On sky sports app, states they have been given a winding up order by HMRC and have 2 weeks. Bulls have filed to appoint administrators, but they state it doesn't mean they will go into administration.

Will the feeding frenzy start on their squad?

They have 10 working days to find the money they owe.

O'Haras will be rubbing their hands again.

Bye bye Bradford. Bye bye.

They'll go into admin, and maybe lose a couple of players but come out clean. The likelihood of there being no Bulls is very low - they have no assets apart from players and the RFL owns the lease to Odsal.

Shame to see any club go into administration although a winding up order doesn't necessarily mean they will automatically have the administrators flogging the family silver (ironic choice of phrase I know).

Although if they do lose their best players and can no longer compete you'll have to question their worthiness of a franchise.

If they come out as a Newco, I hope the Broncos vote against their readmittance to SL. What goes around, and all that. Pressure is now on the Caisleyites to put up or shut up. Unless the administrators have a buyer lined up who can provide an acceptable deal for the creditors then assets will have to be sold. They already have a written offer from Warrington for Bateman on the table.

Doesn't sound like they'll be a viable new business then.

No less viable than the rest of the debt ridden clubs in the sport with assets worth next to nothing and borrowings guaranteed by their directors.

pity the poor supporters that pumped £500k into the club based on false information. suddenly a £1m debt seemed to become a £2m debt. There will be a lot ot people with a sour taste in the mouth.

Did any of them really think putting £500K was a permanent, or even long term, solution to the club's problems?

The phrase "fleeced" springs to mind.

Probably not, but the quotes at the time were that it would get the revenue off their backs and that the expected to get investment for the other £0.5m that was needed and to fund the Bulls going forward. The current position is that the HMRC are planing to wind up the Bulls so therefore weren't pacified and that at least a further £1m is required on top of the original £1m.

Wow at least you guys are a little more symathetic towards us. Tbh thought you lot would be the worse but Hull FC are just saying Fook Em, get the players :/

I don't want to see any club go out of business. I can't escape the conclusion that a lot of people were screwed over by somebody at the club - either the people who initiated the pledge scheme or the people who gave them their information (actually, if the people initating the pledge were unaware of an extra million quid debt, then they are culpable for not doing their homework properly, negligent if nothing else).

"Pledge to save the Bulls" looks like it could turn into "Pour your hard-earned into a black hole" quite quickly. Fans will no more see their money again than will any other creditors in this mess, including the taxpayer.

Not the fan's fault though. So I feel for you.

I feel very sorry for the fans & the players but not the management

The fans who go or the fans who stopped going?

It is a travesty the way the Bulls fans have been treated and there will be a few going without holidays because they have donated to a cause that was already forlorn.
As for other fans failing to empathise with the Bulls fans plight I would suggest they take stock and think, there but for the grace of god!
It could well mean the end of Bradford as a SL club and where they go from there nobody knows. Caisley needs to pull a rabbit out of the bag pretty quickly.

Steve & Dave but not John

At least we now know the value of SL clubs obtaining a Grade B licence under the SL franchising system.

Franchising by plenty.

Yep. got to feel sympathy for the fans who coughed up the 500k. I hope Garry was on the phone this morning to ask if there was anything we could do to help. Maybe not a lot pre admin, but we've spare young players who could be loaned out if their squad gets decimated.

A bit debateable how decimated their squad could get mid-season isn't it? How many teams have got squad and cap space at this point?

With a bit of luck there will be no carcass to pick over, but HMRC exist as a public body, not to bank roll sports clubs.

Not a good situation and as others have said you have to feel for fans who have stumped up 500k. Can't believe the club took their money and the. This happens so soon after.

Administration looks inevitable, as it has for some time IMO.

A winding up petition is serious and if other creditors come out of the woodwork and support it the only way to avoid liquidation would be administration.