No shìt, Sherlock...

Wow with such knowledge like that you must be a supreme business man.

Bear takes roll of Andrex treewards.

Maybe he could run advanced business masterclasses as a fundraiser for the Bulls

Are you Gerry Sutcliffe

Everyone's mocking LD for stating the obvious - just a shame it wasn't so obvious to our various owners

I'd suspect, deep down, it probably was, NR.

Trouble is, what's 'obvious' to a dispassionate outside observer isn't always [iquite[/i so obvious to someone more closely involved and all sorts of 'ways round' can look very enticing, and logic then often goes out of the window.You need only look at the success of the payday loans businesses for individuals and the fact that so many other companies go bust to realise that this is really very, very common. As you rightly say, logically it [ishouldn't[/i happen...

I think though that the weight of speculation as to why the last Bulls went tits is much more to do with a power struggle, and a way of removing OK? Certainly there has been plenty of comment and suggestion that the administration was planned and engineered, and some have even said the RFL was involvd in the planning. And it is without a doubt that ther must have been SOME preparation in advance, since a prepack was done selling the business on the same day as it went into admin.

Yes we did owe HMRC a sum which was used as the 'reason' for administration but Whitcut tweetedWhen I left the club in November last year, there was no debt to HMRC and the Purchase ledger was running at about £300k- The threat of a winding up petition by HMRC was down to those in charge after I left.'"

Why would they run a business like that knowing the end game could only possibly be administration? Maybe because a too big to fail culture had developed at the club. You can't blame them, no reason to think otherwise considering the RFLs previous level of favouritism. Moral Hazard I believe is the term that applies at least that's what the Bulls thought when they were putting together the 2014 playing budget.

Pure idle speculation, based on nothing. Do you have information to prove what Whitcut says is untrue?

If not, then on the face of it, clearly the business had not been run in any such way.

And if it was, then how come Moore, Calvert and Watt, the directors of the company "being run that way" were also directors of the company buying the business? Wouldn't that be odd?


Meaningless nonsense, I'm afraid. You don't have a clue about what figures they put together, and you can't even clarify who "they" were. We will never know how the business would have been run had the BB2014 purchase been completed but we do know that (obviously) BB2014's business plan had been accepted by the RFL and i would suggest that - especially given what had gone before - the plan the RFL accepted from them would not have showed them planning to trade insolvently?

Quote: Ferocious Aardvark "I think though that the weight of speculation as to why the last Bulls went tits is much more to do with a power struggle, and a way of removing OK? Certainly there has been plenty of comment and suggestion that the administration was planned and engineered, and some have even said the RFL was involvd in the planning. And it is without a doubt that ther must have been SOME preparation in advance, since a prepack was done selling the business on the same day as it went into admin. Yes we did owe HMRC a sum which was used as the 'reason' for administration but Whitcut tweeted Ways of removing OK? Omar Khan was not removed. He left of his own accord. You may care to refer to the story that appeared in early September 2013 with regard to an HMRC winding up order against OK Bulls. Mr Whitcut claimed that this amount being owed was down to an 'oversight' at the club. He stated that the amount was paid in full and that the club was not in any trouble. Perhaps you would care to look at this matter, and compare the timing of it to the debenture taken out by himself, just 4 days after Omar Khan stepped down as a director. I think you are right when you say 'planning' may have taken place. Until a sale deal was rubber stamped and the transaction had been completed, why would anyone step down as director of a company? Curiously all the other directors left prior to the sale being complete. This would suggest 'planning had taken place, before of course all the fuss over financial irregularities' came to light. It would be extremely difficult for any business to accrue debts of £170k to HMRC between the date Mr Whitcut says he left the company, i.e November 2013 and the date the winding up order was issued. Perhaps there is some economy with the truth on the part of Mr Whitcut? Omar Khan did not 'pump in' £1m to OK Bulls. The administrator places this sum at £400k and there is absolutely no evidence anywhere to prove otherwise. You may wish to refer to the stories that surfaced in early August 2013 in regard to financial difficulties at OK Bulls. No official amount was ever confirmed, but it was 'believed' to be around £900k that Omar Khan pumped in from the sale of properties he owned. This £900k clearly was not enough to fund the club going forward, as was claimed at the time. www.thetelegraphandargus.co.uk/n ... pay_wages/ Wasn't it Ryan Whitcut, chairman at the time, who sold John Bateman to Wigan Warriors for the sum of £71,000? Apparently there were no financial reasons for the sale, though it is curious that this did not come from Whitcut, but Cummins. A figure of £71,000 seems like a 'fire sale' sort of figure given the contract Bateman was under and the regard in which he was held. If there were no financial motivations behind the sale, why did Ryan Whitcut allow him to leave so cheaply? www.thetelegraphandargus.co.uk/s ... ial_fears/ All very interesting.

