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| Quote ="Maccbull_BigBullyBooaza"Did you copy and paste this from earlier?'"
I did pose the question "How can Bradford afford all these signings?" in July 2013. But all the Bradford fans that responded said everything was fine.....
e.g. "Trust me, we are operating well below the salary cap, therefore there is no issue!!
Next..... "
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| Quote ="Charlie Sierra"Just to get it straight in my head, the withholding of central funds was to repay this unknown loan? In that case I don't see why that money should have been distributed to the other clubs, unless there was some punitive element involved because Bradford had an advantage from the loan?
As to your final point, recent events suggest that an offer to the administrator isn't always final.'"
It was NOT to repay the loan, that was covered by the RFL taking over the lease to Odsal and charging the Bulls a rent to play there and maintain the ground. The 1 year sky money was because a majority...not all the clubs .....decided to flex their collective might as they were extremely unhappy about the secret un-secured loan to the Bulls and the subsequent taking over the lease when it was realised that bradford had not made any payments in the last year on the loan and looked likely never to be able to pay off the loan. Some clubs felt the RFL had overstepped the mark in the assistance that had been given to the bulls.....
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| Quote ="Wooden Stand"I did pose the question "How can Bradford afford all these signings?" in July 2013. But all the Bradford fans that responded said everything was fine.....
e.g. "Trust me, we are operating well below the salary cap, therefore there is no issue!!
Next..... "'"
That's quite some time to be banging on about a club you don't even support.
I'm actually not sure the playing staff are the reason OK Bulls ran at a loss TBH. When they were running concerts that lost 170 thousand pounds (estimate) or losing unbelievable amounts on the bar it's makes you think otherwise.
Still it's all my fault as a fan of the club. If that's the case is this some way of reflecting your own guilt for Keighley going into admin and leaving Colin Farrar massively out of pocket?
That was his own personal money too you must feel terrible.
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| Quote ="pie.warrior"The 1 year sky money was because a majority...not all the clubs .....decided to flex their collective might as they were extremely unhappy about the secret un-secured loan to the Bulls and the subsequent taking over the lease when it was realised that bradford had not made any payments in the last year on the loan and looked likely never to be able to pay off the loan. Some clubs felt the RFL had overstepped the mark in the assistance that had been given to the bulls.....'"
So the majority of clubs actually came up with that idea, rather than it being suggested by OK and accepted by the majority of clubs? It's quite an important distinction.
Either way, I guess that in future, if Big Nige offers a struggling club a brown envelope with a nudge and a wink, they'd be wise to think twice about it; the RFL's 'secret' help for the Bulls hasn't exactly turned out to be much help at all has it?
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| Quote ="pie.warrior"It was NOT to repay the loan, that was covered by the RFL taking over the lease to Odsal and charging the Bulls a rent to play there and maintain the ground. The 1 year sky money was because a majority...not all the clubs .....decided to flex their collective might as they were extremely unhappy about the secret un-secured loan to the Bulls and the subsequent taking over the lease when it was realised that bradford had not made any payments in the last year on the loan and looked likely never to be able to pay off the loan. Some clubs felt the RFL had overstepped the mark in the assistance that had been given to the bulls.....'"
OK, thanks for that.
I can sort of see why some of the other clubs would object if Bradford had had the benefit and theoretical advantage of a loan which they weren't repaying.
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| Quote ="pie.warrior"It was NOT to repay the loan, that was covered by the RFL taking over the lease to Odsal and charging the Bulls a rent to play there and maintain the ground. The 1 year sky money was because a majority...not all the clubs .....decided to flex their collective might as they were extremely unhappy about the secret un-secured loan to the Bulls and the subsequent taking over the lease when it was realised that bradford had not made any payments in the last year on the loan and looked likely never to be able to pay off the loan. Some clubs felt the RFL had overstepped the mark in the assistance that had been given to the bulls.....'"
That is what i understood and i think that the amount each club got from their share of the Sky money was about equal to what the Bulls had not paid back in the loan to the RFL.
