Brendan Guilfoyle, the administrator searching for a buyer for ailing Super League club Bradford, says he is "hopeful" of receiving an offer before Tuesday's deadline.

The Leeds-based Guilfoyle is in "active discussions" with a group of local businessmen who have expressed an interest in taking over the Bulls but warns the club have reached the "crossroads".

"I'm talking to a consortium of Bradford businessmen," he told Press Association Sport on Monday. "We've just adjourned because we're tired and we're going to have a coffee. We'll re-convene when all interested parties will be there."

Although the Rugby Football League on Friday insisted they had fielded two serious expressions of interest from potential buyers and had passed on the details, Guilfoyle believes there is only one serious candidate, unless someone comes in with a late offer.

Guilfoyle met the consortium during Sunday's game against London Broncos, which was also attended by the leader of Bradford Council, Clr David Green.

"I believe I've got someone who is very interested in buying the club," he added.

"What they're concerned about is the level of losses going forward and they're giving it due diligence.

"Whether they make an offer or not, I don't know but I'm fully engaged in active discussions and I'm hopeful.

"I'm not pinning all my hopes on this but I don't see too many other options out there."