The threat of administration hangs over Bradford today after their financial crisis took a new twist. The beleaguered Bulls are once more facing a race against time to secure their future after being hit by a winding-up order from HM Revenue & Customs.
Insolvency firm The P&A Partnership, who were brought in last month to conduct review of the club's finances, say the loss-making Super League club have just two weeks to find fresh investment.
Brendan Guilfoyle, of The P&A Partnership, confirmed that, despite fans recently raising £500,000 to keep the club afloat, Bradford still need more than £1million to survive to the end of the season.
Bradford recently underwent a boardroom re-shuffle, with Stephen Coulby and Rowland Agar rejoining the club following the resignations of chairman Peter Hood and co-director Andrew Bennett, and Coulby said the club remained determined to avoid entering administration.
If administrators are appointed, the Bulls would almost certainly be docked league points - Wakefield and Crusaders each lost four points last season - which would effectively kill off their play-off hopes.
Worse still, it would leave the club prone to predatory moves for their leading players, with rival Super League clubs already poised with offers for the likes of John Bateman, Elliott Whitehead and Jason Crookes.