Super League club, Bradford Bulls, have been taken over by Bradford Bulls 2014 Ltd.
The Super League club has been on shaky ground recently, entering administration in June 2012, then previous owners OK Bulls Ltd were also placed into administration this morning over a disagreement about the transfer of shares.
On Thursday, January 9, a meeting was held between all of the Bulls’ important stakeholders.
The discussions – chaired by the Rugby Football League – resulted in an agreement regarding the transfer of shares from the club’s former owner, Omar Khan, to the Bulls’ current board of directors.
This agreement however fell through.
The new company is to operate under the directorship of Andrew Calvert, Mark Moore, Ian Watt and Robbie Hunter-Paul.
All players, employees and assets have been transferred to the new company, who will continue to function as Bradford Bulls – in Super League.
The club now intends to approach the RFL to discuss its future and seek to avoid a points deduction, as the board of directors have stated their intentions to continue to work with creditors.
Although technical issues are likely to arise due to the changeover, Bradford Bulls will continue to operate as normal.
More top news
The RAF has confirmed that one person has died in a crash involving a Red Arrows crash in North Wales.
Judges will consider whether care workers who sleep at their place of work should be paid the minimum hourly wage.
A man from Wakefield has set out on a 10,000mile trek around the coast of Australia - three years after he suffered a stroke aged just 29.