Quote: Ferocious Aardvark "I think though that the weight of speculation as to why the last Bulls went tits is much more to do with a power struggle, and a way of removing OK? Certainly there has been plenty of comment and suggestion that the administration was planned and engineered, and some have even said the RFL was involvd in the planning. And it is without a doubt that ther must have been SOME preparation in advance, since a prepack was done selling the business on the same day as it went into admin. Yes we did owe HMRC a sum which was used as the 'reason' for administration but Whitcut tweeted Ways of removing OK? Omar Khan was not removed. He left of his own accord. You may care to refer to the story that appeared in early September 2013 with regard to an HMRC winding up order against OK Bulls. Mr Whitcut claimed that this amount being owed was down to an 'oversight' at the club. He stated that the amount was paid in full and that the club was not in any trouble. Perhaps you would care to look at this matter, and compare the timing of it to the debenture taken out by himself, just 4 days after Omar Khan stepped down as a director. I think you are right when you say 'planning' may have taken place. Until a sale deal was rubber stamped and the transaction had been completed, why would anyone step down as director of a company? Curiously all the other directors left prior to the sale being complete. This would suggest 'planning had taken place, before of course all the fuss over financial irregularities' came to light. It would be extremely difficult for any business to accrue debts of £170k to HMRC between the date Mr Whitcut says he left the company, i.e November 2013 and the date the winding up order was issued. Perhaps there is some economy with the truth on the part of Mr Whitcut? Omar Khan did not 'pump in' £1m to OK Bulls. The administrator places this sum at £400k and there is absolutely no evidence anywhere to prove otherwise. You may wish to refer to the stories that surfaced in early August 2013 in regard to financial difficulties at OK Bulls. No official amount was ever confirmed, but it was 'believed' to be around £900k that Omar Khan pumped in from the sale of properties he owned. This £900k clearly was not enough to fund the club going forward, as was claimed at the time. www.thetelegraphandargus.co.uk/n ... pay_wages/ Wasn't it Ryan Whitcut, chairman at the time, who sold John Bateman to Wigan Warriors for the sum of £71,000? Apparently there were no financial reasons for the sale, though it is curious that this did not come from Whitcut, but Cummins. A figure of £71,000 seems like a 'fire sale' sort of figure given the contract Bateman was under and the regard in which he was held. If there were no financial motivations behind the sale, why did Ryan Whitcut allow him to leave so cheaply? www.thetelegraphandargus.co.uk/s ... ial_fears/ All very interesting.

Indeed it is fairly common. This begs the question as to why, with his track record of business failures, Omar Khan left the day to day running of OK Bulls to Ryan Whitcut.

Unmitigated rubbish.

1 - Whitcu*t stood down before 12 November.

2 - There was NO winding-up order. They are granted by the High Court. HMRC issued a petition for winding up, to be heard by the High Court in March. As before, you seem to lack an understanding of how these processes work.

3 - You clearly also have little if any understanding of how a business works, and in particular with how the PAYE system works. Fortunately for our readers, some of us DO - and ought to, having been involved in running businesses for many years. The PAYE on the October payroll falls due 22/11 (if paid by bank transfer). That on the November payroll falls due 22/12. On the December Payroll, 22/1 - all assuming no existing arrears.

4 - HMRC are extremely robust in chasing proferssional sports clubs for overdue PAYE. ANd rightly so, given the track record of insolvencies, and especially so where a club (under whatever owners) has already defaulted often. Be more than a few days late, and they will petition to seek to enforce payment. And rightly so - the taxpayer would expect no less.

5 - The winding-up petition was issued c. 14/1, IIRC? By which time, it is highly conceivable that the PAYE on the October, November and December payrolls will have been outstanding. Two payrolls might account for the outstanding amount. Three definitely would (happy to post the maths if required). When Whitcu*t left c.12/11, NONE of this PAYE would be due for payment, provided earlier payments had all been made.

6 - Whitcu*t MAY have been a tad disingenuous (not for the first time) regarding the PAYE on the Otober payroll: it being a liability of the company, but NOT yet due for payment. The wording in his letter may be deliberately ambiguous in this regard - only he knows. But, factually, it will not have been a debt due for payment when he left. It may even have been paid since - see next point. And could well have been, given point 4.

7 - That is before we start considering the January payroll, when that was paid, and in particular whether it was paid before the adminstration order, which would mean the January PAYE would be included in the £170k debt owing to HMRC per the statement of affairs, the PAYE normally being due for payment 22/2.

8 - And then we have VAT, where I would assume a liability since most income is standard-rated, and a large proportion of the cost base is not.


All the above from memory, since I do not have the docs to hand right now. I'll improve on my answers if necessary once I have the docs to hand.

Now, Mr Dweeb, do you still assert "...It would be extremely difficult for any business to accrue debts of £170k to HMRC between the date Mr Whitcut says he left the company, i.e November 2013 and the date the winding up order (sic) was issued."? Since I just demonstrated precisely the opposite?

I think it's a reasonable assumption to say that Omar made a few mistakes in his stewardship of the club. In terms of his financial health probably the biggest, given the deal he negotiated, being his decision to take it on in the first place. I think it's pretty fair to say that I would have eschewed the RFL's kind offer and walked away - and I'm a dyed in the wool, long term fan.

Why did he leave the running to Ryan? Well the best bloke to ask would be Omar, of course, though if we accept his stated reason ad health] for leaving maybe the timescale left him little choice; maybe it was a desperate man's final throw of the dice. Truth is I don't know, any more than you do. I do know that in desperate times, otherwise sensible people sometimes take desperate measures - maybe this was one of those?

As usual you state something as a fact, when it is not. OK intended to leave and thought he had sold his shares but a) the purchase price was never paid and b) due to a simple cockup not all the shares were actually transferred. Then the litigation between OK and the buyers ensued and it is still ongoing. Thus on paper OK still owned/own 99 of the 100 shares. And obviously, he not having been paid, that now turned into a considerable impasse. Which was of oucrse removed by the sale via administration.

It would be appreciated if you would stop throwing in loose chitter chatter as “fact” when clearly your knowledge is extremely patchy.


See Adey’s post

The FACT is the sale of the shares took place, and OK gave the buyers time to pay, wisely or not. Are you questioning the fact of it happening? What is this, some sort of quarter-baked conspiracy theory?


Nope, just more false claims by you, but Adey has dealt with those comprehensively.


Another lie from you. At the creditors’ meeting the administrator admitted OK’s debt at around the £1m. Why do you feel compelled to serially claim things as facts, when you don’t actually know?

More to the point, this is not the first time your lies and misstatements have had to be corrected. Do you have a short attention span, or an agenda to keep repeating lies?