Bradford City in administration

Bradford is £13m in the red

Bradford City have gone into administration just a year after being relegated from the Premier League.

The club was granted a limited order by the High Court in Leeds and will have its position reviewed in July.

Bradford is one of the 72 football clubs affected by the collapse of ITV Digital, which owes £178.5m in television rights fees to the clubs via the Football League.

Bradford City's share would have been approximately £5m.

Tax bill

And another two years of paying its leading player Benito Carbone's £40,000 a week contract would have added a further £5m to the club's debt.

At the court hearing the club also said it owed the Inland Revenue £400,000.

Mr Justice Blackburn warned Bradford City that if the administration was not a success, it would be the end of the club.

At its recent annual meeting the club admitted it was nearly £13m in the red.

In a statement on the Bradford City's website, the chairman Geoffrey Richmond said: "On the positive side the administrators have confirmed that they will be seeking to achieve a speedy sale of the club,"

A supporters' meeting is being held on Thursday evening where Mr Richmond said questions would be answered on a face to face basis.