Quote Derwent="Derwent"Well the announcement was that Khan has bought the holding company (Bradford Bulls Holdings Ltd) and not the trading company (Bradford Bulls Ltd).'"
Wrong.
He has bought the business undertaking. BB(H) Ltd will be liquidated.
Quote Derwent="Derwent" Holding companies by law can not have any employees. '"
Wrong. Totally wrong.
The staff are anyway employed by BB(H) Ltd.
Quote Derwent="Derwent"Where this leaves the players with regard to TUPE and transfer of contracts and existing terms and conditions is anyone's guess. If they haven't been TUPE'd, due to not being employees of the holding company, then that could explain tonight's performance.'"
No it is not anyone's guess.
To the extent normal employment law applies, they will be TUPEd across to OK Bulls Ltd.