I sometimes wonder whether the actions of the clubs was as much to punish the RFL for their behind the scenes activity with the Bulls as much as it was about disadvantging the Bulls although it did have that effect on the Bulls.
Trouble is we will never know because no one on either side has released the details of exactly what was said by whom and when and for what reason.
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| Just something from League Weekly (sorry mods, I couldn't find an online link for the story)
Quote THE crisis-hit Bradford Bulls drama took yet another unexpected twist last week when the three directors of the club withdrew their interest, following news of ‘draconian’ penalties being imposed by the RFL.
Mark Moore, Andrew Calvert and Ian Watt felt they had no option but to walk away from the beleaguered Super League club after being hit with the maximum six point penalty deduction as well as being put in ‘special measures’, effectively meaning they could sign no new players this season, as they battled to stay in the top division.
On Tuesday Moore led a scathing attack on the RFL which was met with a vigorous response by Chief Operating Officer Ralph Rimmer (see right). As a result of that, the three men have started legal proceedings for defamation, claiming Rimmer is effectively accusing them of lying.
As coach Francis Cummins tried to keep his squad focussed on the visit of fellow basement strugglers London, news emerged that prop Nick Scruton was departing for Wakefield Trinity Wildcats.
Moore, Calvert and Watt along with fellow director Robbie Hunter-Paul put yesterday’s game on but the three investors say that was their last action on behalf of the club.
Administrator David Wilson was due to meet RFL officials at 8.30am today (Monday) to discuss the situation.
An RFL spokesman indicated that there had been two more “expressions of interest” in the Bulls as recently as Thursday and Friday, on top of the three that had already been submitted, those interested parties being Bradford Park Avenue Football Club, London-based businessman Richard Lamb and – reportedly – renewed interest from Omar Khan.
IT WAS the fairytale romance, the dream marriage that has hit the rocks before the wedding register has even been signed. And it is turning into as bitter as any acrimonious divorce, with lawyers hovering on all fronts. It appears there will be no happy ever after for Mark Moore, Andrew Calvert, Ian Watt and their hopes to restore the Bradford Bulls to the club’s former glories.
The three men who have poured all their energies – and significant amounts of money – into trying to salvage the Bulls over the past five months have launched a blistering attack on the way the RFL has treated them, and spoken out to set the record straight.
Among their allegations and revelations are that:
+ Rival Bulls bidder Richard Lamb told them in advance they would be docked six points by the RFL, claiming he had been told that by RFL Director of Compliance Blake Solly;
+ The true level of debt they inherited from Omar Khan and OK Bulls Ltd was almost £1.5 million;
+ That they had pledged to pay back all creditors except Omar Khan in five years or less;
+ That they were led to believe by Blake Solly and Ralph Rimmer that their rescue plan met the approval of the RFL, with a suggestion initially they would receive no points deduction, and even after the club went into administration that it wouldn’t be worse than four points;
+ Defamation proceedings have been started against the RFL following comments by Ralph Rimmer last week which they say implies they are liars.
Mark Moore also insisted: “Can we reassure fans that we have not walked away because of the six point penalty, as has been widely portrayed. It was because of the incompetence of the RFL and the dirty tricks of the RFL.
“With the points deduction, the special measures, the financial penalties, basically we were going from being Omar Khan’s minions to the RFL’s minions.
“We couldn’t get any new players – and in addition they wanted us to put our houses up as guarantees. If we weren’t in Super League next year they would come after us personally!
“We have every faith in Francis Cummins and that group of players that they can overcome the points deficit. This is about much more than that.”
Ian Watt said of the penalty: “I think they (the RFL) expected us to roll over and take it.”
Moore said: “We have tried to negotiate with them and suggested going to an independent tribunal which they indicated was possible and would take seven to 10 days to set up.
“But when we asked how independent it would be, we were told the RFL would put the panel together – and then Ralph Rimmer asked what we wanted a tribunal for? We knew the writing was on the wall.”
