News reports over the weekend revealed the rugby club has called in the administrators for the third time in four years over an outstanding tax debt with HMRC.
Their winding up petition was heard at a court hearing last month with HMRC claiming the company owed £350,000 while Bradford Bulls believe the debt to be closer to £133,000.
Lawyers assured the matter would be resolved and the debt paid, resulting in another hearing adjourned to allow time for the club to secure funds. Bradford Bulls has been issued a number of winding up petitions by HMRC over the last few years.
However, the club’s chairman, Marc Green, said in a statement yesterday, “I have been talking to a number of serious investors and purely the pressure from HMRC has forced the club to be put into this position to save its future.”
He added, “I will be working closely with the Administrators over the coming weeks and it is my intention to regain this club from them within the shortest practicable time frame.”
“Regardless of whether I remain at the helm of this great club, I will ensure all memberships already purchased for next season will remain valid, as will the offer under which they were purchased. I believe the future of Bradford Bulls is still strong.”
Gary Pettit and Gavin Bates from PBC Business Recovery and Insolvency were appointed joint administrators to Bradford Bulls. They will look to securing the future of the rugby club.
“A club like Bradford Bulls serves the local community and we will be working towards finding a solution that preserves the future of the club while also meeting the requirements of the Rugby Football League with whom we have already opened a dialogue”.