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| Quote ="SmokeyTA"no, but if you walk in to my bank and just take all the money, i'm more likely to blame the company doing security than the thief. '"
Oh, my aching sides...
What gauge of knitting needle are you using today?
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| Quote ="Charlie Sierra"I'm not arguing that.
Your claim was that "...club owners dont make money from RL?", clearly phrased to mean that you believe that club owners do make money from RL. If all profits are re-invested in the business, where is Caddick's slice?'"
It doesnt say all profits ever.
Also capital expenditure will increase the value of the business (you would hope) so 'Caddicks slice' even if he never took any profit out of the business and reinvested everything into capital expenditure would be in the value added to business.
i.e buy a business for £1m, make £1m a year for ten years, reinvest that £1m a year in capital expenditure, sell business for £11m (as a very simple example).
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| Am I the only one wondering how players contacted to BB2014 can play for OKBulls on the weekend?
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| Quote ="Anakin Skywalker"Am I the only one wondering how players contacted to BB2014 can play for OKBulls on the weekend?'"
Nope I'd like to know this also - especially given they're against London, and likely relegation candidates themselves
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| Quote ="Wooden Stand"Don't wish to be rude.'"
then change the habits of a lifetime and try not being
Quote ="Wooden Stand"But when I suggested you read the RFL Articles, you said you didn't need to.... ...'"
Which is true. I am familiar with the documents and have copies. I know the fundamentals of what's in them and know where to look. The quotes were to provide direct evidence to conclusively rebut spurious points made by various posters including you. I didn't need to read the Articles, but quoted for the benefit of those who clearly do.
As always, HTH.
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| Quote ="Anakin Skywalker"Am I the only one wondering how players contacted to BB2014 can play for OKBulls on the weekend?'"
You're not.
Reaching for the Paracetamol, so far as I know OKB remains a member of the RFL and of SLE. I haven't read anywhere of its memberships being revoked.
I'm not sure the contracts would be an obstacle. But if the players' registrations are held by BB2014... ?
What an unholy mess. No doubt the RFL are jumping about with paperwork for some temporary complex fudge as we speak.
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| Quote ="SmokeyTA"It doesnt say all profits ever. '"
And I never used the word "ever". I was referring to the news article you quoted which detailed Leeds' profits for one year, all of which were re-invested. It's not my fault that you didn't make it clear that you were alluding to a wider principle, namely Quote ="SmokeyTA"Also capital expenditure will increase the value of the business (you would hope) so 'Caddicks slice' even if he never took any profit out of the business and reinvested everything into capital expenditure would be in the value added to business.
i.e buy a business for £1m, make £1m a year for ten years, reinvest that £1m a year in capital expenditure, sell business for £11m (as a very simple example).'"
which is a reasonable scenario, though I imagine Chris Caisley had a similar plan when Bradford were a force. Now there's nothing left to crystalise...
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| Quote ="Anakin Skywalker"Am I the only one wondering how players contacted to BB2014 can play for OKBulls on the weekend?'"
and lets be honest, do they want to?
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| Quote ="Ferocious Aardvark"You're not.
Reaching for the Paracetamol, so far as I know OKB remains a member of the RFL and of SLE. I haven't read anywhere of its memberships being revoked.
I'm not sure the contracts would be an obstacle. But if the players' registrations are held by BB2014... ?
What an unholy mess. No doubt the RFL are jumping about with paperwork for some temporary complex fudge as we speak.'"
Let me check I'm up to date:
Okbulls are a member of sle, and hold a super league licence. This couldn't be transfered over because the rfl control the licences, and assumedily would only grant one to bb2014 after the sale was complete.
The administrator jumped the gun slightly, and transfered over all the assets of okbulls to bb2014 (causing the carvell issue) before the auction process was completed. This is presumably because Moore and co were planning on using the clubs funds to buy the club, so needed access to the assets before they could pay for them.
Bb2014 were granted a temporary 28 day super league licence to start the season. This was presumably going to transform into full licence after the sale was complete.
So bb2014 hold a temporary licence and the players for however long is remaining of the 28 day licence (it was the start of few so can't be long?) - what bb2014 doesn't have is any directors or money, and is essentially a failed shell company. But should be able to compete until that licence runs out.
Has bb2014 been placed in administration?
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| Quote ="Magic Superbeetle"Let me check I'm up to date:
Okbulls are a member of sle, and hold a super league licence. This couldn't be transfered over because the rfl control the licences, and assumedily would only grant one to bb2014 after the sale was complete.
The administrator jumped the gun slightly, and transfered over all the assets of okbulls to bb2014 (causing the carvell issue) before the auction process was completed. This is presumably because Moore and co were planning on using the clubs funds to buy the club, so needed access to the assets before they could pay for them.
Bb2014 were granted a temporary 28 day super league licence to start the season. This was presumably going to transform into full licence after the sale was complete.
So bb2014 hold a temporary licence and the players for however long is remaining of the 28 day licence (it was the start of few so can't be long?) - what bb2014 doesn't have is any directors or money, and is essentially a failed shell company. But should be able to compete until that licence runs out.
Has bb2014 been placed in administration?'"
not quite, what seems to have happened is that the OKBulls went in to admin, BB2014 then tried to buy them, this was accepted by everyone except the administrator who needed to give 28 days for any other party to come forward. So everything was transferred over to BB2014 who were given a 28 day licence by the RFL to meet the demands of the administrator.
That 28 days seems to have expired because the administrator had accepted the BB2014 offer and rejected the other offers. Whilst that deal was being completed the RFL handed down a 6 point penalty, this led BB2014 to withdraw their offer to buy the assets so you would assume everything reverts back to OKBulls.
