Beleaguered Bradford Bulls bosses have two weeks to find additional funds or face the prospect of going into administration. The club revealed they had been hit by a winding-up order from HM Revenue & Customs.
Insolvency firm The P&A Partnership, who were brought in last month to conduct a review of the club's finances confirmed that despite fans raising £500,000 to keep the club afloat, the Bulls still need more than £1million to survive to the end of the season.
Pressure from the taxman has prompted the club to file a notice of intention to appoint administrators.
This proactive decision gives the club a breathing space to find partners to invest in the club. It doesn't mean that the club will necessarily enter administration. The club has two weeks to find additional funds - this may mean a number of investors coming together to save the club.
More top news
Weather update for Yorkshire and Lincolnshire.
A court has heard claims that a mounted police officer saw Liverpool fans walking over others and crawling under horses to get into stadium
Safety failings on building sites cost the lives of eight workers and there were 450 major injury cases in the region over a year.