These ones are trickier. They've bought the RFL fake news that was spun at the time. There was only one point where the RFL could legitimately claim (but still there's an argument against) to have helped and that was when Hood went cap in hand for an end of season loan to help with cash flow. The RFL asked for it to be a secret loan.
Source for the price? This has bugged me for ages as I can remember reading at the last £60m Odsal development that all these other fans would come on and cry "how much are Bradford putting in" and the quote was that Bradford were putting in the head lease which was valued at £7m. But I can't find the article. Then the banking crash happened etc, etc. But, The RFL found themselves unexpectedly in a hole, in that they had a large unsecured loan with the Bulls and the only asset Bulls had was the lease. Cleverly they swapped their unsecured loan and some cash for an asset. Now then, you claim this was the RFL helping us out, I would say the RFL took advantage of a distressed member club and asset stripped that club. Obviously we have a difference of opinion re "help".
On the contrary, if we had gone into admin immediately, without the rfl loan, we would have been a cash poor, asset rich company/club and there is a good chance we would have attracted a much better quality of investor instead of the RFL approved rubbish we did get....
Correct
No. And the Bulls aren't so I'm not sure of the point of your waffle.
Correct - the RFL have contractual responsibilities to the freeholder - Bradford Council. I don't know what those are but I will assume the RFL are meeting their contractual obligations.

FA mode off...

Note to Highlander
Enjoy the read.
REVEALED: The true scale of debts that sent Bradford Bulls into administration
NEARLY £2 million is owed to creditors by the former owners of Bradford Bulls, it has been revealed.

The statement of administrator’s proposals, submitted to Companies House, reveals the full extent of the financial trouble that Bradford Bulls Northern Ltd and its owners Marc Green and his wife Jane were in before the business was put in administration in November 2016 and ceased trading earlier this month.

The papers show that the club had an operating loss of more than £1.6 million between November 2013 and November 2015.

And the administrators’ report now reveals that total estimated debts of the company stand at £2,210,408 which comprises the total sums owed to creditors, administration fees and legal costs.

The creditors include HM Revenue and Customs, which is owed more than £400,000; kit manufacturers ISC owed £215,717.76; the Rugby Football League, owed more than £66,000, and Bradford Council which is owed almost £30,000.

The biggest single creditors are Mr and Mrs Green who are owed £750,000 in directors loans. They have agreed to remove their status as secured creditors in the interests of creditors as a whole, according to the report.

The estimated administrator’s fee is £233,190.40.

In the report, joint administrator Gary Pettit, of PBC Business Recovery & Insolvency Ltd, spells out the process that administrators went through while trying to sell the club, and their plans moving forward for the liquidation of Bradford Bulls Northern Ltd.

It states that initially 13 parties made expressions of interest in buying the club, with eight signing non-disclosure agreements.

Core financial information was provided to the parties, and four offers were submitted to the administrator, with two being rejected as they did not provide a better return than a liquidation scenario, and the final two bids were conditional upon securing the freehold to Odsal Stadium, which is owned by Bradford Council.

One consortium submitted a bid which was judged as inadequate on the same grounds as the previous two offers, and the last bidder withdrew interest in late December.

The company has ceased trading but is still officially to be liquidated and talks have continued with seven parties interested in acquiring some or all of the business assets.

Mr Pettit states in the report that the Rugby Football League’s action to start a new club in Bradford was “unauthorised”.

A spokesman for HM Revenue and Customs said it did not comment on individual companies but added: “HMRC does all it can to help companies in financial difficulty to stay in business, while acting on behalf of the British taxpayer to see that tax is paid.

“We have a strong track record of providing practical assistance to distressed businesses through our time to pay arrangements.”

A Bradford Council spokesman said: “Monies owed to it will be claimed by the Council as an unsecured creditor in the administration.”

One company, Travel Xpress, based in Otley Road, Baildon, is owed £2,175 by the Bulls.

Fida Hussain, manager, said his past experience working with the club has caused him to lose “all trust” in the Bulls.

