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| Quote dboy="dboy"Will OK now liquidate the assets, to claw back as much of his outlay as possible???'"
No.
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| how can you expect any value for shares in a company with a negative net worth? In this sort of scenario usually the shares go for £1 the lot and the new owner puts the money into the business.
OK should have taken this action when told about the £600k fine. Walked away leaving SL to run and fund the bulls.
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Player Coach | 437 | No Team Selected |
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| CHEERS OK,this shambles will do wonders for season ticket sales.His and GSs departure and subsequent legal moves could not have been timed better to inflict maximum damage and uncertainty.
Well done both of you.
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International Star | 1795 | No Team Selected |
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| Quote MicktheGled="MicktheGled"No.'" MIck is this anything to do with RHP's major announcement after christmas?
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Club Coach | 4273 | Wakefield Trinity |
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Oct 2005 | 20 years | |
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| Quote MicktheGled="MicktheGled"No.'"
So OK is intending to fund and run the Bulls as a going concern?
Glad he is over the illness that made him step down in the first place, by the way.
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Club Coach | 4526 | Bradford Bulls |
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Mar 2005 | 20 years | |
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| Quote daveyz999="daveyz999"I questioned the other day if the directors had actually put any money in the club.
I don't think OK has done that much wrong. Moore told everyone bar OK that he wasn't paying a penny for the club. If I was OK I wouldn't be too happy and would hold back the shares until I saw some money.
What did the new 'owners' expect, a free go at running a sports club? Reality check for Moore, Watt and Calvert!'"
Don't forget that just because there is no rugby being played wages and expenses have still had to be paid. Who do you think has been covering those? OK or GS?
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International Board Member | 2757 | No Team Selected |
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| I honestly thought Ok didn't have a clue what he was getting himself into when he came along, this latest development is just a bluff by the 3 guys to pressure OK, be interesting few days coming up I reckon.
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International Star | 750 | Bradford Bulls |
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| Quote Stul="Stul"Because they're worth nothing?'"
I think the issue is more the agreement to repay loans made by OK. The shares were to be transferred in recognition of that settlement over an agreed period .
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| Vipin will be running the club with Omar's backing,the 3 who have left didn't have any money
Also heard the police have been involved
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| Its a load of tripe..... no one can possibly say or suggest what Bradford should do... all you Bulls Fans have, and probably only will ever have for Khan and co, are questions. Omar saw the opportunity to jump in for the benefit of his back pocket now all the money has been bled dry by him through ways and means this has happened.
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Player Coach | 1722 | No Team Selected |
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| Quote rugbyreddog="rugbyreddog"Don't forget that just because there is no rugby being played wages and expenses have still had to be paid. Who do you think has been covering those? OK or GS?'"
I don't think the new directors will currently be funding these wages. the club will have income from the season ticket sales. Its a few months down the line, when the funding from season tickets is gone that the club will be brought to its knees.
I would have had some sympathy if the directors actually parted with their own cash, but this clearly isn't the case as they all found it pretty easy to leave.
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International Star | 1795 | No Team Selected |
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| so on the one hand Omar wants nothing to do with the club and wants his loan back and on the other hand he is going to put more money in?
With all the contradictions going on (and people like Hood popping up) I am going to wait to see what Micks denouement is, but it had better be good whatever it is!
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