The Bulls will receive a helping hand from the RFL in their search for new investment – but there is no prospect of financial assistance from Red Hall.
Chairman Peter Hood has said that all cash would have to come from supporters, sponsors and potential investors as opposed to bank loans.
The game’s governing body will assist the club in their quest to stay alive but they will not be lending the Bulls any more money.
Blake Solly, the RFL’s director of standards and licensing, told the T&A: “The RFL is not in a position to advance or loan the club any further funds and there is no prospect of that changing.
“We’re not a financial institution, we’re not a bank, and we don’t have access to unlimited funds. We have a cash-flow we have to protect.
“But what we are doing is working with Peter Hood and Ryan Duckett on a day-to-day basis.
“We’re not just sitting here and hoping – we’re working hard with Bradford and any potential investors to make sure that the club survives.”
The Bulls will be forced to enter administration if they fail to raise the £1million they say they need to save themselves.
Solly said: “The Bulls have issued their challenge to supporters to pledge and we’re fully supportive of that.
“We encourage everyone who cares for the club to support the scheme. The club and the directors believe that their pledge will be successful and we’re supporting that pledge.
“Ryan and Peter are hopeful that there will be investors coming forward, so we will be at the ready to meet with anyone that they can send our way.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel