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FORUMS > Bradford Bulls > Moore, Calvert & Watt in out in out shake it all about
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Quote: Bullseye "Latest statement

Good news ??????

Bluff called ?????

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So not actually resigned then . Or handing over in an orderly manor?

Hopefully sense prevailed and everyone is looking forth best solution still for the club.

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Couldn't the events of the past week proceeded in house then as it seems the unnecessary panic of the past week could have been avoided with some sensible talks. 3 musketeers still directing the business.

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That sounds positive. But I know better than to get any hopes up!

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Quote: Bullseye "
Ian Watt, Andrew Calvert and Mark Moore will now continue to direct the business and the club will make no further comment at this time.'"


Hmmm....

Quote: Bullseye "
It's not just Bradford BTW.....there are a number of clubs where "owners" like the title and Kudos but have little desire to take any fiscal responsibility..'"


mat
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Maybe a mod should amend thread title to include and then step back up? Sounds like a game of musical chairs or poker being played at odsal at moment.

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I agree here with Bulls4Champs that this could have all been done behind closed doors. It seems to me that the three directors are willing to carry on. If they wanted out they would have gone and not looked back. The fact that they are still talking and are willing to look at ways through it shows they are still interested. I have never played poker but I assume there is a game going on and the prize on the table is a rugby club. Initially, this news is promising but anything can still happen. I still expect 3-4 players to go so they can try and hit the £400k to make the club sustainable. If that is the price and we survive I am sure most of us will put up with that.

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Nobody seems to know where the Bateman money went? eusa_shhh.gif

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The 3 directors were running the club. Omar was the owner. Has anything changed? It seems not except perhaps Ok has realised a smaller amount of something is better than a whole lot of nothing.

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This doesn't seem too stack up with Mystic Mick's posts where he stated them stepping down was a good move and a positive announcement was coming shortly.

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Quote: Bullseye "Latest statement

I wonder if the securities company with the charge alleged to be on all assets was one of the important stakeholders, or is that another bum steer we've been slipped?

The wording is also curious for the reference to "final agreement over the club's ownership". If that is needed then it follows that at the moment, there is disagreement over it.

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Quote: Bullseye "Latest statement

Really positive news. I for one am greatly optimistic that the RFL, latest Directors and other necessary shareholders are rolling there sleeves up and dealing with it.

hopefully working towards a "secure future over the clubs ownership".

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Quote: redeverready "This doesn't seem too stack up with Mystic Mick's posts where he stated them stepping down was a good move and a positive announcement was coming shortly.'"


Best but was his tweet today about the meeting as if he was in the know about it. Even though it was obvious that like the rest of us the first he heard was when it appeared in league express

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Quote: Ferocious Aardvark "I wonder if the securities company with the charge alleged to be on all assets was one of the important stakeholders, or is that another bum steer we've been slipped?

The wording is also curious for the reference to "final agreement over the club's ownership". If that is needed then it follows that at the moment, there is disagreement over it.'"


"Continue to direct the business" is an unusual choice of words

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Quote: Highlander "Ah. Whitcut sold Bateman (and according to the other 3 directors statement, without their knowledge or consent) for £90k. That would probably have covered the loss from the concert.'"


Okay, (sorry in just trying to understand the situation) this is my brief understanding on the current situation, from the last big cash injection - can someone please correct me if wrong:

Ok pumps in 900k in loans, which with assurances from whitcut, ok believes will see bulls through the next 2 years

Whitcut botches the books, then announces the concerts makes profit, when asked to hand over the money, he takes out loans against the club to be able to hand over

Whitcut fails fit and proper person test at the end of the year, forcing ok to look at the books more thoroughly and discovering how the concerts did (potentially)

Ok steps down, and finds Moore and co to run the club, and agrees to sell the club on the assurance they pay back his directors loans ( I only assume here) Moore and co agree on the condition they can get in and look properly ASAP.

Moore and co discover whitcuts debts (that ok potentially knew about) plunging the club into financial crisis again, and call a fans forum to announce they weren't going to pay ok given these debts they were misled about etc.

Ok, hearing they were planning on not paying the loans, refuses to transfer the club ownership, so Moore and co step down.

Presumably tonight ok has promised he knew nothing about the extra loans and Moore and co have agreed to come on board.

Right?

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