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I hope we get to see him play for us this season.
great player!
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| Quote ="Buck Tarbrush"Multi grand final winner under 3 different coaches , Kirke by plenty .
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And Leroy Rivett has a Lance Todd Trophy. Doesn't mean he was any good.
All squads need the Kirkes of the world. The reliable, average plodders that don't cost much but are professional and don't really let you down. But in the same breath, he's not half the player that Kyle Amor is. |
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I have been told by 2 separate people this week,unconnected by the way, there is big news happening behind the scenes at Odsal regarding the owners. More new owners will be in place before the season starts, apparently only way to get rid of Omar once and for all.
Now if this turns out to be wrong,I will say don't shoot the messenger.If it turns out to be true obviously I will take the plaudits.
Make of this what you will
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Why is it the NRL can actually bang heads and sort things out unlike the useless apologies at Sod Hall
www.dailytelegraph.com.au/sport/ ... 6814290381
That sort of pro active approach may have sorted out the Bulls situation well before it imploded! |
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Why is it the NRL can actually bang heads and sort things out unlike the useless apologies at Sod Hall
www.dailytelegraph.com.au/sport/ ... 6814290381
That sort of pro active approach may have sorted out the Bulls situation well before it imploded! | |
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Interesting if true
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| Quote ="roger daly"I have been told by 2 separate people this week,unconnected by the way, there is big news happening behind the scenes at Odsal regarding the owners. More new owners will be in place before the season starts, apparently only way to get rid of Omar once and for all.
Now if this turns out to be wrong,I will say don't shoot the messenger.If it turns out to be true obviously I will take the plaudits.
Make of this what you will'"
So far as what he have to date been told, Omar had either sold, or agreed to sell, all the shares to MM and RW, but they never paid. I was at the fans meeting when they publicly declared that Omar "wouldn't get a penny". I therefore think it is very harsh to talk about "getting rid of Omar" when it seems agreed by all sides that a deal was done, Presumably had Omar been paid then that would have been that. No additional owners would be needed to "get rid of Omar". Why on earth would he require that?
So who is/would be selling? Have the shares changed hands now? Seems to me that on paper they most likely are still Omar's, and that ties in with what you have heard as if they were not, then Omar would already be history, certainly so far as the club was concerned.
Also, you might not like his style, but that is no way to talk about the man who pretty much single-handedly saved the club we support from going out of existence and indisputably ploughed a load of his own money in. For my part, I will always be grateful to him for that.
How could we have new owners, if they have not been approved by the RFL? I heard a story that at least one proposed new owner had been in touch with the RFL very recently and basically got knocked back. I am unclear as to the reasons, but they cannot have been connected with being a fit and proper person as I believe no inquiry into that was done.
And perhaps more to the point, how do they get past the security company that was given a debenture over the club? Presumably they would need to be paid off in full first. How much would that be now? I bet the interest piling up ain't at a quarter of a percent.
It does seem that the only obvious way to sort out the mess would be a deal that saw the shares change hands, with OK and the security company getting paid off, so it would have to be someone who had the resources and willingness to pay all that before they got the Odsal keys. |
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| Quote ="Ferocious Aardvark"
So who is/would be selling? Have the shares changed hands now? Seems to me that on paper they most likely are still Omar's, and that ties in with what you have heard as if they were not, then Omar would already be history, certainly so far as the club was concerned.
'"
I think there is two or three issues:
1) Transfer of the shares - so OK wont have any ownership
2) Repayment of his loan - as though he did put money in - he wants it back
3) Sorting out the "payday" loan OK's idiot Whitecut landed us with.
It is absolutely true OK's actions saved us from the block at the end of 2012, but it seems that he - or the "managers" he brought in marched us straight back to the brink at the end of last season |
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More owners in the next two weeks? Mmmm, they are have to get a move on!
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I thought this thread was going to be about Jimmy Savile.
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Quote ="Northernrelic"I think there is two or three issues:
1) Transfer of the shares - so OK wont have any ownership
2) Repayment of his loan - as though he did put money in - he wants it back
3) Sorting out the "payday" loan OK's idiot Whitecut landed us with.
It is absolutely true OK's actions saved us from the block at the end of 2012, but it seems that he - or the "managers" he brought in marched us straight back to the brink at the end of last season'"
What is this "repayment of his loan" bit? I haven't heard anything about this, has there been any report of any such thing? Wasn't said or even hinted at at the fans meeting.
