Re: Ownership and twists : Mon Apr 28, 2014 12:28 pm  

My thought process behind not going was that I needed to clean under my finger nails, which I then didn't do.

[Bulliac]

Re: Ownership and twists : Mon Apr 28, 2014 12:36 pm  

broadybull87 wrote:

If yesterday turns out to be the light that ignites the candle and we do pull off a great escape he may have a point and those who stayed away on purpose will be cursing their decision and then he can come out and say "all those who doubted us, blah blah blah".

It is an inescapable fact that those who choose to stay away due to poor form always miss the best match of the lot -that first victory which inevitably turns it all around.

Just hoping we have turned it round, of course, and it's not just another, soon to be forgotten, blip on our wayward trajectory to the end of the season..

Re: Ownership and twists : Tue Apr 29, 2014 7:15 am  

Ferocious Aardvark wrote:

SLE is a legal entity.

There is no rule that allows (or disallows) any such appeal. But if you say the a right of "appeal" by someone (the new owners) who have never actually had a ruling made against them, then please refer me to that rule. If you can, I will of course gladly accept its existence.

I believe the reason probably is because nobody foresaw the convoluted situation we are now in. But if you say there is a right of "appeal" by someone (the new owners) who have never actually had a ruling made against them, then please refer me to that rule. If you can, I will of course gladly accept its existence.

RFL Operational Rules: Definitions k (Club) al (Member) ar (Person subject to the Operational Rules
A1 Membership and Membership Obligations
D1 Offences Penalties and Enquiries D1.11 onwards and in particular
D1:25 The Operational Rules Tribunal and Operational Rules Appeals Tribunal shall have the power to order any Person subject to the Operational Rules to pay compensation and/or shall have power to reprimand, fine and/or suspend or expel from participation in the Game any Person Subject to the Operational Rules or any Representative or his/her Deputy or Member if found guilty of misconduct or aiding or abetting another so to do. In addition in the case of Misconduct which impinges on the integrity of the competition the Operational Rules Tribunal shall have the right to deduct competition points. The Operational Rules Tribunal and Operational Rules Appeals Tribunal shall be free to disregard any scales of mandatory fines published by the Board as guidance. Suspensions imposed by the Operational Rules Tribunal and Operational Rules Appeals Tribunal shall take effect from midnight on the day of the hearing unless the Operational Rules Tribunal or Operational Rules Appeals Tribunal orders to the contrary.

and finally, bye-laws 4.

Re: Ownership and twists : Tue Apr 29, 2014 7:52 am  

latest nonsence Has anybody read this article today? Do you understand wtf is going on with these claims and if so could you explain more clearly the implications than the t&a have managed? If my reading is correct; Omar has agreed to pay back the council debt of 200k. The RFL want Omar to pay back every penny the club received from sky/central funding from August 2012 to February 28 2014, a figure of £905k. (the majority of which is presumeably the normal (albeit halved) sky tv money. Omar only disagrees on the amount, not that he's personally liable. Omar has a claim aginast something/somebody/himself?? for £998k The current club under Marc Green owe nothing and have no liabilities. I have literally no idea what to make of it.

latest nonsence Has anybody read this article today? Do you understand wtf is going on with these claims and if so could you explain more clearly the implications than the t&a have managed? If my reading is correct; Omar has agreed to pay back the council debt of 200k. The RFL want Omar to pay back every penny the club received from sky/central funding from August 2012 to February 28 2014, a figure of £905k. (the majority of which is presumeably the normal (albeit halved) sky tv money. Omar only disagrees on the amount, not that he's personally liable. Omar has a claim aginast something/somebody/himself?? for £998k The current club under Marc Green owe nothing and have no liabilities. I have literally no idea what to make of it.

Re: Ownership and twists : Tue Apr 29, 2014 7:57 am  

Why is OK personally liable for repayment of Sky money? I don't get that.

Re: Ownership and twists : Tue Apr 29, 2014 8:16 am  

Duckman wrote: latest nonsence Has anybody read this article today? Do you understand wtf is going on with these claims and if so could you explain more clearly the implications than the t&a have managed? If my reading is correct; Omar has agreed to pay back the council debt of 200k. The RFL want Omar to pay back every penny the club received from sky/central funding from August 2012 to February 28 2014, a figure of £905k. (the majority of which is presumeably the normal (albeit halved) sky tv money. Omar only disagrees on the amount, not that he's personally liable. Omar has a claim aginast something/somebody/himself?? for £998k The current club under Marc Green owe nothing and have no liabilities. I have literally no idea what to make of it. The administrator thinks that OK Bulls went bust owing Omar about £400k. Omar thinks that he's actually owed £1.3m? the £400k + the £900k that the article is going on about. But the carcass of ok bulls was bought by mark green for £200k, which paid the administrator then himself. Leaving £0 for the other creditors, including Omar. The £900k Omar got from the RFL central funds will have gone straight to wages for players. So I also am unclear on why the RFL want it back, as it hasn't been lost to the game or anything. The RFL were always very keen to stress that over the last 2years their main concern was paying the players & competition integrity. Omar paid the players & built up big debts as well. Of course, if the RFL got any of this money, they would immediately use it to pay off the creditors who lost out again when the RFL rubber stamped Omar as the correct man to take the club forwards last year.....

