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Tuesday, 27 March 2012

Bulls Hope Fans Can Save Club


Bradford Bulls director Andrew Bennett has warned that the club is at "death's door" due to crippling debts.

The Bulls, who have struggled financially for the past few seasons, need to raise around £1million - and at least £500,000 in the next few weeks - if they are to avoid going bust.

And as it stands, the Good Friday clash with Leeds Rhinos could be their last-ever game at Odsal.

Bennett told the Telegraph and Argus:: "We're at death's door. We can stay alive for about two-and-a-half weeks. We could just about, at this moment in time, put the Leeds game on.

"But that could be the last-ever game at Odsal unless money comes in quickly."
Serious

The club have been left on the brink of extinction after a double blow.

Firstly the club had to use the money from the sale-lease of Odsal to the RFL to pay off their long-term liabilities, while the Royal Bank of Scotland has informed the Bulls that their overdraft facility has been significantly reduced.

Chairman Peter Hood added: "I don't think the situation could be more critical. Without the oxygen of cash in our bloodstream we cannot operate.

"We've got to generate a significant sum to survive and we're doing everything we can to achieve that.

"If we haven't got cash then we can't stay alive and if we can't stay alive then we can't fulfil our fixtures. It's that serious."

Bradford are hoping to receive at least £500,000 in pledges from supporters by 5pm on April 6.