Re the "payday loan" - if as appears that was done by Whitcut after OK had left then TBF you can hardly have a go at OK for it. He never did any such thing all the time he was in charge. I spent a few minutes recapping on what's come out:
You say "sorting out". You mean "repaying", but who borrowed it? I mean, I know that in effect the Bulls are in the position of guaranteeing it by way of the debenture, but did the Bulls take out the loan? If so - what for?
Quote ="bobsmyuncle"Safeguard Security Group Ltd of Leeds hold a Deed of Debenture over OK Bulls Ltd dated 30/9/2013.
It represents a fixed and floating charge over assets and is payable on demand.'"
OK announced he was out on 25 September so BEFORE the date of that debenture. Unless anyone knows different, this indicates to me he was nothing to do with it.
Quote ="Northernrelic"But this transaction seems to be have been for directors to take a loan from the company in order to fund their purchase of shares as individuals from the existing shareholder'"
That at least makes sense, though some time ago I replied to that, to the effect that I hadn't seen anything anywhere suggesting that MM was anything to do with that loan, just RW. Nobody has to date said different so far as I know.
Anyway, the obvious questions remain - what was that money for, and where did it go? Nobody has suggested it being siphoned away or otherwise 'disappearing' so presumably the Bulls got it, and still "have" it, either in the bank or else have spent it on eg wages.
[iIF[/i the money (however obtained) was in the event needed for the general running costs then presumably but for that money we'd have been stuffed unless a similar sum had been sourced from some other lender. And [i if [/ithe Bulls did benefit from the money then it seems fair enough that they should repay it, wouldn't you say? I'm not sure there's a queue of lenders to rugby league clubs these days.
OK claimed to have a binding contract to sell his shares to MM and RW for £300,000 :-
www.totalrl.com/web/bradford-bul ... nresolved/
In the same article, it says the debenture holder was wanting "repayment of its £180,000". If that is right, that [icould[/i be £150K loan and £30K interest/profit/charges. £150K is half of £300K. |
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Quote ="Northernrelic"I think there is two or three issues:
1) Transfer of the shares - so OK wont have any ownership
2) Repayment of his loan - as though he did put money in - he wants it back
3) Sorting out the "payday" loan OK's idiot Whitecut landed us with.
It is absolutely true OK's actions saved us from the block at the end of 2012, but it seems that he - or the "managers" he brought in marched us straight back to the brink at the end of last season'"
What is this "repayment of his loan" bit? I haven't heard anything about this, has there been any report of any such thing? Wasn't said or even hinted at at the fans meeting.
Re the "payday loan" - if as appears that was done by Whitcut after OK had left then TBF you can hardly have a go at OK for it. He never did any such thing all the time he was in charge. I spent a few minutes recapping on what's come out:
You say "sorting out". You mean "repaying", but who borrowed it? I mean, I know that in effect the Bulls are in the position of guaranteeing it by way of the debenture, but did the Bulls take out the loan? If so - what for?
Quote ="bobsmyuncle"Safeguard Security Group Ltd of Leeds hold a Deed of Debenture over OK Bulls Ltd dated 30/9/2013.
It represents a fixed and floating charge over assets and is payable on demand.'"
OK announced he was out on 25 September so BEFORE the date of that debenture. Unless anyone knows different, this indicates to me he was nothing to do with it.
Quote ="Northernrelic"But this transaction seems to be have been for directors to take a loan from the company in order to fund their purchase of shares as individuals from the existing shareholder'"
That at least makes sense, though some time ago I replied to that, to the effect that I hadn't seen anything anywhere suggesting that MM was anything to do with that loan, just RW. Nobody has to date said different so far as I know.
Anyway, the obvious questions remain - what was that money for, and where did it go? Nobody has suggested it being siphoned away or otherwise 'disappearing' so presumably the Bulls got it, and still "have" it, either in the bank or else have spent it on eg wages.
[iIF[/i the money (however obtained) was in the event needed for the general running costs then presumably but for that money we'd have been stuffed unless a similar sum had been sourced from some other lender. And [i if [/ithe Bulls did benefit from the money then it seems fair enough that they should repay it, wouldn't you say? I'm not sure there's a queue of lenders to rugby league clubs these days.
OK claimed to have a binding contract to sell his shares to MM and RW for £300,000 :-
www.totalrl.com/web/bradford-bul ... nresolved/
In the same article, it says the debenture holder was wanting "repayment of its £180,000". If that is right, that [icould[/i be £150K loan and £30K interest/profit/charges. £150K is half of £300K. | |
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Is there any evidence/statement/report that would indicate that the club owe any other amounts than the £180k FA refers to (accepting it may possibly be 50% of 300k) ie a significant amount to OK?
