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FORUMS > Wakefield Trinity > ALL CHANGE AT THE "ICONIC" BULLS...NOT !!
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Quote: Bull Mania "Posted this on the VT as well.

Bradford did try to cut their cloth . A lot of wage cuts from top to bottom, redundencies, reduced hours. We lost around 4 of our best players and few others. Yes Carvell has come in and will be a top earner. But he was signed middle of last year and was told he could leave a long with the rest of the squad. I can't the ones weve brought in been on as much money as the ones who left. We will defintely be spending less than last year! Bradford didn't deliberately go into admin, like I've said previously the new owners said right from the off before Xmas that they needed to cut £400k. They said players could leave if they chose.

Unfortunately thy haven't been able to reach an agreement to purchase the club and the security firm which has 1 of 100 shares in the club called in the admin blokes to get the deal

I still think we Deseve a points deduction but I dont believe we deliberately chose to go into admin to wipe off Debts.'"

So did you accidentally go into admin?

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Quote: JINJER "]
So did you accidentally go into admin?'"


Nope the security firm who own 1 of 100 shares put us into admin to get a sale done. Not saying we dont deserve a points deduction but just in response to some who say we've done it deliberately and should be relegated with immediate effect. No rules anywhere that is going to happen so unfortunately the one or two frothing at the mouth are going to be disappointed.

Like I say we deserved a points deduction.

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Quote: Bull Mania "Nope the security firm who own 1 of 100 shares put us into admin to get a sale done. Not saying we dont deserve a points deduction but just in response to some who say we've done it deliberately and should be relegated with immediate effect. No rules anywhere that is going to happen so unfortunately the one or two frothing at the mouth are going to be disappointed.

Like I say we deserved a points deduction.'"


The relegation was the penalty we were going to get if we went into admin, so that's where that comes from , as many on here have said , not a level playing field

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Quote: Bull Mania "Nope the security firm who own 1 of 100 shares put us into admin to get a sale done. Not saying we dont deserve a points deduction but just in response to some who say we've done it deliberately and should be relegated with immediate effect. No rules anywhere that is going to happen so unfortunately the one or two frothing at the mouth are going to be disappointed.

Like I say we deserved a points deduction.'"


The security firm presumably took the action as the bulls were unable to service the debt? Let's not also forget the HMRC winding up order both clear indicators that the bulls were still living beyond their means and hence admin or releasing some players to free up cash being the obvious options

Also, I can't see how someone who owns 1 of 100 shares can put you in admin. Their pursuit of payment could lead to the directors deciding to go the admin route though

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Think the reason why a few people are frothing at the mouth probably goes back to the last time our clubs were in admin.
We went into admin before the season started and had our squad decimated.
The Bulls went into admin about 3 or 4 months into the season and turned down a six figure sum from Warrington for Bateman.
I think I read somewhere that our debt was £250,000, whilst the administrator who was in charge of dealings for the Bulls, ran up a fee for overseeing matters of about £170,000.
This where people see the injustice of one rule for one and one rule for another.
Maybe they can see it happening again.

178 posts in 13 pages 
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing
178 posts in 13 pages 
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Subscribe | Moderators: Admin, PopTart , kinleycat , Wildthing



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