THE Bulls have announced a loss of more than £1.4million in their latest accounts through to January 2019.

The accounts, published today on the Companies House website, reveal the extent of the financial difficulties the club experienced following their drop into League One.

Total net liabilities amounted to £1,426,587 - including £279,485 made up of creditors with amounts falling due within one year, and £1,212,139 made up of creditors with amounts falling due after more than one year.

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The club suffered a loss of just short of £850,000 in the 12 months from January 31 2018 to January 31 2019.

Andrew Chalmers and Graham Lowe took over a newly formed company - Bradford Bulls 2017 Limited - in January 2017 following the liquidation of the old club earlier that month.

Bulls suffered relegation to the bottom tier that year after they were unable to overcome a 12-point penalty deduction, meaning the club suffered reduced central funding in 2018.

Despite promotion to the Championship for the 2019 season, Bulls have been continued to be dogged by financial trouble this year.

They left their Odsal home at the end of the season, with Chalmers citing the rent and maintenance costs of staying there as unviable.

The club were taken over last month by a consortium involving former RFL chief executive Nigel Wood and Dewsbury Rams chairman Mark Sawyer.

One of the chief objectives of the new regime, which they are currently addressing, is paying off a substantial creditors list.

Several key squad members have also left the club, with the exit of five players to Hull KR last month bringing in what was thought to be a six-figure sum.