MARK MOORE and Andrew Calvert came on board last year as Omar Khan looked for 14 investors to contribute £50,000 each to keep the Bulls afloat.
Once the Asian restaurateur walked away through ‘ill health’ Moore, first with Ryan Whitcut and then later with Calvert and Watt, threw himself into trying to save the club.
Eventually, as they kept discovering new black holes of debt and Omar Khan kept moving the goalposts in terms of selling his shares to the men, they resigned. “We couldn’t operate within a structure in which we had no power to make decisions with Omar able to just come in and just sack us if he wanted,” said Moore.
They agreed to keep the club running temporarily as the RFL tried to find a long-term solution. A big blow to their ambitions, and which ultimately forced the club into administration, was discovery of a £150,000 loan Ryan Whitcut had taken out, at punitive interest rates.
On January 23rd they had a meeting with Solly and Rimmer at which they are adamant that they were told that if they met all the creditors no points would be deducted, but that the decision would have to be ratified by the RFL Board.
They also said that as part of that process they were given only temporary permission to operate the club – for 28 days – so that the RFL ‘could go through the motions’ of looking for a better offer for the club.
On February 7th they presented the RFL with a business plan which showed them requiring a £500,000 advance on next year’s tv money in order to get through this season.
By Thursday February 20th, the day before the RFL board decided their penalties, and with progress being made on a range of both cost cutting and new sponsorship deals, they had updated that projection to just a £100,000 shortfall for 2014.
The men said they went back to see the RFL last Monday hoping for the go-ahead.
“We went in with our plans and they weren’t interested,” said Watt. Calvert added: “Nigel Wood said he had only seen our cash flow (forecast) 20 minutes earlier.”
Moore said there wasn’t even an agenda for the meeting. The men described it as being a situation where the RFL Chief Executive was “the bully” and Blake Solly “the executioner”.
ONE of the sticking points between the Bulls directors and the RFL has been a debt of around £170,000 to HMRC. Although they said they were willing to meet that debt, they have been told – by the RFL, not HMRC – that unless all creditors are paid in full, HMRC will not accept payment by a new business.
In addition the RFL says the tax authorities are now insisting that whoever comes into take over the business must have a six figure bond, owing to the business having failed twice in such a short period of time.
Moore, Watt and Calvert say they have not even had the chance to have that conversation with HMRC.
THE THREE men say not only themselves, but their families have paid a massive price over the past five months, trying to keep the Bulls afloat.
“The fact is,” said Andrew Calvert, “that this has only ever been about the survival of the Bulls. We’ve always said that if a Roman Abramovich figure came in we would happily step aside.” Moore added: “I was even chairing meetings for the two prospective buyers (Bradford Park Avenue and Richard Lamb) because that was when Richard Lamb told us he already knew that we’d be deducted six points.”
Last weekend alone Ian Watt’s wife spent 40 hours at Odsal helping to stage an event.
Andrew Calvert said: “We’re speaking out because people need to understand about the governance of Rugby League and people have to know the RFL will say one thing in private and another thing in public, not just about the Bradford Bulls. We’ve been the victims of a stunning about turn.
“People have to know because this could happen to Wakefield, London, Widnes – anyone.'"
Add to that the RFL are seemingly desperate for this whole affair to be kept out of the public eye.
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| Quote ="roofaldo2"Just something from League Weekly (sorry mods, I couldn't find an online link for the story)
Add to that the RFL are seemingly desperate for this whole affair to be kept out of the public eye.'"
Or, after giving their view, legal proceedings should be kept to the courtroom? Heaven forbid the sport does it's dirty laundry in public.
Edit: surely saying the rfl played "dirty tricks" is defamation in itself? How dare they play tricks like following the rule book!
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| Quote ="Magic Superbeetle"Or, after giving their view, legal proceedings should be kept to the courtroom? Heaven forbid the sport does it's dirty laundry in public.
Edit: surely saying the rfl played "dirty tricks" is defamation in itself? How dare they play tricks like following the rule book!'"
Really? Because they didn't seem to mind calling Moore & Co liars in the press last week.
