FORUMS > Bradford Bulls > OK Bulls - Bye Bye |
|
|
Rank | Posts | Team |
International Chairman | 28357 | |
Joined | Service | Reputation |
Feb 2002 | 23 years | |
Online | Last Post | Last Page |
May 2024 | Oct 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
973_1515165968.gif 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 |
|
| Yep, that about covers it
|
|
|
|
Rank | Posts | Team |
International Star | 7 | No Team Selected |
Joined | Service | Reputation |
Nov 2013 | 11 years | |
Online | Last Post | Last Page |
Dec 2013 | Dec 2013 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| Could the new companies not simply be an investment vehicle for the new owners to put their cash into the bulls?
One thing I am really struggling to understand here is why the bulls should give any money back to OK full stop. If I buy all the shares in a local business and that businesses share price drops then the loss is on my hands. If I put money into that company that would be an investment to turn the company around as the sole shareholder not a loan. If it failed and I decided to cut my losses and sell the company I would get market value for it and wouldn't later come back and day oh by the way see that £900k I put in to try put the company right can I have it back please.
|
|
|
|
Rank | Posts | Team |
Moderator | 10969 | |
Joined | Service | Reputation |
Mar 2002 | 23 years | |
Online | Last Post | Last Page |
Jan 2023 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
1271.jpg Whenever you find yourself on the side of the majority, it is time to pause and reflect.
Mark Twain
Build Bridges NOT Walls:1271.jpg |
Moderator
|
| I suppose the loan could have been converted into shares, but that would have undoubtedly meant Omar was still the biggest shareholder - the position he wanted to leave. To the best of my knowledge the money was left as a loan and loans - unlike shares- come with an obligation to repay.
|
|
|
|
Rank | Posts | Team |
International Star | 7 | No Team Selected |
Joined | Service | Reputation |
Nov 2013 | 11 years | |
Online | Last Post | Last Page |
Dec 2013 | Dec 2013 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| I reckon not, I don't really understand where Omar has managed to pull £900k from in the first place his businesses don't strike me as the type of companies which turn over enough to fund this. I don't buy the mortgaging of properties either as no businessman in their right mind would borrow against personal assets to fund a club he knew (which he must have at the point he went in the t&a) he would be pulling out of. Especially when you consider the risk implications of property vs a sports club.
|
|
|
|
|
Rank | Posts | Team |
Player Coach | 531 | No Team Selected |
Joined | Service | Reputation |
Mar 2010 | 15 years | |
Online | Last Post | Last Page |
Nov 2024 | Oct 2024 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
50381_1423773769.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_50381.jpg |
|
|
|
|
|
|
Rank | Posts | Team |
International Star | 3213 | |
Joined | Service | Reputation |
Sep 2012 | 12 years | |
Online | Last Post | Last Page |
Oct 2023 | Aug 2021 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
68505_1605979550.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_68505.jpg |
|
| Quote: josefw "www.thetelegraphandargus.co.uk/sport/sportbulls/10846218.Bradford_Bulls_deny_administration_claims/
Bradford Bulls deny administration claims'"
Well that's obviously a lie. I don't see how the Bulls BOD can claim to know more about what's going on at the club than those fans from other clubs who post on here about how bad it is at Bradford
|
|
|
|
|
Rank | Posts | Team |
Moderator | 10969 | |
Joined | Service | Reputation |
Mar 2002 | 23 years | |
Online | Last Post | Last Page |
Jan 2023 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
1271.jpg Whenever you find yourself on the side of the majority, it is time to pause and reflect.
Mark Twain
Build Bridges NOT Walls:1271.jpg |
Moderator
|
|
|
|
|
|
Rank | Posts | Team |
Player Coach | 474 | |
Joined | Service | Reputation |
Aug 2009 | 15 years | |
Online | Last Post | Last Page |
Mar 2020 | Mar 2020 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
46442.jpg :46442.jpg |
|
| Maybe, just maybe the new owners have found a right pile of poo and are looking to take things forward properly and run the new company professionally - At last!
Like I said some short term pain for long term gain, the Bulls haven't been run properly for years it's to be applauded and welcomed.
|
|
|
|
|
Rank | Posts | Team |
Player Coach | 6858 | |
Joined | Service | Reputation |
Oct 2009 | 15 years | |
Online | Last Post | Last Page |
Sep 2019 | Nov 2018 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
22/03/2013
Get LEIGH outta wigan: |
|
|
Quote: Frank Whitcombe "Maybe, just maybe the new owners have found a right pile of poo and are looking to take things forward properly and run the new company professionally - At last!
Like I said some short term pain for long term gain, the Bulls haven't been run properly for years it's to be applauded and welcomed.'"
Dino poo if you will
www.youtube.com/watch?v=O01E7xr5OuE
|
|
Quote: Frank Whitcombe "Maybe, just maybe the new owners have found a right pile of poo and are looking to take things forward properly and run the new company professionally - At last!
