Sale confirmed for Bradford Bulls Rugby League club
Bradford Bulls has confirmed that its shareholders have reached a “Conditional Agreement” to sell the entire shares in the club to a UK investor group.
As part of the transaction, Chairman Andrew Chalmers will vacate his post on completion of the share sale. The transaction is subject to the agreement of the Rugby Football League and it is expected an announcement on this will be made shortly.
Chalmers said: “The head of the investor group is well known in rugby league circles having last served as a Director and owner in the Super League. I am confident that the new ownership group will bring the resources, drive and expertise needed to build on the work completed over three years, and continue the path to transition this great club back to Super League, for the benefit of all stakeholders especially the loyal Bulls fans.
“Having completed their due diligence, we now await the RFL’s approval and sanction. It’s also anticipated that the club will be shortly removed from all player signing restrictions. A more detailed statement will follow, including details of an upcoming fans forum.”
