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Bradford City were threatened with closure on July 2nd unless they found £300,000 to pay rent on their Valley Parade ground which is owned by pension fund Gordon Gibb, one of the club's shareholders. At the last minute a number of investors expressed interest and the administrators decided to let the club survive. Players have now been asked to accept a deferral of wages. Because of the unresolved rent issue it has not been possible to put season tickets on sale to generate income. Money raised by supporters had been exhausted in paying wages until the end of June. The club's debts total £30m and Bradford could still become the first club to be expelled from the Football League for insolvency since Maidstone United in 1992.
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