Bleak outlook for Bradford

Will Bradford be able to play on at Valley Parade?

Bradford may only be a week away from going bust, report BBC Radio Leeds.

In a statement, the administrators admitted: "Despite working round the clock, it has not been possible to secure short-term funding."

But they warned: "The club will require significant funding to continue to run during the close season."

All the playing and non-playing staff have agreed to forego all their salaries for the next seven days to help keep the club afloat.

The Bantams - who have reported to have debts of £36m - cancelled a planned meeting with creditors on Friday.

They have also advised their entire playing staff to seek new clubs.

Bradford squad up for sale

The administrators and club officials have until 1 June to convince the Football League the Bantams are capable of fulfilling their entire fixture list next season.

Former chief Gordon Gibb said on Thursday he thought it would be impossible for them to play at Valley Parade, even if it was on a rent-free basis.