Wooden Stand wrote:
How utterly arrogant of the Bradford Bulls directors:
a) "we're not going to pay a penny" (to the major creditor) and
b) we're not going to sell ANY of our first team squad.
For a club that's just gone into Administration (again), I can't think of a more clear cut case for a 6 point deduction.
Don't know what you are saying my friend> The administration or the calling in of the insolvency practitioner, as I dont know which. Was reported by a RFL spokesperson that this was the only course of action to resolve the impasse, in this situation that the proposed new owners found themselves faced with. For example how could the new incumbents pat any wages or sign any cheques to suppliers if they weren't the owners or appointed directors by the owner or major shareholders in the business ?
Personally I don't know where you had the information that they (new owners) were not paying anything for the club, which would be what that statement ,you rely on, would imply.
I think the Newco, have had to purchase the club for possibly an undisclosed sum to the administrator, which in turn would be added to the administrators overall financial pot, to pay off all the debts left by the previous owner.
What is left for secured or unsecured creditors is not known by anyone except the practitioner and the defunct company of OK Bulls Ltd.
Bradford Bulls 2014 Ltd was set up last year as a non trading company at that time, so no problem there.
As for not selling Players, well again what are you saying?
If a club has managed to fund the wages of it's only real asset, ie Playing Staff, just what has that got to do with you, it is up to them how it pans out. So suggest you butt out on that one! They have said that arrangements are in force to deal with all the creditors, so what more do you wish for?
As for the points deduction. that's all you want is it not. you dont know why, you just do, bit childish really aren't you?
