The Rugby Football League and the Joint Administrators of Bradford Bulls agree mutual co-operation to resolve the Bulls’ affairs as swiftly as is possible.
Gary Pettit of PBC Business Recovery, Northampton was appointed one of the Joint Administrators to Bradford Bulls (Northern) Limited (“BBNL”) – in Administration, on 14th November 2016. BBNL operates the Bradford Bulls rugby league club (“Club”), playing in the Kingstone Press Championship.
The Joint Administrators are represented by Prodicus Legal Solicitors of Leeds.
The Rugby Football League indicated yesterday that the Bulls’ membership of the RFL had been terminated.
After further discussions, both Mr Pettit and the RFL have today agreed that they will continue to work constructively together. This is in order to achieve the swiftest and most effective outcome for all stakeholders – including staff, fans, sponsors, creditors and others.
Mr Pettit said,
“I am pleased that we have secured an agreement to co-operate with the RFL. We fully acknowledge that the RFL have a duty to protect the wider interests of the game – including all of their member clubs.
We look forward to working with the RFL to ensure that the Administration process is concluded as swiftly and as efficiently as is possible.
To date, the Joint Administrators have received serious expressions of interest from at least six different parties, who are interested in acquiring the Club. This was prior to any formal marketing of the Club by our agent, Mr Neil Bestwick of Sanderson Weatherall, Leeds.
We are excited by the interest shown. We consider that several of the parties appear to have sufficient resources and experience to take Bradford Bulls forward.
A lot of hard work is going on behind the scenes to safeguard the Bulls’ heritage and legacy.
We expect to make a further announcement in due course.”