Bradford Bulls enter administration with Super League club 'now on the brink of extinction' It is understood Bradford currently owes £98,000 in PAYE tax from May and the same amount for June, plus an outstanding VAT bill of £250,000 from the sale of the Odsal lease to the RFL, while the monthly wage bill is over £200,000. Guilfoyle, who was at Odsal to break the news of the administration to employees, added: "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." Guilfoyle, who has been involved in the administrations of Leeds United plc, Luton Town, Crystal Palace and Plymouth Argyle, was brought in by the Bradford board to conduct an independent financial review following the departure of Hood and co-director Andrew Bennett. Bradford are the third Super League club to enter administration in the last two years. Wrexham-based Crusaders went into administration in November 2010 after struggling to pay off inherited debt and, although they were readmitted to the league a month later, they were liquidated at the end of the 2011 season. Wakefield spent a week in the hands of an administrator on the eve of last season - and saw three players sold to pay off debts in that time - before local businessman Andrew Glover completed a successful takeover. Both clubs started the season on minus four points as their punishment for breaching the RFL's rules on insolvency, a fate that now looks to await Bradford.