BRADFORD BULLS’ Super League club has entered administration in an effort to avoid a winding-up petition brought by HM Revenue & Customs over an unpaid tax bill of £300,000.
Brendan Guilfoyle, from insolvency firm The P&A Partnership, who has been appointed as joint administrator, says he has just two weeks to find a buyer. He may have to listen to offers for players to bring in short-term cash.
“It’s a crisis situation,” Guilfoyle said, “and selling players and redundancies cannot be ruled out.
Are you facing a Winding-Up Petition or are you owed monies in excess of £750? Our Winding-Up Experts are able to give specialist legal information and advice in this area of law. To contact one of our Solicitors or Barristers for a free consultation please click here or call 0845 8622 529.