RFL Statement On The Bradford Bulls : Fri Oct 25, 2019 3:07 pm
RFL Statement on the #BradfordBulls The RFL Board, chaired by Simon Johnson, has reviewed both the chronology of the purchase of the head lease of Odsal stadium in 2011, and of the three historic insolvency events at Bradford Bulls.
Simon Johnson, RFL Chair: “The Board has received and reviewed a detailed chronology of decisions relating to both the purchase of Odsal, and the three administrations at the Bradford club since 2011.
“The Board consists of a majority of independent directors, none of whom were in post in 2011. Our independent and objective conclusion is that on the basis of the detailed chronology, the decision to purchase the head lease of Odsal stadium in 2011 was reasonable; professional advice was sought and taken; and the decision was communicated to the RFL Council.
“Odsal is currently mothballed, following the decision by Bradford Bulls to leave. The Board is working with the club to ensure that a return to the stadium in 2021 remains an option; whilst continuing positive discussions with Bradford City Council on a Development plan for the site; and exploring options around the sale of the Governing Body’s interest in the stadium.
“The Board has acted in the best interests of the game when making decisions relating to the approval of purchasers following insolvency events, and decisions have been taken in accordance with the prevailing rules and regulations.”
The Board also discussed the recent transfer of ownership of the Bradford Bulls, following the sale of shares from the previous owner to new owners, which required and received Board approval.
Simon Johnson: “The recent approval of a transfer of ownership of the club includes a minority shareholder with interests in another rugby league club. This is fully in accordance with the current Rules and Regulations relating to the ownership of clubs which was discussed and received by clubs, most recently in May of this year.”