Omar Khan vows to pay back Bradford Council loan to Bradford Bulls

Omar Khan at Odsal

Omar Khan at Odsal

First published in Sport
Last updated
Bradford Telegraph and Argus: Photograph of the Author by , T&A Reporter

A former owner of Bradford Bulls last night vowed to pay back a £200,000 loan received from Bradford Council.

The authority granted the Super League club the cash shortly after restaurant boss Omar Khan took the helm at Odsal in September 2012.

The repayment of the money was raised at a meeting of Bradford Council earlier this week. Now, Mr Khan – whose company OK Bulls was the recipient of the loan – has promised the money will be repaid.

In a statement issued by his spokesman, Mr Khan said: “We are honouring the agreement we have with the Council, which is we are paying the amount that is due.”

Council leader David Green had vowed to get the money back after being quizzed about it by Liberal Democrats group leader Councillor Jeanette Sunderland on Tuesday.

He said: “With any outstanding debts to the Council, our preference is for a negotiated settlement. If a negotiated settlement is not achievable, we will pursue the matter in line with the best legal and financial advice, which includes court action.

“We never write debts off, which is one of the reasons why it has been pointed out that some of the Council tax collection rates do not compare favourably with other local authorities, which have written debts off.

“I can assure this Council that if there is a commercial debt, it will not be written off and we are pursuing all commercial debts owed at this moment.”

In January, Coun David Robinson (Lab, Wyke) asked the Council how the loan repayment would be affected after Mr Khan transferred his shares to local businessmen Ian Watt and Andrew Calvert.

The authority clarified the loan had been made to the company that ran the club, OK Bulls, and not the previous owner directly.

But it stressed Mr Khan had signed a separate guarantee as security for the loan. In its written answer at the time, the Council said: “There are currently negotiations taking place about the transfer of ownership of the shares of Bradford Bulls, which by their very nature are commercially confidential.

“The Council has security in place in respect of the loan, by means of a separate guarantee signed by the owner who is now seeking to transfer ownership.”

Comments (49)

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8:54am Fri 28 Mar 14

Andy2010 says...

Will believe it when I see it
Will believe it when I see it Andy2010
  • Score: 8

9:03am Fri 28 Mar 14

Old Peculiar says...

if I were a gambler........
if I were a gambler........ Old Peculiar
  • Score: 9

9:06am Fri 28 Mar 14

Fozz13 says...

Bet he was hoping it was getting paid by the new owner
Bet he was hoping it was getting paid by the new owner Fozz13
  • Score: 8

9:07am Fri 28 Mar 14

1964gc says...

All the bad press must be affecting curry sales,now he is "well" again its a one liner to get attention

Let's see the money ,how's Gerry by the way
All the bad press must be affecting curry sales,now he is "well" again its a one liner to get attention Let's see the money ,how's Gerry by the way 1964gc
  • Score: 9

9:15am Fri 28 Mar 14

StevieLad says...

Why doesn't he just pay it, what's the delay
Why doesn't he just pay it, what's the delay StevieLad
  • Score: 6

9:16am Fri 28 Mar 14

Thee Voice of Reason says...

It was trotted out that is was a commercial loan, the commercial entity that it was loaned to no longer exists so why isn't the loan being called in, in full?
This sounds like monthly repayments and the same terms are being given essentially making it a private loan to Mr Khan rather than a commercial one.
It was trotted out that is was a commercial loan, the commercial entity that it was loaned to no longer exists so why isn't the loan being called in, in full? This sounds like monthly repayments and the same terms are being given essentially making it a private loan to Mr Khan rather than a commercial one. Thee Voice of Reason
  • Score: 13

9:26am Fri 28 Mar 14

grafter1980 says...

You don't need to 'vow' anything Omar, you signed a personal guarentee. Therefore what this story means is the council have confirmed to him they will pursue it and there's no way his mate Gerry can get him out of it.

What we do need to know are what are the terms.

T&A please stop posting these meaningless stories with no content that are only there to try repair his destroyed public image.

Glad to see his health has improved!

Tomorrow's revelation- I 'vow' to make my mortgage payment at end of month

Good luck to the new owners and team. I heard a rumor that they are looking at player recruit within current means and how to run the business efficiently and effectively, and not planning pop concerts- who would have thought
You don't need to 'vow' anything Omar, you signed a personal guarentee. Therefore what this story means is the council have confirmed to him they will pursue it and there's no way his mate Gerry can get him out of it. What we do need to know are what are the terms. T&A please stop posting these meaningless stories with no content that are only there to try repair his destroyed public image. Glad to see his health has improved! Tomorrow's revelation- I 'vow' to make my mortgage payment at end of month Good luck to the new owners and team. I heard a rumor that they are looking at player recruit within current means and how to run the business efficiently and effectively, and not planning pop concerts- who would have thought grafter1980
  • Score: -1

9:29am Fri 28 Mar 14

Thee Voice of Reason says...

Compare this to everyone who pays council tax. If you get in arrears with your direct debits you forefit the right to pay in installments and are chased for the full amount. Why should Khan still get the original payment terms when the company the loan was given to is going into liquidation?
Labour rates for Labour mates?
Compare this to everyone who pays council tax. If you get in arrears with your direct debits you forefit the right to pay in installments and are chased for the full amount. Why should Khan still get the original payment terms when the company the loan was given to is going into liquidation? Labour rates for Labour mates? Thee Voice of Reason
  • Score: 11

9:32am Fri 28 Mar 14

Fozz13 says...

Debt collectors will b out soon to take that lovely new Mercedes he's driving about in
Debt collectors will b out soon to take that lovely new Mercedes he's driving about in Fozz13
  • Score: 8

9:35am Fri 28 Mar 14

1964gc says...

Next big meaningless headline will be "whitcut and khan kiss and make up"

Those 2 should be worried,a dicky bird tells me that some interesting details have come to light.....
Next big meaningless headline will be "whitcut and khan kiss and make up" Those 2 should be worried,a dicky bird tells me that some interesting details have come to light..... 1964gc
  • Score: 3

9:35am Fri 28 Mar 14

Sad bull says...

Sloppy reporting here.

" after Mr. Khan transferred his shares to local business men etc. "

He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration.

Get the facts right T and A.
Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A. Sad bull
  • Score: 1

9:44am Fri 28 Mar 14

Thee Voice of Reason says...

Sad bull wrote:
Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.
The club ended up in admin due to a winding up order being placed on the club by HMRC.

You get your facts right.

Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints.
[quote][p][bold]Sad bull[/bold] wrote: Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.[/p][/quote]The club ended up in admin due to a winding up order being placed on the club by HMRC. You get your facts right. Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints. Thee Voice of Reason
  • Score: 5

9:48am Fri 28 Mar 14

rogerthat! says...

Andy2010 wrote:
Will believe it when I see it
Spot on. Who would BELIEVE a word of what that man and his Puppets Suitcliffe and Whitcut say. Sadly many on here DID !!!. Me thinks there is more of the brown stuff to come out of the BULL.
[quote][p][bold]Andy2010[/bold] wrote: Will believe it when I see it[/p][/quote]Spot on. Who would BELIEVE a word of what that man and his Puppets Suitcliffe and Whitcut say. Sadly many on here DID !!!. Me thinks there is more of the brown stuff to come out of the BULL. rogerthat!
  • Score: 3

10:14am Fri 28 Mar 14

Parz says...

