Bradford have been plunged further into crisis after it was revealed the proposed rescue package to save the club is almost certain to fall through.

A creditors meeting, which was due to take place on Friday to vote on the Company Voluntary Agreement (CVA) has been postponed until May 14, giving Bantams' chief executive Julian Rhodes a week to resolve unfulfilled issues of the deal.

Anna Simpkins, spokeswoman for the club's administrators, said that "negotiations are not currently at a satisfactory stage to undertake the creditors meeting".

However she refused to comment on speculation that strong opposition from the Inland Revenue over an unpaid £109,000 bill was one of the sticking points.

Rhodes was not available to comment on the situation, but in a statement on the club's website the club appear to admit the CVA looks doomed to fail.

If that is the case the administrators would have to look for a new saviour for the debt-ridden club, who have been in administration since February.

The statement said: "Discussions with the key stakeholders will continue, in the hope that a successful conclusion can be reached however it is essential that the club is on a sound financial footing before exiting administration.

"As a result, in all probability the CVA will be withdrawn. Should that circumstance arise, the club will remain in administration and continue to trade, subject to a number of critical issues.

"If the process is not at a satisfactory stage by May 14 then the CVA will be withdrawn and the club will remain in administration and continue to trade, subject to a number of issues being resolved."

Bradford manager Bryan Robson admitted that the club's perilous financial predicament had made a big impact on himself and his players as they prepare for their final match of the season at Millwall on Saturday.

"They are very concerned with the situation at the club," said Robson. "The players were looking forward to Friday when they were hoping the CVA would get passed and they would know where they stand.

"You can understand the players' concern because they have families to think about.

"I can't do anything about it at the moment and I'd love to be preparing the squad for next season and talking to possible new signings but because we are in administration I don't want to be wasting their time.

"It is frustrating and I can't make a decision about my future until the club know their future."