FORUMS > The Virtual Terrace > Boots and All - Bradford |
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| Just a point. Neither OK Bulls, BB2014 nor any other company have been docked points by the RFL.
The sports club playing as Bradford Bulls in Super League has been docked points. Who owns the club or company is irrelevant in this context.
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| Quote: SmokeyTA "Where is the deterrent to Omar Kahn putting the bulls into admin by deducting Marc Greens club points? It has no effect on Omar Kahn at all.
I want a deterrent. I want a punishment and rules that work. Deducting the new bulls points for what the old bulls did is neither of those.
It isn't a deterrent because it punishes clearly the wrong people. If anything we should be giving more help to people like Carter and Green, they are putting their money in to try and rectify the mess someone else made of one of our clubs'"
Khan didn't put the Bulls into admin...Green did.
Green has benefitted massively by taking full ownership of the club, debt-free.
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[quote="bUsTiNyAbALLs":9q9d2t35]Do not converse with me you filthy minded deviant.[/quote:9q9d2t35]
[quote="vastman":9q9d2t35]My rage isn't impotent luv, I'm frothing at the mouth actually.[/quote:9q9d2t35]: |
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| Quote: Him "Just a point. Neither OK Bulls, BB2014 nor any other company have been docked points by the RFL.
The sports club playing as Bradford Bulls in Super League has been docked points. Who owns the club or company is irrelevant in this context.'"
The sports club Bradford bulls only exist as a playing entity of the company who owns the golden share and as such membership of the RFL and SL. Who owns the club is not irrelevant. Who owns the club IS the Bradford bulls. 'The club' is the company which holds that share, it doesn't exist outside of it.
The member of the RFL at Leeds is leeds CF&A ltd, trading as Leeds Rhinos rugby football league club. Under the RFL's articles of association leeds rhinos RLFC do not exist outside Leeds CF&A ltd.
The RFLs articles define a club as "any rugby league club which is admitted by the Council as a member of the Company from time to time in accordance with these Articles; " the member is the company holding the share. The points deduction by virtue of being levied against the club, is levied against the member, in this case Bradford Bulls Northern ltd, for the actions of OK Bulls ltd in going in to admin, and against BB2014 ltd for their actions coming out.
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[quote="bUsTiNyAbALLs":9q9d2t35]Do not converse with me you filthy minded deviant.[/quote:9q9d2t35]
[quote="vastman":9q9d2t35]My rage isn't impotent luv, I'm frothing at the mouth actually.[/quote:9q9d2t35]: |
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| Quote: dboy "Khan didn't put the Bulls into admin...Green did.
Green has benefitted massively by taking full ownership of the club, debt-free.'"
Omar Kahn was in control of the club when it was put into admin, Marc Green was a creditor and not under the jurisdiction of the RFL. The RFL cannot punish someone not under their jurisdiction.
If you do want to be that picky , technically it was the court who put the company into administration and the administrator who agreed the payment to creditors. By your logic it's The judge and administrator we should be deducting points from.
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| Quote: SmokeyTA "Omar Kahn was in control of the club when it was put into admin, Marc Green was a creditor and not under the jurisdiction of the RFL. The RFL cannot punish someone not under their jurisdiction.
If you do want to be that picky , technically it was the court who put the company into administration and the administrator who agreed the payment to creditors. By your logic it's The judge and administrator we should be deducting points from.'"
Wasn't there a winding up order served on the Bulls by the HMRC, isn't it the truth that Administration was sought to protect the club from being wound up, once in Administration all the creditors are then under that process.
Hardly 'Force Majure' is it?
If you don't pay your tax bill you don't need to be Nostradamus to see what's coming!
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| Quote: SmokeyTA "The sports club Bradford bulls only exist as a playing entity of the company who owns the golden share and as such membership of the RFL and SL. Who owns the club is not irrelevant. Who owns the club IS the Bradford bulls. 'The club' is the company which holds that share, it doesn't exist outside of it.
The member of the RFL at Leeds is leeds CF&A ltd, trading as Leeds Rhinos rugby football league club. Under the RFL's articles of association leeds rhinos RLFC do not exist outside Leeds CF&A ltd.
The RFLs articles define a club as "any rugby league club which is admitted by the Council as a member of the Company from time to time in accordance with these Articles; " the member is the company holding the share. The points deduction by virtue of being levied against the club, is levied against the member, in this case Bradford Bulls Northern ltd, for the actions of OK Bulls ltd in going in to admin, and against BB2014 ltd for their actions coming out.'"
So the sports club exists then? And can be transferred from one company to another.
