The team ended its effort to become a viable part of national hockey after a season and a half since the first game was played at the Cow Palace in October 2012.
"We want to thank all of our fans for your support and loyalty over the last two seasons," said Pat Curcio, president and head coach of the Bulls. "It's been a memorable time, and we've especially appreciated all of your positive feedback over the past week."
The team was hoping to secure new ownership, however the terms of an updated deal were unable to be finalized.
"We had a great opportunity come to us that would've kept the Bulls in San Francisco at least through the end of the 2014 season, with potential for future seasons, but we ran out of time to complete all ends of the deal," Curcio said. "At this point, the best thing to do financially is to reluctantly end the season. We will miss playing here, miss our fans, and miss this city."
The Bulls finish the season at 15-20-5 with 32 games left un-played in the season. Having made the playoffs in their first season, they were still in the running to make it again in 2014.
"Bringing hockey to San Francisco was a dream," Curcio said. "We have great talent on our team, and had a great vision for what the team could be. Things didn't pan out the way we had hoped. It's sad, and disconcerting, but we're unfortunately left with no other choice at this point."
The Bulls had an unofficial relationship with the San Jose Sharks, and several Sharks players also played with the Bulls.
For fans that have already purchased tickets to upcoming games, the Bulls' staff will take requests for refunds up until Feb. 28 via email only at firstname.lastname@example.org/