Wed, 27 Jun 2012 | ADMINISTRATION
Bradford Bulls rugby club has entered administration as it has failed to find the funds required to stay in business.
Administrators from The P&A Partnership have stated that they have just ten days to save the club from administration because “there are no funds to carry on longer”.
Joint administrator Brendan Guilfoyle added: “If anyone is interested in buying the Bulls then we need to hear from them right now. This famous club is now on the brink of extinction. The directors made every effort to try to save the club within the 14-day timescale issued by the courts, but the moratorium ended on Monday without any potential buyer coming forward."
Wages were paid by the club in June but the next set of payments remains uncertain. It is also not clear whether or not the 8 July match against the London Broncos will go ahead.
Mr Guilfoyle is due to meet with Rugby Football League officials to discuss the possible impact of the administration on the club. The league can deduct six points in light of its insolvency regulations, but this will be at the discretion of its board of directors.
Previous story - Bradford Bulls teeters on brink of administration
Utilises a large fleet of articulated units and trailers to provide transportation and delivery services depot-to-depot via fully loaded trailers. Provides its comprehensive service offering for several blue-chip organisations. Receives a high volume...
This independently run Heating Engineers delivers a variety of services to a wide range of clients in its local area.
Established over 15 years this care provider has become very well known in the local area for the high quality of care and companionship they provide to their clients.
02
|
May
|
Two country hotels sold following confidential marketing process | COMMERCIAL PROPERTY
Two country hotels in the South East of England have been so...
02
|
May
|
Two South East accountancy firms agree to merge | MERGER
Two accountancy firms based in the South East have announced...
02
|
May
|
Legal services group completes eighth acquisition | BUSINESS SALE
Acquisitive legal services group Lawfront has completed a de...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.