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Khan bullish on Bradford administration 31 July 2013

Rugby league side Bradford Bulls are not on the brink of another administration, according to owner Omar Khan.

Khan confirmed the club are experiencing a “temporary funding issue” which will see players and staff go unpaid until 8 August. Wages had been due to be paid on 28 July.

In a statement on the Bulls’ website, Khan said: “I would like to dispel all rumours and confirm that the club is not going into administration.

“I have always taken the approach of open transparency. I will say that we are at this time experiencing a temporary funding issue and as such it transpires that we will not be able to pay the wages until Wednesday 8 August.

“We have made every endeavour to minimise the effect on all concerned and I would like to emphasise that this is a temporary issue that does not affect the future of the club, its players or its staff.”

Khan also said there would be “some big announcements ready to make in the coming months that will excite and encourage all of the Bulls supporters”

Khan completed the acquisition of Bradford Bulls in September 2012 after the club spent two months in administration.

Bradford Bulls entered administration in June 2012, following an unpaid tax bill and a changed banking lending arrangement left the club needing over £1m to stay solvent.

On 25 July 2013, Khan announced a managerial re-structuring of the club, based on “maximising the financial potential at the club.”

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