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International Chairman | 14145 | No Team Selected |
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Dec 2001 | 23 years | |
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| Quote Derwent="Derwent"Obviously BBH will be liquidated, but what about the trading company (BBL) ? I had assumed that the Holding company was simply being used as a SPV to facilitate the sale of assets, leaving the liabilities in the trading company ?
You are saying that the employees are employed by the holding company rather than the trading company ? Why ? It kind of defeats the object of having a holding company to do that.'"
You really do not seem to have the first idea what you are talking about.
BBH WAS the trading company. BBL operates the lottery - only.
Go check out the accounts.
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International Chairman | 14145 | No Team Selected |
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Dec 2001 | 23 years | |
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| Quote Cassandra="Cassandra"It's on this board on July 2.'"
What is?
None of the players were made redundant.
The coaching staff and various other staff were made redundant. A number of less-expensive other staff were retained. How else could the club continue as a going concern?
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Rank | Posts | Team |
International Chairman | 14145 | No Team Selected |
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Dec 2001 | 23 years | |
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| Quote bullsonfire="bullsonfire"Could it be they've been told they're staying and as such they're no longer in the shop window?
Either way it was pathetic, the season ends with a whimper.'"
Could be they read the same reports as we have? That the RFL have seemingly not yet completed due dilligence on OK's bid, so could yet say they are not happy he has the finances in place for a SL operation.
Or could be they read that the RFL have seemingly said that there will be a mini-franchising round, the results of which will be known at some later date - i.e. it could be ages yet before we know if we have a SL licence for next year. When last Tuesday they probably thought Wood and Rimmer were coming up to tell them everything had been sorted?
Guess we'll have to see who is prepared to say what, and when? And then judge whether anything might or might not have had a bearing?
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Rank | Posts | Team |
Club Owner | 2874 | No Team Selected |
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Feb 2004 | 21 years | |
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Aug 2024 | Aug 2024 | LINK |
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| Quote Adeybull="Adeybull"You really do not seem to have the first idea what you are talking about.
BBH WAS the trading company. BBL operates the lottery - only.
Go check out the accounts.'"
It's true that I am not familiar with the corporate structure so I will have to accept what you're saying. It just seems a little bizarre to have a holding company as the trading company. In more than 20 years as an accountant I dont recall ever seeing that scenario. As I said, it tends to be at odds with the reasons for having holding companies in the first place. Hence my confusion. In the main, holding companies tend to exist to simply hold investments and not to trade, as I'm sure you're well aware.
Btw, I did say I was assuming so no need to be so sanctimonious from your obviously better informed position. Maybe just explain the actual position instead of being insulting ?
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Player Coach | 1894 | No Team Selected |
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Mar 2008 | 17 years | |
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Dec 2017 | Nov 2017 | LINK |
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| Bradford Bulls Holdings ltd is a nomenclature, it does not define the scope of its operations.
A look at its accounts will show that it both holds shares in other companies and trades in its own right.
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Rank | Posts | Team |
International Chairman | 14145 | No Team Selected |
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Dec 2001 | 23 years | |
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Aug 2020 | Oct 2019 | LINK |
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| Quote Derwent="Derwent"It's true that I am not familiar with the corporate structure so I will have to accept what you're saying. It just seems a little bizarre to have a holding company as the trading company. In more than 20 years as an accountant I dont recall ever seeing that scenario. As I said, it tends to be at odds with the reasons for having holding companies in the first place. Hence my confusion. In the main, holding companies tend to exist to simply hold investments and not to trade, as I'm sure you're well aware.
Btw, I did say I was assuming so no need to be so sanctimonious from your obviously better informed position. Maybe just explain the actual position instead of being insulting ?'"
You made the statement that a holding company is not allowed to employ staff. Rather surprised that in your 20 years as an accountant you believed that to be the case.
You stated that OK had bought BBH, when the public statements (including from the administrator) state clearly that it was the business that had been bought.
You didn't seem to appreciate that just because a company may have the word "holdings" in its name, it does not necessarily mean it is a pure holding company, even if I agree common sense would suggest it ought to be. I could reel off a list of trading companies with "holdings" in their name.