Thee Voice of Reason wrote:
Sad bull wrote: Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.
The club ended up in admin due to a winding up order being placed on the club by HMRC. You get your facts right. Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints.
To be fair you're both right. OK wouldn't ransfer his shares, so MM IW and AC wouldn't put any money in (because well, why would you when you don't own it) and so there wasn't the cash to pay HMRC, hence the winding up order and subsequent admin.

Messy times.
[quote][p][bold]Thee Voice of Reason[/bold] wrote: [quote][p][bold]Sad bull[/bold] wrote: Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.[/p][/quote]The club ended up in admin due to a winding up order being placed on the club by HMRC. You get your facts right. Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints.[/p][/quote]To be fair you're both right. OK wouldn't ransfer his shares, so MM IW and AC wouldn't put any money in (because well, why would you when you don't own it) and so there wasn't the cash to pay HMRC, hence the winding up order and subsequent admin. Messy times. Parz
  • Score: 0

10:29am Fri 28 Mar 14

Bradfordian1 says...

After reading previous comments I'm surprised and disappointed that some of you were hailing Mr Khan for stepping in and saving the Bulls when he did and now see fit to make your comments as you have.
Nobody else seemed forthcoming at the time to step in and save the club.
Yes, things have not worked out as we all know, however cut the guy some slack. He's not going to pull a fast one on the council.
It's not him who you should be directing your slurs at but the ones at the club who have driven it well and truly into the ground and raped the profits from the club in the first place.
After reading previous comments I'm surprised and disappointed that some of you were hailing Mr Khan for stepping in and saving the Bulls when he did and now see fit to make your comments as you have. Nobody else seemed forthcoming at the time to step in and save the club. Yes, things have not worked out as we all know, however cut the guy some slack. He's not going to pull a fast one on the council. It's not him who you should be directing your slurs at but the ones at the club who have driven it well and truly into the ground and raped the profits from the club in the first place. Bradfordian1
  • Score: 11

10:36am Fri 28 Mar 14

Bradfordian1 says...

Parz wrote:
Thee Voice of Reason wrote:
Sad bull wrote: Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.
The club ended up in admin due to a winding up order being placed on the club by HMRC. You get your facts right. Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints.
To be fair you're both right. OK wouldn't ransfer his shares, so MM IW and AC wouldn't put any money in (because well, why would you when you don't own it) and so there wasn't the cash to pay HMRC, hence the winding up order and subsequent admin.

Messy times.
he didn't transfer his shares because they didn't pay him for the business.
if you own a business with shares as well, then sell the business for an agreed amount, you wait until you've received the payment before transferring said shares.
once you've transferred your shares, you have no control in that business.
had he transferred the shares before receiving the cash he'd be in limbo.
Ask yourself this (if you own your own house) someone wants to buy it and wants the deeds and keys - your solicitor doesn't hand over them until the cash has been received. Same principle applies here.
[quote][p][bold]Parz[/bold] wrote: [quote][p][bold]Thee Voice of Reason[/bold] wrote: [quote][p][bold]Sad bull[/bold] wrote: Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.[/p][/quote]The club ended up in admin due to a winding up order being placed on the club by HMRC. You get your facts right. Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints.[/p][/quote]To be fair you're both right. OK wouldn't ransfer his shares, so MM IW and AC wouldn't put any money in (because well, why would you when you don't own it) and so there wasn't the cash to pay HMRC, hence the winding up order and subsequent admin. Messy times.[/p][/quote]he didn't transfer his shares because they didn't pay him for the business. if you own a business with shares as well, then sell the business for an agreed amount, you wait until you've received the payment before transferring said shares. once you've transferred your shares, you have no control in that business. had he transferred the shares before receiving the cash he'd be in limbo. Ask yourself this (if you own your own house) someone wants to buy it and wants the deeds and keys - your solicitor doesn't hand over them until the cash has been received. Same principle applies here. Bradfordian1
  • Score: 5

10:36am Fri 28 Mar 14

Bradfordian1 says...

Parz wrote:
Thee Voice of Reason wrote:
Sad bull wrote: Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.
The club ended up in admin due to a winding up order being placed on the club by HMRC. You get your facts right. Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints.
To be fair you're both right. OK wouldn't ransfer his shares, so MM IW and AC wouldn't put any money in (because well, why would you when you don't own it) and so there wasn't the cash to pay HMRC, hence the winding up order and subsequent admin.

Messy times.
he didn't transfer his shares because they didn't pay him for the business.
if you own a business with shares as well, then sell the business for an agreed amount, you wait until you've received the payment before transferring said shares.
once you've transferred your shares, you have no control in that business.
had he transferred the shares before receiving the cash he'd be in limbo.
Ask yourself this (if you own your own house) someone wants to buy it and wants the deeds and keys - your solicitor doesn't hand over them until the cash has been received. Same principle applies here.
[quote][p][bold]Parz[/bold] wrote: [quote][p][bold]Thee Voice of Reason[/bold] wrote: [quote][p][bold]Sad bull[/bold] wrote: Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.[/p][/quote]The club ended up in admin due to a winding up order being placed on the club by HMRC. You get your facts right. Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints.[/p][/quote]To be fair you're both right. OK wouldn't ransfer his shares, so MM IW and AC wouldn't put any money in (because well, why would you when you don't own it) and so there wasn't the cash to pay HMRC, hence the winding up order and subsequent admin. Messy times.[/p][/quote]he didn't transfer his shares because they didn't pay him for the business. if you own a business with shares as well, then sell the business for an agreed amount, you wait until you've received the payment before transferring said shares. once you've transferred your shares, you have no control in that business. had he transferred the shares before receiving the cash he'd be in limbo. Ask yourself this (if you own your own house) someone wants to buy it and wants the deeds and keys - your solicitor doesn't hand over them until the cash has been received. Same principle applies here. Bradfordian1
  • Score: 0

10:40am Fri 28 Mar 14

BCFC1911 says...

Bradfordian1 wrote:
After reading previous comments I'm surprised and disappointed that some of you were hailing Mr Khan for stepping in and saving the Bulls when he did and now see fit to make your comments as you have.
Nobody else seemed forthcoming at the time to step in and save the club.
Yes, things have not worked out as we all know, however cut the guy some slack. He's not going to pull a fast one on the council.
It's not him who you should be directing your slurs at but the ones at the club who have driven it well and truly into the ground and raped the profits from the club in the first place.
Khan didnt want to the Bull for his love of rugby and Bradford. he was simply jealous of the Midpoint Suite in Thornbury and wanted Odsal to host Asian weddings.

The idiot bought it not even viewing the catering facilities and when he did actually view them and saw they were way too small for what he was planning and that he would need to invest hundreds of thousands into catering he simply lost interest.

