Bradford City players face wage deferral plea
Friday 02 July 2004
Bradford City's administrators have asked the club's players to accept a wage deferral while they try to put a rescue package together with prospective buyers.
The Bantams, with debts of around £30m, faced going out of business if they failed to find £300,000 by 10am yesterday. But after the deadline passed it emerged that several parties had expressed interest in investing. The administrators then postponed the threat.
There was good news, too, for Milton Keynes Dons, who have escaped expulsion from the Football League by coming out of administration.
The former Wimbledon FC spent almost 13 months in receivership and were relegated into the old Second Division. But the formal transfer of ownership to a consortium headed by the music entrepreneur Pete Winkelman took place on Wednesday night, and the club can now start rebuilding.
Sir Brian Mawhinney, the chairman of the Football League, said: "I hope the League's policy of not permitting clubs to begin consecutive seasons in administration helped to focus the attention of all involved."
Latest in Sport
Paul Scholes: Manchester City paid the price for not dealing with Barcelona's Sergio Busquets
Arsenal vs Monaco: Theo Walcott 'involved in spat' with fans after Champions League defeat
Paul Scholes: Jose Mourinho's attempt to influence football's decision-makers is not working. In fact, it may have backfired
Piers Morgan 'hurt' after Arsenal legend Bob Wilson questions his support for the Gunners and labels him a 'pompous individual'
Brooklyn Beckham to be released: Why Arsenal could regret letting David Beckham's son depart
- 1 Scarlett Johansson new band 'already hit with legal complaint' from another The Singles
- 2 Husband and wife die holding hands within hours of each other after 67 years of marriage
- 3 What color is The Dress, white and gold or blue and black? An eyewitness gives a definitive answer
- 5 'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
This is what it's like to be dead, according to a guy who died for a bit
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East