Next "investors" peeerleeeeease step forward.....

This is the case in most administration situations.
Of course the new owners start with a clean slate, unless something else has been agreed with the administrators.
But, if this were ok, many clubs would go into admin and start a fresh.
Yes, this seemed to be a way of removing OK's shares and allowing a new start but, surely it's no different from ANY club going into admin, something which the RFL said that they wouldn't allow to happen.

It sounds like you are condoning the situation which, does come as something of a surprise

I can see a real Sh*tstorm brewing if the Bulls escape a points deduction and then avoid relegation by the skin of their teeth.

Lets not forget they are "iconic"

I'm not condoning the situation I'm questioning what's going on.

Fwiw I don't agree with the logic of punishing the new owners for the sins of the old ones. Omar Kahn isn't at. Bradford any more, any punishment to Bradford doesn't affect Omar Kahn. The punishment should be aimed at him.

Yep, give poor old Omar a six point deduction, he’ll be gutted

.

You are basically saying the newco should be absolved of any debt accrued by the old regime. But I’m sure that the RFL told Wakey last year that a flat pack was simply out of the question.

i think the points deduction punishment is used more as a warning to other clubs, than as a punishment to the club in question. It is far too easy for a club to go into administration, transfer all the playing contracts and start up again the next day, leaving a trail of debtors in their wake.

Perhaps knock off Nigel prefers his furniture to last a little longer than a few years.

With relegation starting this year the stakes are even higher

Lets not forget the rfl called the "ground" iconic when they aquired the sub lease to the ground that holds the British (and former world) record for attendance at a Rugby League match.

It's a difficult situation this. Unlike last time where we ran out of money, we have buyers READY to take over the club. Unfortunately the parties involved have been arguing. Been going on for so long that HMRC have stepped in, but OK Bulls Ltd in administration and allowed Bradford Bulls 2014 Ltd to take over.

how long were the Bulls in "administration" for under OK Bulls Ltd. From what i can gather it was an almost instant take over.

I'm no expert on the subject so feel free to correct me. I can see other fans frustrations.

Doesn't really work as a warning though does it, Kahn isn't involved so he isn't being punished, whoever takes the next club to admin won't be involved when they are punished. What's the warning? If you take a club in to admin we will punish the next person who buys it? Who's that going to put off?

I wonder if they'll be known as Bradford Bulls 2015 next year