The club has announced it will hold a meeting with creditors at the Bradford and Bingley Stadium on May 7 when administrators are expected to present a plan for a repayment schedule under a Company Voluntary Arrangement. If creditors turn that down, City could go out of business.
Managing director Shaun Harvey told the Telegraph and Argus:``At least now, with a fixed date in place, we can speak to those parties with a major influence on the outcome.''