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Latest news in brief (and if my understanding is correct !)
The review of their finances has shown they need a further £1.2 million to end of year to survive.
To fend off the Revenue, Bradford have stated their intention of applying for administration.
This gives them 2 weeks to find a benefactor or funding for the £1.2 million. If they manage this, they can withdraw from administration.
So it looks as though the new board is finding it more difficult than they thought to get the money in. In which case I suppose it is still possible that they may sell players, eg Bateman.
The review of their finances has shown they need a further £1.2 million to end of year to survive.
To fend off the Revenue, Bradford have stated their intention of applying for administration.
This gives them 2 weeks to find a benefactor or funding for the £1.2 million. If they manage this, they can withdraw from administration.
So it looks as though the new board is finding it more difficult than they thought to get the money in. In which case I suppose it is still possible that they may sell players, eg Bateman.
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