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| Quote ="SmokeyTA"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'"
This is the case in most administration situations.
Of course the new owners start with a clean slate, unless something else has been agreed with the administrators.
But, if this were ok, many clubs would go into admin and start a fresh.
Yes, this seemed to be a way of removing OK's shares and allowing a new start but, surely it's no different from ANY club going into admin, something which the RFL said that they wouldn't allow to happen.
It sounds like you are condoning the situation which, does come as something of a surprise
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| I can see a real Sh*tstorm brewing if the Bulls escape a points deduction and then avoid relegation by the skin of their teeth.
Lets not forget they are "iconic"
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| Quote ="wrencat1873"This is the case in most administration situations.
Of course the new owners start with a clean slate, unless something else has been agreed with the administrators.
But, if this were ok, many clubs would go into admin and start a fresh.
Yes, this seemed to be a way of removing OK's shares and allowing a new start but, surely it's no different from ANY club going into admin, something which the RFL said that they wouldn't allow to happen.
It sounds like you are condoning the situation which, does come as something of a surprise
'" I'm not condoning the situation I'm questioning what's going on.
Fwiw I don't agree with the logic of punishing the new owners for the sins of the old ones. Omar Kahn isn't at. Bradford any more, any punishment to Bradford doesn't affect Omar Kahn. The punishment should be aimed at him.
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| Quote ="SmokeyTA"I'm not condoning the situation I'm questioning what's going on.
Fwiw I don't agree with the logic of punishing the new owners for the sins of the old ones. Omar Kahn isn't at. Bradford any more, any punishment to Bradford doesn't affect Omar Kahn. The punishment should be aimed at him.'"
Yep, give poor old Omar a six point deduction, he’ll be gutted .
You are basically saying the newco should be absolved of any debt accrued by the old regime. But I’m sure that the RFL told Wakey last year that a flat pack was simply out of the question.
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| Quote ="SmokeyTA"I'm not condoning the situation I'm questioning what's going on.
Fwiw I don't agree with the logic of punishing the new owners for the sins of the old ones. Omar Kahn isn't at. Bradford any more, any punishment to Bradford doesn't affect Omar Kahn. The punishment should be aimed at him.'"
i think the points deduction punishment is used more as a warning to other clubs, than as a punishment to the club in question. It is far too easy for a club to go into administration, transfer all the playing contracts and start up again the next day, leaving a trail of debtors in their wake.
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| Quote ="The Devil's Advocate"Yep, give poor old Omar a six point deduction, he’ll be gutted
.
You are basically saying the newco should be absolved of any debt accrued by the old regime. But I’m sure that the RFL told Wakey last year that a flat pack was simply out of the question.'"
Perhaps knock off Nigel prefers his furniture to last a little longer than a few years.
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| Quote ="duke street 10"I can see a real Sh*tstorm brewing if the Bulls escape a points deduction and then avoid relegation by the skin of their teeth.
Lets not forget they are "iconic"
'"
With relegation starting this year the stakes are even higher
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| Quote ="duke street 10"
Lets not forget they are "iconic"
'"
Lets not forget the rfl called the "ground" iconic when they aquired the sub lease to the ground that holds the British (and former world) record for attendance at a Rugby League match.
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| Quote ="wrencat1873"This is the case in most administration situations.
Of course the new owners start with a clean slate, unless something else has been agreed with the administrators.
But, if this were ok, many clubs would go into admin and start a fresh.
Yes, this seemed to be a way of removing OK's shares and allowing a new start but, surely it's no different from ANY club going into admin, something which the RFL said that they wouldn't allow to happen.
It sounds like you are condoning the situation which, does come as something of a surprise
'"
It's a difficult situation this. Unlike last time where we ran out of money, we have buyers READY to take over the club. Unfortunately the parties involved have been arguing. Been going on for so long that HMRC have stepped in, but OK Bulls Ltd in administration and allowed Bradford Bulls 2014 Ltd to take over.
how long were the Bulls in "administration" for under OK Bulls Ltd. From what i can gather it was an almost instant take over.