However it has been confirmed that by RHP that the players (and staff) were Tupe'd over to the new company, questions arise over whether they can be tupe'd back to a company which is insolvent.
it wasnt really that the administrator jumped the gun, more that OKBulls couldnt trade, BB2014 could, and with the season starting the assets needed to be with a company who could trade so that games could be played etc. So a temporary fudge was found whereby OKBulls would transfer the assets and staff to BB2014, BB2014 would be given a 28 temporary licence, and the administrator would spend 28 days trying to find a better buyer for OKbulls 2014.
Its also worth noting that it was confirmed by RHP that any other buyer would need to purchase OKbulls and not just the assets to transfer to a newco as BB2014 did.
it doesnt seem that BB2014 has been placed in to administration yet but they have withdrawn their offer to buy the club so may not have to pay for anything
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| Why can nothing ever be simple? Why are we trying to break new ground in contract & employment law that hasn't been remotely considered before? And why is it fudgey? I prefer caramel.
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| Quote ="Highlander"Why can nothing ever be simple? Why are we trying to break new ground in contract & employment law that hasn't been remotely considered before? And why is it fudgey? I prefer caramel.'"
Is this where Chris Caisley rides in on a white steed to argue employment law and possibly win one?
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| Quote ="SmokeyTA"...
Its also worth noting that it was confirmed by RHP that any other buyer would need to purchase OKbulls and not just the assets to transfer to a newco as BB2014 did.'"
As if that could ever happen! there is more chance of someone purchasing Nigel Wood's old underpants. I mean, honestly!
Quote ="SmokeyTA"...it doesnt seem that BB2014 has been placed in to administration yet but they have withdrawn their offer to buy the club so may not have to pay for anything'"
If their offer was still pending and they withdrew it before it was formally accepted then no, they don't owe the administrator anything. But there is the unresolved matter of having all the employees that were - we were told - TUPE'd over to them.
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| Quote ="SmokeyTA"questions arise over whether they can be tupe'd back to a company which is insolvent.
'" And that is the key question.
I for one can't see how they can. Now we could have a situation were a player is contracted to BB2014 but has his registration held by OKBulls.
I can see the RFL fudging it by using the excuse 'They are all one club with that being the Bradford Bulls' as a reason to return the registrations.
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| Quote ="Ferocious Aardvark"icon_eek.gif
As if that could ever happen! there is more chance of someone purchasing Nigel Wood's old underpants. I mean, honestly!
If their offer was still pending and they withdrew it before it was formally accepted then no, they don't owe the administrator anything. But there is the unresolved matter of having all the employees that were - we were told - TUPE'd over to them.'" I can see any new owner having to buy both OKBulls (Licence, Ground, Player reg's etc) and BB2014 (Staff contacts) just to make sense of it.
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Pretty much the same as Hudgell IE ,feel sorry for the fans but the club is now getting exactly what it deserves.
Its a good job they dont read the VT or the bradford messageboard or the sympathy for the fans would disappear as well.
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Pretty much the same as Hudgell IE ,feel sorry for the fans but the club is now getting exactly what it deserves.
Its a good job they dont read the VT or the bradford messageboard or the sympathy for the fans would disappear as well.
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| Quote ="Anakin Skywalker"And that is the key question.
I for one can't see how they can. Now we could have a situation were a player is contracted to BB2014 but has his registration held by OKBulls.
I can see the RFL fudging it by using the excuse 'They are all one club with that being the Bradford Bulls' as a reason to return the registrations.'"
I'd personally be OK with some kind of fudged solution just to get through this mess. But it could be open to legal challenge by a club who ended up getting relegated, should Bradford survive and thrive.
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| Quote ="Ferocious Aardvark"icon_eek.gif
As if that could ever happen! there is more chance of someone purchasing Nigel Wood's old underpants. '"
Hell of a lot of mopping up to be done in the Somerset Levels.
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| Quote ="Anakin Skywalker"Am I the only one wondering how players contacted to BB2014 can play for OKBulls on the weekend?'"
Why has the club gone back to OK Bulls,why cant it just be in the hands of the administrator?
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| because the OKbulls are the entity in the hands of the administrator.
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| So will it be the administrator who is responsible for making sure the players are registered and insured to play?
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| Quote ="j.c"So will it be the administrator who is responsible for making sure the players are registered and insured to play?'"
well the answer to that seems to be whatever someone pulls out of their ass next because the players work for BB2014 according to RHP, so would need to be tupe'd back to the old business then registered and insured. Right now all the Bradford Bulls players work for a company which doesnt play Rugby League.
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| Quote ="Ferocious Aardvark"icon_eek.gif
But there is the unresolved matter of having all the employees that were - we were told - TUPE'd over to them.'"
...and quite possibly the issue of which business received the recent £300k Sky payment and which business banked the matchday takings from the home game versus Cas ? Was it OKB (via the administrator) or was it BB2014 (who had temporarily assumed ownership) ?
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| Quote ="j.c"Pretty much the same as Hudgell IE ,feel sorry for the fans but the club is now getting exactly what it deserves.
Its a good job they dont read the VT or the bradford messageboard or the sympathy for the fans would disappear as well.'"
One or two are letting themselves down. Not all though.
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| Quote ="Derwent"...and quite possibly the issue of which business received the recent £300k Sky payment and which business banked the matchday takings from the home game versus Cas ? Was it OKB (via the administrator) or was it BB2014 (who had temporarily assumed ownership) ?'"
Or more to the point, will the £300k payment and the matchday takings from the Cas home game ever be accounted for now?
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