He said: “Losing this money has been very inconvenient, the Bradford Bulls accounts department was not very helpful at all.

“They were always fobbing us off, not answering phones or never getting back to us, we were always chasing them for payments.

“I’m a firm believer in doing business with local businesses, but this has definitely affected my trust in others.

“I will be wanting paying up front in future.

“We did work with them on trust but they failed to live up to the expectations and it has been very costly.

“If they pay us what they owe with goodwill it will be good but I do not have the time to chase after them for it.”

Andrew Brough, an expert strength and conditioning coach from Australia, was brought in to help the Bulls through an injury crisis in 2016, and he is owed more than £15,000.

KS Services, an IT company based at Prince Willian House in Bradford, confirmed about £4,500 was owned by the Bulls but did not want to comment about the situation.

A spokesman for St Helen’s RLFC said: “The money owed (£10,800) is player-related. We had a player on loan at the Bulls. Whether it will be paid we can’t say anything about that.”

Neil Woodhead, owner of T&P Print, in Beacon Road, Bradford, said he has written off a £448 debt for printing work but said he will continue to do business with the new Bulls.

“Sometimes this sort of thing happens in business and you have to get over it,” said Mr Woodhead.

“We have a new rugby club in Bradford now and we want to see them up and running again.

“We will carrying on doing business with them. In fact, they have already been in to speak with us.”

Bradford Bulls Northern Ltd also owes money to charities, including about £2,000 to St John Ambulance, £1,715 to Cardiac Risk in the Young, and £1,286 to the Bradford Bulls Foundation.

Keighley recruitment company Fortem People Ltd has ceased business with the Bulls after being owned £918.

Other notable creditors include Texas-based cardiologist Dr Arindam Banerjee (£1,550), Hampshire-based sports strapping provider Physique Management Company (£3,55icon_cool.gif, Yorkshire Water (£5,000) and Professor Lennard Funk, Manchester-based shoulder specialist (£1,052).

Along with St Helens, Leeds, Batley, Dewsbury, Featherstone, Huddersfield, London, Salford, Sheffield, Whitehaven and Workington rugby league clubs are also owed money.

Mr Green’s solicitor said he was unable to comment on the matter on behalf of his client.

AT 2pm yesterday the deadline passed for creditors to vote on the formal proposals to achieve the objective of the administration of Bradford Bulls Northern Ltd.
The proposals on the table discussed two forms of insolvent liquidation, namely creditors’ voluntary liquidation or a winding up order made by the court.
The main creditors listed by the administrators and the amounts they are owed include:
Marc and Jane Green £750,000; HMRC £400,995; ISC (kit suppliers) £217,718; The Rugby Football league Ltd £66,450.
Narang Wholesale Ltd £34,751; Bradford Council £29,167; Chadwick Lawrence £26,219; Integrated Bradford LEP Ltd £20,081; Heritage Leisure Designs Ltd £19,070.
League Publications Ltd £17,600; Brake Bros Ltd £17,066; Factorprep Com Ltd £15,339; St Helens RLFC £10,891; R Pearson Electrical £10,854; Sean Lowe £8,413; Lupton Fawcett £7,662.
W Cropper Ltd £7,229; Leasing UK Ltd £7,196; Football First Agency Ltd £5,800;Pro Audio £5,760; Rhino Rugby League £5,711; Yorkshire Water £5,000; Hudson Energy £5,000; Syncmedia Ltd £4,511.
Global Autocare Ltd £4,496;Richard FW Gibson £4,197; Show Me The Money UK Ltd £3,875; TopTix Sport UK Ltd £3,787; Payment Sense £3,661;WF Senate £3,600; Physique Management Company £3,558.
West Park Leeds RUFC Ltd £3,354; Williams coaches £3,143; Prodicus Legal £3,000; NAK (UK) Ltd £3,000; Leeds Rhinos £3,000; Whitehaven RLC £2,929; Britannia Plumbing and Heating £2,650; Chilled Events £2,613.
Signature Signs £2,555; Impact Sports Consultancy £2,000; Business Management Services £2,000; Cottage Linen Hire (Leeds) £1,885; Booker £1,884; Jonny Walker £1,793; Dr Anndam Banerjee £1,550; Jailiam Investments £1,500; Eric Twigg Foods £1,429; Reflex Nutrition Ltd £1,425.
Rise International Group £1,386; Group Trader £1,370; Johnston Press £1,200.
BBS Catering and Equipment £1,150; Charles Crookes £1,140; Russell Callaghan £1,100., Professor L Funk £1,052.
A further 110 companies had claims of less than £1,000

