The Bradford Bulls, one of England rugby league's most successful clubs, has two weeks to avoid liquidation after going into bankruptcy.
With the British government's revenue and customs authority threatening to close the club over unpaid taxes, the Bulls were given until Monday to find new investors. They failed, and on Tuesday they went into administration, the British form of bankruptcy.
"We now have just 10 working days to save the club from liquidation because there are no funds to carry on longer," said Brendan Guilfoyle, one of the administrators appointed from an insolvency firm.
"If there is anyone interested in buying the Bulls then we need to hear from them right now because this famous club is now on the brink of extinction."
In April, Bulls fans raised 500,000 pounds (then $800,000) to pay bills after a bank cut the club's overdraft facilities, but Guilfoyle said 1.2 million pounds ($1.9 million) was still needed to carry the club to the end of the season in October.
Bradford has won the Super League four times since 1996, and the world club championship three times. It was currently ninth in the 14-team league.
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