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Battle over Bradford Bulls may go to court
6:20am Friday 20th December 2013 in Sport
A legal battle to resolve the sale of the company that runs the Bradford Bulls could end up in court.
Latest documents lodged at Companies House by the club’s new directors this week show that former owner Omar Khan is the major shareholder in OK Bulls Ltd.
The company was formed by the restaurant boss when he stepped in to save the club from the brink of liquidation last year.
Mr Khan stepped down from the helm of the Super League club at the end of September, but it is understood he continues to hold 99 of 100 shares in OK Bulls Limited with the remaining share held by Leeds-based business Safeguard Security Limited.
The Telegraph & Argus revealed earlier this month that he has since issued statutory demands against the two men he sold the company to – Bedzrus owner Mark Moore and former general manager Ryan Whitcut – claiming he has not yet been paid an agreed sum for the business.
And the T&A understands that any transfer of shares in the company will not take place until that legal battle, which is against the two individuals and not the club, has been resolved, which could be in a court hearing early next year.
The Companies House records of OK Bulls Ltd’s annual return shows Mr Khan owned all 100 shares on August 30 – just under a month before he sold the club.
The overdue document, which was filed by the club’s new directors with the UK business registering body on Tuesday morning, only gives a record of shareholdings on that date. A Companies House spokesman said firms are required to lodge details of any changes of shareholders when they file their annual return, although any changes in that interim period do not have to be immediately registered.
Last night Mr Khan said he was unable to comment on the issue of shareholdings because of the legal action he is taking against Mr Moore and Mr Whitcut.
Earlier this week, Bulls chief executive Robbie Hunter-Paul confirmed the transfer of shares was “ongoing” and details of the allocation of shareholdings among the new directors, Mr Moore, Ian Watt and Andrew Calvert, was also being discussed with the Rugby Football League.
No-one at the club was available to comment further yesterday.
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