The holding company of former Super League rugby side Bradford Bulls will "finally enter liquidation this week" after creditors voted "overwhelmingly" in favor of the administrators’ proposals, which include a "thorough examination into the club’s historical financial affairs" following its well-publicized demise, according to Aaron Bower of the London GUARDIAN. Despite the Rugby Football League "already sanctioning a new company and club" in time for the '17 season, the company owning the old club "has not yet been formally liquidated despite reports to the contrary." That process will officially begin this week after creditors -- who, in total, were owed almost £2M ($2.5M) -- approved plans to begin the liquidation of the company that ran the Bulls, Bradford Bulls Northern Ltd. Part of the proposals put forward by the administrators, Gary Pettit and Gavin Bates -- who will also be appointed as the liquidators of the company -- "involve a team of forensic accountants being appointed to examine the club’s business affairs" since former Owner Marc Green assumed control at Odsal in March '14. The club’s officers are "likely" to be interviewed over the financial state of the company, which accrued more than £2M worth of debt before being placed into administration by Green in November (GUARDIAN, 1/29).
