Quote: Gi4nts "Thats what I don't get, how can a club cease so doesn't have to honour all it's debts but the new club claims to still hold player contracts?'"
Gi4nts
This has been explained numerous times in greater detail than I will put here – but the basics are:
EDITED AGAIN TO BE MORE ACCURATE:
What you know to as Bradford Bulls never owed any debt. The players (contracts)/staff (contracts)/name/logo/history/agreements (for things like playing at Odsal)/Licence with the RFL and a whole host of other stuff you probably consider as "The Bulls" were infact (in a business sense) assets of the Bradford Bulls Holding company. The debts were not held by the assets they were also held by the holding company.
When the holding company went bust the assets were bought by a new company (OK Bulls limited) - but that company did not buy all the debts too. That is why they get the player contracts (as long as the players don't pull out under TUPE rules) but not the debts.
EDIT: Also, the player registration with the RFL is not a legal issue (as far as I'm aware) and is just something that the RFL run to prevent players being poached from clubs (as trade restriction laws prevent them from stopping you signing someone but they can set rules saying you can't play that person) - as such they can set any rules they wish as to who holds the registration.
I may be totally wrong on the reason for the player registration - but thats always why I have presumed it exists.