He was simply using Odsal as a business venture born out of jealousy of Aardgras
[quote][p][bold]Bradfordian1[/bold] wrote: After reading previous comments I'm surprised and disappointed that some of you were hailing Mr Khan for stepping in and saving the Bulls when he did and now see fit to make your comments as you have. Nobody else seemed forthcoming at the time to step in and save the club. Yes, things have not worked out as we all know, however cut the guy some slack. He's not going to pull a fast one on the council. It's not him who you should be directing your slurs at but the ones at the club who have driven it well and truly into the ground and raped the profits from the club in the first place.[/p][/quote]Khan didnt want to the Bull for his love of rugby and Bradford. he was simply jealous of the Midpoint Suite in Thornbury and wanted Odsal to host Asian weddings. The idiot bought it not even viewing the catering facilities and when he did actually view them and saw they were way too small for what he was planning and that he would need to invest hundreds of thousands into catering he simply lost interest. He was simply using Odsal as a business venture born out of jealousy of Aardgras BCFC1911
  • Score: 5

10:46am Fri 28 Mar 14

Sad bull says...

Bradfordian1 wrote:
Parz wrote:
Thee Voice of Reason wrote:
Sad bull wrote: Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.
The club ended up in admin due to a winding up order being placed on the club by HMRC. You get your facts right. Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints.
To be fair you're both right. OK wouldn't ransfer his shares, so MM IW and AC wouldn't put any money in (because well, why would you when you don't own it) and so there wasn't the cash to pay HMRC, hence the winding up order and subsequent admin.

Messy times.
he didn't transfer his shares because they didn't pay him for the business.
if you own a business with shares as well, then sell the business for an agreed amount, you wait until you've received the payment before transferring said shares.
once you've transferred your shares, you have no control in that business.
had he transferred the shares before receiving the cash he'd be in limbo.
Ask yourself this (if you own your own house) someone wants to buy it and wants the deeds and keys - your solicitor doesn't hand over them until the cash has been received. Same principle applies here.
Of course there will have been some arrangement in place where the shares would have been transferred to a solicitor and held until payment was made. That is common practice.

The plain fact is in spite of an apparent agreement at a meeting chaired by the RFL where Khan agreed to transfer his shares, he didn't do it.

I agree you wouldn't transfer shares to the ultimate owner without payment, but on the other hand would you have paid Khan up front for them ?
[quote][p][bold]Bradfordian1[/bold] wrote: [quote][p][bold]Parz[/bold] wrote: [quote][p][bold]Thee Voice of Reason[/bold] wrote: [quote][p][bold]Sad bull[/bold] wrote: Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.[/p][/quote]The club ended up in admin due to a winding up order being placed on the club by HMRC. You get your facts right. Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints.[/p][/quote]To be fair you're both right. OK wouldn't ransfer his shares, so MM IW and AC wouldn't put any money in (because well, why would you when you don't own it) and so there wasn't the cash to pay HMRC, hence the winding up order and subsequent admin. Messy times.[/p][/quote]he didn't transfer his shares because they didn't pay him for the business. if you own a business with shares as well, then sell the business for an agreed amount, you wait until you've received the payment before transferring said shares. once you've transferred your shares, you have no control in that business. had he transferred the shares before receiving the cash he'd be in limbo. Ask yourself this (if you own your own house) someone wants to buy it and wants the deeds and keys - your solicitor doesn't hand over them until the cash has been received. Same principle applies here.[/p][/quote]Of course there will have been some arrangement in place where the shares would have been transferred to a solicitor and held until payment was made. That is common practice. The plain fact is in spite of an apparent agreement at a meeting chaired by the RFL where Khan agreed to transfer his shares, he didn't do it. I agree you wouldn't transfer shares to the ultimate owner without payment, but on the other hand would you have paid Khan up front for them ? Sad bull
  • Score: 0

11:08am Fri 28 Mar 14

Reading Bullette says...

1964gc wrote:
Next big meaningless headline will be "whitcut and khan kiss and make up"

Those 2 should be worried,a dicky bird tells me that some interesting details have come to light.....
They never fell out. Believe me!
[quote][p][bold]1964gc[/bold] wrote: Next big meaningless headline will be "whitcut and khan kiss and make up" Those 2 should be worried,a dicky bird tells me that some interesting details have come to light.....[/p][/quote]They never fell out. Believe me! Reading Bullette
  • Score: 0

11:10am Fri 28 Mar 14

Ackersthebull says...

Business must be suffering. We've not been to his restaurants in the past year and they're now on Groupon so he needs to try and get his name back in a positive light. Not much hope with Bulls fans I think.
Business must be suffering. We've not been to his restaurants in the past year and they're now on Groupon so he needs to try and get his name back in a positive light. Not much hope with Bulls fans I think. Ackersthebull
  • Score: 4

11:21am Fri 28 Mar 14

grafter1980 says...

Bradfordian1 wrote:
After reading previous comments I'm surprised and disappointed that some of you were hailing Mr Khan for stepping in and saving the Bulls when he did and now see fit to make your comments as you have.
Nobody else seemed forthcoming at the time to step in and save the club.
Yes, things have not worked out as we all know, however cut the guy some slack. He's not going to pull a fast one on the council.
It's not him who you should be directing your slurs at but the ones at the club who have driven it well and truly into the ground and raped the profits from the club in the first place.
Did HMRC get paid. How much debt has been written off? And Gerry and Omar remain supercilious
[quote][p][bold]Bradfordian1[/bold] wrote: After reading previous comments I'm surprised and disappointed that some of you were hailing Mr Khan for stepping in and saving the Bulls when he did and now see fit to make your comments as you have. Nobody else seemed forthcoming at the time to step in and save the club. Yes, things have not worked out as we all know, however cut the guy some slack. He's not going to pull a fast one on the council. It's not him who you should be directing your slurs at but the ones at the club who have driven it well and truly into the ground and raped the profits from the club in the first place.[/p][/quote]Did HMRC get paid. How much debt has been written off? And Gerry and Omar remain supercilious grafter1980
  • Score: 2

11:28am Fri 28 Mar 14

grafter1980 says...

1964gc wrote:
Next big meaningless headline will be "whitcut and khan kiss and make up"

Those 2 should be worried,a dicky bird tells me that some interesting details have come to light.....
What like, appreciate you can't give details
[quote][p][bold]1964gc[/bold] wrote: Next big meaningless headline will be "whitcut and khan kiss and make up" Those 2 should be worried,a dicky bird tells me that some interesting details have come to light.....[/p][/quote]What like, appreciate you can't give details grafter1980
  • Score: 0

11:44am Fri 28 Mar 14

Parz says...

