Re: £100,000 Bulls Lottery Money : Wed Oct 30, 2019 8:04 am  

Blotto wrote:

When I inquired a few months after Greens demise seeing the Big 1 was back in action, I did ask what happened to the money I was told it had been ring fenced and that it was separate to the Bulls accounts!

I just thought that it would eventually go to where it should so it was a surprise to that it was still languishing, perhaps it should be released to the Academy funds or the Bulls Foundation

Though Mick did say on twitter that it included Bulls TV monies as well and that there were some outstanding payments to Agents also in the mix.
So apart from the Agents who should get paid the rest should go to where it was intended. It's monies most will have written off and will know it will be going to the cause intended!

All seems a bit dodgy but I would imagine that money should have gone to the old companies creditors? Makes you wonder if the last owners and the current owners know about it and if any attempts to access it have been made.

Re: £100,000 Bulls Lottery Money : Wed Oct 30, 2019 9:56 am  

The lottery and the club have separate legal identities iirc.
15+ yrs ago, the Bulls lottery was a massive organisation.
In order : 1 it belongs to the current lottery And should be incorporated into the prize fund
2 Bullbuilder would have the closest moral claim on it.
3 The club may have a claim on it, but it depends on the rules/regulations around the bulls lottery and lotteries in general

Re: £100,000 Bulls Lottery Money : Wed Oct 30, 2019 10:01 am  

I think one of the current RL journos used to work for the bulls lottery in the distant past? Bower? Shaw? I can’t remember which one, but they might have more of an insight

Re: £100,000 Bulls Lottery Money : Wed Oct 30, 2019 1:40 pm  

Betsy Bulls wrote:

I suppose it’s a sign of how we were run at the time, but why would the Bulls TV income have gone into this account in the first place? Surely this was just general trading income and should have gone into the Bulls main account

There are three separate accounts that have been frozen by Gary Pettit which account to around £107,000.

I'm currently liaising with Gary to see what ideas he would be open to regarding this money as a family member of mine still had Bulls TV and Lottery money taken from their account into two of these three accounts after Marc Green had put the Bulls into administration for the second time.

In the last six months people have tried to gain access to these frozen bank accounts but have failed the ID protocols with Gary and the bank.

Re: £100,000 Bulls Lottery Money : Wed Oct 30, 2019 4:47 pm  

MicktheGled wrote:

There are three separate accounts that have been frozen by Gary Pettit which account to around £107,000.

I'm currently liaising with Gary to see what ideas he would be open to regarding this money as a family member of mine still had Bulls TV and Lottery money taken from their account into two of these three accounts after Marc Green had put the Bulls into administration for the second time.

In the last six months people have tried to gain access to these frozen bank accounts but have failed the ID protocols with Gary and the bank.

So in summary and hypothetically speaking;

The three bank accounts were frozen by Gary Petit BUT "someone" failed to cancel the direct debits/standing orders for ?? months.
SO the accounts continued to accrue funds for Bulls TV etc. but for a liquidated company IE people were having money taken for a non existent company.

2 years later, the existence of the accounts and the money surfaces and is put in the public domain, by pure coincidence its upon the arrival of Nigel Wood.

Finally, and again hypothetically speaking, Nigel Wood thinks the money now belongs to him.

But in actual fact it doesn't. Hmmmm

Wonder how this will end

Re: £100,000 Bulls Lottery Money : Wed Oct 30, 2019 6:43 pm  

Errol Stock wrote:

So in summary and hypothetically speaking;

The three bank accounts were frozen by Gary Petit BUT "someone" failed to cancel the direct debits/standing orders for ?? months.
SO the accounts continued to accrue funds for Bulls TV etc. but for a liquidated company IE people were having money taken for a non existent company.

2 years later, the existence of the accounts and the money surfaces and is put in the public domain, by pure coincidence its upon the arrival of Nigel Wood.

Finally, and again hypothetically speaking, Nigel Wood thinks the money now belongs to him.

But in actual fact it doesn't. Hmmmm

Wonder how this will end

And what were their intentions for the money if they got their hands on it............bearing in mind not many people would have known about it by the sounds of it.