Bradford Bulls Close To Administration

Bradford Bulls could be forced to go into administration within a fortnight after being hit by a winding-up order over unpaid tax, according to media reports.

The Bulls need more than £1m to survive to the end of the season, despite recently raising £500,000 through fan pledges, gate receipts and an auction.

The club owes Revenue & Customs (HMRC) £90,000 in payroll tax, plus £250,000 in VAT from the sale of the stadium, and now has two weeks to raise funds or find new investment – or face administration. 

According to BBC Sport, the club has offered to pay off the VAT debt, which has been outstanding since the end of January, at a rate of £50,000 a month.

In April, fans responded to an urgent call to donate funds, raising about £500,000.

Insolvency firm The P&A Partnership was brought in last month to review the club’s finances.