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SBD Global/February 25, 2014/Finance

Bradford Bulls Consortium Gets Go-Ahead To Take Over Super League Club

Super League side Bradford Bulls 2014 Ltd. consortium "have had their takeover accepted by the club's administrator," according to the BBC. Bradford was "placed into administration" on Jan. 31 after its former holding company, OK Bulls Ltd., the company of former Owner Omar Khan, entered administration. The board "will now seek ratification from the Rugby Football League." CEO Robbie Hunter-Paul said, "The ownership of the club now has to be approved by the governing body. There are right and proper protocols to follow and a due process which is still to take place. But we are extremely confident that we will receive ratification in the near future, handing us the right to operate in the sport's top flight." The Bulls "could still face a points deduction" from the Rugby Football League after going into administration for the second time in two years (BBC, 2/21).
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