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Administrator hoping for extra time to find Bulls investment

Administrator Brendan Guilfoyle has told Bradford fans he is hoping to have an extra fortnight to prevent the Bulls from being liquidated.
Administrator hoping for extra time to find Bulls investment
by NRL

Administrator Brendan Guilfoyle has told Bradford fans he is hoping to have an extra fortnight to prevent the Bulls from being liquidated.

Guilfoyle, who made 15 staff redundant on Monday, had originally given himself until Friday to find a buyer, which put Sunday's Stobart Super League fixture with London Broncos in doubt.

After this weekend, the administrator must find around &;200,000 and Guilfoyle, who addressed a 500-strong fans meeting in Bradford on Monday night, says that could give him up to July 19 at the latest to find new investment.

The Bulls went into administration a week ago after the club's directors failed to raise the &;1.2million they say was needed to see them through to the end of the season.

Guilfoyle, who was accompanied by sports lawyer David Hinchcliffe, a Bulls fan, told supporters he had been "dealt a very poor set of cards".

"I never expected to be appointed as administrator," he said. "I was asked to carry out a financial review and lend my name to the club's intention to appoint an administrator.

"That was to give the directors a 21-day moratorium to find investment but, to my horror, they failed.

"I have to say I have been dealt a very poor set of cards."

Guilfoyle said he expects to save around &;50,000 in monthly wages by his decision to sack virtually all the backroom and coaching staff.

The casualties include chief executive Ryan Duckett and head coach Mick Potter, along with his wife Megan who worked in the ticket office.

Assistant coaches Francis Cummins and Lee St Hilaire have also gone but Guilfoyle told the fans he has already received offers from people to act as caretaker coach, as well as ones to become chief executive.

"I have had lots of offers from people to become interim chief executive and also offers to coach, both for nothing or next to nothing, expenses, while I seek a solution," he said.

Guilfoyle refused to confirm rumours that former coach Brian Noble had been earmarked for a return to Odsal and insisted that, although he had received expressions of interest from prospective buyers, nothing had materialised.

He did, however, reveal that he had turned down offers for Bradford players because they were "derisory".

Guilfoyle confirmed that five administration staff have been retained to enable Sunday's match against London Broncos to go ahead while employees in the lottery and the charitable foundation continue to be employed as they are funded independently.

He appealed for supporters to attend in greater numbers and, in response to an offer by members to pay an admission fee, he said: "If season ticket-holders pay again, happy days.

"These are dire circumstances we find ourselves in. The most important thing is to find a buyer and it wouldn't cost a great deal of money, probably hundreds of thousands, not millions."


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