Wednesday, 11 July 2012
Bradford Bulls have been granted a stay of execution as administrator Brendan Guilfoyle agreed to extend the deadline to save the troubled Super League club.
Guilfoyle had threatened to put the Bulls into liquidation at midnight on Tuesday unless a buyer came forward.
But, with a consortium of local businessmen showing an interest in saving Bradford, Guilfoyle announced an extension of the club's administration by another 12 working days until July 27.
The Bulls' administrator also asked the Rugby Football League (RFL) to advance funds to cover the players' wages for this month, which are due this week.
If the RFL reject that request, Guilfoyle is likely to consider liquidation.
Bradford were due the next monthly instalment of central funding from the RFL's Sky television deal next week but the players' wages, thought to amount to more than STG200,000 ($A306,000), are supposed to be paid on Friday.
Guilfoyle becomes legally liable for the wages after a fortnight in administration and revealed last week that he had only around STG20,000 in the bank to cover the payments.
"We have approached the RFL to ask if they would advance payments to the club to enable us to pay July's wages for retained staff and players on Friday," Guilfoyle said.
"They have agreed in principle subject to due diligence. We are very grateful for all their support - they have seconded a finance team to help us respond to all the requests for information."
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