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| Quote ="roofaldo2"Really? Because they didn't seem to mind calling Moore & Co liars in the press last week.'"
Which they have gotten called every name under the sun as. Shockingly, that might have invoked a change in tact.
Further, I didn't think uk law (especially defamation law) allowed for further details to be allowed public? What else can they say? They're in a dangerous position with this, they must be pretty convinced they have a water tight case - it will be interesting to see how it develops.
Just as a point - it says total debts they had to take on were 1.5 mill, and the had planned to pay "it all back within 5 years to everyone except ok" (I didn't know we were allowed to pick and choose the creditors we paid, I don't think I fancy paying the electric this month, do you think they'll mind?) didn't bulls owe ok 900,000 aka a pretty major chunk of the debt!?
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| Are we all still remembering that OK was in charge of the business when it ran up the debts they were paying the price for?
If I was paying *his* debts im not sure I'd consider him a creditor either.
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| Quote ="vbfg"Are we all still remembering that OK was in charge of the business when it ran up the debts they were paying the price for?
If I was paying *his* debts im not sure I'd consider him a creditor either.'"
I'm sorry I'm fairly certain that they were *bradfords* debts. Whether he was CEO or tea lady, the by the way he put money into the company, they were the company's debts that any future owners would be responsible for.
You can't pick and choose your debts! It simply doesn't work like that! Whether they agreed with the way he went about business or not. He could of slept with moores wife, it doesn't make a difference. A creditor is a creditor is a creditor.
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| Quote ="Magic Superbeetle"I'm sorry I'm fairly certain that they were *bradfords* debts.'"
No, Bradford had nothing to do with it. The entity was OK Bulls, the company which operated the license awarded to the Bradford club. Do keep up, and keep your sexual fantasies in your trousers.
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| Quote ="vbfg"No, Bradford had nothing to do with it. The entity was OK Bulls, the company which operated the license awarded to the Bradford club. Do keep up, and keep your sexual fantasies in your trousers.'"
And to have transfer of assets, you need to transfer the debts as well (I was using Bradford as a shell for whatever company is currently the holding company!)
Otherwise, I'd set up 2 business's, get 1 to take out a £100mil loan - place in admin, transfer over the cash assets with none of the debt to my second company, and liquidate the first
Hence whatever debts ok bulls had (including those to ok) would of also been held by bb2014 with the tupe I believe (I could of course be wrong, but then again I'm not even sure financial experts could unravel this mess!)
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| Quote ="Magic Superbeetle"I was using Bradford as a shell for whatever company is currently the holding company!'"
I know, and I was being a pedantic 2@. Pretty sure that's how the game works.
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| Quote ="pie.warrior"It was NOT to repay the loan, that was covered by the RFL taking over the lease to Odsal and charging the Bulls a rent to play there and maintain the ground. The 1 year sky money was because a majority...not all the clubs .....decided to flex their collective might as they were extremely unhappy about the secret un-secured loan to the Bulls and the subsequent taking over the lease when it was realised that bradford had not made any payments in the last year on the loan and looked likely never to be able to pay off the loan. Some clubs felt the RFL had overstepped the mark in the assistance that had been given to the bulls.....'"
You're correct on everything but the timescales. In fact I've been making this case for two thick end of two years.
Just to clarify the Bulls received a Grade B license at the end of July 2011.
The RFL purchase of the lease was announced in January 2012. There was no possibility of a developer gaining ownership and development rights through ownership of the Bulls as BMDC owned the freehold and lease stipulated a rugby team played at the ground.
The Quest for Survival was announced in March 2012 whereupon it was made public that Peter Hood had approached the RFL in September 2011, requested and received a loan of £700k.
The RFL apparently approved the laon without requesting a further audit of the club's finances, placing any restrictions on the club signing players (as they did throughout the close season 2012/13) or even insisting Peter Hood call an extraordinary meeting of the shareholders to request their support, prior to approaching the RFL.
It is quite the most extraordinary sequence of events I have witnessed in over 40 years watching rugby league.
