Bradford out of administration

Bradford ran up huge debts while in the Premiership

Bradford's hopes for the future were boosted on Friday when an adminstration order was lifted by the High Court in Leeds.

The Bantams went into administration last May after they hit financial troubles following the collapse of the ITV Digital deal.

Administrators were forced to make a number of players redundant as a result and over 30 members of the club's non-playing staff also left.

Former chairman Geoffrey Richmond quit the West Yorkshire club and was replaced by Gordon Gibb last August before the players were paid for the first time in nearly four months shortly after.

PFA pay Bradford players

The club also struck a deal last August with the Professional Footballers' Association to enable them to receive financial help for two years as they attempted to clear their debts.

Managing director Shaun Harvey said at the time: "We're delighted the club's future is now secure and we can stop treading water and swim forward.

"The deal has been finalised with the PFA and consequently we can come out of administration."

Wages joy for Bradford

In December, the Bantams received an injection of £5m to ensure their survival at least until the end of this season.

They received the much-needed cash boost from the Rhodes family - father David is a club director and son Julian is chief executive.

Meanwhile, Bradford have signed Danish goalkeeper Stefan Magnusson and he will be on the bench against Ipswich.

The 22-year-old has joined the Bantams until the end of the season as cover for Aidan Davison due to the injuries to Gary Walsh and Nicky Beach.