Survival hopes fade for Bradford City

Link: Administration looms again for Bradford City

A last ditch salvage attempt got underway on Friday, with staff deferring wages and the club’s local paper, The Telegraph & Argus, donating £10,000.

But administrators warned that without a significant injection of cash the club could close its doors in ‘as little as seven days’.

They told fans that they needed to raise £100,000 by the end of June to keep Bradford going through the closed season.

Kroll appealed to anyone interested in purchasing or investing in the club – which has debts of £30m – to contact them as a ‘matter of urgency’.

A meeting to arrange a creditors voluntary agreement had been scheduled for Friday last week, but the proposal was withdrawn after administrators said the club was ‘still not on a sound financial footing’.

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