RFL still waiting on new Bradford owner

The RFL Board of Directors will meet next week to decide whether to grant membership of the RFL to the new owners of Bradford Bulls.

The governing body has not yet completed the due diligence into the consortium led by Omar Khan and is still waiting to receive the documentation required for the Board to make its decision.

Once the outstanding documentation has been received, the Board will convene to reach a decision on a process which has involved the RFL Executive working closely with the administrator and interested parties on a daily basis over the last six weeks.

RFL Director of Standards and Licensing Blake Solly said: “Whilst it is entirely understandable that Mr Khan has been keen to announce his purchase of Bradford Bulls from the administrator, he is aware that we cannot formally grant membership until we have had sight of information which his bankers will supply on Monday or Tuesday.

“We remain hopeful that this process will reach a conclusion in the early part of next week, allowing Bradford Bulls to enter a new chapter in their history and put behind them the uncertainty of the last few months.

“The prospects for Bradford Bulls have improved significantly following the offer to purchase the club by Super League (Europe) Ltd which stimulated wider interest from prospective owners.

“Since then we have worked long and hard with a number of interested parties leading to the administrator completing his sale of Bradford Bulls to Mr Khan on Friday.

“Whilst we do not anticipate any major problems, it is essential that we make all the necessary checks before granting membership of the RFL to the new owners.”

The RFL Board of Directors will next week to decide whether to grant the new owners membership of the RFL: a decision on which competition Bradford Bulls will participate in from 2013 will be made at a future date.