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SBD Global/February 3, 2014/Franchises

Super League Side Bradford Bulls Board Of Directors Completes Purchase Of Club

Super League side Bradford Bulls "are finally under the ownership of the club's board of directors," according to SKY SPORTS. An agreement was reached in early January for former Owner Omar Khan "to transfer his shareholding to the Bulls' current board." That deal did not go through owing to "unforeseen circumstances," and early on Friday the impasse led to Khan's holding company being placed into administration. The club was then bought by Bradford Bulls 2014 Ltd., "a company run by those same directors, who insist the club's Super League status is secure" (SKY SPORTS, 2/1). In Bradford, Ross Heppenstall wrote the new owners "will meet Rugby Football League bosses next week as they seek ratification of the club’s change of ownership." The Super League outfit announced on Friday that it had entered administration for the second time in 19 months. Khan, who along with Bradford South MP Gerry Sutcliffe took over the Bulls in Sep. '12, on Friday told of his shock at the move to put OK Bulls Ltd. into administration and said that "he was seeking legal advice." Khan "stepped down from the helm of the club at the end of September, but continued to hold 99 of 100 shares" in OK Bulls Ltd., with the remaining share held by Leeds-based business Safeguard Security Ltd. Khan: “I am shocked and surprised at today’s events regarding OK Bulls Ltd. I have referred this matter to my legal team. I understand that the club has been put into administration by Marc Green of SSG, whose involvement with the club occurred after I left the club" (TELEGRAPH & ARGUS, 2/1).
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