- 19 updates
The club has successfully reached its initial fundraising target of £500,000 thanks to pledges from supporters and local businesses. They've made £506,000 of pledges in total.
Bradford Bulls are expected to announce later if they've managed to raise the £500,000 needed to stop the club going into administration. They've been asking fans to pledge money to help them meet the target.
Bradford Bulls chairman Peter Hood
The cash-strapped Bradford Bulls are just 20 thousand pounds short of their £500K target to save the club from closure. They have extended the time period to raise £500K until 5pm on Bank Holiday Monday. In total they need £1million which is due in the next six weeks.
Bradford fans should discover by midday if they still have a club to support.
The beleaguered Bulls say they will announce the outcome of their desperate
attempt to raise £1million to secure their future at about 11.30am.
More immediately, the ailing Super League club need to reach £500,000 in
pledges in order to stave off the threat of administration with HM Revenue and
Customs thought to be ready to issue a winding-up petition over an outstanding
tax bill and
Bradford had set a deadline of 5pm yesterday to reach their initial
target.An auction of sporting memorabilia at Odsal on Thursday raised £28,000, taking
the total pledge fund to the £370,000 mark, and the club were hoping a
20,000-plus crowd for last night's Super League derby
with Leeds would raise a profit
above their projected budget.The Bulls' Chief Executive Ryan Duckett said : "To allow us to process all of the pledges and reconcile the receipts from the Leeds game, we will not be making any announcement until approximately 11.30am on Saturday."
Latest ITV News reports
Bradford Bulls will find out today if the 500 thousand pounds needed to stave off the threat of administration has been met.
Bradford Bulls are £15,000 short of their £500,000 target to save the club They have extended a deadline to raise the money until Monday.