Bradford Bulls have announced that they have fallen into administration after failing to receive investment.
Joint administrator for the Super League club Brendan Guilfoyle, who has taken over the stricken club with Chris White from The P&A Partnership, has claimed that the club are in desperate need of investment in order to prevent liquidation.
"We now have just 10 working days to save the club from liquidation because there are no funds to carry on longer," said Guilfoyle. "If there is anyone interested in buying the Bulls then we need to hear from them right now because this is famous club is now on the brink of extinction.
"The directors made every effort to try to save the club within the 14-day timescale issued by the courts but the moratorium ended yesterday without any potential buyer coming forward."
The Bulls confirmed in March that they needed £1m in order to keep the club afloat.
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