THE WILDCATS were given more breathing space to winding up moves when their case was adjourned at London’s High Court today (WEDNESDAY).
Mrs Registrar Derrett adjourned the hearing for 14 days, after the club announced yesterday that it was applying to go into administration.
Lawyers for the administrators O’Hara’s said that the administration application was due to be heard on 11 February.
The case will return to court on Wednesday, February 16.
Yesterday club officials said: “Having run the club for 20 years, we have no wish to see its great history and traditions disappear, and so we have no choice but to seek the appointment of an administrator to give the club protection from its creditors.”
Last week the club were issued with its third winding up order from Her Majesty’s Revenue and Customs during the past 12 months for non-payment of taxes.
But Wildcats officials said they were close to striking a deal which could save the cash strapped club. And also yesterday Andrew Glover, of Spirit of 1873 Limited, said he had made an offer to buy the cash-strapped club.
Mr Glover also owns West Yorkshire Windows Limited, which sponsors the club’s shirts.
The club had been desperately trying to raise £500,000 through the sale of shares, to save it from financial ruin.
Earlier this month Mr Richardson said the government call in of the planning application for the £19m Newmarket Stadium, which will now be the subject of a public inquiry, was to blame for the club’s financial problems, because it had been expecting to get £350,000 from developers Yorkcourt Properties Ltd once planning permission was granted.