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
An 18-year-old woman has died in hospital after being hit by a car in Pool-In-Wharfedale last week.
Humberside police has appointed a new police chief constable.
Police have released CCTV footage of the moment a man risks his life on a level crossing in Hull.