Re: Ownership and twists : Wed Apr 09, 2014 9:40 pm  

gutterfax wrote:

lol.......without the RFL you'd have gone bust years ago! Short memories some folk on here!

Who are you, what do you think of Ryan Whitcut and is this piece of cloth too big?

Re: Ownership and twists : Wed Apr 09, 2014 9:54 pm  

vbfg wrote:

Who are you, what do you think of Ryan Whitcut and is this piece of cloth too big?

Gutterfax.
He's a failed publican and as dodgy as hell.
WTF?

Re: Ownership and twists : Wed Apr 09, 2014 10:03 pm  

Noble & Honest wrote:

Fair point.
The saga is drawing to a close.three hundred and fifty odd pages of complicated twists and turns.
Lets hope were on the right road now

Are you Jay Willey

Re: Ownership and twists : Wed Apr 09, 2014 10:05 pm  

roger daly wrote:

Are you Jay Willey

That hurts.Ouch.

Re: Ownership and twists : Wed Apr 09, 2014 10:09 pm  

Bully_Boxer wrote:

This 'Texan Oil Magnate' has had ample opportunity to purchase the club if he was so keen to be involved. In fact I expect Mr Green even now would be more than willing to listen to an offer that would no doubt be small change to a billionaire. All talk, I suspect.

Did I dream it or did the BPA crew come out with the same crock about the Texan billionaire after OK out bid them the 1st time? I'm sure I've heard this tale before. Would be interested to know if anybody else remembers?

Re: Ownership and twists : Wed Apr 09, 2014 10:15 pm  

Sensei-Bull wrote:

Did I dream it or did the BPA crew come out with the same crock about the Texan billionaire after OK out bid them the 1st time? I'm sure I've heard this tale before. Would be interested to know if anybody else remembers?

Not sure if his name was released in summer of 2012.
He does exist though.
He threw a considerable sum Avenues way in sponsorship last year and this.
Considerable by their standard.
But these were serious numbers needed here.He allowed a bid to be made so .....who knows.
Marc was in the driving seat though and this way the RFL have a man in they trust.
Who was part of a successful Northern era

Re: Ownership and twists : Wed Apr 09, 2014 10:29 pm  

I don't know whether to laugh or cry at this ludicrous suggestion that Green has done what he has to "get his money back".

I will accept that had the old company gone into liquidation then he would have done his cash.

However we have this failed company, who various posts above claim no-one would have bought if they had done due diligence as it's a basket case, and lost, what, £2m? £3m? within 12 months - but by some magical undislcose means, Green will not only instantly stop a penny more being lost, but will also make that much profit, that he will be able to take out of the business £1/4m or whatever it was.

I am sure they must be right, it's just that I am struggling to see just out of whose pockets this multi-million pound sudden reversal of fortunes from basket case to highly profitable company with cash to burn is coming from.

Speaking personally, had I lost £200k on lending it to a company that went bust, if it was a pro sports club the very last thing I would do is buy it. I would keep in my pocket the purchase price + the RFL advance repayments + the "old debt" repayments and instead sink an equivalent amount of money into some sort of business which might actually be profitable. Not professional rugby league, which is, simply, not a way to make a fast buck.

Would I stump up - at the very least - substantially MORE money than I had lent, to get the loan money back? Where's the feckin sense in that?

And of course while the report states he put the club into administration to save it from being wound up by HMRC, that would be one thing, but why - given that there were a number of other buyers who would have taken the poisoned chalice - why would he decide to put in the winning bid? Whatever his motivations, making a quick killing doesn't seem to me very likely at all to be one of them.

Re: Ownership and twists : Wed Apr 09, 2014 10:55 pm  

Ferocious Aardvark wrote:

I don't know whether to laugh or cry at this ludicrous suggestion that Green has done what he has to "get his money back".

I will accept that had the old company gone into liquidation then he would have done his cash.

However we have this failed company, who various posts above claim no-one would have bought if they had done due diligence as it's a basket case, and lost, what, £2m? £3m? within 12 months - but by some magical undislcose means, Green will not only instantly stop a penny more being lost, but will also make that much profit, that he will be able to take out of the business £1/4m or whatever it was.

I am sure they must be right, it's just that I am struggling to see just out of whose pockets this multi-million pound sudden reversal of fortunes from basket case to highly profitable company with cash to burn is coming from.

Speaking personally, had I lost £200k on lending it to a company that went bust, if it was a pro sports club the very last thing I would do is buy it. I would keep in my pocket the purchase price + the RFL advance repayments + the "old debt" repayments and instead sink an equivalent amount of money into some sort of business which might actually be profitable. Not professional rugby league, which is, simply, not a way to make a fast buck.

Would I stump up - at the very least - substantially MORE money than I had lent, to get the loan money back? Where's the feckin sense in that?

And of course while the report states he put the club into administration to save it from being wound up by HMRC, that would be one thing, but why - given that there were a number of other buyers who would have taken the poisoned chalice - why would he decide to put in the winning bid? Whatever his motivations, making a quick killing doesn't seem to me very likely at all to be one of them.

Agree with you.But it gives him a chance to get his money back.
How I have no idea.
But the Bulls will be a better proposition to sell (if avoid drop)from Sept.
Is it potentially £1.7 or £1.8 from Sky/Central funding next year?
As opposed to £650k this season.
Three big earners have already gone.
Only 5 boxes for sponsors sold out of 17.
A gamble no doubt.
But about 20 per cent of payday loan market go bad.
So I guess hes used to a gamble.
6 months losses to fund.
And we are told that Calvert & Co had already made inroads into reducing them.
Personally I hope Calvert turns up as Finance Director.
From all I have read he comes over as seeing what was needed to some extent in very murky waters.Guess you met him

Re: Ownership and twists : Wed Apr 09, 2014 10:55 pm  

Does the info from the administrators report pretty much extinguish our hopes of appealing against the points deduction?
Or is this report simply covering why OKB ended up in administration in the first place?

Re: Ownership and twists : Wed Apr 09, 2014 11:00 pm  

Nothus wrote:

Does the info from the administrators report pretty much extinguish our hopes of appealing against the points deduction?
Or is this report simply covering why OKB ended up in administration in the first place?

There is no word from the new owner on any deal to try pay any creditors.
Would not hold out hope