If anybody on the 72 bus this morning was wondering why that weird looking man suddenly started laughing it was because he'd just read this:
The ruling also states that the Super League, which had voted on the basis it was owed more than £900,000, should be given no voting rights at all.
The Super League, via the Rugby Football League (RFL), had previously said the figure was money the club had received for playing in the Super League from television company Sky.
Yesterday, the RFL declined to comment on the decision.
The ruling also states that the Super League, which had voted on the basis it was owed more than £900,000, should be given no voting rights at all.
The Super League, via the Rugby Football League (RFL), had previously said the figure was money the club had received for playing in the Super League from television company Sky.
Yesterday, the RFL declined to comment on the decision.
So if the money was not from Sky for playing in super league, where is the Sky money!!
On the updated T&A article it states that Omar's legal fees will be added onto the administration costs and that the administrator is not personally liable. I hope this doesn't mean that Mr. Green will have to fund it?
The most amazing thing about this story is that FA has not posted anything about it. I was hoping for further and better particulars on why the RFL claim was allowed in the first place and why it has now been discounted. At the time I could understand the RFL/SL being able to claim any actual advances of Sky funding, but could not see how, if the bulls had delivered a team for a year that the Sky funding for that year could be clawed back. The teams wages had been paid, Sky had had their opportunity to televise our games, any clawback therefore over punitive.
Everyone's second-favourite thread is finally back!
On Thu May 08, 2014 5:39 pm Ferocious Aardvark wrote:
An interesting snippet I hear about the creditors meeting. Bear in mind that there would have been no meeting had OK not insisted. And so the RFL would not have claimed a penny as a creditor, since they were not mentioned in the original creditors list. Nor were they mentioned as a creditor in the administrator's report. Nor did they appear in the Statement of Affairs. However at the meeting they seemingly suddenly appeared as creditors claiming in excess of £900k. Had they forgotten?
As I informed the forum, Omar commenced court action in the High Court to set aside the dodgy creditor's meeting, which will now need to be re-held.
Fast Forward to March 2015: OK has now won his case, and been awarded his costs. The High Court ruling also states that the Super League, which had voted on the basis it was owed more than £900,000, should be given no voting rights at all.
Oops.
T&A 29 April 2014 wrote:
Beleaguered former Bradford Bulls boss Omar Khan is being pursued for the repayment of £905,000 the club received for playing in Super League. Super League (Europe) Ltd, via the Rugby Football League (RFL), has lodged a claim for the cash with the administrators of doomed company OK Bulls Ltd. The claim was revealed following a creditors’ meeting. Blake Solly, the RFL’s director of standards and licensing, said the figure was money from Sky for playing in the Super League. ... He added: “£905,000 was received by the club before it was sold to Marc Green. “They (OK Bulls Ltd) are entitled to contest the claim, but we have to let the administrator know what we think is owed to us.” Mr Solly said the money was received by the club between August 2012 and February 28 this year. “The figure is the figure,” said Mr Solly
But apparently, it isn't, Mr. Solly. "Yesterday, the RFL declined to comment on the decision." That doesn't surprise me any more, they have a huge brass neck, lot of carpet and a very big brush.
Omar wrote:
"I shall now seek to have an independent liquidator appointed, at my cost, to establish the true facts of what occurred around the administration as I have been accused of wrongdoing and I want to clear my name."
The liquidation of OK Bulls Ltd has been on hold pending the court's decision.
Well, so far as I'm concerned, some very strange things seem to have occurred, and I await with great interest the findings of the independent liquidator. I'm sure I can hear some bums squeaking.
The mystery of how or why the late claim was admitted is as intriguing as how come, if owed £1m, the RFL had until the last moment not bothered to claim for it.
But anyway the result is that Omar is the main creditor, that he therefore gets to appoint the liquidator of OK Bulls, and I expect is likely to appoint someone who will be keen to find where the bodies are buried.
Oh, and another thing: we had a whole lot of abuse aimed at Omar disputing what he'd put in to the club. The High Court has now confirmed that his pocket was out to the tune of £978,920. Whatever you think he did well or badly, he indisputably lost a million quid in trying to keep our club afloat. As I have said many times before, I for one will always be grateful for that.
