Super League: Prospective new owner withdraws bid for Bradford after six-point deduction
Bradford Bulls have been docked six points by the Rugby Football League for going into administration last month.
Last Updated: 26/02/14 11:34am
It is the second time in two years that the Bulls have been forced to forfeit competition points after breaking the governing body's insolvency regulations.
In July 2012 the club were also docked six points, which ultimately cost them a place in the end-of-season play-offs as they finished three points behind eighth-placed Wakefield.
This time the sanctions could cost Bradford their place in Super League, with two clubs relegated at the end of the current season.
The Bulls lost their first game to Castleford before beating Wakefield but will start round three on minus four points.
A statement read: "The RFL Board of Directors has today ruled that Bradford Bulls will be deducted six points - the equivalent of three competition wins - as a penalty for entering into administration in January 2014.
"The board's decision follows a full assessment of the circumstances surrounding the club's administration, which followed a similar insolvency event by Bradford Bulls in June 2012.
"The points will be deducted with immediate effect. The points sanction was applied under RFL Operational Rule 4."
In a further blow to the Odsal club, chairman Mark Moore withdrew Bradford Bulls 2014 Limited's offer to buy the club out of administration.
The new holding company's representatives, which included Moore, financial director Andrew Calvert, managing director Ian Watt and chief executive Robbie Hunter-Paul, had a bid to purchase the club accepted by the administrator last week but took back the proposal after learning of the RFL points penalty.
Moore said: "It is with great sadness and frustration that we have been led to this point.
"I believe that we have been forced into making this decision, due to the Rugby Football League's proposed sanction of a six-point deduction, making relegation almost a certainty.
"In addition, the governing body wished to place the club's licence into special measures, which, as successful businessmen, will likely taint our personal dealings while embarrassing us all professionally."