WAKEFIELD Trinity Wildcats have been bought out by Spirit of 1873 Ltd, led by local businessman Andrew Glover.
The deal was announced shortly after the club entered administration on Friday and is subject to the Rugby Football League (RFL) issuing written confirmation that Mr Glover passes its ‘fit and proper person’ test.
Mr Glover, whose company Yorkshire Windows is a shirt sponsor of the Wildcats, became the front-runner to take over the club after Yorkshire businessman Steve Parkin withdrew his interest in proceeding with a bid on Thursday evening.
A statement issued by the club said “The deal will secure the Wildcats’ long-term future and give this historic club a fresh start under Spirit of 1873’s ownership.
“At the core of our plans is securing the financial stability which will allow us to support the team on the field and give our loyal fans the experience and success they deserve.
“The terms of the agreement will see the club playing at its long-time Belle Vue home in 2011.
“A number of details still need to be finalised and we have a lot to do to get started, but we will make further announcements shortly to provide you with more information about the company and the way we are looking to run the club.
“However, Spirit of 1873 re-confirms that, as set out in its February 1 press release, under the deal agreed today all existing memberships, season tickets and sponsorship deals will be honoured for the coming season.
“We are looking forward to working closely with our club’s famously loyal fans, the wider Wakefield community and all our sponsors and supporters to build a stable, commercially viable and successful future for this great club.”