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I suspect that we are in for some bad news.

That was the worst performance I have seen from Bradford ever.

I suppose it's only to be expected if the players have been told they are about to be d1cked.

Be careful what you wish for.

COYB

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Yes it doesn't look good, that team spirit we have built this season seemed to have evaporated tonight. Going to be an interesting few days.

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Well the announcement was that Khan has bought the holding company (Bradford Bulls Holdings Ltd) and not the trading company (Bradford Bulls Ltd). Holding companies by law can not have any employees. Where this leaves the players with regard to TUPE and transfer of contracts and existing terms and conditions is anyone's guess. If they haven't been TUPE'd, due to not being employees of the holding company, then that could explain tonight's performance.

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Quote: Derwent "Well the announcement was that Khan has bought the holding company (Bradford Bulls Holdings Ltd) and not the trading company (Bradford Bulls Ltd).'"


Wrong.

He has bought the business undertaking. BB(H) Ltd will be liquidated.

Quote: Derwent " Holding companies by law can not have any employees. '"


Wrong. Totally wrong.

The staff are anyway employed by BB(H) Ltd.

Quote: Derwent "Where this leaves the players with regard to TUPE and transfer of contracts and existing terms and conditions is anyone's guess. If they haven't been TUPE'd, due to not being employees of the holding company, then that could explain tonight's performance.'"


No it is not anyone's guess.

To the extent normal employment law applies, they will be TUPEd across to OK Bulls Ltd.

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Quote: Adeybull "Wrong.

He has bought the business undertaking. BB(H) Ltd will be liquidated.

Wrong. Totally wrong.

The staff are anyway employed by BB(H) Ltd.

No it is not anyone's guess.

To the extent normal employment law applies, they will be TUPEd across to OK Bulls Ltd.'"



I thought ALL the staff were made redundant?

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Well something has happened, that was shocking. Where has the team that played at Huddersfield gone?

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Quote: Cassandra "I thought ALL the staff were made redundant?'"


No. They were not. And none of the players were.

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Quote: Adeybull "Wrong.

He has bought the business undertaking. BB(H) Ltd will be liquidated.

Wrong. Totally wrong.

The staff are anyway employed by BB(H) Ltd.

'"


Obviously BBH will be liquidated, but what about the trading company (BBL) ? I had assumed that the Holding company was simply being used as a SPV to facilitate the sale of assets, leaving the liabilities in the trading company ?

You are saying that the employees are employed by the holding company rather than the trading company ? Why ? It kind of defeats the object of having a holding company to do that.

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Quote: Adeybull "No. They were not. And none of the players were.'"



It's on this board on July 2.

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Quote: Cassandra "It's on this board on July 2.'"


Must be true then.

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Could it be they've been told they're staying and as such they're no longer in the shop window?

Either way it was pathetic, the season ends with a whimper.

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Quote: bullsonfire "Could it be they've been told they're staying and as such they're no longer in the shop window?

Either way it was pathetic, the season ends with a whimper.'"


If the Wakefield players are as cocky as their fans right now then it might not all be over.

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Quote: Derwent "Obviously BBH will be liquidated, but what about the trading company (BBL) ? I had assumed that the Holding company was simply being used as a SPV to facilitate the sale of assets, leaving the liabilities in the trading company ?

You are saying that the employees are employed by the holding company rather than the trading company ? Why ? It kind of defeats the object of having a holding company to do that.'"


You really do not seem to have the first idea what you are talking about.

BBH WAS the trading company. BBL operates the lottery - only.

Go check out the accounts.

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Quote: Cassandra "It's on this board on July 2.'"


What is?

None of the players were made redundant.

The coaching staff and various other staff were made redundant. A number of less-expensive other staff were retained. How else could the club continue as a going concern?

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Quote: bullsonfire "Could it be they've been told they're staying and as such they're no longer in the shop window?

Either way it was pathetic, the season ends with a whimper.'"


Could be they read the same reports as we have? That the RFL have seemingly not yet completed due dilligence on OK's bid, so could yet say they are not happy he has the finances in place for a SL operation.

Or could be they read that the RFL have seemingly said that there will be a mini-franchising round, the results of which will be known at some later date - i.e. it could be ages yet before we know if we have a SL licence for next year. When last Tuesday they probably thought Wood and Rimmer were coming up to tell them everything had been sorted?

Guess we'll have to see who is prepared to say what, and when? And then judge whether anything might or might not have had a bearing?

44 posts in 4 pages 
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