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Chairman Marc Green has revealed that the Bradford Bulls have been placed into administration for the third time in the last four years.
The Kingstone Press Championship club faced a winding-up petition by HM Revenue and Customs last month due to a tax dispute.
"I have been talking to a number of serious investors and purely the pressure from HMRC has forced the club to be put into this position to save its future," Green said in a statement.
Tax officials said at a hearing in London last month that the club owes around £350,000. But the Bulls say the debt is nearer £133,000 - and £100,000 has already been paid.
Bradford finished fifth in the Championship last term, missing out on a place in the Qualifiers and a chance of promotion back to Super League.
"There is a dispute between ourselves and HMRC which we have been working hard to resolve since the winding-up petition was issued, and despite two adjournments from the courts to resolve this matter we have been unable to do so.
"We were concerned over the ability to secure a third adjournment and therefore this action became unavoidable to protect the club. "I will be working closely with the administrators over the coming weeks and it is my intention to regain this club from them within the shortest practicable time frame.
"Regardless of whether I remain at the helm of this great club, I will ensure all memberships already purchased for next season will remain valid, as will the offer under which they were purchased. I believe the future of Bradford Bulls is still strong."
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Luke Burgess has signed a two-year-deal with Catalans Dragons.
The Dewsbury born prop signs from Salford, having previously played at Leeds Rhinos and in the NRL for South Sydney Rabbitohs alongside brothers Sam, George and Tom.
I am delighted to have signed for the Catalans Dragons and to be returning to play in Super League.
"The club has a very talented playing squad and for much of last season looked to be on course for at least a top four place in the Super League, at the same time playing a very attractive brand of rugby league.
I am very excited at the prospect of doing what I can over the next two seasons to bring success to the club and their supporters.