Like I said some short term pain for long term gain, the Bulls haven't been run properly for years it's to be applauded and welcomed.'"
Dino poo if you will
www.youtube.com/watch?v=O01E7xr5OuE
|
|
|
|
|
|
Rank | Posts | Team |
International Chairman | 28357 | |
Joined | Service | Reputation |
Feb 2002 | 23 years | |
Online | Last Post | Last Page |
May 2024 | Oct 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
973_1515165968.gif 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: Charging Bull "I reckon not, I don't really understand where Omar has managed to pull £900k from in the first place his businesses don't strike me as the type of companies which turn over enough to fund this. I don't buy the mortgaging of properties either as no businessman in their right mind would borrow against personal assets to fund a club he knew (which he must have at the point he went in the t&a) he would be pulling out of. Especially when you consider the risk implications of property vs a sports club.'"
Well, that's settled then. He couldn't possibly have raised it, if you don't "buy" it, so that means the 900K didn't materialize, we were unable to pay any wages bill or taxes since then, we presumably went bust and wound the place up. The rest of us missed all this, but I'm sure you're right, so well done you for spotting it.
How long do you think they can keep this pretence up, of still existing? Personally I hope nobody else finds out at least until the end of next season.
|
|
|
|
Rank | Posts | Team |
International Star | 7 | No Team Selected |
Joined | Service | Reputation |
Nov 2013 | 11 years | |
Online | Last Post | Last Page |
Dec 2013 | Dec 2013 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
| If we had cash so freely available where are the replacement for Bateman & L'Estrange?
Do you honestly think OK had £900k that he could sink into the bulls?
|
|
|
|
Rank | Posts | Team |
International Star | 1055 | No Team Selected |
Joined | Service | Reputation |
Oct 2012 | 12 years | |
Online | Last Post | Last Page |
Dec 2016 | Nov 2016 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
68562_1393714023.jpg Everywhere We Go:d7dc4b20b2c2dd7b76ac6eac29d5604e_68562.jpg |
|
| Quote: Charging Bull "If we had cash so freely available where are the replacement for Bateman & L'Estrange?
Do you honestly think OK had £900k that he could sink into the bulls?'"
I must ask, did my username inspire yours? It is very similar to mine.
|
|
|
|
Rank | Posts | Team |
Moderator | 10969 | |
Joined | Service | Reputation |
Mar 2002 | 23 years | |
Online | Last Post | Last Page |
Jan 2023 | Jun 2022 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
1271.jpg Whenever you find yourself on the side of the majority, it is time to pause and reflect.
Mark Twain
Build Bridges NOT Walls:1271.jpg |
Moderator
|
| Quote: Charging Bull "If we had cash so freely available where are the replacement for Bateman & L'Estrange?
Do you honestly think OK had £900k that he could sink into the bulls?'"
That must have been the greatest illusion since that guy on the grassy knoll, unbelievably, got away with shooting JFK ...just imagine, to [ipretend[/i to put £900k into the club and do it [iso well[/i that the new owners, who were both in admin positions at the time, are actually stating that they intend to [ipay him back[/i. Clearly, OK is either a hypnotist or a magician. Maybe he runs a 'find the lady' stall in his spare time?
For what it's worth, Heath prevaricated for a while about taking up the option for another year and it was always intended that his successor would come from the juniors and we have a few new second row/centres coming for next year - so who says Bateman hasn't been replaced?
|
|
|
|
Rank | Posts | Team |
International Star | 7 | No Team Selected |
Joined | Service | Reputation |
Nov 2013 | 11 years | |
Online | Last Post | Last Page |
Dec 2013 | Dec 2013 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
: |
|
|
Fair enough on the players the squad looks strong for next season.
The only article I can find where a member if the board stating that Omar will be paid back was in an interview with Ryan Whitcut. This is a guy who was employed by OK and was part of the old regime so maybe felt some loyalty towards Omar. I can't see anything from the current board stating he will be paid back.
Article in the t&a; www.thetelegraphandargus.co.uk/s ... lls_chief/
|
|
Fair enough on the players the squad looks strong for next season.
The only article I can find where a member if the board stating that Omar will be paid back was in an interview with Ryan Whitcut. This is a guy who was employed by OK and was part of the old regime so maybe felt some loyalty towards Omar. I can't see anything from the current board stating he will be paid back.
Article in the t&a; www.thetelegraphandargus.co.uk/s ... lls_chief/
|
|
|
|
|
|
Rank | Posts | Team |
International Star | 3213 | |
Joined | Service | Reputation |
Sep 2012 | 12 years | |
Online | Last Post | Last Page |
Oct 2023 | Aug 2021 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
68505_1605979550.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_68505.jpg |
|
| Well there's a fans forum on Wednesday, why not go and ask these burning questions in person? Or does your bravery fail you when you move away from a keyboard?
|
|
|
|
|
|