BRADFORD Bulls are set to be sold with Andrew Chalmers due to vacate as Chairman too.

The club issued a statement this afternoon confirming the shareholders have entered a Conditional Agreement ("the Transaction").

It stipulates that the club's entire shares will be sold to a UK investor group, said to be headed by a former Super League club owner.

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A spokesman for Bradford Bulls was unable to confirm that the new owner was Chris Brereton, as reported by the Rugby League Express.

Brereton spent five years as director at Wakefield Trinity, stepping down in November last year.

He experienced a number of highs and lows during his time there, admitting himself that he particularly enjoyed Super League survival in both 2014 and 2015.

Brereton was commended at the time of his depature by Chairman Michael Carter.

He said: "It is easy to forget the very difficult situation the Club was in the autumn of 2013.

"All that we have achieved at Wakefield Trinity over the past five could not have been achieved without the hard work and determination that Chris has displayed." 

As part of Bulls sale, current Chairman Andrew Chalmers will also vacate his position, on completion of the share sale.

The Transaction is subject to the agreement of the Rugby Football League.

It is expected that an announcement on this will be made shortly.  

Chalmers said: "The head of the investor group is well known in rugby league circles having last served as a Director and owner in the Super League.

"I am confident that the new ownership group will bring the resources, drive and expertise needed to build on the work completed over three years, and continue the path to transition this great Club back to Super League, for the benefit of all Stakeholders especially the loyal Bulls fans.

"Having completed their due diligence, we now await the RFL’s approval and sanction.

"It’s also anticipated that the Club will be shortly removed from all player signing restrictions.

"A more detailed statement will follow, including details of an upcoming fans' forum."

Bulls were placed in special measures in August by the RFL, who expressed concern over the club's long-term future following confirmation of their move to Dewsbury in 2020.

Chalmers took the decision to move out of Odsal, which is owned by Bradford Council and leased from the RFL, because of the high running costs.

Today's announcement comes 24 hours after the club apologised for mistakes made with pension payments which prompted one player to take action to terminate his contract.

In a statement, the club admitted not "properly implementing" the workplace pension scheme because of an administrative error but insisted it would not result in any losses for the players.

Read more about that here...