Owner Peter Doyle and administrators RSM Robson Rhodes are set for crucial talks with creditors and major shareholders on Monday about entering into a Creditors Voluntary Agreement.
Parkin and Ford will vote against CVA
Owner Peter Doyle and administrators RSM Robson Rhodes are set for crucial talks with creditors and major shareholders on Monday about entering into a Creditors Voluntary Agreement.
The move is intended to structure the club's debts, establishing a repayment hierarchy on repayments.
Parkin and Ford are adamant they will be voting against the proposal.
"The administrators sent Steve and I a letter telling us we were preferential creditors and we would get money owed to us when a new owner was found," Ford said.
"But about 10 weeks later we received another letter claiming they've changed their minds, and we will not be getting our money with the other major creditors, which means the door will be locked in our faces."
When the duo took over at Barnsley in November 2001, they had a clause in their contracts protecting their assets should they be dismissed.
But they were sacked 12 days after the club went into administration and claim the clause was then nullified, leaving them facing joint losses of £140,000.
"This is absolutely no way to run a club," added Ford.
"It is a cheap get-out-of-jail-for-free way of doing things.
"If they don't get the vote to agree to the CVA, it is difficult to see where Barnsley can go from there."
Parkin added: "I don't want to see Barnsley go out of business, but what reasons do I have in favour of voting for them to enter into a CVA? None."