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FA I said quite clearly the payday loan was down to Whitecut for whatever reason - but OK brought in Whitecut which seems to have been a near fatal mistake for the club.
As to what these loans were for think it is pretty simple that as had become the norm we were spending more than we were bringing in and needed to plug the gap in some way if just to pay the wages.
Fortunately the new guys seem to understand the danger of spending more than your income so I take comfort in that for the future.
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Worrying bit in there is bit about seeking to avoid a points deduction. Any deduction would make it virtually impossible to avoid relegation IMO.
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wow - clearing debts again.
I suspect we may get an influx of other clubs fans coming on here to state we should be relegated.
I did notice the play of words in the article " the board of directors have stated their intentions to continue to work with creditors." Doesn't mean they will all be paid what is owed in full.....
And before someone begins quoting me saying that is doesn't mean they won't, it would have been easy to say the same in the press release, avoiding me from making this assumption!
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Quote ="daveyz999"wow - clearing debts again.
I suspect we may get an influx of other clubs fans coming on here to state we should be relegated.
I did notice the play of words in the article " the board of directors have stated their intentions to continue to work with creditors." Doesn't mean they will all be paid what is owed in full.....
And before someone begins quoting me saying that is doesn't mean they won't, it would have been easy to say the same in the press release, avoiding me from making this assumption!'"
www.london-gazette.co.uk/issues/60768/pages/1981 |
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Quote ="daveyz999"wow - clearing debts again.
I suspect we may get an influx of other clubs fans coming on here to state we should be relegated.
I did notice the play of words in the article " the board of directors have stated their intentions to continue to work with creditors." Doesn't mean they will all be paid what is owed in full.....
And before someone begins quoting me saying that is doesn't mean they won't, it would have been easy to say the same in the press release, avoiding me from making this assumption!'"
www.london-gazette.co.uk/issues/60768/pages/1981 | |
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| Quote ="bigalf"www.london-gazette.co.uk/issues/60768/pages/1981'"
Interesting - looks like its the Inland Revenue who have made the application to liquidate. Surely the tax man is the main person you want to clear your debts with, more so than the loan companies? |
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| hmmmm. So the rugby club Bradford bulls was transferred from OK BUlls to Bradford Bulls 2014. OK Bulls was then placed into Administration. Bradford BUlls 2014 to operate the Bradford Bulls in SL whilst honouring/working with debts from Ok Bulls. With the agreement of the RFL and seeking to avoid points reduction?
I cant see any mileage in this thread...they'll be no hand wringing, demands, trolling and making assumptions on here.....should be nice and quiet for a few days for the mods.... 
...im off to lie down in a darkened room for a few days, see you all when the season starts!
#exits stage left#
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Mat you should not worry about relegation. Your squad is strong with some very talented players. Have a look at the London and Wakefield squads, even if you get a four point penalty you will finish above London and Wakefield with ease.
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One numpty Mr Mitchel from Barnsley has already said we should be deducted points. He seems to forget about Salford and London doing the same thing without sanction.
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I was told last Sunday,admin was coming and new company/owners already agreed with RFL,no points deduction and no fine.I was then told again yesterday,by different person,admin already done with new owners,all ok'd by RFL,that's when and why I started this thread and also Mr Caisley was involved somewhere along the lines.
Adeybull sorry I haven't replied to your PM,suppose it's a bit pointless now my friend
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| Interesting times.
I expect our friends in Keighley, Halifax and Wakefield will be on here pretty soon  |
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| Quote ="Number11"One numpty Mr Mitchel from Barnsley has already said we should be deducted points. He seems to forget about Salford and London doing the same thing without sanction.'"
I can only respond on the Salford situation. They did not go into Administration. A CVA was passed with ALL Creditors to be repaid in full.
There is a world of difference between paying the creditors and forming a new Company to shield them.
Personally staggered that the RFL have allowed this to happen and as for seeking no points deduction - well thats just sly and wrong. I think I know who is behind all this and I have never trusted that man one inch. |
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| Quote ="Bullseye"Interesting times.
I expect our friends in Keighley, Halifax and Wakefield will be on here pretty soon
'"
It's all over the Wakey board. Some of their fans are obsessed with us. |
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'"