When whichever company owns the sports club now bought it, they also bought any punishments due to the club. In the same way as if a Bradford player had received a ban before the club changed ownership that ban would still be current under the new owners.
It's frankly ridiculous to suggest any punishments the club receives for breaking the rules should be annulled simply because it changes ownership. Either it's new club or it isn't. If it's a new club then they can apply for a place in C1. If it's not then any punishment the club received previously applied to the club now.
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18686.jpg In Springfield, they're eating the dogs, the people that came in. They're eating the cats! They're eating the pets!:18686.jpg |
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| Smokey, your defence of Bradford is all very laudable, however, I’ve yet to see your answer to the problem.
Say club “A” assembles a squad at a cost of £1.4M & the said club finishes twelfth in the league, but as soon as the income streams dry up, when the season ends, the club goes into administration.
Whereas club “B” has a squad costing £1M which finishes thirteenth & is relegated.
Are you of the opinion that club “A” Mk II should receive no points deduction for the following year?
If so, what’s to stop club “A” Mk III, IV, V etc., doing the same thing year after year?
Maybe you believe the owner/s of club “A” (which has gone to the wall) should be penalised financially, wouldn’t there be a slight problem, as the cupboard would be bare?
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| Quote: SmokeyTA "Omar Kahn was in control of the club when it was put into admin, Marc Green was a creditor and not under the jurisdiction of the RFL. The RFL cannot punish someone not under their jurisdiction.
If you do want to be that picky...'"
Green put the Bulls in admin as a Debenture holder. He is now directly benefitting from completely owning a debt-free Bulls.
The RFL aren't punishing "someone", they are punishing the Bulls...something you want to pretend isn't happening.
It's not picky. It's facts. And it's fair.
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| Quote: dboy "Green put the Bulls in admin as a Debenture holder. He is now directly benefitting from completely owning a debt-free Bulls.
'"
I don't koow if you're suggesting this was his plan, but his explanation is that admin was to protect the Bulls, as if he hadn't done so HMRC's winding up petition would have resulted in liquidation. At the time he did this Marc Green wasn't even a bidder for the Bulls and even after the original group (Moore/Calvert/Watt) pulled out he wasn't the first choice of the administrator (Lamb), so if his aim was to take over a debt free bulls it does seem a very convoluted and tricky way to do it.
Btw he's now directly "benefiting" by putting in more of his money to cover any deficit, and indeed had to provide proof to the RFL of funds to get to the season end, on a club that has little or no assets.
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| Quote: childofthenorthern "I don't koow if you're suggesting this was his plan, but his explanation is that admin was to protect the Bulls, as if he hadn't done so HMRC's winding up petition would have resulted in liquidation. At the time he did this Marc Green wasn't even a bidder for the Bulls and even after the original group (Moore/Calvert/Watt) pulled out he wasn't the first choice of the administrator (Lamb), so if his aim was to take over a debt free bulls it does seem a very convoluted and tricky way to do it.
Btw he's now directly "benefiting" by putting in more of his money to cover any deficit, and indeed had to provide proof to the RFL of funds to get to the season end, on a club that has little or no assets.'"
I wouldn't have thought that was his plan...seems a lot of uncontrollables in there.
The point made is in response to Smokey, who says Bulls don't exist and it is the people who put Bulls into admin that should be punished, not the new owners.
Well, by quirk of fate, the person who put Bulls into admin and the new owner, is one and the same - Green.
Of course, the real point is, it doesn't who owns them at any point in time - the member club (which really does exist), went into admin and it is the member club which should be penalised.
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17123_1311448581.jpg If you only knew the POWER of the dark side.:d7dc4b20b2c2dd7b76ac6eac29d5604e_17123.jpg |
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| Quote: The Devil's Advocate "Smokey, your defence of Bradford is all very laudable, however, I’ve yet to see your answer to the problem.
Say club “A” assembles a squad at a cost of £1.4M & the said club finishes twelfth in the league, but as soon as the income streams dry up, when the season ends, the club goes into administration.
Whereas club “B” has a squad costing £1M which finishes thirteenth & is relegated.
Are you of the opinion that club “A” Mk II should receive no points deduction for the following year?
If so, what’s to stop club “A” Mk III, IV, V etc., doing the same thing year after year?
Maybe you believe the owner/s of club “A” (which has gone to the wall) should be penalised financially, wouldn’t there be a slight problem, as the cupboard would be bare?'" It gets better than that.
In Smokey's head an owner can rack up a fortune in debts over a period of time maybe win a cup or 2 and then enter admin, have another wide boy buy them and do the same and have this happen over and over and over again without any punishment.
