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Last edited by Ferocious Aardvark on stardate Jun 26, 3013 11:27 am, edited 48,562,867,458,300,023 times in total:d7dc4b20b2c2dd7b76ac6eac29d5604e_973.gif



Quote: LeagueDweeb "Not having a pop at anyone at all. Certainly not the Bulls owners, players or fans. Just calling it as it actually is.'"

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Last edited by Ferocious Aardvark on stardate Jun 26, 3013 11:27 am, edited 48,562,867,458,300,023 times in total:d7dc4b20b2c2dd7b76ac6eac29d5604e_973.gif



Quote: LeagueDweeb " It wasn't a fine as there is nothing in the operational rules regarding financial punishment. It was the RFL recouping the huge amount of funds it had to pay the administrator to prevent liquidation '"

Nonsense. It was a financial sanction and of course that is in the rules. The RFL only used some money which would have been due to the club anyway and no funds outside that. It did not "prevent liquidation". Why would the RFL care whether or not the old company was liquidated anyway?
Quote: LeagueDweeb "There was no prospect of a new owner for BB Holdings which is why admin came so quick & as shown, it took many months before one did come forward '"

Nonsense. The issue with BBH was that there were so many shareholders it was a company which, if kept alive, was uncontrollable. No new owner for BBH ever did come forward. Not even its main shareholder Mr Caisley who effectively brought the old company down.
Quote: LeagueDweeb "BB2014 made no such proposal, in writing or otherwise '"

So in his original letter to all creditors, the administrator blatantly lied, did he?
Quote: LeagueDweeb "OK Bulls is being liquidated with no creditors receiving any payment for monies owed. Check the administrators statement of proposals from late March. Clearly states no creditors will be paid. MG isn't paying any of them.'"

But those two things are totally unrelated. You really don't understand anything, do you. Look, whether or not Green's company pays anything to creditors IS NOTHING REPEAT NOTHING TO DO WITH the administrator. If they did, they would do so direct.
Quote: LeagueDweeb "His ego was the biggest single contribution, along with not one of the other directors making any financial contribution, either in purchasing shares or directors loans. '"

So, in your head, OK's £1 million doesn't count, because... ? I would suggest that his £1m is a slightly bigger contribution than his ego, in this farrago.
Quote: LeagueDweeb "MG is BBNL. MG is paying out of his own pocket, or so he has claimed. MG is SSG. It's his name & signature on the documentation processed by Platinum Partnership '"

Nonsense. MG is a legal entity. SSG is a separate legal entity. You need to try to understand that a limited company IS A LEGAL PERSON IN ITS OWN RIGHT. It may be CONTROLLED by one or more persons, but they and the company are not the same thing. Of course the officers of a company must execute any legal documents. Seeing as a company cannot write.
Oh, and if MG is "paying out of his own pocket" as you weirdly claim - then WHAT is he paying? You just said he isn't paying anything, which is why it's 6 points!
Quote: LeagueDweeb "No misinformed comments. All based on fact. Hard as that may be for you to swallow '"

I don't have any prblem at all with either facts or valid arguments. You seem to me be someone who does have some information, but doesn't understand that information properly, and lack key information too. Maybe you should get someone who does know what they're talking about to explain it to you as you are struggling. Also, don't get so bristly and defensive. If you state either correct information or even tell me something I didn't know then fine. I have no axe to grind, but do dislike misinformation.

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Quote: LeagueDweeb "Who said he had? he isn't paying any creditors, which is the shy the 6 points is correct. His appeal isn't based on any being paid.'"



Blake could you provide us with proof of this

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Quote: Ferocious Aardvark "Nonsense. It was a financial sanction and of course that is in the rules. The RFL only used some money which would have been due to the club anyway and no funds outside that. It did not "prevent liquidation". Why would the RFL care whether or not the old company was liquidated anyway?

Quote: Ferocious Aardvark "BB Holdings had taken the full allocation of Sky money due before admin came. The RFL pumping in money via P&A prevented BB Holdings being liquidated. Had liquidation occurred as a result of no money being put in by the RFL, the club would have disappeared altogether. The money was a stay of execution that eventually brought about a transfer of all assets & players to a new operating company of OK Bulls. If it were, as you say, Sky money that was due, then why is it an issue that OK Bulls was not given the money twice over? The RFL had simply advanced money, approx. £170k a month to P&A, plus paying all their extortionate fees. There is nothing in the RFL Operational Rules that specifies financial sanction upon administration.'"


Nonsense. The issue with BBH was that there were so many shareholders it was a company which, if kept alive, was uncontrollable. No new owner for BBH ever did come forward. Not even its main shareholder Mr Caisley who effectively brought the old company down.

Quote: Ferocious Aardvark "BB H wasn't kept alive because the debts were such that no potential owner would consider buying the old company & attempting to pay them off, even at a reduced rate. No sane businessman would take on debts & ongoing liabilities they had not accrued.'"