I'm no expert on the subject so feel free to correct me. I can see other fans frustrations.
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| Quote ="EHW"i think the points deduction punishment is used more as a warning to other clubs, than as a punishment to the club in question. It is far too easy for a club to go into administration, transfer all the playing contracts and start up again the next day, leaving a trail of debtors in their wake.'"
Doesn't really work as a warning though does it, Kahn isn't involved so he isn't being punished, whoever takes the next club to admin won't be involved when they are punished. What's the warning? If you take a club in to admin we will punish the next person who buys it? Who's that going to put off?
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| I wonder if they'll be known as Bradford Bulls 2015 next year
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| Quote ="I Am The Stig"Lets not forget the rfl called the "ground" iconic when they aquired the sub lease to the ground that holds the British (and former world) record for attendance at a Rugby League match.
'"
Given all the other clubs were given a "hands off their players" when they hit the skids last year by Red Hall they obviously think they are.
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| There's also cost cutting at Hull FC now that Pearson is a lot closer to getting hold of Leeds Utd so we could have another club in administration before too long when he throws in the towel and gives up his rugby league experiment as a bad job.
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| Wakefield, under the Richardsons, entered Administration during the off season. They were bought from the Administrator before the new season began (actualy on the eve of the first game) yet they were deducted 6 competition points, later reduced to 4pts because Andrew Glover paid of a significant amount of the previous regimes debt.
No matter how they dress this up or spin it, Bradford have entered into Administration and should be subject to the same sanctions as Wakefield were, ie 6pt deduction reduced to 4pts if they pay some debts off.
Furthermore, HMRC had served a winding up order on the Bradford Bulls and no amount of smoke screening can change that fact! This was not just a mechanism for a change of ownership, I for one will feel deceived and insulted if the RFL come out and try to sell that line!
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| Quote ="Sesquipedalian"Wakefield, under the Richardsons, entered Administration during the off season. They were bought from the Administrator before the new season began (actualy on the eve of the first game) yet they were deducted 6 competition points, later reduced to 4pts because Andrew Glover paid of a significant amount of the previous regimes debt.
No matter how they dress this up or spin it, Bradford have entered into Administration and should be subject to the same sanctions as Wakefield were, ie 6pt deduction reduced to 4pts if they pay some debts off.
Furthermore, HMRC had served a winding up order on the Bradford Bulls and no amount of smoke screening can change that fact! This was not just a mechanism for a change of ownership, I for one will feel deceived and insulted if the RFL come out and try to sell that line!'"
Fair points IMO. The RFL must take action or concede that they are a corrupt organisation without any integrity.
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| Quote ="Bull Mania"
how long were the Bulls in "administration" for under OK Bulls Ltd. From what i can gather it was an almost instant take over.
I'm no expert on the subject so feel free to correct me. I can see other fans frustrations.'"
The date shown in the London Gazette with HMRC was the 16th January.
There has been some spin from the club since that date.
After signing 6 players in the off-season it is beginning to look arcane,arbitrary and appalling.
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| if anyone other than former directors or owners of OK Bulls are owed money by OK then it must be treated as going into admin and a points deduction must be applied.
Has the RFL been paid rent for Odsal or is that another debt to be shared by the other clubs....???
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| More bulls**t more like
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| Quote ="SmokeyTA"Doesn't really work as a warning though does it, Kahn isn't involved so he isn't being punished...'"
On the contrary, Khan has lost every penny he put in the Bulls, wouldn't you call that a "punishment"?
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| Quote ="pie.warrior"
Has the RFL been paid rent for Odsal or is that another debt to be shared by the other clubs....???'"
Other debt shared by clubs? I don't remember any clubs paying our debt.
Anyway for what it's with I wouldn't complain about the points deduction.
