I think you're confusing two things, Keighley. The club was owned by Bradford Bulls Holdings Ltd and it was BBH which went into receivership not the club, and it was the club, and not the whole of BBH (which would have included the debts), which was bought by OK Bulls from the receiver. I think the fate of BBH is still undecided, but the club (and new owner) was given a one year provisional licence by SL/RFL after being vetted. We can all suggest it isn't right/fair or whatever we want, but that was the decision, along with the loss of income which also has to be endured. We have to assume the RFL/SL were acting in the best interests of all concerned and presumably that they didn't feel there was any other club capable of taking on the licence, especially given the short notice.
Thank you for your post. I understand what you are saying and I agree, that, in the end, the best solution was probably arrived at.
I do not understand however how the club can be a separate entity and a constituent part of BBH. How do you define what the club consists of as opposed to BBH and how can the debts be separated from the club and assigned to BBH leaving the club, however and whatever that definiton is, clear and free. Is that not why a NEWCO was formed to leave the debts with BBH, which was the owner of the nebulous "club" who got themselves into the aforesaid debt,
The RFL/SL granted the NEWCO a new temporary licence for SL. I get that, but a somewhat dubious procedure completely ignoring all the much ballyhooed licence applications based on set criteria that other Companies , new or not, had to comply with to obtain a SL licence.
I accept the results of all this but I still feel it was a flawed and fraudulent process and classic example of the end justifying the means.