Bradfordian1 wrote:
Parz wrote:
Thee Voice of Reason wrote:
Sad bull wrote: Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.
The club ended up in admin due to a winding up order being placed on the club by HMRC. You get your facts right. Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints.
To be fair you're both right. OK wouldn't ransfer his shares, so MM IW and AC wouldn't put any money in (because well, why would you when you don't own it) and so there wasn't the cash to pay HMRC, hence the winding up order and subsequent admin. Messy times.
he didn't transfer his shares because they didn't pay him for the business. if you own a business with shares as well, then sell the business for an agreed amount, you wait until you've received the payment before transferring said shares. once you've transferred your shares, you have no control in that business. had he transferred the shares before receiving the cash he'd be in limbo. Ask yourself this (if you own your own house) someone wants to buy it and wants the deeds and keys - your solicitor doesn't hand over them until the cash has been received. Same principle applies here.
True, my apologies I missed off the first step when MM etc refused to pay.
[quote][p][bold]Bradfordian1[/bold] wrote: [quote][p][bold]Parz[/bold] wrote: [quote][p][bold]Thee Voice of Reason[/bold] wrote: [quote][p][bold]Sad bull[/bold] wrote: Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.[/p][/quote]The club ended up in admin due to a winding up order being placed on the club by HMRC. You get your facts right. Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints.[/p][/quote]To be fair you're both right. OK wouldn't ransfer his shares, so MM IW and AC wouldn't put any money in (because well, why would you when you don't own it) and so there wasn't the cash to pay HMRC, hence the winding up order and subsequent admin. Messy times.[/p][/quote]he didn't transfer his shares because they didn't pay him for the business. if you own a business with shares as well, then sell the business for an agreed amount, you wait until you've received the payment before transferring said shares. once you've transferred your shares, you have no control in that business. had he transferred the shares before receiving the cash he'd be in limbo. Ask yourself this (if you own your own house) someone wants to buy it and wants the deeds and keys - your solicitor doesn't hand over them until the cash has been received. Same principle applies here.[/p][/quote]True, my apologies I missed off the first step when MM etc refused to pay. Parz
  • Score: -1

11:58am Fri 28 Mar 14

Loyalbull1981 says...

Thing is if OK hadnt of got that loan the Bulls might not have lasted as long as they did anyway and wouldnt have had a club if he didnt buy us Aug 2012. We were 'saved' whether people like it or not and fair enough we got in a worse position/weren't saved for very long but least we have survived all this, some clubs would have been gone now so be thankful and stop looking back/living in the past. Wish fans would put as much energy into supporting the players as they do moaning and being negative.
Thing is if OK hadnt of got that loan the Bulls might not have lasted as long as they did anyway and wouldnt have had a club if he didnt buy us Aug 2012. We were 'saved' whether people like it or not and fair enough we got in a worse position/weren't saved for very long but least we have survived all this, some clubs would have been gone now so be thankful and stop looking back/living in the past. Wish fans would put as much energy into supporting the players as they do moaning and being negative. Loyalbull1981
  • Score: 10

11:59am Fri 28 Mar 14

bd7 helper says...

Avoiding the TAXMAN!
Avoid his CURRYS
Avoiding the TAXMAN! Avoid his CURRYS bd7 helper
  • Score: 4

12:31pm Fri 28 Mar 14

BierleyBoy says...

Loyalbull1981 wrote:
Thing is if OK hadnt of got that loan the Bulls might not have lasted as long as they did anyway and wouldnt have had a club if he didnt buy us Aug 2012. We were 'saved' whether people like it or not and fair enough we got in a worse position/weren't saved for very long but least we have survived all this, some clubs would have been gone now so be thankful and stop looking back/living in the past. Wish fans would put as much energy into supporting the players as they do moaning and being negative.
There were other interested parties looking at buying the Bulls. Khan didn't save anything or anyone. He got a huge club & brand for the knockdown price of £225k.
The council loan made sure he didn't have to use any more of his own money to fund the club. It also made sure Sutcliffe and none of the other Labour ex councillors, council leaders and political campaign managers had to use a penny of their own money to fund a business of which they were all directors.
If they weren't prepared to put money in, why should OUR money be used?
The council finance and legal departments have made an absolute mess of this whole loan.
Every other organisation that loaned the club or had charges against assets during Khans time has got it back in full. The administrator was owed £75k and had it secured against the club. He got paid. Barclays Bank loaned the club money secured against assets. It got it back in full. Marc Green secured his £180k against club assets and made himself a preferred creditor. He now owns the club as a result.
Bradford Council decided not to secure OUR £200k against club assets or to make itself a preferred creditor.
OK Bulls defaulted on the council loan last year, and despite Khan being a guarantor the loan has not been demanded in full from Khan.
David green authorised this loan. He MUST resign his position as he is responsible for this mess. It's gross incompetence on the part of him and the council officers involved. They too should face disciplinary action.
By the way Mr Khan, pay the money back to Bradford Council NOW and pay it in full. Never mind saying you will pay it to Bradford Bulls, you owe US the money, you egotistical two bit shyster.

All your talk of legal action against your best pal Ryan was just a smokescreen. he levered money out of the business for you whilst you are trying to make yourself look like you were the one being hard done to.
[quote][p][bold]Loyalbull1981[/bold] wrote: Thing is if OK hadnt of got that loan the Bulls might not have lasted as long as they did anyway and wouldnt have had a club if he didnt buy us Aug 2012. We were 'saved' whether people like it or not and fair enough we got in a worse position/weren't saved for very long but least we have survived all this, some clubs would have been gone now so be thankful and stop looking back/living in the past. Wish fans would put as much energy into supporting the players as they do moaning and being negative.[/p][/quote]There were other interested parties looking at buying the Bulls. Khan didn't save anything or anyone. He got a huge club & brand for the knockdown price of £225k. The council loan made sure he didn't have to use any more of his own money to fund the club. It also made sure Sutcliffe and none of the other Labour ex councillors, council leaders and political campaign managers had to use a penny of their own money to fund a business of which they were all directors. If they weren't prepared to put money in, why should OUR money be used? The council finance and legal departments have made an absolute mess of this whole loan. Every other organisation that loaned the club or had charges against assets during Khans time has got it back in full. The administrator was owed £75k and had it secured against the club. He got paid. Barclays Bank loaned the club money secured against assets. It got it back in full. Marc Green secured his £180k against club assets and made himself a preferred creditor. He now owns the club as a result. Bradford Council decided not to secure OUR £200k against club assets or to make itself a preferred creditor. OK Bulls defaulted on the council loan last year, and despite Khan being a guarantor the loan has not been demanded in full from Khan. David green authorised this loan. He MUST resign his position as he is responsible for this mess. It's gross incompetence on the part of him and the council officers involved. They too should face disciplinary action. By the way Mr Khan, pay the money back to Bradford Council NOW and pay it in full. Never mind saying you will pay it to Bradford Bulls, you owe US the money, you egotistical two bit shyster. All your talk of legal action against your best pal Ryan was just a smokescreen. he levered money out of the business for you whilst you are trying to make yourself look like you were the one being hard done to. BierleyBoy
  • Score: 4

12:35pm Fri 28 Mar 14

Thee Voice of Reason says...

Bradfordian1 wrote:
After reading previous comments I'm surprised and disappointed that some of you were hailing Mr Khan for stepping in and saving the Bulls when he did and now see fit to make your comments as you have. Nobody else seemed forthcoming at the time to step in and save the club. Yes, things have not worked out as we all know, however cut the guy some slack. He's not going to pull a fast one on the council. It's not him who you should be directing your slurs at but the ones at the club who have driven it well and truly into the ground and raped the profits from the club in the first place.
He took over a club with no debt and ran up £1.5m debt in a year.

HMRC are set to lose out to the tune of £200k, small business and suppliers once again screwed.

He oversaw the signing of players like Carvell when the club was in massive debt and failing to pay wages.

