FORUMS > Bradford Bulls > Ownership and twists |
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| Quote: vastman "I know, more like four.
For heavens sake if you can't see what a top class act Amor is you really are as daft as you appear. If it were not for the appearance of the Burgess brothers I'd tip him for England by the end of next season.'"
Being called daft by Vastman? That is a bit like being called queer by Elton John.
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| Quote: HamsterChops "Correct it won't. But I'm sure most fans appreciate that it's maybe what needs to happen to ensure the financial stability of the club. And if that's the reasoning, I'm sure the sensible ones will accept the playing squad becoming a bit less talented, in order to get to that place.
As much as we'd all love to see Carvell in a Bulls shirt rather than Mexico (with no disrespect to the latter), we also know that the reasoning for such a replacement would be a sound one. And any replacement is better than none at all I'm sure. (Unless we bring in another Worrincy/Sheriffe/Tupou).'"
I have to say, from the outside looking in, you have a pretty good team right now. One or two changes won't make you relegation certainties.
Just depends how quickly the change can be managed but a couple of players swapped for younger players might work out for you.
Unfortuantely I understand it isn't as easy as that and there is a lot of uncertainty but keep hanging in there guys. It's the fans that will make it work in the end.
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| Quote: HamsterChops "
If our options were Amor or Kirke, I think I'd be gutted at losing Amor too.'"
Multi grand final winner under 3 different coaches , Kirke by plenty .
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| Carvell pictured on twitter today in the coral stand modelling the new heritage shirt.Would seem a strange choice of model if he were to be leaving soon
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| Got my ticket off Carvell. Seemed happy enough.
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| I hope we get to see him play for us this season.
great player!
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| Quote: Buck Tarbrush "Multi grand final winner under 3 different coaches , Kirke by plenty .
And Leroy Rivett has a Lance Todd Trophy. Doesn't mean he was any good.
All squads need the Kirkes of the world. The reliable, average plodders that don't cost much but are professional and don't really let you down. But in the same breath, he's not half the player that Kyle Amor is.
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| I have been told by 2 separate people this week,unconnected by the way, there is big news happening behind the scenes at Odsal regarding the owners. More new owners will be in place before the season starts, apparently only way to get rid of Omar once and for all.
Now if this turns out to be wrong,I will say don't shoot the messenger.If it turns out to be true obviously I will take the plaudits.
Make of this what you will
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Why is it the NRL can actually bang heads and sort things out unlike the useless apologies at Sod Hall
www.dailytelegraph.com.au/sport/ ... 6814290381
That sort of pro active approach may have sorted out the Bulls situation well before it imploded!
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Why is it the NRL can actually bang heads and sort things out unlike the useless apologies at Sod Hall
www.dailytelegraph.com.au/sport/ ... 6814290381
That sort of pro active approach may have sorted out the Bulls situation well before it imploded!
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| Interesting if true
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International Chairman | 28357 | |
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| Quote: roger daly "I have been told by 2 separate people this week,unconnected by the way, there is big news happening behind the scenes at Odsal regarding the owners. More new owners will be in place before the season starts, apparently only way to get rid of Omar once and for all.
Now if this turns out to be wrong,I will say don't shoot the messenger.If it turns out to be true obviously I will take the plaudits.
Make of this what you will'"
So far as what he have to date been told, Omar had either sold, or agreed to sell, all the shares to MM and RW, but they never paid. I was at the fans meeting when they publicly declared that Omar "wouldn't get a penny". I therefore think it is very harsh to talk about "getting rid of Omar" when it seems agreed by all sides that a deal was done, Presumably had Omar been paid then that would have been that. No additional owners would be needed to "get rid of Omar". Why on earth would he require that?
So who is/would be selling? Have the shares changed hands now? Seems to me that on paper they most likely are still Omar's, and that ties in with what you have heard as if they were not, then Omar would already be history, certainly so far as the club was concerned.
Also, you might not like his style, but that is no way to talk about the man who pretty much single-handedly saved the club we support from going out of existence and indisputably ploughed a load of his own money in. For my part, I will always be grateful to him for that.
How could we have new owners, if they have not been approved by the RFL? I heard a story that at least one proposed new owner had been in touch with the RFL very recently and basically got knocked back. I am unclear as to the reasons, but they cannot have been connected with being a fit and proper person as I believe no inquiry into that was done.
And perhaps more to the point, how do they get past the security company that was given a debenture over the club? Presumably they would need to be paid off in full first. How much would that be now? I bet the interest piling up ain't at a quarter of a percent.
It does seem that the only obvious way to sort out the mess would be a deal that saw the shares change hands, with OK and the security company getting paid off, so it would have to be someone who had the resources and willingness to pay all that before they got the Odsal keys.
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| Quote: Ferocious Aardvark "
So who is/would be selling? Have the shares changed hands now? Seems to me that on paper they most likely are still Omar's, and that ties in with what you have heard as if they were not, then Omar would already be history, certainly so far as the club was concerned.
'"
I think there is two or three issues:
1) Transfer of the shares - so OK wont have any ownership
2) Repayment of his loan - as though he did put money in - he wants it back
3) Sorting out the "payday" loan OK's idiot Whitecut landed us with.
It is absolutely true OK's actions saved us from the block at the end of 2012, but it seems that he - or the "managers" he brought in marched us straight back to the brink at the end of last season
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| More owners in the next two weeks? Mmmm, they are have to get a move on!
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| I thought this thread was going to be about Jimmy Savile.
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| Quote: Northernrelic "I think there is two or three issues
What is this "repayment of his loan" bit? I haven't heard anything about this, has there been any report of any such thing? Wasn't said or even hinted at at the fans meeting.
Re the "payday loan" - if as appears that was done by Whitcut after OK had left then TBF you can hardly have a go at OK for it. He never did any such thing all the time he was in charge. I spent a few minutes recapping on what's come outdated 30/9/2013.
It represents a fixed and floating charge over assets and is payable on demand.'"
OK announced he was out on 25 September so BEFORE the date of that debenture. Unless anyone knows different, this indicates to me he was nothing to do with it.
Quote: Northernrelic "But this transaction seems to be have been for directors to take a loan from the company in order to fund their purchase of shares as individuals from the existing shareholder'"
That at least makes sense, though some time ago I replied to that, to the effect that I hadn't seen anything anywhere suggesting that MM was anything to do with that loan, just RW. Nobody has to date said different so far as I know.
Anyway, the obvious questions remain - what was that money for, and where did it go? Nobody has suggested it being siphoned away or otherwise 'disappearing' so presumably the Bulls got it, and still "have" it, either in the bank or else have spent it on eg wages.
[iIF[/i the money (however obtained) was in the event needed for the general running costs then presumably but for that money we'd have been stuffed unless a similar sum had been sourced from some other lender. And [i if [/ithe Bulls did benefit from the money then it seems fair enough that they should repay it, wouldn't you say? I'm not sure there's a queue of lenders to rugby league clubs these days.
OK claimed to have a binding contract to sell his shares to MM and RW for £300,000 be £150K loan and £30K interest/profit/charges. £150K is half of £300K.
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