Bradford Bulls directors to meet RFL chief next week to rubber stamp deal as Omar Khan threatens legal action

Bradford Bulls chairman Mark Moore

Bradford Bulls director Ian Watt

The Provident Stadium, Odsal

First published in Bradford
Last updated
Bradford Telegraph and Argus: Photograph of the Author by , Bradford Bulls Reporter

The new owners of Bradford Bulls will meet Rugby Football League bosses next week as they seek ratification of the club’s change of ownership.

The Super League outfit announced yesterday that it had entered administration for the second time in 19 months.

The club also revealed it had changed owners from OK Bulls Ltd, the company established by former owner Omar Khan, to a new company, Bradford Bulls 2014, which will now take over the running of the club pending RFL approval.

The move came after no deal could be agreed between Mr Khan and the board of directors, including Mark Moore, Ian Watt and Andrew Calvert, over a change of ownership despite mediation by the RFL.

But restaurant boss Mr Khan, who along with Bradford South MP Gerry Sutcliffe took over the Bulls in September 2012, last night told of his shock at the move to put OK Bulls Ltd into administration and said he was seeking legal advice.

Mr Khan stepped down from the helm of the club at the end of September, but continued to hold 99 of 100 shares in OK Bulls Limited with the remaining share held by Leeds-based business Safeguard Security Limited.

Mr Khan said: “I am shocked and surprised at today’s events regarding OK Bulls Ltd.

“I have referred this matter to my legal team. I understand that the club has been put into administration by Marc Green of SSG, whose involvement with the club occurred after I left the club.”

According to a document filed with Companies House on September 30 – four days after Mr Khan announced he had left the club – OK Bulls entered a deed of debenture with the firm, as part of a loan agreement.

The sum was in excess of £150,000 and the club’s assets were listed as security on the loan, which Marc Green, managing director of SSG, is understood to have called in, leading to David Wilson, of Leeds-based DFW Associates, being appointed administrator of the club’s former holding company.

Mr Wilson said: “Upon the sanction of the Rugby Football League, we will have concluded the sale of the club to Bradford Bulls 2014 Ltd. It had not proved possible to resolve the ownership of the company with the previous owner and, as a result, the company’s financial position had become untenable.”

All players, employees and assets will be transferred to the new company, which will continue to function as Bradford Bulls under new directors Mr Calvert, Mr Moore and Mr Watt, with chief executive Robbie Hunter-Paul.

The Bulls’ board of directors has stated its intentions to continue to work with creditors to avoid a possible points penalty.

A Bulls spokesman said: “Although a resolution wasn’t found after all avenues were exhausted, we feel the new company will give the club’s supporters much-needed clarity in terms of who is running, directing and owning their club.”

Blake Solly, the RFL’s director of licensing and standards, confirmed the change of ownership would not affect the central money allocated to the Bulls and that the club would again receive only half of the usual amount for the second successive year.

Explaining the club’s move into administration, Mr Solly said: “In essence, what the debenture holder has done, through the administration, is attempt to realise the monies owed to him that the debenture represented.

“He tries to realise as much as he can from the assets of the club during the administration to pay back to the debenture holder.

“The administrator comes in and sells the assets – goodwill and the liabilities of OK Bulls Ltd to Bradford Bulls 2014 Ltd.

“The transfer of both the Super League and RFL membership from OK Bulls to the new company is subject to RFL approval.

“The points deduction is more difficult because until we see the proposals from the directors, we won’t know if a points deduction is appropriate and how many points that might be.”

Comments (8)

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12:56pm Sat 1 Feb 14

Papa Smurfs Wig says...

Legal team, yer right, more like his brief and it seems it is going to hit the fan again with this character Khan not being happy.
Legal team, yer right, more like his brief and it seems it is going to hit the fan again with this character Khan not being happy. Papa Smurfs Wig
  • Score: 3

1:02pm Sat 1 Feb 14

BierleyBoy says...

So Khan hasn't followed through with his threat of legal action over the share sale. Now he's going to try and sue over the company being put into administration by a creditor with a charge on the assets? The man is a fool.

I find it hard to believe as holder of all the shares that he had no idea the loan was being set up which saw one of his shares sold.

Unless of course the one share that was sold belonged to someone else.

The documents covering the SSG deal appear to have been signed by Ryan Whitcut, Khan's right hand man.

Marc Green has clearly done a deal through the administrator to sell the assets. he has preferred creditor status so will have got all his money out.

I wonder if he is any relation to David Green, leader of Bradford Council. David Green has been asked this question more than once, but has declined to answer.

No accounts will be filed for OK Bulls Ltd, which is a pity. I think it would become clear that a lot of money was taken out of the business by certain parties.

Gerry Sutcliffe has claimed, and it was published in the T&A, that he put everything he had into the business. Strange that he was in and out of the board in less than 5 months. Same goes Swales, Joshi, Greenwood and Rias.

