Colin Todd has lifted the lid on the financial restraints that shape his job at Valley Parade.

The frustrated Bantams boss decided to speak out as the pressure from fans grows after a rotten run of results.

And he has told Peter Beagrie to keep his nose out after the former City winger questioned his old club on TV.

Todd said: "People outside this football club have to understand the financial aspect is very, very poor. Julian Rhodes is doing his utmost to try to keep this club going and I think they are hard on him.

"Some still expect us to be a money club and we're not.

"Peter Beagrie was getting interviewed on TV the other night and said he couldn't understand why Bradford aren't in a better position because of the wage structure that they have.

"But to say we pay big wages is a load of rubbish. I've had to bring in six loan players so that should tell you."

City have won just twice in 12 games and Todd, in charge since June 2004, has inevitably been targeted by some sections of the crowd. He denies feeling threatened but wanted to stress just how tight the situation remains behind the scenes.

"People outside the club don't know the whole story. There are a lot of things that are swept under the carpet.

"Supporters think this club is rosy and financially sound and it's not.

"I'm making a little bit of an impact by speaking out because there have been one or two grumblings. But that's always going to be the case with our results and the situation we're in.

"At the start of the season I only had about 12 players. So the sooner people realise we can't go spending this or that to improve the team and have to be very selective in what we're trying to do, then the better it is for us all."

Rhodes has given Todd the green light to extend Tommy Black's stay by another month. But the City chairman will wait until the final week of the year before making a decision on the other loan recruits.

Todd added: "If this club was in a position to spend money then we would. But the next best thing is that I have been allowed to bring loan players in.

"But as we see sometimes, the loan players haven't been playing regular first-team football and it catches up with them when they come back."