Just one of many.

We’ve been in administration and then liquidated?

I must have missed that one

Brilliant stuff here, well done. I thought it was a Christmas miracle and FA had returned.

Some of the incompetent people foisted on us by the RFL turned out to be nobheads who stiffed their creditors. And what point is that making?

What's with the random Wakey fan bringing up an article from 4 years a go? How random!

We playing top trumps and digging up articles form their administration as well?

I'm still not really following this. I'll paraphrase as the posts are a bit big.

Random Wakey fan - RFL helped the Bulls, it's not fair, wa,wa,wa.

Me: No they didn't

Random Wakey fan - ok then, here's the proof that Marc Green was the worst owner Bradford have ever had.

Me: So, you're saying that the RFL approving Marc Green as the new owner and then showing evidence he was a disaster, proves the RFL is helping us?

Note: In case anyone missed it, Marc Green was banned from being a director for 5 1/2 years in February.

"Failure to pay taxes lands boss of Leeds-based security firm with a 5-and-half-year ban.

Published 20 February 2020

From: The Insolvency Service "

The fact that our dubious owners have shafted a number of creditors, many of them small companies and local ones at that, is a terrible thing. I think we all agree on that so what point he was making I have no idea.

Now I understand why this is all appearing. I've just found the sodding thread on the VT. Can I really be bothered to set the record straight on there. again.

I wouldn't bother. The normals have been told a thousand times and the weirdos now have the nonsensical idea of Bradford being favoured by the RFL hard-wired in their brain. It doesn't matter what you say to them, they are the Rugby equivalent of the people who say the phrase "project fear".

It’s honestly mad how hardly anyone sees the facts on the VT regarding Bradford Bulls’ previous ownership. I’ve had many arguments on there trying to educate those fans from other clubs who actually have no clue! Couldn’t get very far though. As you say Pumptypump, it seems to be hardwired into their brains.

Agreed. Its bad enough some delusion fans, but when supposidly intelligent journalists also start. If we really were the RFLs pets they would have found a way to have us in SL by now.

Everyone was convinced they were going to find a way not to relegate us after the 2017 season as well. If the RFL really did favour us they just had the perfect opportunity to find a way to fast track us into SL.

Yes Odsal should never have been brought by the RFL, but we didn't get any benefit from it whatsoever (probably a little of bit of justice there to be fair) but can imagine the meltdown if we benefitted like Wakey did in 2011 getting a license despite entering administration months earlier, or do what Salford just did with their CVA. But yeah it's only evil Bradford who's ever benefitted from dodgy decisions.

I'd just ignore the negative comments from opposing supporters. They must be bored of they're own clubs if they feel the need to comment on the Bulls board. Worrying when people feel the need to bring things up from years ago about people that have nothing to do with the Bulls anymore. If people want to enquire about Odsal contact the RFL, it's nothing to do with the Bulls anymore.

In all fairness to Wakefield they were gone. They weren’t getting a license. It was only because in the 11th hour, Crusaders pulled out due to financial troubles and I think eventual liquidation. The RFL obviously had no plans at that time to accommodate this and thus the easiest option was to keep Widnes as the promoted side but to replace Crusaders instead of Wakefield. So Wakefield by rights shouldn’t have been in during 2012-2014.

I think you should be able to leave that arguement there with that