"We are extremely grateful to the Super League and to the RFL for advancing us funds to enable us to pay the July wage bill," he said.
The future of the club beyond July 27 now appears to rest with a group of local Asian businessmen, known as the ABC consortium, who have followed up their initial interest by holding talks with the RFL.
Guilfoyle confirmed he had "serious interest" from the ABC consortium but has yet to receive a formal offer.
The businessmen want a guarantee that Bradford will be allowed to keep their place in Super League while the major stumbling block is their insistence that they be given the chance to buy back the Odsal Stadium lease from the RFL before agreeing any deal to take over the club.
The RFL, who paid around £1.25million for the lease in January, are likely to place conditions on the future use of Odsal before agreeing to any deal."
1. I hope the Administrator paid the PAYE and National Insurance to the taxman as well.
2. Scottish football has done the proper thing - Rangers to the third division. The RFL should do the same with the Bulls for next season.