Bulls go into administration

Bradford Bulls have gone into adminstration

Bradford Bulls have gone into adminstration

First published in National Sport © by

Bradford's Stobart Super League game at leaders Wigan on Friday could be their last as they battle for survival.

The Bulls' financial situation has been described as "grim" by the man brought in to save the club from liquidation, revealing they have no money to pay the players their wages for July and that he will be open to offers for players.

Brendan Guilfoyle, from insolvency firm The P&A Partnership, has been appointed as joint administrator in a short-term bid to protect the club from a winding-up petition brought by HM Revenue & Customs over an unpaid tax bill in excess of £300,000. He warns he has just 10 working days to find a buyer and insists "my phone is pretty cold at the moment".

"I don't want to be the guy that shuts down Bradford Bulls," he said. "It's a crisis and selling players and redundancies cannot be ruled out.

"The situation is really quite grim. I'm unfunded and I don't have very much money. I certainly don't have anywhere near enough to pay the wages for July.

"I suppose I'm lucky in that the June wages are paid but I need someone to come in and fund this club quickly."

Guilfoyle, who broke the news to head coach Mick Potter and the players on Tuesday morning, said there was no doubt over Friday's game but he could not guarantee the next home match against London Broncos on July 8 would go ahead.

"(Chief executive) Ryan Duckett has been marshalling what limited cash the club have very successfully, so he paid the wages for June and he has enough money to send the players to Wigan," Guilfoyle said. "The next scheduled home game is just outside the deadline so we'll look at that and see whether we're going to mount that game. We'll talk to the RFL."

Asked then if Friday's game could be the last, he said: "It could be. I can't rule it out, hopefully not.

"Super League won't be the same without the Bradford Bulls, so someone has got to step forward."

Comments (1)

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12:39pm Tue 26 Jun 12

scandanavian's love child52 says...

Told you so. VP next and council to buy odsal for landfill site.
Told you so. VP next and council to buy odsal for landfill site. scandanavian's love child52
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