years SKY money, IF we dont get relegated " ?'"
Which I think was one of the problems with the bid of the consortium, as it was based on monies they hadn't yet received and might not receive if things didn't go right for them.
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| Quote ="childofthenorthern"Nope me neither, but then given how he's acted so far I'd not expect Marc Green to give away any information. Seems to play his cards very close to his chest.'"
Which will not instill confidence from the creditors or the RFL
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| Quote ="Slugger McBatt"I've always thought that the RFL won't want the appeal to be successful as it will be saying that they got it wrong in some way and played a part in derailing Bradford's season. But equally, they won't want to be the bad boys.
My guess is that the crucial game next Sunday will become pointless. If Wakey win, I reckon Bulls will get some points back, or else the tribunal is in the position of relegating the Bulls and ruining a business. Would take a cold heart to do that. If Bradford win, I reckon the points will stay the same, for the sake of the integrity of the game.
Put simply, whoever gets the two points next Sunday will lose them in the appeal in some way, if you know what I mean.'"
I actually think it'll be all the points back or nothing. The appeals panel is supposed to include legal representation and a working knowledge of insolvency practice which suggests to me it's based on the RFL's legal handling of the situation not on any application of their own rules.
Can I just change one thing though? "or else Peter Hood/Omar Khan/Ryan Whitcut is in the position of relegating the Bulls and ruining a business"
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