This is my home town club, and it is sad.
All due to the ITV Digital saga
Wonder how many more are gonna go under ?
Bradford City have gone into administration just a year after being relegated from the Premier League.
The club were granted a limited order by the High Court in Leeds and will have its position reviewed in July.
Bradford are one of the 72 football clubs affected by the collapse of ITV Digital, which owes the three lower divisions £178.5m.
Bradford City's share of those television rights would have been approximately £5m.
And another two years of paying its leading player Benito Carbone's £40,000 a week contract would have added a further £5m to the club's debt.
At the court hearing the club also said it owed the Inland Revenue £400,000.
Mr Justice Blackburn warned Bradford City that if the administration was not a success, it would be the end of the club.
At its recent annual meeting the club admitted it was nearly £13m in the red.
"On the positive side the administrators have confirmed that they will be seeking to achieve a speedy sale of the club," chairman Geoffrey Richmond told the Bradford website.
A supporters' meeting is being held on Thursday.