WAKEFIELD Wildcats have announced at 1pm today that the club has requested to go into administration.
The Super League club has revealed that they’ve been unable to raise the funds necessary to pay off a tax bill owed to HMRC.
Wildcats had been due in the High Court tomorrow after being issued with a winding-up order by HMRC over the unpaid bill.
But they’re now set to appoint Peter O’Hara as administrator to avoid being wound-up.
The news means Wildcats are also set to be docked points for breaching the RFL’s insolvency regulations.
The club has issued the following statement: “This announcement is to confirm that the board has today requested that the Court appoint O’Hara’s as the administrators of the Company.
“Despite our efforts and those of a number of our fans we have not been able to secure the funds necessary to pay the amounts due to HMRC and so the Company was facing a winding up petition which would have potentially meant the end of the Club that we all love.
“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.
“We are working with a number of parties who have already expressed an interest in securing the future of the Club, its position in the Super League and the benefits that it brings to the local Community.
“We wish to see the future of the Club resolved as quickly as possible so that the Wildcats can enter the 2011 Super League season with stable financial and commercial foundations. With the right ownership and support from the fans and local community we are confident that the Club will have a bright and successful future.
“We are also very optimistic that any new owners will have strong local links as well as being proven enthusiastic supporters of sport in the Wakefield area.
“The Company’s board would like to pay tribute to all our loyal fans and thank them for their support and patience over many seasons. In the same way, we are very proud of all the players, coaching personnel, staff and volunteers who have worked so hard to maintain the clubs super league status over the past 12 seasons and given the fans the memories they have enjoyed over these years.
“Every member of the board is willing to help any new owners in whatever way they wish during the transition as every one of the board members has, as always, the best interests of the Club at heart. However, we recognise that new owners will wish to bring in their own business teams to move the Club forward.
“The appointment of the administrator is expected to be confirmed on 7 February 2011 at the end of the statutory notice period.
“All expressions of interest in the future of the Company or the Club should be addressed to Peter O’ Hara of O’Hara’s at the Club’s Belle Vue address.
See Friday’s Wakefield Express for all the latest updates and reaction.