Wakefield go into administration

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Wakefield go into administration Empty Wakefield go into administration

Post by Adam D on Tue 01 Feb 2011, 4:58 pm

Wakefield Trinity Wildcats are to go into administration to avoid a winding-up petition brought by Her Majesty's Revenue and Customs.

The club are thought to owe more than £300,000 in unpaid tax and, despite talks with four potential buyers, no deal has been reached.

The Wildcats are the second Super League club to go into administration in a little over two months.

And they could now start the new season with an automatic six-point penalty.

That is the statutory punishment, under Rugby Football League rules, for any club entering administration.

But Super League rivals Crusaders received only a four-point penalty when they sought protection from creditors in November, as they agreed to take on some of their existing debt.

This is the third time that the Wildcats have averted a winding-up order in the last two years.
And the Yorkshire club, one of the founder members of the game in 1895, will be hoping that this latest development will not do irreparable damage to their bid to land a new Super League licence in July.

source and full article BBC website http://news.bbc.co.uk/sport1/hi/rugby_league/super_league/wakefield/9383611.stm

Adam D

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Wakefield go into administration Empty Re: Wakefield go into administration

Post by The Cheese. on Tue 01 Feb 2011, 11:17 pm

3rd time in 2 years.

are toulouse ready??

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