He knew the fans and exrement were in alighnment so bailed citing ill health. How a sitting MP was also part of this mess and completely igorned along with a former labour council leader when this loan was issued by a labour council in a year they put up everyones council tax has never really been investiaged, just covered up.
[quote][p][bold]Bradfordian1[/bold] wrote: After reading previous comments I'm surprised and disappointed that some of you were hailing Mr Khan for stepping in and saving the Bulls when he did and now see fit to make your comments as you have. Nobody else seemed forthcoming at the time to step in and save the club. Yes, things have not worked out as we all know, however cut the guy some slack. He's not going to pull a fast one on the council. It's not him who you should be directing your slurs at but the ones at the club who have driven it well and truly into the ground and raped the profits from the club in the first place.[/p][/quote]He took over a club with no debt and ran up £1.5m debt in a year. HMRC are set to lose out to the tune of £200k, small business and suppliers once again screwed. He oversaw the signing of players like Carvell when the club was in massive debt and failing to pay wages. He knew the fans and exrement were in alighnment so bailed citing ill health. How a sitting MP was also part of this mess and completely igorned along with a former labour council leader when this loan was issued by a labour council in a year they put up everyones council tax has never really been investiaged, just covered up. Thee Voice of Reason
  • Score: -2

12:52pm Fri 28 Mar 14

BILLTILL says...

Green said :

“We never write debts off, which is one of the reasons why it has been pointed out that some of the Council tax collection rates do not compare favourably with other local authorities, which have written debts off."

Is this really true Mr Green ,what about former tenants arrears and all the other sundry charges that do not get collected ,don't you ever write any of these off .
I would like answers to this and proof they have never written off any council tax or business rates ,if this were the case they must have an enormous amount of bad debt hidden somewhere !!!
Green said : “We never write debts off, which is one of the reasons why it has been pointed out that some of the Council tax collection rates do not compare favourably with other local authorities, which have written debts off." Is this really true Mr Green ,what about former tenants arrears and all the other sundry charges that do not get collected ,don't you ever write any of these off . I would like answers to this and proof they have never written off any council tax or business rates ,if this were the case they must have an enormous amount of bad debt hidden somewhere !!! BILLTILL
  • Score: 2

1:11pm Fri 28 Mar 14

1964gc says...

BILLTILL wrote:
Green said :

“We never write debts off, which is one of the reasons why it has been pointed out that some of the Council tax collection rates do not compare favourably with other local authorities, which have written debts off."

Is this really true Mr Green ,what about former tenants arrears and all the other sundry charges that do not get collected ,don't you ever write any of these off .
I would like answers to this and proof they have never written off any council tax or business rates ,if this were the case they must have an enormous amount of bad debt hidden somewhere !!!
Rumour has it that green is quite partial to a curry.....,not too far from the Ice rink
[quote][p][bold]BILLTILL[/bold] wrote: Green said : “We never write debts off, which is one of the reasons why it has been pointed out that some of the Council tax collection rates do not compare favourably with other local authorities, which have written debts off." Is this really true Mr Green ,what about former tenants arrears and all the other sundry charges that do not get collected ,don't you ever write any of these off . I would like answers to this and proof they have never written off any council tax or business rates ,if this were the case they must have an enormous amount of bad debt hidden somewhere !!![/p][/quote]Rumour has it that green is quite partial to a curry.....,not too far from the Ice rink 1964gc
  • Score: -1

1:22pm Fri 28 Mar 14

Letshavealook says...

I really do hope the new owners can resurrect this club from the shambles of the last two years . However, there are too many unanswered questions and public money is still outstanding. The watch words of most people in authority and particularly MPs are openness and transparency. So in the public interest lets have public enquiry conducted by a recognised independent senior official with a legal background. That inquiry could then settle all public doubts about the conduct of individuals in this saga. Khan, Sutcliffe and David Green could be the first three to provide an account of their involvement.
I really do hope the new owners can resurrect this club from the shambles of the last two years . However, there are too many unanswered questions and public money is still outstanding. The watch words of most people in authority and particularly MPs are openness and transparency. So in the public interest lets have public enquiry conducted by a recognised independent senior official with a legal background. That inquiry could then settle all public doubts about the conduct of individuals in this saga. Khan, Sutcliffe and David Green could be the first three to provide an account of their involvement. Letshavealook
  • Score: 0

1:36pm Fri 28 Mar 14

rogerthat! says...

Reading Bullette wrote:
1964gc wrote:
Next big meaningless headline will be "whitcut and khan kiss and make up"

Those 2 should be worried,a dicky bird tells me that some interesting details have come to light.....
They never fell out. Believe me!
And Mummy knows everything. Still ear wigging around the Club. So Sad.
[quote][p][bold]Reading Bullette[/bold] wrote: [quote][p][bold]1964gc[/bold] wrote: Next big meaningless headline will be "whitcut and khan kiss and make up" Those 2 should be worried,a dicky bird tells me that some interesting details have come to light.....[/p][/quote]They never fell out. Believe me![/p][/quote]And Mummy knows everything. Still ear wigging around the Club. So Sad. rogerthat!
  • Score: 0

1:58pm Fri 28 Mar 14

Bradfordian1 says...

Thee Voice of Reason wrote:
Bradfordian1 wrote:
After reading previous comments I'm surprised and disappointed that some of you were hailing Mr Khan for stepping in and saving the Bulls when he did and now see fit to make your comments as you have. Nobody else seemed forthcoming at the time to step in and save the club. Yes, things have not worked out as we all know, however cut the guy some slack. He's not going to pull a fast one on the council. It's not him who you should be directing your slurs at but the ones at the club who have driven it well and truly into the ground and raped the profits from the club in the first place.
He took over a club with no debt and ran up £1.5m debt in a year.

HMRC are set to lose out to the tune of £200k, small business and suppliers once again screwed.

He oversaw the signing of players like Carvell when the club was in massive debt and failing to pay wages.

He knew the fans and exrement were in alighnment so bailed citing ill health. How a sitting MP was also part of this mess and completely igorned along with a former labour council leader when this loan was issued by a labour council in a year they put up everyones council tax has never really been investiaged, just covered up.
The club was in debt - it was in debt when they guy from Reebok (Gareth Davies) was appointed CEO.
He went through the clubs books and started making the cull.
If you recall, Nobby left/jumped ship, whichever way you wish to look at it, to go to Wigan for the big bucks and sited Davies and the board as the main reasons. Main reasons because he was told he had to cut his wages bill.
Mostly stemmed from signing Harris - poor legal advice which Rhinos took further through the courts.
Fans then turned against Davies and Davies decided to move on.
The big question is, all of the glory years winning trophies - where's all that money gone? It's been siphoned out of the club.
This maybe the reason why when Caisely went, nobody wanted his job.
From personal experience of being a former supplier to the club, cash flow has always been an issue.
It's just that clever people than me know where to move debt and cash around in a business and this is probably why the prospective/new owners found big holes in the books after they'd got involved.
Question is, did the RFL know the full issues, given that they bailed the club out by buying the ground??
[quote][p][bold]Thee Voice of Reason[/bold] wrote: [quote][p][bold]Bradfordian1[/bold] wrote: After reading previous comments I'm surprised and disappointed that some of you were hailing Mr Khan for stepping in and saving the Bulls when he did and now see fit to make your comments as you have. Nobody else seemed forthcoming at the time to step in and save the club. Yes, things have not worked out as we all know, however cut the guy some slack. He's not going to pull a fast one on the council. It's not him who you should be directing your slurs at but the ones at the club who have driven it well and truly into the ground and raped the profits from the club in the first place.[/p][/quote]He took over a club with no debt and ran up £1.5m debt in a year. HMRC are set to lose out to the tune of £200k, small business and suppliers once again screwed. He oversaw the signing of players like Carvell when the club was in massive debt and failing to pay wages. He knew the fans and exrement were in alighnment so bailed citing ill health. How a sitting MP was also part of this mess and completely igorned along with a former labour council leader when this loan was issued by a labour council in a year they put up everyones council tax has never really been investiaged, just covered up.[/p][/quote]The club was in debt - it was in debt when they guy from Reebok (Gareth Davies) was appointed CEO. He went through the clubs books and started making the cull. If you recall, Nobby left/jumped ship, whichever way you wish to look at it, to go to Wigan for the big bucks and sited Davies and the board as the main reasons. Main reasons because he was told he had to cut his wages bill. Mostly stemmed from signing Harris - poor legal advice which Rhinos took further through the courts. Fans then turned against Davies and Davies decided to move on. The big question is, all of the glory years winning trophies - where's all that money gone? It's been siphoned out of the club. This maybe the reason why when Caisely went, nobody wanted his job. From personal experience of being a former supplier to the club, cash flow has always been an issue. It's just that clever people than me know where to move debt and cash around in a business and this is probably why the prospective/new owners found big holes in the books after they'd got involved. Question is, did the RFL know the full issues, given that they bailed the club out by buying the ground?? Bradfordian1
  • Score: 6

