Bulls Back In The Black For The First Time In Eight Years
The Bulls were delighted to announce to shareholders last week, they were back in the black for the first time in eight years.
Chairman Peter Hood has confirmed that the club made a pre-tax profit of 222,564 pounds in 2006 after recording operating losses since 1999. Hood had hoped to have Bradford working in profit by the end of this year, but the club achieved the feat 12 months earlier than expected.
"It's a real improvement," he said. "Taking into account the 2005 figures, it's a half-a-million pound turnaround and a very welcome improvement in our financial performance. We've done it faster than we thought and the management and staff are to be congratulated on an excellent team display. The challenge now though, going forward, is to continue making profits while remaining competitive."
The 440,000 world-record transfer of Stuart Fielden to Wigan will have boosted the Bulls coffers significantly last year but Hood would not put the club's financial success down to that one single factor.
"It's true money came in from that sale but it is not as simple as that," he said. "At the same time we did pay out transfer fees ourselves for David Solomona and Michael Platt."
Now the club is back in the black, the real test will be if they can maintain their sucess both on and off the field throughout the coming seasons.
"The key measure of company success is maintaining profitability rather than winning trophies but we want to do both and that's the challenge to us as a board. We won't be sitting still."
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Bulls Back In The Black For The First Time In Eight Years
