Expressions of interest invited for Bradford Bulls

Published on: 21st November 2016

Following the appointment of Administrators to Bradford Bulls (Northern) Limited (BBNL) on 14 November, we are inviting serious expressions of interest for the club by the close of business on Friday 25 November 2016.

Gary Pettit and Gavin Bates of PBC Business Recovery were appointed as Joint Administrators to BBNL and are presently working closely with the Rugby Football League (RFL) with a view to achieving a swift and satisfactory outcome for all connected including the club staff, supporters, sponsors and creditors.

The club occupies the Provident Stadium under the terms of a lease from the RFL. The stadium itself has an official capacity of 27,500 including seated and terraced spectator areas together with a purpose built, 12 year old stand providing two storey corporate hospitality / function accommodation suitable for a variety of sporting / non-sporting related events.

Neil Bestwick, partner in our Leeds asset advisory team said:

“There has been a good level of initial interest shown in the club upon news of the appointment of Administrators and we are providing additional information to assist with due diligence. The Administrators are inviting written expressions of interest by 12 noon Friday 25 November with a particular emphasis on understanding relevant credentials for an opportunity of this nature which will also be of interest to the RFL and crucial to its support going forward.”

Further information is available on request. Click here to view Neil's contact details.

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Asset Advisory

With one of the country’s largest dedicated teams of surveyors and valuers, we have more than 25 years of experience in the corporate recovery and turnaround sector providing specialist advice on property, plant and machinery assets and corporate recovery and restructuring. Our teams react swiftly and effectively to all forms of recovery situations, whether these involve one local entity or multiple locations spread across a wide geographic area. We offer a full service from confidential, initial pre-formal insolvency appraisal, through formal valuation, to realisation of the assets via private treaty, tender or auction sale. Our partner led team act regularly as Fixed Charge and Law of Property Act Receivers, in relation to both property and plant and equipment. Contact Us

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With one of the country’s largest dedicated teams of surveyors and valuers, we have more than 25 years of experience in the corporate recovery and turnaround sector providing specialist advice on property, plant and machinery assets and corporate recovery and restructuring.

Our teams react swiftly and effectively to all forms of recovery situations, whether these involve one local entity or multiple locations spread across a wide geographic area.

We offer a full service from confidential, initial pre-formal insolvency appraisal, through formal valuation, to realisation of the assets via private treaty, tender or auction sale.

Our partner led team act regularly as Fixed Charge and Law of Property Act Receivers, in relation to both property and plant and equipment.

Contact Us

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Wakefield's Belle Vue stadium sold to new owner

Belle Vue Stadium, the 120-year old home of the Wakefield Trinity Wildcats, has been sold to 88m Group for an undisclosed sum. The sale of the stadium was managed on behalf of Peter O’Hara of O’Hara & Co, acting as Fixed Charge Receiver by our Leeds office.

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Belle Vue Stadium, the 120-year old home of the Wakefield Trinity Wildcats, has been sold to 88m Group for an undisclosed sum.

The sale of the stadium was managed on behalf of Peter O’Hara of O’Hara & Co, acting as Fixed Charge Receiver by our Leeds office.

[fulltext] =>

The stadium was sold after several months of strong interest, having been marketed initially at a guide price of £600,000. It will continue to serve as the Wildcats’ home, and was purchased subject to a lease to the club.

The Chairman of the 88m Group commented: “We’re delighted to have purchased the historic Belle Vue Stadium and we are looking forward to working with the local council, supporters trust and the club to ensure its future in Wakefield.

“The Wildcats, in one guise or another, have been an integral part of the city’s identity for decades and I look forward to its continued role in the area.”

Belle Vue comprises a 5.8 acre site located on Doncaster Road, one mile south of Wakefield city centre, and has been home to the Wakefield Wildcats since the late 1800’s.

Neil Bestwick, a partner in our Asset Advisory team said: “It’s great to see Belle View under the stewardship of an organisation that wants to see it thrive.

“There has been continued speculation about where the Wildcats will be based going forward and the purchase by 88m Group not just of the stadium itself but the adjoining former Superbowl site has revealed exciting new multi million pound plans for a new state of the art community stadium with student accommodation & retail park.”

The Leeds office of Addleshaw Goddard acted as legal advisors for the receiver whilst Addlestone Keane acted on behalf of 88m Group.

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Associated specialist advice

Sanderson Weatherall offers a full range of property services via its multi-disciplinary staff and group office network.Many of these specialists have direct and “hands on” experience of working with our Asset Advisory & Recovery teams and are thus fully aware of the nuances of working in this specialist sector. Asset Advisory & Recovery teams typically call upon the following associated disciplines:   Machinery & Business Assets Building Consultancy Business/Empty Rates Advice Town Planning Property Management Landlord & Tenant Leisure property experts Contact Us

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Sanderson Weatherall offers a full range of property services via its multi-disciplinary staff and group office network.
Many of these specialists have direct and “hands on” experience of working with our Asset Advisory & Recovery teams and are thus fully aware of the nuances of working in this specialist sector.


Asset Advisory & Recovery teams typically call upon the following associated disciplines:

 

  • Machinery & Business Assets
  • Building Consultancy
  • Business/Empty Rates Advice
  • Town Planning
  • Property Management
  • Landlord & Tenant
  • Leisure property experts

Contact Us

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