BRADFORD’S situation was described as “grim” by the man brought in to save the club from liquidation.
The ailing Super League club today entered administration in an effort to avoid a winding-up petition brought by HM Revenue & Customs over an unpaid tax bill of £300,000.
Brendan Guilfoyle, from insolvency firm The P&A Partnership, who has been appointed as joint administrator, says he has just 10 working days to find a buyer and may have to listen to offers for players to bring in short-term cash.
“It’s a crisis situation,” Guilfoyle said. “And 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.”