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| Quote ="vbfg"I know, and I was being a pedantic 2@. Pretty sure that's how the game works.'"
I do enjoy reading up on the rules and the like however the hmrc handbook is a bit ... Fiddly! I'll be back to answer whether the rfl were right in their requests for the bond! (If the answer even exists ... )
I struggle to see how Moore and co can win this case, anything short of dated emails, containing the documents, and rfl emails, confirming receipt and understanding of the new proposals leaves room for doubt. If it comes down to character, Moore is someone who has walked away twice after not getting what he wants, one time from a signed contract (which should be easy to prove) - to go from the rfl were helpful, and now were upset to receive a points penalty - to they played dirty tricks is a big step. I'll be interested to see how it develops.
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| HMRC can, and do, request security deposits from high risk businesses in relation to their future VAT liabilities. Paragraph 4(2a) of Section 11 of the 1994 VAT Act gives them the power to do this. They can apply it where they believe the new company is a high risk of failing to meet its VAT payments.
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| Quote ="Derwent"HMRC can, and do, request security deposits from high risk businesses in relation to their future VAT liabilities. Paragraph 4(2a) of Section 11 of the 1994 VAT Act gives them the power to do this. They can apply it where they believe the new company is a high risk of failing to meet its VAT payments.'"
So, the rfl were more on the ball than Moore and co. Good start (whether it was 6 figures or not can't be calculated I imagine?)
On a more pressing matter - I retread the article published - Moore and co put on Sundays game? If the assets had been returned to okbulls, surely they wouldn't of had the power to do so?
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What I got from that article was a lot of harsh words, but actually they confirmed that the business plan was reliant on a further loan from the RFL.
So at least that has been nailed down.
Those 3 do seem to like to sue though. So that's the RFL and OK that they are now suing????
They also seem to be making up things forgetting what they said before.
"I believe that we have been forced into making this decision, due to the Rugby Football League's proposed sanction of a six-point deduction, making relegation almost a certainty."
www.dailytelegraph.com.au/sport/ ... 6837795594
Can we reassure fans that we have not walked away because of the six point penalty, as has been widely portrayed.
So they portray the reason and then say that was not the reason. Not a very consistent message.
Also was it not those same people who put on the club website that they would get no points deducted, but then had to take it down and are now suggesting they where told it would only be 4 points.
It just comes across now like they are making it up as they go along.
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What I got from that article was a lot of harsh words, but actually they confirmed that the business plan was reliant on a further loan from the RFL.
So at least that has been nailed down.
Those 3 do seem to like to sue though. So that's the RFL and OK that they are now suing????
They also seem to be making up things forgetting what they said before.
"I believe that we have been forced into making this decision, due to the Rugby Football League's proposed sanction of a six-point deduction, making relegation almost a certainty."
www.dailytelegraph.com.au/sport/ ... 6837795594
Can we reassure fans that we have not walked away because of the six point penalty, as has been widely portrayed.
So they portray the reason and then say that was not the reason. Not a very consistent message.
Also was it not those same people who put on the club website that they would get no points deducted, but then had to take it down and are now suggesting they where told it would only be 4 points.
It just comes across now like they are making it up as they go along.
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| Does that really differ them from the RFL in that respect.
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| Quote ="bewareshadows"Those 3 do seem to like to sue though. So that's the RFL and OK that they are now suing???? '"
Khan is suing Moore and Whitcut, not the other way about.
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| Quote ="vbfg"Khan is suing Moore and Whitcut, not the other way about.'"
But they are suing carvell
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| phew...thank god the RFL have £200m coming in from Sky to pay the lawyers for all this legal action......HARRISGATE II
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Rank | Posts | Team |
International Chairman | 7594 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
May 2021 | May 2021 | LINK |
Milestone Posts |
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Milestone Years |
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Signature |
TO BE FIXED |
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| Quote ="Magic Superbeetle"But they are suing carvell'"
Well they intimated they would but I think at this point you can put that one to bed.
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