Bradford Labour party has a lot to answer for.
So Khan hasn't followed through with his threat of legal action over the share sale. Now he's going to try and sue over the company being put into administration by a creditor with a charge on the assets? The man is a fool. I find it hard to believe as holder of all the shares that he had no idea the loan was being set up which saw one of his shares sold. Unless of course the one share that was sold belonged to someone else. The documents covering the SSG deal appear to have been signed by Ryan Whitcut, Khan's right hand man. Marc Green has clearly done a deal through the administrator to sell the assets. he has preferred creditor status so will have got all his money out. I wonder if he is any relation to David Green, leader of Bradford Council. David Green has been asked this question more than once, but has declined to answer. No accounts will be filed for OK Bulls Ltd, which is a pity. I think it would become clear that a lot of money was taken out of the business by certain parties. Gerry Sutcliffe has claimed, and it was published in the T&A, that he put everything he had into the business. Strange that he was in and out of the board in less than 5 months. Same goes Swales, Joshi, Greenwood and Rias. Bradford Labour party has a lot to answer for. BierleyBoy
  • Score: 2

2:51pm Sat 1 Feb 14

tyker2 says...

another unholy mess al round. No inner all loser. Sorry for he season ticket holders and floating fans as they may well not be in the Super League next season or will start with very significant disadvantage.
another unholy mess al round. No inner all loser. Sorry for he season ticket holders and floating fans as they may well not be in the Super League next season or will start with very significant disadvantage. tyker2
  • Score: -1

11:29pm Sat 1 Feb 14

handoff says...

tyker2 wrote:
another unholy mess al round. No inner all loser. Sorry for he season ticket holders and floating fans as they may well not be in the Super League next season or will start with very significant disadvantage.
Moron.
[quote][p][bold]tyker2[/bold] wrote: another unholy mess al round. No inner all loser. Sorry for he season ticket holders and floating fans as they may well not be in the Super League next season or will start with very significant disadvantage.[/p][/quote]Moron. handoff
  • Score: 0

11:42pm Sat 1 Feb 14

handoff says...

The events over the last month has convinced me the guys I met at the fans' forum are very capable, hard-headed businessmen who know how to get what they want out of a deal. Someone capable looking after the business side and someone capable looking after the playing side is what I want over the next two years to rebuild the club on solid foundations. Evidence suggests we have them in place.

The Khan and Whitcut maladministration should seen for what it was, infection in a wound. Cleaning it out is messy but necessary.

Potential RFL sanctions will be looked at according to the approach taken by the new company to payment of debts. The new directors do not have much room for manoeuvre financially, but I hope they can mitigate the threat of points deduction, the signals coming out of the camp look promising. Let's just try and enjoy the rugby now!
The events over the last month has convinced me the guys I met at the fans' forum are very capable, hard-headed businessmen who know how to get what they want out of a deal. Someone capable looking after the business side and someone capable looking after the playing side is what I want over the next two years to rebuild the club on solid foundations. Evidence suggests we have them in place. The Khan and Whitcut maladministration should seen for what it was, infection in a wound. Cleaning it out is messy but necessary. Potential RFL sanctions will be looked at according to the approach taken by the new company to payment of debts. The new directors do not have much room for manoeuvre financially, but I hope they can mitigate the threat of points deduction, the signals coming out of the camp look promising. Let's just try and enjoy the rugby now! handoff
  • Score: 0

12:33pm Sun 2 Feb 14

Letshavealook says...

In the interest of transparency there should be information placed in the public domain as to how Bradford Council intends to recover the £200k loan made to Bradford Bulls whilst Omar Khan and Gerry Sutcliffe were in charge. Who took out the loan and who sanctioned it would be an appropriate place to start. Gerry Sutcliffe should clearly outline his involvement and possibly his liabilities. And the council leader should answer the question as to wether he is connected to the creditor Marc Green.
Perhaps there should be an independent investigation into the circumstances of the loan. Public officials who have acted to the highest levels of honestly and integrity should have nothing to fear!
In the interest of transparency there should be information placed in the public domain as to how Bradford Council intends to recover the £200k loan made to Bradford Bulls whilst Omar Khan and Gerry Sutcliffe were in charge. Who took out the loan and who sanctioned it would be an appropriate place to start. Gerry Sutcliffe should clearly outline his involvement and possibly his liabilities. And the council leader should answer the question as to wether he is connected to the creditor Marc Green. Perhaps there should be an independent investigation into the circumstances of the loan. Public officials who have acted to the highest levels of honestly and integrity should have nothing to fear! Letshavealook
  • Score: 5

8:07pm Sun 2 Feb 14

christinetowell456@btinternet.com says...

Bradford council will NOT recover any of the monies owed by the bulls it will be merely lost in the usual council clap trap as for integrity our council has never shown a lot of that where the bulls are concerned they always have thrown money at odsal with very little explanation
Bradford council will NOT recover any of the monies owed by the bulls it will be merely lost in the usual council clap trap as for integrity our council has never shown a lot of that where the bulls are concerned they always have thrown money at odsal with very little explanation christinetowell456@btinternet.com
  • Score: 2

11:30pm Sun 2 Feb 14

bradfordbronco says...

christinetowell456@b
tinternet.com
wrote:
Bradford council will NOT recover any of the monies owed by the bulls it will be merely lost in the usual council clap trap as for integrity our council has never shown a lot of that where the bulls are concerned they always have thrown money at odsal with very little explanation
Are you mystic meg? How do you know these things? Or are you just guessing and stating it as a truth?
[quote][p][bold]christinetowell456@b tinternet.com[/bold] wrote: Bradford council will NOT recover any of the monies owed by the bulls it will be merely lost in the usual council clap trap as for integrity our council has never shown a lot of that where the bulls are concerned they always have thrown money at odsal with very little explanation[/p][/quote]Are you mystic meg? How do you know these things? Or are you just guessing and stating it as a truth? bradfordbronco
  • Score: 0

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