This whole episode, since the end of the season, leaves me totally sick to think of the shambles our once proud club has become. It appears that more and more questions need to be asked regarding the takeover by Wood, Sawyer, etc.
Although I was unable to attend the 2 fans forums, I'm not sure for one minute that we (as fans) have been given the whole picture regarding both the new owners and the assets of the club. IF the above post is true, then surely someone needs to supply answers to the fans whose hard earned cash is sitting in some dormant account. When looking around the various threads and posts, the questions being asked by fans and some intensely "interested parties" are certainly pertinent, and the answers should be in the public domain, in my opinion.
Surely it's now time for a small number of supporters from the various "official" wings of supporters (RAB, BullBuilder, etc.) to request a meeting with the new consortium, in order to put a few salient questions to them which may not have been aired in a larger gathering such as the 2 forums. Once we get a few truthful answers, we might then all be a little easier with supporting the club during this difficult period.
IIRC, wasn't there something like this organised a few years ago, whereby a handful of supporters met with the owners and obtained satisfactory (or otherwise!) answers to their questions which were then posted out to supporters sites ? Or am I wearing the rose tinteds again ?

Who does it technically belong to?

If it's the clubs money then why can't they have it?

If it's been paid to the club then unfortunately it isn't anybodies hard earned cash any more, other than the club.

Well said Jimmy.

Over time more and more of us are gradually beginning to see the light.

I cancelled my lottery some time ago. Towards the end I never had any communication from the club, although the money kept getting taken. It got to the point where I wasn't 100 per cent sure if I was actually paying into an active lottery so I cancelled my standing order. I know they publish winners on the website but you'd think you'd at least receive the occasional mail or email highlighting what you money has helped pay for.

I'll stick with Bullbuilder, they at least bother to stay in contact to show where your money is being spent.

Wasn't it said at one of the forums that it was from around the Omar Khan era? If that's the case, it surely belongs to the club that liquidated and folded. Rather than the one that started in it's place and bought the intellectual property. I highly doubt they managed to "buy" a bank account with £100k in it as part of that deal.

So either it belongs to the company that no longer exists, or it belongs to the current club and that whole idea of them being a new club and the other one died was nothing but tosh.

I paid into the lottery for years then realised about 6 months after we went t**s up the 2nd time no draws had been made and my money was going down a black hole so cancelled the direct debit and have never rejoined.

A year later I won fish & chips twice!

When I inquired a few months after Greens demise seeing the Big 1 was back in action, I did ask what happened to the money I was told it had been ring fenced and that it was separate to the Bulls accounts!

I just thought that it would eventually go to where it should so it was a surprise to that it was still languishing, perhaps it should be released to the Academy funds or the Bulls Foundation

Though Mick did say on twitter that it included Bulls TV monies as well and that there were some outstanding payments to Agents also in the mix.
So apart from the Agents who should get paid the rest should go to where it was intended. It's monies most will have written off and will know it will be going to the cause intended!

I suppose it’s a sign of how we were run at the time, but why would the Bulls TV income have gone into this account in the first place? Surely this was just general trading income and should have gone into the Bulls main account

All seems a bit dodgy but I would imagine that money should have gone to the old companies creditors? Makes you wonder if the last owners and the current owners know about it and if any attempts to access it have been made.

The lottery and the club have separate legal identities iirc.
15+ yrs ago, the Bulls lottery was a massive organisation.
In order : 1 it belongs to the current lottery And should be incorporated into the prize fund
2 Bullbuilder would have the closest moral claim on it.
3 The club may have a claim on it, but it depends on the rules/regulations around the bulls lottery and lotteries in general

I think one of the current RL journos used to work for the bulls lottery in the distant past? Bower? Shaw? I can’t remember which one, but they might have more of an insight

There are three separate accounts that have been frozen by Gary Pettit which account to around £107,000.

I'm currently liaising with Gary to see what ideas he would be open to regarding this money as a family member of mine still had Bulls TV and Lottery money taken from their account into two of these three accounts after Marc Green had put the Bulls into administration for the second time.

In the last six months people have tried to gain access to these frozen bank accounts but have failed the ID protocols with Gary and the bank.

So in summary and hypothetically speaking;

The three bank accounts were frozen by Gary Petit BUT "someone" failed to cancel the direct debits/standing orders for ?? months.
SO the accounts continued to accrue funds for Bulls TV etc. but for a liquidated company IE people were having money taken for a non existent company.

2 years later, the existence of the accounts and the money surfaces and is put in the public domain, by pure coincidence its upon the arrival of Nigel Wood.

Finally, and again hypothetically speaking, Nigel Wood thinks the money now belongs to him.

But in actual fact it doesn't. Hmmmm

Wonder how this will end