Tue, 04 Sep 2012 | BUSINESS SALE
The Bradford Bulls rugby team has been acquired out of administration by Omar Khan's OK Bulls.
The Rugby Football League (RFL) will decide this week whether or not to grant membership of the RFL to OK Bulls.
Brendan Guilfoyle, partner at the P&A Partnership and administrator of Bradford Bulls, confirmed that the sale went through for an undisclosed sum. In buying the group, Mr Khan saved a total of 158 jobs and completed the rescue of the Super League Club.
Mr Guilfoyle added: “This is a great achievement for Bradford Bulls, the players, fans and the city of Bradford.
“My main duty as administrator is to get the best return for creditors - and this was the best deal on the table. Omar Khan has also passed the Rugby Football League's test as being a 'fit and proper person' to run a rugby club as well as being a passionate fan of the Bulls.
"I am really pleased that we were able to retain the playing squad without selling off."
The RFL has said that it is still waiting to receive required documentation from Mr Khan before completing its due diligence into the consortium.
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