2:07pm Fri 28 Mar 14

portugalbull says...

Letshavealook wrote:
I really do hope the new owners can resurrect this club from the shambles of the last two years . However, there are too many unanswered questions and public money is still outstanding. The watch words of most people in authority and particularly MPs are openness and transparency. So in the public interest lets have public enquiry conducted by a recognised independent senior official with a legal background. That inquiry could then settle all public doubts about the conduct of individuals in this saga. Khan, Sutcliffe and David Green could be the first three to provide an account of their involvement.
I understood part of the administrators job is to make out a report on the previous directors for company house to see if their competent for future positions or should be banned.
[quote][p][bold]Letshavealook[/bold] wrote: I really do hope the new owners can resurrect this club from the shambles of the last two years . However, there are too many unanswered questions and public money is still outstanding. The watch words of most people in authority and particularly MPs are openness and transparency. So in the public interest lets have public enquiry conducted by a recognised independent senior official with a legal background. That inquiry could then settle all public doubts about the conduct of individuals in this saga. Khan, Sutcliffe and David Green could be the first three to provide an account of their involvement.[/p][/quote]I understood part of the administrators job is to make out a report on the previous directors for company house to see if their competent for future positions or should be banned. portugalbull
  • Score: 0

3:43pm Fri 28 Mar 14

northern pig says...

Letshavealook wrote:
I really do hope the new owners can resurrect this club from the shambles of the last two years . However, there are too many unanswered questions and public money is still outstanding. The watch words of most people in authority and particularly MPs are openness and transparency. So in the public interest lets have public enquiry conducted by a recognised independent senior official with a legal background. That inquiry could then settle all public doubts about the conduct of individuals in this saga. Khan, Sutcliffe and David Green could be the first three to provide an account of their involvement.
Public enquiry ,yeah right!! Who is going to foot the bill???
[quote][p][bold]Letshavealook[/bold] wrote: I really do hope the new owners can resurrect this club from the shambles of the last two years . However, there are too many unanswered questions and public money is still outstanding. The watch words of most people in authority and particularly MPs are openness and transparency. So in the public interest lets have public enquiry conducted by a recognised independent senior official with a legal background. That inquiry could then settle all public doubts about the conduct of individuals in this saga. Khan, Sutcliffe and David Green could be the first three to provide an account of their involvement.[/p][/quote]Public enquiry ,yeah right!! Who is going to foot the bill??? northern pig
  • Score: 2

6:15pm Fri 28 Mar 14

StevieLad says...

Sad bull wrote:
Bradfordian1 wrote:
Parz wrote:
Thee Voice of Reason wrote:
Sad bull wrote: Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.
The club ended up in admin due to a winding up order being placed on the club by HMRC. You get your facts right. Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints.
To be fair you're both right. OK wouldn't ransfer his shares, so MM IW and AC wouldn't put any money in (because well, why would you when you don't own it) and so there wasn't the cash to pay HMRC, hence the winding up order and subsequent admin.

Messy times.
he didn't transfer his shares because they didn't pay him for the business.
if you own a business with shares as well, then sell the business for an agreed amount, you wait until you've received the payment before transferring said shares.
once you've transferred your shares, you have no control in that business.
had he transferred the shares before receiving the cash he'd be in limbo.
Ask yourself this (if you own your own house) someone wants to buy it and wants the deeds and keys - your solicitor doesn't hand over them until the cash has been received. Same principle applies here.
Of course there will have been some arrangement in place where the shares would have been transferred to a solicitor and held until payment was made. That is common practice.

The plain fact is in spite of an apparent agreement at a meeting chaired by the RFL where Khan agreed to transfer his shares, he didn't do it.

I agree you wouldn't transfer shares to the ultimate owner without payment, but on the other hand would you have paid Khan up front for them ?
Shares don't get transferred to a solicitor. Neither does your house in a conveyancing deal. So no its not common practice. The rest though, yeah. As we now know they "agreed to buy" then got a serious case of buyers remorseso backpedalled
[quote][p][bold]Sad bull[/bold] wrote: [quote][p][bold]Bradfordian1[/bold] wrote: [quote][p][bold]Parz[/bold] wrote: [quote][p][bold]Thee Voice of Reason[/bold] wrote: [quote][p][bold]Sad bull[/bold] wrote: Sloppy reporting here. " after Mr. Khan transferred his shares to local business men etc. " He didn't transfer his shares despite numerous promises to do so and that is why we ended up in administration. Get the facts right T and A.[/p][/quote]The club ended up in admin due to a winding up order being placed on the club by HMRC. You get your facts right. Thats what Marc Green said and that's what can be seen in the London Gazette. Unless you don't trust what the new owner tells you or what the London Gazette prints.[/p][/quote]To be fair you're both right. OK wouldn't ransfer his shares, so MM IW and AC wouldn't put any money in (because well, why would you when you don't own it) and so there wasn't the cash to pay HMRC, hence the winding up order and subsequent admin. Messy times.[/p][/quote]he didn't transfer his shares because they didn't pay him for the business. if you own a business with shares as well, then sell the business for an agreed amount, you wait until you've received the payment before transferring said shares. once you've transferred your shares, you have no control in that business. had he transferred the shares before receiving the cash he'd be in limbo. Ask yourself this (if you own your own house) someone wants to buy it and wants the deeds and keys - your solicitor doesn't hand over them until the cash has been received. Same principle applies here.[/p][/quote]Of course there will have been some arrangement in place where the shares would have been transferred to a solicitor and held until payment was made. That is common practice. The plain fact is in spite of an apparent agreement at a meeting chaired by the RFL where Khan agreed to transfer his shares, he didn't do it. I agree you wouldn't transfer shares to the ultimate owner without payment, but on the other hand would you have paid Khan up front for them ?[/p][/quote]Shares don't get transferred to a solicitor. Neither does your house in a conveyancing deal. So no its not common practice. The rest though, yeah. As we now know they "agreed to buy" then got a serious case of buyers remorseso backpedalled StevieLad
  • Score: 0

6:31pm Fri 28 Mar 14

StevieLad says...