So in his original letter to all creditors, the administrator blatantly lied, did he?

Quote: Ferocious Aardvark "Got a copy of this letter?'"


But those two things are totally unrelated. You really don't understand anything, do you. Look, whether or not Green's company pays anything to creditors IS NOTHING REPEAT NOTHING TO DO WITH the administrator. If they did, they would do so direct.

Quote: Ferocious Aardvark "This is where you seem to be getting lost. The administrator is responsible for handling ALL the affairs of OK Bulls. It is he who decides which creditors, if any are to be paid. It would be illegal for MG to pay creditors without doing so via the administrator. The 6 point sanction was applied to OK Bulls whilst it was being controlled by the administrator. He effectively owns the business & would have to be paid any money offered by MG. As the sanction was applied to OK Bulls, the RFL is legally unable to recognise any money not paid through the administrator to OK Bulls creditors. MG has no intention of paying OK Bulls creditors, he knows this would have to be done through the administrator he appointed, and is why he is going down the force majeure route. A damn sight cheaper for sure./quote]

So, in your head, OK's £1 million doesn't count, because... ? I would suggest that his £1m is a slightly bigger contribution than his ego, in this farrago.

Quote: Ferocious Aardvark "OK's £1m? Analysis of OK Bulls finances by the administrator reduces this to £400k.'"


Nonsense. MG is a legal entity. SSG is a separate legal entity. You need to try to understand that a limited company IS A LEGAL PERSON IN ITS OWN RIGHT. It may be CONTROLLED by one or more persons, but they and the company are not the same thing. Of course the officers of a company must execute any legal documents. Seeing as a company cannot write.

Quote: Ferocious Aardvark "MG is SSG in the same way that OK was OK Bulls. You really are struggling with this aren't you?'"


Oh, and if MG is "paying out of his own pocket" as you weirdly claim - then WHAT is he paying? You just said he isn't paying anything, which is why it's 6 points!

Quote: Ferocious Aardvark "MG has publicly stated on TV & radio that he is funding the appeal against the 6 point sanction from his own pocket. I make it quite clear what he is paying for.'"


I don't have any prblem at all with either facts or valid arguments. You seem to me be someone who does have some information, but doesn't understand that information properly, and lack key information too. Maybe you should get someone who does know what they're talking about to explain it to you as you are struggling. Also, don't get so bristly and defensive. If you state either correct information or even tell me something I didn't know then fine. I have no axe to grind, but do dislike misinformation.

Quote: Ferocious Aardvark "Misinformation? Feel free to point any out from me. No lack of understanding of what has actually occurred either. OK's £1m is misinformation from you. based on you simply passing on what you have heard, rather than from fact checked details....?'"

'"
'"


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Quote: daveyz999 "I couldnt help but read his response with an Australian accent
Onya cobber icon_biggrin.gif

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Quote: LeagueDweeb "Onya cobber
Got a feeling you might know this, when is our appeal likely to be heard?

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Quote: roger daly "Blake could you provide us with proof of this'"


MG hasn't offered the administrator any amount of money to pay creditors. The appeal MG is paying for involves no offer of payment of creditors. HTH.

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Quote: daveyz999 "Got a feeling you might know this, when is our appeal likely to be heard?'"


It will be heard & a decision reached prior to the Bradford Bulls home game with Wakefield Trinity Wildcats on 1st June

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Quote: LeagueDweeb "It will be heard & a decision reached prior to the Bradford Bulls home game with Wakefield Trinity Wildcats on 1st June'"


Thank you for the well informed and accurate information, the final task before the new job starts on 1st June eh? Have you got enough nails for our coffin? Can't say Im confident in the independant nature of the appeal or the RFL in general after your contribution here.

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Quote: LeagueDweeb "BB Holdings had taken the full allocation of Sky money due before admin came. The RFL pumping in money via P&A prevented BB Holdings being liquidated. Had liquidation occurred as a result of no money being put in by the RFL, the club would have disappeared altogether. The money was a stay of execution that eventually brought about a transfer of all assets & players to a new operating company of OK Bulls. If it were, as you say, Sky money that was due, then why is it an issue that OK Bulls was not given the money twice over? The RFL had simply advanced money, approx. £170k a month to P&A, plus paying all their extortionate fees. There is nothing in the RFL Operational Rules that specifies financial sanction upon administration.'"



If this is true, which i'm not doubting, the thing I don't understand is why was OK penalised (financially) due to the RFL pumping money into the old regime?

OK wasn't liable in any way for the additional funds the RFL put forward, yet he had to pay for the mistakes of the previous owners, hardly seems he was given a fair chance to run a club.

Last question - what is your response in regard to the statement put out by RW last week? It appears the RFL, apparently, advised the proposed new owners to place the club into admin to rid them of their current (at the time) majority shareholder. There are other claims/allegations within the same statement that make the RFL look pretty bad. To say that the statement suggest there was an 'agenda' from the RFL is an understatement.

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