If I came across as insulting, that was not my intent. But equally, you came out with some statements as if fact which were anything but. Maybe judicious use of "my understanding is" or similar would have helped?
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Rank | Posts | Team |
International Board Member | 43413 | No Team Selected |
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Jan 2003 | 22 years | |
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Apr 2024 | Sep 2022 | LINK |
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| Quote Adeybull="Adeybull"
To the extent normal employment law applies, they will be TUPEd across to OK Bulls Ltd.'"
Only if they accept the TUPE
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International Chairman | 14145 | No Team Selected |
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Dec 2001 | 23 years | |
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| Quote Hutchie="Hutchie"Only if they accept the TUPE'"
There is that. I was looking at if from the employer's obligations POV.
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Club Owner | 2874 | No Team Selected |
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Feb 2004 | 21 years | |
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Aug 2024 | Aug 2024 | LINK |
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Quote Adeybull="Adeybull"
You stated that OK had bought BBH, when the public statements (including from the administrator) state clearly that it was the business that had been bought.
'"
The only report I have read on the matter is on the BBC website which states "[iBut administrator Brendan Guilfoyle said in a statement that he had sold Bradford Bulls Holdings Limited to OK Bulls Limited for an undisclosed sum[/i". Therefore I was misinformed by that report based on what you have subsequently stated. The BBC report is somewhat misleading and does not accurately reflect what has actually transpired, as I'm sure you'd agree.
www.bbc.co.uk/sport/0/rugby-league/19446070
I was not aware that Holdings was a trading company, as I had assumed it was simply a Holding company in the conventional sense especially given that there appears to be a group of companies including BBL, Bradford Northern (1964) Ltd and Bradford Bulls Foundation Ltd. You have advised me that my assumption was incorrect, I accept that.
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Quote Adeybull="Adeybull"
You stated that OK had bought BBH, when the public statements (including from the administrator) state clearly that it was the business that had been bought.
'"
The only report I have read on the matter is on the BBC website which states "[iBut administrator Brendan Guilfoyle said in a statement that he had sold Bradford Bulls Holdings Limited to OK Bulls Limited for an undisclosed sum[/i". Therefore I was misinformed by that report based on what you have subsequently stated. The BBC report is somewhat misleading and does not accurately reflect what has actually transpired, as I'm sure you'd agree.
www.bbc.co.uk/sport/0/rugby-league/19446070
I was not aware that Holdings was a trading company, as I had assumed it was simply a Holding company in the conventional sense especially given that there appears to be a group of companies including BBL, Bradford Northern (1964) Ltd and Bradford Bulls Foundation Ltd. You have advised me that my assumption was incorrect, I accept that.
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International Chairman | 5392 | No Team Selected |
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Dec 2001 | 23 years | |
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Jan 1970 | Jun 2022 | LINK |
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| Quote bigchris="bigchris"If the Wakefield players are as cocky as their fans right now then it might not all be over.'"
sorry for feeling a little elated especially as it now gives us an outside chance of reaching the play offs but you have hardly gone through the turmoil the Trinity has had to put up with last season
like you say it might not be all over 
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Rank | Posts | Team |
Club Coach | 9986 | No Team Selected |
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Mar 2005 | 20 years | |
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| Quote snowie="snowie"but you have hardly gone through the turmoil the Trinity has had to put up with last season
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Did you really just say that we have not been through turmoil?
Where have you been for the last six months?
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International Star | 91 | No Team Selected |
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Mar 2012 | 13 years | |
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Oct 2014 | Oct 2014 | LINK |
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| Spoke to a couple of the senior players and coaching staff after game. They are extremely positive about the future and us being in SL next season. They agreed that timing of announcement may not have helped, a game too far and all that. When the stress and worry stops the adrenaline stops a bit.
Needless to say they had no excuses though and were thoroughly pi$$ed off with the performance. However they were talking about finals rugby and see wakey slipping on a banana skin.
I also had the utter pleasure of chatting to Omar Khan. He was excited, positive and extremely open to ideas and comments. A very likeable fella.
Awful result but I've come home surprisingly happy.
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