Stories on Tuesday morning suggested that the cash-strapped Stobart Super League club were not able to meet their commitments to paying their players as they continue to look for a buyer, but while Guilfoyle does admit to a minor delay in the transferring of funds, he expects the players to receive their wages over the course of the next 24 hours.
He said: "We alerted the players to the fact that their wages might not be paid on time last night, because our funding at the moment is coming from Super League (Europe). However, the players will be getting their wages today or tomorrow."
He added: "While there was a delay, we told the players of this but also told them they would still be paid. Reports of non-payment are not true. I am disappointed that a confidential note to the staff of the club has been made public."
The professional players association, 1eagu3, are unhappy at the lack of communication between Guilfoyle and the Bradford squad.
The organisation's chairman Ernie Benbow is particularly upset about the fact the players found out about a non-payment issue late Monday night, when they could have been told some time ago.
"The players are incensed," he said. "They had communication late last night about late payment. I understand now that it has been resolved, but where is the communication?
"The administrator went public about this over two weeks ago, saying that the wages might not be paid in August. Two weeks later the players hear about it. You can't go around telling the press but not the players.
"They have a right, whether or not they are sportsmen or they do a normal job. Nobody seems to want to talk to the players. The matter may well be resolved now but if they don't work with us, what can we do? It's an utter disgrace."
Guilfoyle is continuing to work with the Rugby Football League as he looks to find a buyer for the club, and is due to meet with them on Wednesday afternoon to present the latest offers.