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Bulls face administration

Beleaguered Bradford Bulls rugby league club could be forced to go into administration within a fortnight after being hit by a winding-up order from HM Revenue & Customs.

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Bulls chiefs have two week deadline

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.

– Brendan Guilfoyle, The P&A Partnership

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