THE Wildcats are expected to go into administration today.
But a deal could be struck with a new buyer to secure the club’s future straight after a High Court hearing where a judge will rule whether an administrator will be appointed.
If the deal is not completed today it could be the end of the club.
Yesterday a spokesman for the Rugby Football League (RFL), which has to approve the buyer, confirmed the club was due to go into administration today and come straight back out of it when the club is bought out.
Last week the Express revealed the club had applied to go into administration to buy it some time from being wound up at London’s High Court on February 2 for non-payment of taxes.
Attempts to raise £500,000 through the sale of shares in time for the hearing had failed.
But chairman Ted Richardson said talks were underway with two multi-millionaire businessmen, who were interested in ‘taking the club forward’.
They were understood to be Andrew Glover of Spirit of 1873, which owns West Yorkshire Windows, and Guiseley AFC director, Steve Parkin.
Peter O’Hara, who is expected to be appointed as the club’s administrator said things were ‘looking promising’ on the eve of the administration hearing.
He said one of the offers had been withdrawn, but would be ‘waiting in the wings’ if the other fell through.
Mr O’Hara said the deal had to be done today because the new season started on Saturday, adding: “If it isn’t then it’s effectively the end of the club.”
Wildcats received their Super League application form last Monday and licences are due to be allocated in July.
Earlier this month club chairman, 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.
l Check our website www.wakefieldexpress.co.uk for the latest on the Wildcats.