Duckman wrote: latest nonsence Has anybody read this article today? Do you understand wtf is going on with these claims and if so could you explain more clearly the implications than the t&a have managed? If my reading is correct; Omar has agreed to pay back the council debt of 200k. The RFL want Omar to pay back every penny the club received from sky/central funding from August 2012 to February 28 2014, a figure of £905k. (the majority of which is presumeably the normal (albeit halved) sky tv money. Omar only disagrees on the amount, not that he's personally liable. Omar has a claim aginast something/somebody/himself?? for £998k The current club under Marc Green owe nothing and have no liabilities. I have literally no idea what to make of it. The administrator thinks that OK Bulls went bust owing Omar about £400k. Omar thinks that he's actually owed £1.3m? the £400k + the £900k that the article is going on about. But the carcass of ok bulls was bought by mark green for £200k, which paid the administrator then himself. Leaving £0 for the other creditors, including Omar. The £900k Omar got from the RFL central funds will have gone straight to wages for players. So I also am unclear on why the RFL want it back, as it hasn't been lost to the game or anything. The RFL were always very keen to stress that over the last 2years their main concern was paying the players & competition integrity. Omar paid the players & built up big debts as well. Of course, if the RFL got any of this money, they would immediately use it to pay off the creditors who lost out again when the RFL rubber stamped Omar as the correct man to take the club forwards last year.....

Re: Ownership and twists : Tue Apr 29, 2014 8:57 am  

Let me get this right…

OK agreed/was forced to give up a years sky money split over 2 seasons
OK agreed/forced to sign a deal where if the Bulls were insolvent in 2013/14 season he would repay all central funding received

So Bulls actually look like losing 1.5 years funding approx.?? WTF RFL/OK?
Surely if the Bulls were insolvent (as occurred) there wasn’t enough money, not a surplus to pay the RFL back……

Am I reading this right?

Re: Ownership and twists : Tue Apr 29, 2014 9:02 am  

Duckman wrote: latest nonsence Has anybody read this article today? Do you understand wtf is going on with these claims and if so could you explain more clearly the implications than the t&a have managed? If my reading is correct; Omar has agreed to pay back the council debt of 200k. The RFL want Omar to pay back every penny the club received from sky/central funding from August 2012 to February 28 2014, a figure of £905k. (the majority of which is presumeably the normal (albeit halved) sky tv money. Omar only disagrees on the amount, not that he's personally liable. Omar has a claim aginast something/somebody/himself?? for £998k The current club under Marc Green owe nothing and have no liabilities. I have literally no idea what to make of it. Based on the administrator's report OK personally guaranteed: 1) The loan of £200k from the council 2) He also guaranteed to repay the Sky Money we did get in the event of us going tits up again. I can understand the first one, less so the second but who knows what went on behind closed doors at the time of the first administration.

Duckman wrote: latest nonsence Has anybody read this article today? Do you understand wtf is going on with these claims and if so could you explain more clearly the implications than the t&a have managed? If my reading is correct; Omar has agreed to pay back the council debt of 200k. The RFL want Omar to pay back every penny the club received from sky/central funding from August 2012 to February 28 2014, a figure of £905k. (the majority of which is presumeably the normal (albeit halved) sky tv money. Omar only disagrees on the amount, not that he's personally liable. Omar has a claim aginast something/somebody/himself?? for £998k The current club under Marc Green owe nothing and have no liabilities. I have literally no idea what to make of it. Based on the administrator's report OK personally guaranteed: 1) The loan of £200k from the council 2) He also guaranteed to repay the Sky Money we did get in the event of us going tits up again. I can understand the first one, less so the second but who knows what went on behind closed doors at the time of the first administration.

Re: Ownership and twists : Tue Apr 29, 2014 9:08 am  

Bullpower2012 wrote:

Let me get this right…

OK agreed/was forced to give up a years sky money split over 2 seasons
OK agreed/forced to sign a deal where if the Bulls were insolvent in 2013/14 season he would repay all central funding received

So Bulls actually look like losing 1.5 years funding approx.?? WTF RFL/OK?
Surely if the Bulls were insolvent (as occurred) there wasn’t enough money, not a surplus to pay the RFL back……

Am I reading this right?

It would appear that OK - as the owner - personally guaranteed to repay the Sky Money we did get if we went bust against - as distinct from the Bulls having to repay it. Even if he had had a few £m spare I would never have signed a deal like that - still act in haste - repent at leisure.

Re: Ownership and twists : Tue Apr 29, 2014 9:09 am  

Well, it all sounds like force majeure to me...




"Force majeure is generally intended to include risks beyond the reasonable control of a party, incurred not as a product or result of the negligence or malfeasance of a party, which have a materially adverse effect on the ability of such party to perform its obligations"


OK's financial and negotiating skills were clearly risks beyond resonable control of any other party linked to Bulls since.