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Fans hope for interest from investors
Bradford Bulls remained in crisis tonight with the club administrator refusing to rule out redundancies in a bid to try to reduce the £260,000 wage bill.
Brendan Guilfoyle, from the administration P&A Partnership, based in Leeds, said he would be “kicking down doors” to try to secure a buyer for the club, which announced earlier this week it had been placed in administration.
“What I need to do is kick some doors and show people that this is a good option,” he said.
“I have never been confident and I am anxious, but hope for some developments next week.
“But nobody is exactly banging my door down so I will go around various names I have and see if I can persuade them.
“The future of the Bulls hangs in the balance and I cannot rule out redundancies. We don’t have any funding and we are in crisis.
“Under the previous regime the club had budgeted to lose £100,000 a month and had no benefactor and we had this horrendous situation last time.”
Mr Guilfoyle said that he was receiving interest from third parties about Bulls players.
He is also going to the fans’ meeting on Monday at the Guide Post Hotel in Common Road, Low Moor, where 300 people are expected to see what they can do to help the Bulls with their predicament.
Fans have also set up a Facebook page titled Bradford Bulls Fans - Crisis Meeting.
Subjects due to be discussed at the meeting are expected to include what fans can do to prevent liquidation, how much time they have, what resources are needed and, if an investor steps forward at the last hour, what fans need to do to put a plan into force to safeguard the club from anything like this happening in the future.
Bradford East MP David Ward said that it was a shame for the Bulls and the city, but added: “Nobody is going to come forward when outstanding amounts are as big as they are.
“If they put money into the club it will pay the tax bill and it will not go towards building the club or paying wages. It was very much the same at Bradford City where we had to have an agreement with creditors to sort out the debt the club has got.”
The RFL are organising a series of workshops and one-to-one interview sessions next week through their player welfare financial partners Yorkshire Bank, when players can receive confidential financial advice on how to deal with investments, mortgages and debt issues raised by the uncertainty.
The League has also put the Bradford players in touch with Sporting Chance, who have made their counselling service available to anyone whose health is suffering due to the stress and anxiety caused by the problems at the club.