Quote: Noble & Honest "I think it will be very difficult for a successful appeal.
The company OK Bulls was making losses of £100000 a month to Ok"s resignation.
No attempt to cut costs was made.
Until the new ownership saga dragged for 5 months.
Indeed costs increased under Ok and revenue fell.
No proper books were kept which are fundamental to understanding of a companies current financial position.
The £1.2 million withheld from The club was known about from the outset of OK"s tenure.
Some points may have been recovered if Marc Green was to commit to pay all the creditors or even some as in the Wakefield comparison.
But with results and crowds of the past two weeks and championship staring in the face ....Would you?
No a proper balls up has been made and it would be ridiculous to try isolate single events (EG HMRC wind up petition mid January)as been an event under force majoeur.
The Bulls went into admin because.
1.The owner had run out of money
2.The owner blindly carried on regardless depite been aware he was losing 3600k a year in guaranteed income.
3.the owner increased costs (Robbie backroom staff )at atime he was struggling to pay existing contractual arrangements.Look at the creditors list.Some go back nearly 12 months without been paid.
The club was broke lock stock barrel.
Of course admin could have been avoided.
By recognizing the problems faced as early as September 2012 and acting accordingly.
The deluded are clutching at straws.
Its been a complete set of rubbish for over three years.
And no doubt I will be added to that list as fans desperatelt try to find justification and argument for a complete basket case.
I"ll get me coat'"
Apologies for my keyboard yet again.It was £600k a year lost in guaranteed income.Not 3600.
The RFL were also paying the wages for some time and had a request to put the club into admin within 6 weeks of OK resigning.Once some figures had been cobbled together from shambolic records.
