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International Star | 1002 | Bradford Bulls |
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International Chairman | 28357 | Bradford Bulls |
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| Quote mat="mat"Thing that people tend to forget is that green has abig advantage over other bidders in that he is major creditor too. ...'"
How is he a major creditor?
I'm not saying he isn't, I don't know, but I am not aware of any specific loans he has made to the club so am curious why everyone seems to take this claim as a given, so I'm just asking on what it is based.
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Club Coach | 5880 | No Team Selected |
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Mar 2005 | 20 years | |
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| Quote Ferocious Aardvark="Ferocious Aardvark"How is he a major creditor?
I'm not saying he isn't, I don't know, but I am not aware of any specific loans he has made to the club so am curious why everyone seems to take this claim as a given, so I'm just asking on what it is based.'"
Ross seems to think Green has a debenture in place acting as security against monies he put in to the club.
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Club Coach | 9554 | Bradford Bulls |
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Jun 2005 | 20 years | |
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| Quote Ferocious Aardvark="Ferocious Aardvark"How is he a major creditor?
I'm not saying he isn't, I don't know, but I am not aware of any specific loans he has made to the club so am curious why everyone seems to take this claim as a given, so I'm just asking on what it is based.'"
seen it reported somewhere he's lodged a 650k debt as part of the admin. Dont think its one specific loan to club as opposed to general money he's put in over last three years to keep us going.
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International Star | 3546 | Bradford Bulls |
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Jan 2013 | 12 years | |
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| Quote Ferocious Aardvark="Ferocious Aardvark"How is he a major creditor? '"
Because the money he has "invested" into the club over the last 2 years was in the form of a loan, not a gift.
So in a way, both the people that said he'd put no money in, and those who said he must have put money in, are both kind of right. He has put money in, but he's trying to make sure he gets it back.
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| Anyone know if Gareth Roberts is in the running, he was in last time under the guise of Bradford(Park Avenue), he as the money, and before anyone says that BPA are struggling that's because he is running a tight ship due to treading water re promotion isn't possible because of ground issues, he has plans for Horsfall but covenants and the council are preventing any improvements, he is known to have stated he would give it to end of this calendar year if no movement with his dealings with the council he was going to consider other sites.
Two and Two making Five maybe, but I believe it's a no brainer to improve Odsal and rejoin the two clubs at the same site.
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Club Captain | 1444 | Bradford Bulls |
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Mar 2016 | 9 years | |
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| Quote HamsterChops="HamsterChops"Making the prediction now. Marc Green will get it back.'"
If so i will be done, i will go watch Batley every week.
Would the RFL really let him take it back on??? 
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International Star | 3546 | Bradford Bulls |
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| Also interesting note from Ross in his tweets that the club are just over £1 million in debt. That would be not far off the figure of adding Marc Green's debenture figure to the HMRC bill.
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Player Coach | 888 | No Team Selected |
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| The last thing that I want to happen is for a new owner to take over and then in their first interview they issue a rallying cry that if the fans want Super League then they need to back the club.
I think i'd wave the white flag if that happens as they would obviously be reliant on the fans to finance the club, as previously proven.
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Moderator | 8127 | Bradford Bulls |
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| It feels like anyone without wealth, which includes Marc Green, is merely a temporary custodian until Administration 4. And I wouldn't be around to start a thread on it that's for sure.
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International Chairman | 28357 | Bradford Bulls |
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Feb 2002 | 23 years | |
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| Quote Nothus="Nothus"Ross seems to think Green has a debenture in place acting as security against monies he put in to the club.'"
Yes I know there is a debenture, but was asking what money he has put in and when. I mean, it has seemed obvious for a long time that he or someone must have been putting money in or borrowing from somewhere, as it was difficult for me to see how else ends were being made to meet.
There is a difference between saying you'll advance money only on the security of a debenture (which is what IIRC he did with Whitcut); and taking out a debenture as security for money previously advanced or loaned unsecured. The point being, if he put in 650K or whatever in late July - where is it, and why did we go down? Why not use half of it to pay off HMRC and then argue later?
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Club Coach | 9554 | Bradford Bulls |
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Jun 2005 | 20 years | |
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| Quote Ferocious Aardvark="Ferocious Aardvark"Yes I know there is a debenture, but was asking what money he has put in and when. I mean, it has seemed obvious for a long time that he or someone must have been putting money in or borrowing from somewhere, as it was difficult for me to see how else ends were being made to meet.
There is a difference between saying you'll advance money only on the security of a debenture (which is what IIRC he did with Whitcut); and taking out a debenture as security for money previously advanced or loaned unsecured. The point being, if he put in 650K or whatever in late July - where is it, and why did we go down? Why not use half of it to pay off HMRC and then argue later?'"
I'd assume it was money put in over his entire 3yr tenure including last year when we made a loss over the season and during this season to fund new coach and players brought in during season. As no accounts have been filed for that period then its impossible to say at what point funds were put in.
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