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Bradford Bulls general manager Ryan Whitcut: We're in a good financial position
Bulls general manager Ryan Whitcut today insisted the club was in a “good financial position” following speculation it was subject to a Winding Up Order from Her Majesty's Revenue and Customs (HMRC).
OK Bulls Limited was on a Companies Court Winding Up List earlier this week but the club said it related to a previous tax bill which had since been paid.
Whitcut said: “Further to the speculation surrounding the issue of a winding up order issued by HMRC, I can confirm that this was the case due to an oversight by myself.
“As soon as the club became aware of this debt, it was paid along with all costs due and, as it was dealt with at the time, it came as a complete surprise to see that the petition was left on file.
“The RFL was informed of the situation by myself and had correspondence with HMRC to confirm that the matter was resolved.
“To explain further, when a winding up petition is issued, companies have 14 days to pay the debt in full. If they fail to do this the petition must be advertised in the London Gazette a minimum of seven days prior to the hearing.
“In our case, as we had paid the debt in full no advertisement was placed and the hearing yesterday was simply a withdrawal hearing.”
An e-mail and statement received from Blake Solly at the RFL confirms this: “As discussed, I have confirmed with HMRC that the petition debt has been cleared (although the club will still need to go through the formal process with HMRC of withdrawing the petition).
“On that basis the club has been removed from 'special measures' and the registration embargo has now been lifted.”
Whitcut added that owner Omar Khan had put up over £1million into the club during the past year. He also hit out at what he called a “destabilising campaign” on social media sites such as Twitter.
Whitcut said: “The club is in a good financial position. Omar has put in excess of £1million into the club during the 2012/13 season and continues to invest.
“I am very disappointed to see some areas of social media consistently targeting the club in bad press, with negative comments in what seems to be a destabilising campaign.
“I hope the above detail explains the club’s position and puts an end to speculation. My door has been and will always be open to speak to any fans with any issues relating to the club.
“I urge the supporters of the Bulls and the people of Bradford to support the club by turning up this Saturday for our final game of the season against Huddersfield Giants and to purchase their season ticket for 2014.
“This will enable the club to drive forward on and off the pitch. We are building towards a future with confidence to take this club back to where it ‘BELONGS’.”
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