08.00

Bulls forward Jamie Langley, the club’s longest-serving player: “It’s absolutely devastating.

“Even though rumours were circulating that administration was on the horizon, you still have that glimmer of hope underneath that something might come off.

“Unfortunately it’s not to be. We’ve been told as it stands that there’s nobody there to pump any money into the club.

“We’ve just got to hope and pray somebody comes forward, otherwise the club will be going into liquidation – and there’s nothing we can do about it.

“People have been speculating for a while that it was inevitable and unfortunately the people waiting in the wings with investment have not materialised.

“The worst-case scenario has happened because we’ve gone into administration and unless we find the sufficient funds within the next 14 days, the club is going to go into liquidation.

“They are the cards we’ve been dealt and all we can do is hope and pray that someone is going to step forward with some investment and try and pick the club up.

“Hopefully the club, players and staff can keep their jobs.”

07.45

BullBuilder statement: “Like the rest of the fan base, BullBuilder were extremely disappointed to hear that the Bradford Bulls had entered administration.

“This season has seen remarkable efforts on the Bulls’ behalf by players, staff and the general rugby league community.

“Most of all, the commitment of the supporters in achieving seemingly impossible feats has been outstanding.

“All this has shown how the team’s history and the current Bulls brand are valued throughout the game.

“At the same time, the current excellence of young players coming through the ranks – the very players that BullBuilder was formed to support – shows that the future for a financially stable Bradford Bulls could be very bright indeed.

“We sincerely hope that an investor will come forward to prevent this potential from being wasted and to allow a revitalised Bradford Bulls to reap the benefit.

“We have seen how the Bulls’ players, staff and supporters have pulled together this season. At BullBuilder, we believe that this unity of purpose must be built upon.

“We continue to be firmly behind the survival and success of the Bulls and any party who can take this forward.”

BullBuilder is the name of the Bradford Bulls Supporters Trust. BullBuilder is focused on attracting, developing and retaining young talent in the Bulls Academy.

Mission: To invest in youth players at academy, scholarship and community levels while raising their profile and to build a conduit between the club and the fans.

15.06

Twitter reaction from players and former players:

Bulls forward Ian Sibbit: "Super League wouldn't be the same without Bradford Bulls. Let's hope our great club can be saved."

Former Bulls prop Stuart Fielden: "Pledge was given by all the fans and staff. Even young children gave their pocket money. I hope the bare-faced liars get exposed."

Winger Shaun Ainscough: "Hope someone saves us for the fans and the players and staff, as well as the rugby community."

14.29

Statement from Ernie Benbow, chief executive of leagu3, the Super League Players' Association:

"League3 are extremely saddened to hear the news that Bradford Bulls have entered administration.

"The Bradford Bulls have been at the vanguard of rugby league in the modern era and the uncertainty of the club's future will affect everyone within the Super League community and beyond.

"The news about one of Super League's biggest clubs going into administration is extremely sad for everyone involved. It is the job of leagu3 to provide support and assistance to every player at the Bulls and ensure that their voices are heard.

"I have already been in contact with the RFL and the administrator to ascertain the full situation and will be meeting with the Bulls players at the earliest opportunity.

"Rest assured, leagu3 will support the players through every step of this process and fight for their interests."

Jon Wilkin, leagu3 chairman, said: "leagu3 was created for situations such as this. Without leagu3 the players would not be represented through this process and it is important that their voice is heard.

"Everyone's thoughts within the leagu3 family are with the Bradford players at this difficult time."

Jamie Langley, the captain of the Bradford Bulls and leagu3 committee member, said: "This is a difficult and trying time for all the Bulls' players. We have pressures away from rugby like everyone else and it is worrying for us all.

"The help that Ernie and Jon have provided has been invaluable to us and their continued support and assistance in the coming weeks will be a great comfort for us all.

"Despite the troubles at the club, the players are aware that we continue to represent the Bradford Bulls family and we will continue to give our all for the Bradford shirt regardless of the problems off the field."

14.10

"It's a crisis situation," Guilfoyle tells the T&A.

"Selling players and redundancies cannot be ruled out.

"The situation is really quite grim in the sense that the directors have failed too get the investment they needed to keep the club going.

"I'm unfunded. I don't have very much money. I certainly don't have anywhere near enough to pay the wages for July.

"I suppose I'm lucky in that the June wages are paid but I need someone to come in and fund this club quickly.

"What we are hoping is that the administration will be seen as a positive development by someone who wants to buy the club."

12.38

Super League Players Association chairman Jon Wilkin says: "These are worrying times, not only for Bradford Bulls but for the game in general.

"Everyone seems to be feeling the pinch of the downturn in the economy.

"There is money in the business to cover players' wages but that is running short and should the club go into liquidation, we will look to make sure the players get paid and get new employers in whatever form that may be."

Wilkin says he wanted to see regular financial audits of clubs so players can make informed choices on which club to join.

"The climate can change so rapidly, I think we need regular audits," he says.

12.27

BULLS NOT THE ONLY ONES

Bradford are the third Super League club to enter administration in the last two years.

Wrexham-based Crusaders went into administration in November 2010 after struggling to pay off inherited debt and, although they were readmitted to the league a month later, they were liquidated at the end of the 2011 season.

Wakefield spent a week in the hands of an administrator on the eve of last season - and saw three players sold to pay off debts in that time - before local businessman Andrew Glover completed a successful takeover.

Both clubs started the season on minus four points as their punishment for breaching the RFL's rules on insolvency, a fate that now looks to await the Bulls.

11.40

Guilfoyle says in TV interview that Bulls need to raise £300,000 by end of next week.

10.20

Bradford Bulls have entered administration.

Brendan Guilfoyle and Chris White, from The P&A Partnership, have been appointed joint administrators after the club failed to find the investment needed.

Commenting on the appointment, Guilfoyle said: “We now have just ten working days to save the club from liquidation because there are no funds to carry on longer. “If there is anyone interested in buying the Bulls then we need to hear from them right now because this famous club is now on the brink of extinction.”

Guilfoyle, who was at the club’s Odsal Stadium this morning to give the news of the administration to employees, added: “The directors made every effort to try to save the club within the 14-day timescale issued by the courts but the moratorium ended yesterday without any potential buyer coming forward.”

White and Guilfoyle are partners at The P&A Partnership, a leading specialist business turnaround and insolvency firm with offices across the UK and in London. Guilfoyle specialises in sports’ administrations and has been involved in the administrations of Leeds United plc, Luton Town, Crystal Palace and Plymouth Argyle.