Bradford Bulls Takeover Deal Agreed with Local Restaurant Owner
By Community | September 3, 2012
Bradford Bulls are on course to return back to stability after it was announced Bradford restaurant owner Omar Khan had agreed a deal with the administrators to takeover the club.
Brendan Guilfoyle, partner at the Leeds-based P&A Partnership and joint administrator at Bradford since June 26, revealed in a statement that he had completed the sale of Bradford Bulls Holdings Limited to OK Bulls Limited for an undisclosed sum.
The sole director of OK Bulls Limited is Omar Khan, who owns the award-winning Bradford restaurants and catering business under his name. Gerry Sutcliffe, MP for Bradford South and a former Sports Minister, is also involved with the business.
Khan tweeted: “Omar Khan’s and Gerry Sutcliffe Save the Bradford Bulls and are the new owners of the club.”
However, former UK Sports Minister Gerry Sutcliffe – who is part of the consortium – has warned that it will take up to two years to revive the fortunes of the rugby league club.
Sutcliffe, who now serves as an MP for Bradford South, told Press Association Sport: “We believe that, if we are able to put our business plan in place with Super League membership, it will take two years to turn it around and that’s with goodwill and the support of all the partners we need to have on board.”
The new regime did not kick off with the best start on Saturday. The Bulls were on the wrong end of a record 70-6 defeat to Hull FC.
The Bulls entered administration on 26th June, with the Rugby Football League having since attempted to secure new owners for the club.