FORUMS > Bradford Bulls > Bradford Bulls Administration saga |
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| Seems we are still in Admin according to this rlhttps://www.thetelegraphandargus.co.uk/sport/sportbulls/15042484.REVEALED__The_true_scale_of_debts_that_sent_Bradford_Bulls_into_administration/rl.
Quote: "The company has ceased trading but is still officially to be liquidated and talks have continued with seven parties interested in acquiring some or all of the business assets.
Mr Pettit states in the report that the Rugby Football League’s action to start a new club in Bradford was “unauthorised”.'"
You couldn't make this up, could we end up with two teams? Seems Making a new clubs wasn't a good move by the RFL either. They probably fast tracked it for their fixture list.
Quote: "The biggest single creditors are Mr and Mrs Green who are owed £750,000 in directors loans. They have agreed to remove their status as secured creditors in the interests of creditors as a whole, according to the report.'"
Does this mean we don't owe Green s essentially maybe less points? Or is that only if someone buys the 'old' club?
Quote: "The main creditors listed by the administrators and the amounts they are owed include
Interestingly the creditors owed are listed but how the heck do you owe to charities? Isn't that illegal?
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| The administrator is still selling this from the old club. The RFL bought some things yesterday which the creditors had to agree to.
That's how the club shop is opening at a guess. RFL bought the stock and then the new owners must of bought it from them. I 100% know the RFL Definitely bought all the weight and gym equipment from the admin.
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| If I had 1052 quid going spare I'd sort out Professor Funk so that I could say I had a friend called Professor Funk
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Club Captain | 661 | |
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| Are some of those names actually real companies - If we owe "Business Management Services" £2000 we should ask for a refund because they clearly didnt do their job "
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| I know its the other code; but just goes to underline how point deductions does not stop the decay; London Welsh were deducted 20 points!! and went into liquidation.
Sorry for the fans of any team that has to go through this.
rlhttps://www.bbc.co.uk/sport/rugby-union/38736486rl
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| Says in T&A today that Bulls have now been formerly put into liquidation. Also states ChaLow have bought some of the assets including badge and name from Pettit
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| Yep, been having a shufty on Companies House and BBNL is showing as liquidation.
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International Chairman | 28357 | |
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| Quote: NZ Bull "Seems we are still in Admin according to this ...
You couldn't make this up, could we end up with two teams? Seems Making a new clubs wasn't a good move by the RFL either. ...'"
You're confused. The only thing in administration was BBNL, a limited company. Months ago that had its membership of RFL withdrawn so is no longer anything to do with rugby. It is just the vehicle through which a sports club once operated.
The club which is in the 2017 Championship, owned by a different new company, is the one we will be watching on Sunday. As for BBNL, whilst there was as much chance of the administrator making a new application for RFL membership as of tigertot buying a round, BBNL is now in liquidation anyway. Gorrrrrrn.
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| Just a question. As regards the stands, hospitality building and other major assets in the ground. Who owns them ? Can the liquidator strip them ?
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| Quote: exiledbull "Just a question. As regards the stands, hospitality building and other major assets in the ground. Who owns them ? Can the liquidator strip them ?'"
the new club has bought the assets.
Can we now stop talking about administration and look towards the future??
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| Quote: exiledbull "Just a question. As regards the stands, hospitality building and other major assets in the ground. Who owns them ? Can the liquidator strip them ?'"
Pretty certain their covered by head lease which rfl hold as they were all in place before sub lease was taken out.
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| Quote: mat "Pretty certain their covered by head lease which rfl hold as they were all in place before sub lease was taken out.'"
The coral stand was owned by the club.
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Club Captain | 661 | |
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Sep 2015 | 9 years | |
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| Quote: RickyF1 "
Can we now stop talking about administration and look towards the future??'"
I'll second that Ricky.
From now on can the Mods treat any references to "admin" or "liquidation" as swear words and block them.
Obviously this will have to be for a limited time in case we go into Administra........ (d'oh!)
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