BULLS REACH PLEDGE TARGET: Bradford Bulls this afternoon (Tuesday 10 April 2012) confirmed that the Club's initi... http://t.co/eoLbTCUG
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."