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| I have argued long and hard on this very forum that the actions taken so far by the rfl weren't necessarily proof of favour towards Bradford. I would find it very very difficult indeed to continue to do so should they avoid a points penalty for the latest farce.
It is not normal to enter administration during the takeover process, and would suggest underhand tactics were the best possible reason why this has occurred. Worst case being flagrant disregard for business practice, and a deliberate attempt to avoid debts known to the club.
This saga has been running for the best part of 3 years, yet not once has the club been seen to manage it's debts or reduce it's expenditure in any reasonable way, and continue to add to it through player signings which should be well beyond them in this situation.
I'm annoyed this has been allowed to happen yet again (in whatever capacity, even a minute of administration is far more than this club should be allowed to get away with) - I'd find it hard to imagine what state I'd be in should my club be under the threat of relegation.
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| Quote ="Sesquipedalian"Wakefield, under the Richardsons, entered Administration during the off season. They were bought from the Administrator before the new season began (actualy on the eve of the first game) yet they were deducted 6 competition points, later reduced to 4pts because Andrew Glover paid of a significant amount of the previous regimes debt.
No matter how they dress this up or spin it, Bradford have entered into Administration and should be subject to the same sanctions as Wakefield were, ie 6pt deduction reduced to 4pts if they pay some debts off.'"
In your quest for total equality, were Wakefield also fined one year's Sky money? If not, will they be voluntarily putting that amount in so it's fair?
Quote Furthermore, HMRC had served a winding up order on the Bradford Bulls and no amount of smoke screening can change that fact! '"
What smokescreening is that?
Quote This was not just a mechanism for a change of ownership, '"
It pretty much was, though. The deal to buy the club failed as Omar Khan wasn't paid the agreed money and the whole thing developed into a legal dispute which meant the club couldn't function as the people running it didn't own it. The pre-pack certainly resolved the impasse.
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| Quote ="Ferocious Aardvark"On the contrary, Khan has lost every penny he put in the Bulls, wouldn't you call that a "punishment"?'"
I would, doubt he would give a fsk about a points deduction for a club he doesn't own though.
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| Quote ="Ferocious Aardvark"In your quest for total equality, were Wakefield also fined one year's Sky money? If not, will they be voluntarily putting that amount in so it's fair?
What smokescreening is that?
It pretty much was, though. The deal to buy the club failed as Omar Khan wasn't paid the agreed money and the whole thing developed into a legal dispute which meant the club couldn't function as the people running it didn't own it. The pre-pack certainly resolved the impasse.'"
Bradford weren't fined any money either. They offered it as a sweetner to keep them in SL
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| Quote ="Ferocious Aardvark"In your quest for total equality, were Wakefield also fined one year's Sky money? If not, will they be voluntarily putting that amount in so it's fair?
What smokescreening is that?
It pretty much was, though. The deal to buy the club failed as Omar Khan wasn't paid the agreed money and the whole thing developed into a legal dispute which meant the club couldn't function as the people running it didn't own it. The pre-pack certainly resolved the impasse.'"
Did Wakefield have to form a new company to continue trading? No - therefore was it the same company who held a license since the last round of licensing? Yes. Therefore was there a need to apply for a new license? No. Did Bradford form a new company? Yes. Did the company that applied for a license exist at the end of the licensing period? No. Therefore did the new company need to apply for a new license? Yes. Should there of been conditions to this? Yes. Were there? Yes, an amount of the sky money.
I'm not sure why this is hard to understand, Bradford fans go on like this is the worst crime the rfl has ever committed. Do you want to know what the alternative was? Not allow you back into super league and then you'd of got NONE of the sky money - suddenly half isn't seeming so bad.
Other company's go into admin - though I don't think I've ever seen any company in any industry get in such a right royal mess as Bradford have here.
No the solution isn't to just go into administration - there are plenty of company's ran by people who don't own them - almost all company's in fact. I see plenty of mergers and takeovers every day, not once have I seen the company placed in administration for it. It's not a normal solution.
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