Re: OK Bulls - Bye Bye : Sat Nov 30, 2013 8:30 am  

Could the new companies not simply be an investment vehicle for the new owners to put their cash into the bulls?

One thing I am really struggling to understand here is why the bulls should give any money back to OK full stop. If I buy all the shares in a local business and that businesses share price drops then the loss is on my hands. If I put money into that company that would be an investment to turn the company around as the sole shareholder not a loan. If it failed and I decided to cut my losses and sell the company I would get market value for it and wouldn't later come back and day oh by the way see that £900k I put in to try put the company right can I have it back please.

[Bulliac]

Re: OK Bulls - Bye Bye : Sat Nov 30, 2013 10:14 am  

I suppose the loan could have been converted into shares, but that would have undoubtedly meant Omar was still the biggest shareholder - the position he wanted to leave. To the best of my knowledge the money was left as a loan and loans - unlike shares- come with an obligation to repay.

Re: OK Bulls - Bye Bye : Sat Nov 30, 2013 11:11 am  

I reckon not, I don't really understand where Omar has managed to pull £900k from in the first place his businesses don't strike me as the type of companies which turn over enough to fund this. I don't buy the mortgaging of properties either as no businessman in their right mind would borrow against personal assets to fund a club he knew (which he must have at the point he went in the t&a) he would be pulling out of. Especially when you consider the risk implications of property vs a sports club.

Re: OK Bulls - Bye Bye : Sat Nov 30, 2013 1:01 pm  

http://www.thetelegraphandargus.co.uk/s ... on_claims/ Bradford Bulls deny administration claims

http://www.thetelegraphandargus.co.uk/s ... on_claims/ Bradford Bulls deny administration claims

Re: OK Bulls - Bye Bye : Sat Nov 30, 2013 2:41 pm  

josefw wrote:

http://www.thetelegraphandargus.co.uk/sport/sportbulls/10846218.Bradford_Bulls_deny_administration_claims/
Bradford Bulls deny administration claims

Well that's obviously a lie. I don't see how the Bulls BOD can claim to know more about what's going on at the club than those fans from other clubs who post on here about how bad it is at Bradford

[Bulliac]

Re: OK Bulls - Bye Bye : Sun Dec 01, 2013 11:19 am  

roofaldo2 wrote:

Well that's obviously a lie. I don't see how the Bulls BOD can claim to know more about what's going on at the club than those fans from other clubs who post on here about how bad it is at Bradford

Re: OK Bulls - Bye Bye : Sun Dec 01, 2013 12:59 pm  

Maybe, just maybe the new owners have found a right pile of poo and are looking to take things forward properly and run the new company professionally - At last!

Like I said some short term pain for long term gain, the Bulls haven't been run properly for years it's to be applauded and welcomed.

Re: OK Bulls - Bye Bye : Sun Dec 01, 2013 1:27 pm  

Frank Whitcombe wrote: Maybe, just maybe the new owners have found a right pile of poo and are looking to take things forward properly and run the new company professionally - At last! Like I said some short term pain for long term gain, the Bulls haven't been run properly for years it's to be applauded and welcomed. Dino poo if you will http://www.youtube.com/watch?v=O01E7xr5OuE

Frank Whitcombe wrote: Maybe, just maybe the new owners have found a right pile of poo and are looking to take things forward properly and run the new company professionally - At last! Like I said some short term pain for long term gain, the Bulls haven't been run properly for years it's to be applauded and welcomed. Dino poo if you will http://www.youtube.com/watch?v=O01E7xr5OuE

Re: OK Bulls - Bye Bye : Sun Dec 01, 2013 2:54 pm  

Charging Bull wrote:

I reckon not, I don't really understand where Omar has managed to pull £900k from in the first place his businesses don't strike me as the type of companies which turn over enough to fund this. I don't buy the mortgaging of properties either as no businessman in their right mind would borrow against personal assets to fund a club he knew (which he must have at the point he went in the t&a) he would be pulling out of. Especially when you consider the risk implications of property vs a sports club.

Well, that's settled then. He couldn't possibly have raised it, if you don't "buy" it, so that means the 900K didn't materialize, we were unable to pay any wages bill or taxes since then, we presumably went bust and wound the place up. The rest of us missed all this, but I'm sure you're right, so well done you for spotting it.

How long do you think they can keep this pretence up, of still existing? Personally I hope nobody else finds out at least until the end of next season.

Re: OK Bulls - Bye Bye : Sun Dec 01, 2013 3:10 pm  

If we had cash so freely available where are the replacement for Bateman & L'Estrange?

Do you honestly think OK had £900k that he could sink into the bulls?