Smokey's idea sounds good but it requires a time machine..................Maybe he is a massive back to the future fan and hasn't realised it's not real.
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//www.pngnrlbid.com
[quote="bUsTiNyAbALLs":9q9d2t35]Do not converse with me you filthy minded deviant.[/quote:9q9d2t35]
[quote="vastman":9q9d2t35]My rage isn't impotent luv, I'm frothing at the mouth actually.[/quote:9q9d2t35]: |
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| Quote: Him "So the sports club exists then? And can be transferred from one company to another.
'"
No. It doesn't. The club doesn't exist outside of the company which owns it. It is the company that owns it and cannot be transferred. The club is the company which owns the share.
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//www.pngnrlbid.com
[quote="bUsTiNyAbALLs":9q9d2t35]Do not converse with me you filthy minded deviant.[/quote:9q9d2t35]
[quote="vastman":9q9d2t35]My rage isn't impotent luv, I'm frothing at the mouth actually.[/quote:9q9d2t35]: |
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| Quote: Anakin Skywalker "It gets better than that.
In Smokey's head an owner can rack up a fortune in debts over a period of time maybe win a cup or 2 and then enter admin, have another wide boy buy them and do the same and have this happen over and over and over again without any punishment.
Smokey's idea sounds good but it requires a time machine..................Maybe he is a massive back to the future fan and hasn't realised it's not real.'"
If I buy a club, run up huge debts, win a trophy or two, put it into admin. Someone else then buys it, the club gets 6 points deducted. At what point have I been punished?
If I haven't, where is the deterrent to me putting the club into admin?
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//www.pngnrlbid.com
[quote="bUsTiNyAbALLs":9q9d2t35]Do not converse with me you filthy minded deviant.[/quote:9q9d2t35]
[quote="vastman":9q9d2t35]My rage isn't impotent luv, I'm frothing at the mouth actually.[/quote:9q9d2t35]: |
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| Quote: The Devil's Advocate "Smokey, your defence of Bradford is all very laudable, however, I’ve yet to see your answer to the problem.
Say club “A” assembles a squad at a cost of £1.4M & the said club finishes twelfth in the league, but as soon as the income streams dry up, when the season ends, the club goes into administration.
Whereas club “B” has a squad costing £1M which finishes thirteenth & is relegated.
Are you of the opinion that club “A” Mk II should receive no points deduction for the following year?
If so, what’s to stop club “A” Mk III, IV, V etc., doing the same thing year after year?
Maybe you believe the owner/s of club “A” (which has gone to the wall) should be penalised financially, wouldn’t there be a slight problem, as the cupboard would be bare?'" in answer to your question, the realities of administrations top that. Why would someone want to do that? Whilst creditors may lose out,the investor who buys the club, invests in it and puts it in to admin also loses out. Your hypothesis assumes there area queue of people wanting to lose a large amount of money buying. RL clubs and putting them into admin and the only thing stopping them is that the club may get a points penalty after they have left
Why is a 6 point deduction after I have left a punishment or deterrent to me doing that anyway?
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18686.jpg In Springfield, they're eating the dogs, the people that came in. They're eating the cats! They're eating the pets!:18686.jpg |
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| Quote: SmokeyTA "in answer to your question, the realities of administrations top that. Why would someone want to do that? Whilst creditors may lose out,the investor who buys the club, invests in it and puts it in to admin also loses out. Your hypothesis assumes there area queue of people wanting to lose a large amount of money buying. RL clubs and putting them into admin and the only thing stopping them is that the club may get a points penalty after they have left
Why is a 6 point deduction after I have left a punishment or deterrent to me doing that anyway?'"
Well, all I’ve gleaned from that reply is you’re against a point’s deduction for going into administration.
So I presume, as you haven’t come up with a solution, then a club can assemble a squad it can ill afford & go bust with no penalty.
Bradford borrowed a shed load of money from the RFL (on the quiet) they then didn’t pay back a penny piece, hence the lease situation. It should have been obvious to anyone with half a financial brain that a cost cutting exercise was required, not another cash injection.
Next up come’s OK Bulls, knowing full well they were going to receive much less in T.V revenues, once again instead of reducing costs they chose to borrow more.
I appreciate that any new owner is going to take a financial hit if the club goes under, but that’s the owner’s choice, creditors on the other hand expect financial remuneration for their services & not two bob in the pound.
However, the back-drop to all this is, other clubs are trying to compete in the same league, yet in your world that’s “tough titty” – no point penalising anyone.
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