Bradford City administrators were today confident the club would still come out of administration, despite a last-minute appeal by one of the club's major creditors to its rescue plan.

Former chairman Gordon Gibb's pension fund, which owns the Valley Parade ground, has lodged an objection to City's Company Voluntary Arrangement.

The case is expected to be heard at the High Court on Wednesday, October 6.

The action has come within hours of the end of a 33-day objection period.

Mr Gibb, who runs the Flamingoland theme park in North Yorkshire, confirmed to the Telegraph & Argus that he had lodged the appeal after claiming that negotiations with City's former chief executive Julian Rhodes had stalled. Mr Gibb said he was also unhappy with the voting process agreed when the CVA was put in place last month.

"The preferred course of action from my point of view was to ensure that the future of the club was as safe and secure as possible. We're now in a predicament," he said.

"Our concern is that this is all a wheeze not to pay rent for the foreseeable future to the detriment of the pension fund."

Today Mr Rhodes said: "I have no intention of conducting negotiations through the media.

"However I would like to urge all supporters and those connected with the club not to panic at this time."

Kroll, the club's administrators, said the CVA had been approved at a meeting on August 19 by 78 per cent of creditors meeting the 75 per cent requirement for a successful proposal.

Its spokesman Neil Brackenbury said: "Even when a CVA proposal gains the required support of creditors, a creditor has the right to object to the court on the basis that the proposal treats them unfairly.

"The ability to seek court clarification on the proposal is an effective check and balance to ensure a creditor has not been treated unfairly.

"However, in this instance, we believe that the approved proposal treats the body of creditors fairly and we do not believe that the objection has any merit. We look forward to the court's decision, which we believe will agree with us."

Mr Gibb's decision to lodge an appeal could actually delay the rental payments on the stadium being paid to the pension fund as legally any rental arrears must be settled in order for the club to come out of administration.