bradfordlegend wrote:
I'm wondering after reading the earlier press release,could it be argued that the taking of the sky money was a key factor in us going into administration. Therefore if the independent body is trying to ascertain if the admin could have been avoided, that one decision may yet become crucial in the appeal process. Perhaps this may explain why the administrator set the wheels in motion for the appeal.
It would be nice to think so.
But creditors are £1.2 million (£1.8 million if OK is to be believed.)
So £600k withheld (sorry by the time of Greens takeover more like 18 months worth or £900k)would not have made much difference to solvency if OK"s money had run out and Moore & Co were cutting up scrap to find a bit more whilst Whitcu*t sought out loan sharks at 8 per cent per month for a six week term until another loan shark could be found.
Come on.
It was bust last summer.
The temporary lot did (so we are told)at least make 4 or 500k in cuts to try salvage a future.
Fa ....whatever he stupidity of the decision to withhold from the Bulls £1.2 m over 2 years where no other sentence has been meted out it is done.
The fact that the RFL have never properly explained the illogic behind it frustrates.
It Has been suggested Ok suggested it.
I would go one further perhaps even Sutcliffe suggested it.
That maybe it was given to the Creditors.
Following which the clubs decided to keep and distribute it amongst themselves.
The appeal may throw up an answer.
The clawback of 2 points may be achieved.
It has been pointed out Green was a £250k creditor.Not sure that him buying "the club" from the administrater equates to him paying himself for his debt.
It really is as bizzare as you could get.
An owner by default who along with his commercial director have probably never even heard of rugby league before.
Cannot seriously see them being hooked for the long term but it will hopefully see us through to September.
The last three years would make some book.
350 odd pages here make it a book in itself.
