If the new bulls are still trying to pay their debts then there should be no penalties. But isn't this just kicking the problem down the road?

The devil will be in the detail I reckon. Will we get the full story? I doubt it.

The squad is better than London and Wakefield's because it's full of players Bradford can't afford. Unlike London and Wakefield who've sold and released a load of players to avoid the financial situation Bradford have got themselves in. Again. Hence the calls of unfairness and the clamour for points deduction.

Not an unexpected turn of events, especially when Moore resigned last year, just after registering the new name. I should also imagine that the RFL were well aware of this coming up and probably helped to push through to resolution. Obviously the share issue was a sticking point and I would imagine part of any deals will be to pay back monies owed to Khan et all.

Nothing to see here move along.....

We'll if the current owners have paid OK for the club, then moved the club to their own holding company, shouldn't OK be liable for the OK bulls company?

Think the RFL knew about wanting to move the club to another company ages ago that must have been the intention all along, think what a lot of others are missing is that if Ok hadn't agreed to a 50% share of sky money the other clubs would have voted the bulls out of SL which was what we where all told, so ie WTW have made money from the 2 seasons the bulls forfeited money and all so from the 4 games we play them. Other wise we would be out and they would be zip.

These are both companies - so the shareholders liability is limited to the value of their shares, so OK himself would not be liable for the other creditors in normal circumstances unless it could be shown they were knowingly trading when insolvent.

However what seems to have happened was no agreement could be completed for the new guys to buy the shares of OK Bulls Ltd from OK, but OK Bulls Ltd was insolvent - so an administrator was appointed and he then sold the "Bulls" business to the new company. Any payment for the business would be used by the administrator to pay creditors of OK Bulls - probably tax and suppliers

The apparent statement,included in the comments in the Telegraph and Argus report,is particularly interesting.

www.bradfordbulls.co.uk/news/art ... s-position

www.bradfordbulls.co.uk/news/art ... s-position

Interesting that there appears to have been an article on the Bulls website stating that we have avoided a points deduction( not same article that Bullseye has shared), which was then quickly removed from public view.

All decisions seem to have already been made, so it seems to think the RFL were fully supportive of this move, which seems to have left OK with nothing (other than the outstanding £200,000 council loan, which from memory is guaranteed against Omar)

Seems the planning from the new owners and the RFL have been going on behind the scenes for sometime.

If we avoid a points deduction, we will all have to suck up the fact that we will be the Millwall of Rugby League from now on. Theres no way we can explain this to whippet-breeding, one-street-village, mine-town loons.

Exactly when was Bradford Bulls 2014 incorporated?

What will OK's responce be?

What will an RFL statement say? (will there be one?)

What will be the justification for no points reduction if that has already been agreed? As the hastily removed statement indicated.

...Not expecting you to know the answers BTW. Just my general musings on the subject.

Don't worry completely agree the above questions are the ones that need answering.

As someone said earlier in the thread, we'll probably never find out the truth.

I'd take the points deduction. We could clear it in first few games looking at our fixture list.

Seems once again certain actions from individuals cause this club no end of problems.

This one?

31st January 2014

BRADFORD BULLS officials have this afternoon announced that the club will not suffer a points deduction, as a result of its former operating company entering administration.

OK Bulls Ltd was placed into administration this morning but the club has since been purchased by Bradford Bulls 2014 Ltd.

And, on behalf of the new board of directors, chairman Mark Moore has confirmed that the Bulls are to remain a First Utility Super League side and will start the new season on zero points.

Think so - I can see the bulls online message, which states no points deduction, but i never had chance to read the article as the link is now broken. Cheers for this