Loyalbull1981 wrote:
Thing is if OK hadnt of got that loan the Bulls might not have lasted as long as they did anyway and wouldnt have had a club if he didnt buy us Aug 2012. We were 'saved' whether people like it or not and fair enough we got in a worse position/weren't saved for very long but least we have survived all this, some clubs would have been gone now so be thankful and stop looking back/living in the past. Wish fans would put as much energy into supporting the players as they do moaning and being negative.
Its not blind negativity. Its not living in the past. We want what is just that's all.

There were other potential buyers at the time when OK was sold the club. We don't know whether or not the others would have raised every available type of debt, and run the Bradford Bulls into the ground. But OK was not a saviour any more than the Phoenix Consortium were the saviours of MG Rover.

If he's such an altruist where is the £200,000.00 loan repayment? Or should we all pool together to pay it off because he was nice to the Labour Party one time. It may yet end up being that way
[quote][p][bold]Loyalbull1981[/bold] wrote: Thing is if OK hadnt of got that loan the Bulls might not have lasted as long as they did anyway and wouldnt have had a club if he didnt buy us Aug 2012. We were 'saved' whether people like it or not and fair enough we got in a worse position/weren't saved for very long but least we have survived all this, some clubs would have been gone now so be thankful and stop looking back/living in the past. Wish fans would put as much energy into supporting the players as they do moaning and being negative.[/p][/quote]Its not blind negativity. Its not living in the past. We want what is just that's all. There were other potential buyers at the time when OK was sold the club. We don't know whether or not the others would have raised every available type of debt, and run the Bradford Bulls into the ground. But OK was not a saviour any more than the Phoenix Consortium were the saviours of MG Rover. If he's such an altruist where is the £200,000.00 loan repayment? Or should we all pool together to pay it off because he was nice to the Labour Party one time. It may yet end up being that way StevieLad
  • Score: 0

6:37pm Fri 28 Mar 14

nhoj89 says...

this is the guy who said ive saved the bulls,claimed with his own money,then we find out hes borrowed two loans,one of which is bradford tax payers money,should be maid to pay immediately ,wonder if sutcliffe had ant=ything to do with the council loan,hes gone very quiet
this is the guy who said ive saved the bulls,claimed with his own money,then we find out hes borrowed two loans,one of which is bradford tax payers money,should be maid to pay immediately ,wonder if sutcliffe had ant=ything to do with the council loan,hes gone very quiet nhoj89
  • Score: 2

9:21pm Fri 28 Mar 14

WayneRouke says...

Well,it looks like my speculation about Khan in another thread had some weight.

Khan was, and is, a charlatan, who was out to rip off the club and nothing more. He was taking loans OUT of the club when he should have been paying in.

His claim he propped the club up out of his own pocket to the tune of £80,000, when they needed to pay wages now holds now water, as he basically paid it from the money he had borrowed.

So now questions need to be asked of him as to what has happened to other funds. Did sponsorship money from major firms end up in his pocket too. I do believe 1 million was up for grabs...

I think it will be a cold day in hell before all the money borrowed is paid back. But then, he could (claim to) dip into his property portfolio to pay it back.

WR
Well,it looks like my speculation about Khan in another thread had some weight. Khan was, and is, a charlatan, who was out to rip off the club and nothing more. He was taking loans OUT of the club when he should have been paying in. His claim he propped the club up out of his own pocket to the tune of £80,000, when they needed to pay wages now holds now water, as he basically paid it from the money he had borrowed. So now questions need to be asked of him as to what has happened to other funds. Did sponsorship money from major firms end up in his pocket too. I do believe 1 million was up for grabs... I think it will be a cold day in hell before all the money borrowed is paid back. But then, he could (claim to) dip into his property portfolio to pay it back. WR WayneRouke
  • Score: 4

11:17pm Fri 28 Mar 14

WayneRouke says...

Here was my take on Khan. It would appear i was very close to the mark

http://www.thetelegr
aphandargus.co.uk/sp
ort/11096684.Bad_inj
uries_to_Diskin_and_
Sidlow_further_blows
_for_Bradford_Bulls/
?action=success
Here was my take on Khan. It would appear i was very close to the mark http://www.thetelegr aphandargus.co.uk/sp ort/11096684.Bad_inj uries_to_Diskin_and_ Sidlow_further_blows _for_Bradford_Bulls/ ?action=success WayneRouke
  • Score: -1

11:22pm Fri 28 Mar 14

Videoref says...

And still the silence from Sutcliffe is deafening. Wonder if he'll have anything to say before May 2015 by any chance?
And still the silence from Sutcliffe is deafening. Wonder if he'll have anything to say before May 2015 by any chance? Videoref
  • Score: 0

12:20am Sat 29 Mar 14

Papa Smurfs Wig says...

I just knew it that he was bad for the club and us council tax payers.
Someone l know made out to be his nephew and was on about a lease that he said Khan would sort out, not the conventional way.

I've been banging this loan drum for months about whoever sanctioned it should be removed from office. Is it Dave Green then folks?
I just knew it that he was bad for the club and us council tax payers. Someone l know made out to be his nephew and was on about a lease that he said Khan would sort out, not the conventional way. I've been banging this loan drum for months about whoever sanctioned it should be removed from office. Is it Dave Green then folks? Papa Smurfs Wig
  • Score: -1

1:24am Sat 29 Mar 14

BigBullz says...

Look everyone knows omar went in for one thing . bunch of fraudsters! who in the right mind let the takeover happen. omar and his cronies have not fallen out its all a game!
Look everyone knows omar went in for one thing . bunch of fraudsters! who in the right mind let the takeover happen. omar and his cronies have not fallen out its all a game! BigBullz
  • Score: 3

12:03am Sun 30 Mar 14

bullofbradford says...

Mr khan is a manipulative fraudster. he allegedly transferred the restaurant to family names when rats were found, yet Bradford bulls continued spending a small fortune there on catering! unfit and improper.
Mr khan is a manipulative fraudster. he allegedly transferred the restaurant to family names when rats were found, yet Bradford bulls continued spending a small fortune there on catering! unfit and improper. bullofbradford
  • Score: 4

12:17am Sun 30 Mar 14

bullofbradford says...

rogerthat! wrote:
Andy2010 wrote:
Will believe it when I see it
Spot on. Who would BELIEVE a word of what that man and his Puppets Suitcliffe and Whitcut say. Sadly many on here DID !!!. Me thinks there is more of the brown stuff to come out of the BULL.
has anyone asked 'where' khan got the money in the first place? any powder involved?
[quote][p][bold]rogerthat![/bold] wrote: [quote][p][bold]Andy2010[/bold] wrote: Will believe it when I see it[/p][/quote]Spot on. Who would BELIEVE a word of what that man and his Puppets Suitcliffe and Whitcut say. Sadly many on here DID !!!. Me thinks there is more of the brown stuff to come out of the BULL.[/p][/quote]has anyone asked 'where' khan got the money in the first place? any powder involved? bullofbradford
  • Score: 3

12:00pm Sun 30 Mar 14

parkofl says...

