Neil Brackenbury and Mike Moore, joint administrators from Kroll, described the approval of the plan by the required 75% of creditors as a ‘significant’ step towards securing the future of the club, but they warned that a number of conditions remained to be fulfilled. They also praised employees and players for ensuring the club’s survival by accepting wage deferrals.
Brackenbury said: ‘Today’s meeting was an important step towards securing the future of Bradford City Football Club and we are very pleased that the CVA proposal has gained the necessary support from creditors.’
‘We will now be working closely with the new owners to fulfil the conditions upon which the proposal depends. In particular, to obtain the Football League’s agreement that Bradford City remains a Coca-Cola League One club. We have every reason to believe they will agree to do this.’
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children