Quote ="Early Bath"From Insider Media :-
The liquidation of Bradford Bulls looks set to leave creditors shouldering an estimated shortfall of almost £2m, new documents which also shed further light on the plight of the one-time rugby league giant have revealed.
A report prepared by administrators at PBC Business Recovery, which were appointed to handle the club's affairs in November, details creditor claims of £1.84m.
This sum includes £690,643 owed to suppliers, £400,995 claimed by HM Revenue & Customs and £750,000 of director loans, which is listed as an unsecured claim after former owner Marc Green and his wife waived their status as a secured creditor in the interests of the wider pool.
At the date of the report (6 January 2017), the club's assets were expected to fetch about £250,916 which would only be enough to discharge some of the costs of the administration.
The report reveals that operating losses at the Bulls rose from £660,116 in 2013/14 to £947,171 in the year to 30 November 2015, with a cash crisis gripping the club who had been one of the most successful in the sport at the start of the Super League era in the mid to late 90s.
A tax demand and subsequent winding-up petition presented by HMRC ultimately led to the administration of the club – the third such event in four years.
After an ultimately unsuccessful hunt for a buyer to acquire the club out of administration, Bradford Bulls Northern Ltd was liquidated at the start of the month.
A new entity led by New Zealand Rugby League chairman Andrew Chalmers and Graham Lowe, a successful former coach, have now embarked on developing a new new professional rugby league club in Bradford.
The new club will begin the 2017 season in the Kingstone Press Championship on minus 12 points.'"
Thank you for an informative post. Thing is though how come the T&A hasn't given us this information? Looking to the future, I think that with the coaching staff and owners our line defence must now surely be improved and the leaking of tries at an alarming rate discontinued. Our poor line defence started during McNamara's tenure and was carefully passed on to the next incumbent. Hopefully those days are coming to an end but we will have to see what quality of players we have.
but don't tell M E as he might be tempted to do an exorcism 