Fraudster
Fraudster parkofl
  • Score: 2

1:36pm Sun 30 Mar 14

bullofbradford says...

BierleyBoy wrote:
Loyalbull1981 wrote:
Thing is if OK hadnt of got that loan the Bulls might not have lasted as long as they did anyway and wouldnt have had a club if he didnt buy us Aug 2012. We were 'saved' whether people like it or not and fair enough we got in a worse position/weren't saved for very long but least we have survived all this, some clubs would have been gone now so be thankful and stop looking back/living in the past. Wish fans would put as much energy into supporting the players as they do moaning and being negative.
There were other interested parties looking at buying the Bulls. Khan didn't save anything or anyone. He got a huge club & brand for the knockdown price of £225k.
The council loan made sure he didn't have to use any more of his own money to fund the club. It also made sure Sutcliffe and none of the other Labour ex councillors, council leaders and political campaign managers had to use a penny of their own money to fund a business of which they were all directors.
If they weren't prepared to put money in, why should OUR money be used?
The council finance and legal departments have made an absolute mess of this whole loan.
Every other organisation that loaned the club or had charges against assets during Khans time has got it back in full. The administrator was owed £75k and had it secured against the club. He got paid. Barclays Bank loaned the club money secured against assets. It got it back in full. Marc Green secured his £180k against club assets and made himself a preferred creditor. He now owns the club as a result.
Bradford Council decided not to secure OUR £200k against club assets or to make itself a preferred creditor.
OK Bulls defaulted on the council loan last year, and despite Khan being a guarantor the loan has not been demanded in full from Khan.
David green authorised this loan. He MUST resign his position as he is responsible for this mess. It's gross incompetence on the part of him and the council officers involved. They too should face disciplinary action.
By the way Mr Khan, pay the money back to Bradford Council NOW and pay it in full. Never mind saying you will pay it to Bradford Bulls, you owe US the money, you egotistical two bit shyster.

All your talk of legal action against your best pal Ryan was just a smokescreen. he levered money out of the business for you whilst you are trying to make yourself look like you were the one being hard done to.
Agreed, Green should resign for incompetence or dodgy favouritism.
Khan should be behind bars.
[quote][p][bold]BierleyBoy[/bold] wrote: [quote][p][bold]Loyalbull1981[/bold] wrote: Thing is if OK hadnt of got that loan the Bulls might not have lasted as long as they did anyway and wouldnt have had a club if he didnt buy us Aug 2012. We were 'saved' whether people like it or not and fair enough we got in a worse position/weren't saved for very long but least we have survived all this, some clubs would have been gone now so be thankful and stop looking back/living in the past. Wish fans would put as much energy into supporting the players as they do moaning and being negative.[/p][/quote]There were other interested parties looking at buying the Bulls. Khan didn't save anything or anyone. He got a huge club & brand for the knockdown price of £225k. The council loan made sure he didn't have to use any more of his own money to fund the club. It also made sure Sutcliffe and none of the other Labour ex councillors, council leaders and political campaign managers had to use a penny of their own money to fund a business of which they were all directors. If they weren't prepared to put money in, why should OUR money be used? The council finance and legal departments have made an absolute mess of this whole loan. Every other organisation that loaned the club or had charges against assets during Khans time has got it back in full. The administrator was owed £75k and had it secured against the club. He got paid. Barclays Bank loaned the club money secured against assets. It got it back in full. Marc Green secured his £180k against club assets and made himself a preferred creditor. He now owns the club as a result. Bradford Council decided not to secure OUR £200k against club assets or to make itself a preferred creditor. OK Bulls defaulted on the council loan last year, and despite Khan being a guarantor the loan has not been demanded in full from Khan. David green authorised this loan. He MUST resign his position as he is responsible for this mess. It's gross incompetence on the part of him and the council officers involved. They too should face disciplinary action. By the way Mr Khan, pay the money back to Bradford Council NOW and pay it in full. Never mind saying you will pay it to Bradford Bulls, you owe US the money, you egotistical two bit shyster. All your talk of legal action against your best pal Ryan was just a smokescreen. he levered money out of the business for you whilst you are trying to make yourself look like you were the one being hard done to.[/p][/quote]Agreed, Green should resign for incompetence or dodgy favouritism. Khan should be behind bars. bullofbradford
  • Score: 3

12:00pm Wed 2 Apr 14

axelf1963 says...

Don't pay it Omar, Why should you its the new owners that owe it now, DO NOT BAIL THEM OUT AGAIN THE BUNCH OF UNGRATEFUL SODS
Don't pay it Omar, Why should you its the new owners that owe it now, DO NOT BAIL THEM OUT AGAIN THE BUNCH OF UNGRATEFUL SODS axelf1963
  • Score: -2

4:13am Thu 3 Apr 14

Arhmen Noleg says...

Popular Mr Khan.

Will someone please start an online petition for ACTION.

The Insolvency Service are useless.
We allow millions in white collar crime to go unpunished but chase the shoplifter through the courts whatever the cost.

Time to take a good look HM Government.

You can send a council tax defaulter to jail Bradford Council.

Now get your house in order this has been a secretive manipulative corrupt disgrace.
Not even a debenture legal charge on OK Bulls Limited assets.

Thank You Bierley Boy.
You have cleared up who the other 2 charges registered were in respect of Ok Bulls Ltd and sadly Mr Green (David) one was not Bradford Council.

Take his property portfolio if he ever had one.
He certainly did not appear to have released £900000 from that portfolio as promised last August.
Otherwise Whitcut would not have been charging up the Bulls meagre assets with a piffling (in the scheme of £1.5 million debt)£150000.loan from Marc Green.
I concur with the previous posters.

Omar Khan when the point of no return was reached engaged in pretty underhand,clever but dishonest manipulating of the situation.

It is hoped they are brought to justice.
Too late than but to giver the Bulls years of having to pay these debts back.

A truly dreadfull year of Ok"s tenure
Popular Mr Khan. Will someone please start an online petition for ACTION. The Insolvency Service are useless. We allow millions in white collar crime to go unpunished but chase the shoplifter through the courts whatever the cost. Time to take a good look HM Government. You can send a council tax defaulter to jail Bradford Council. Now get your house in order this has been a secretive manipulative corrupt disgrace. Not even a debenture legal charge on OK Bulls Limited assets. Thank You Bierley Boy. You have cleared up who the other 2 charges registered were in respect of Ok Bulls Ltd and sadly Mr Green (David) one was not Bradford Council. Take his property portfolio if he ever had one. He certainly did not appear to have released £900000 from that portfolio as promised last August. Otherwise Whitcut would not have been charging up the Bulls meagre assets with a piffling (in the scheme of £1.5 million debt)£150000.loan from Marc Green. I concur with the previous posters. Omar Khan when the point of no return was reached engaged in pretty underhand,clever but dishonest manipulating of the situation. It is hoped they are brought to justice. Too late than but to giver the Bulls years of having to pay these debts back. A truly dreadfull year of Ok"s tenure Arhmen Noleg
  • Score: 1

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