MARK Sawyer says there is 'nothing untoward' after a new company BBBBB Ltd was revealed as having significant control of Bradford Bulls.

Speaking to the Telegraph & Argus, he explained the company - which stands for Bringing Bradford Bulls Back to Bradford - is a vehicle through which the new shareholders will hold their interest in the club.

Sawyer was last month announced as part owner of Bradford Bulls 2017 Ltd in a consortium along with Nigel Wood and his family, who are the majority shareholders.

On setting up BBBBB Ltd - which was incorporated on October 22 when the new ownership of Bulls was announced - Sawyer said: "Our vision is to take the club back to Bradford as soon as possible so it’s called BBBBB.

"The shareholders will appear in there in due course and we’ll also announce if any new shareholders will come on board. BBBBB will reflect what we are announcing.

"It’s nothing untoward – it is just a vehicle to take the shares in to make it clean and tidy."

As of today (Friday) on Companies House, there are three active registered officers for BBBBB Ltd - directors Mark Kilgallon and Sandra Wood (who joined the Bradford Bulls board last month) and secretary Charlotte Monkman. The company’s registered office address is in East Bierley. 

Total Rugby League website report that Monkman was Nigel Wood’s PA when he was chief executive of the RFL before taking a new role at the Rugby League International Federation as an executive assistant, the body Wood now works for as chief executive.

Kimberley Stather - who is reported to be a relative of Nigel Wood’s - is stated as being ‘an active person with significant control’ with 75 per cent or more ownership of shares in BBBBB.

Andrew Chalmers remains as a director for now but Sawyer said the former chairman no longer has any shares in the club - and confirmed he has not and will not have shares in BBBBB Ltd.

Sawyer said: "Andrew will step down (as director) in due course when he has dealt with other duties he’s got to do with his stewardship of the club."

Meanwhile, Sawyer said the club were set for talks shortly with Bradford Council bosses regarding returning Bulls to the city.

He said the club were continuing the process of paying off creditors, while it is understood that the situation concerning players' pension funds has now been resolved.

Sawyer said: "We want the club to be out of debt as soon as possible – on top of that, we'll be conducting ourselves so much more fairly and professionally with businesses in Bradford, with the fans and with other clubs as well."