Crusaders enter administration
12th of November 2010
Crusaders RL have gone into administration, the Wrexham-based Engage Super League club revealed today.
The club shareholders took action at the High Court of Justice in Leeds to prevent the club from being wound up by creditors, who are thought to include HM Revenue and Customs and former owner Leighton Samuel.
The club say they inherited a significant debt when they made the move from Bridgend to Wrexham a year ago, which made the business untenable, but they hope to re-form and continue in Super League in 2011.
Joint administrator Peter O’Hara said: “There was a high level of support and enthusiasm towards Super League rugby in its first season in Wrexham which exceeded the club’s expectations.
“We are currently pursuing a number of options and are talking to interested parties and the RFL in the hope that a solution can be found to the club’s current difficulties which would enable it to go forward and maintain rugby league in Wales.”
The other administrator, Simon Weir, confirmed that the club’s players will not become free agents but could in theory be sold to help pay off the debts, although that is an unlikely outcome.
“It’s early days but in simple terms we will be looking to sell the club’s assets so that it can continue,” he said. “I have already had approaches from two sets of interested parties.
“We are looking to complete the sale by the end of November.”
Crusaders are currently the subject of a winding-up petition brought by HMRC, which was adjourned earlier this week, while the GMB Union recently revealed they are taking action on behalf of players over alleged missing pensions payments.
In going into administration, the club may be deducted six points if they do start the new Super League season after breaching the Rugby Football League’s insolvency regulations.
Under the coaching of Brian Noble, Crusaders experienced a dramatic upturn in fortunes in north Wales, going from the wooden spoon to the play-offs in 12 months and enjoying a significant increase in attendances from an average of 3,603 in their inaugural season at the Brewery Field to 4,616 at the Racecourse Ground.
Wales coach Iestyn Harris was this week unveiled as Noble’s successor and promptly announced the signings of his former Bradford Bulls team-mates Stuart Reardon and Paul Johnson as he looks prepares for 2011.
A spokesman for the RFL said they were monitoring the situation but did not expect to make any comment until early next week.
“We are in dialogue with the club and will be speaking to the administrators in due course,” he said.
Crusaders RL Super League
Crusaders enter Administration
Started by
Penfold7
, nov. 12 2010 09:15
4 replies to this topic
#2
BOLTON ROUGHYED
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Physio
Posté 13 novembre 2010 - 07:09
QUOTE (Penfold7 @ Nov 12 2010, 09:15 PM) <{POST_SNAPBACK}>
Crusaders enter administration
12th of November 2010
Crusaders RL have gone into administration, the Wrexham-based Engage Super League club revealed today.
The club shareholders took action at the High Court of Justice in Leeds to prevent the club from being wound up by creditors, who are thought to include HM Revenue and Customs and former owner Leighton Samuel.
The club say they inherited a significant debt when they made the move from Bridgend to Wrexham a year ago, which made the business untenable, but they hope to re-form and continue in Super League in 2011.
Joint administrator Peter O’Hara said: “There was a high level of support and enthusiasm towards Super League rugby in its first season in Wrexham which exceeded the club’s expectations.
“We are currently pursuing a number of options and are talking to interested parties and the RFL in the hope that a solution can be found to the club’s current difficulties which would enable it to go forward and maintain rugby league in Wales.”
The other administrator, Simon Weir, confirmed that the club’s players will not become free agents but could in theory be sold to help pay off the debts, although that is an unlikely outcome.
“It’s early days but in simple terms we will be looking to sell the club’s assets so that it can continue,” he said. “I have already had approaches from two sets of interested parties.
“We are looking to complete the sale by the end of November.”
Crusaders are currently the subject of a winding-up petition brought by HMRC, which was adjourned earlier this week, while the GMB Union recently revealed they are taking action on behalf of players over alleged missing pensions payments.
In going into administration, the club may be deducted six points if they do start the new Super League season after breaching the Rugby Football League’s insolvency regulations.
Under the coaching of Brian Noble, Crusaders experienced a dramatic upturn in fortunes in north Wales, going from the wooden spoon to the play-offs in 12 months and enjoying a significant increase in attendances from an average of 3,603 in their inaugural season at the Brewery Field to 4,616 at the Racecourse Ground.
Wales coach Iestyn Harris was this week unveiled as Noble’s successor and promptly announced the signings of his former Bradford Bulls team-mates Stuart Reardon and Paul Johnson as he looks prepares for 2011.
A spokesman for the RFL said they were monitoring the situation but did not expect to make any comment until early next week.
“We are in dialogue with the club and will be speaking to the administrators in due course,” he said.
Crusaders RL Super League
12th of November 2010
Crusaders RL have gone into administration, the Wrexham-based Engage Super League club revealed today.
The club shareholders took action at the High Court of Justice in Leeds to prevent the club from being wound up by creditors, who are thought to include HM Revenue and Customs and former owner Leighton Samuel.
The club say they inherited a significant debt when they made the move from Bridgend to Wrexham a year ago, which made the business untenable, but they hope to re-form and continue in Super League in 2011.
Joint administrator Peter O’Hara said: “There was a high level of support and enthusiasm towards Super League rugby in its first season in Wrexham which exceeded the club’s expectations.
“We are currently pursuing a number of options and are talking to interested parties and the RFL in the hope that a solution can be found to the club’s current difficulties which would enable it to go forward and maintain rugby league in Wales.”
The other administrator, Simon Weir, confirmed that the club’s players will not become free agents but could in theory be sold to help pay off the debts, although that is an unlikely outcome.
“It’s early days but in simple terms we will be looking to sell the club’s assets so that it can continue,” he said. “I have already had approaches from two sets of interested parties.
“We are looking to complete the sale by the end of November.”
Crusaders are currently the subject of a winding-up petition brought by HMRC, which was adjourned earlier this week, while the GMB Union recently revealed they are taking action on behalf of players over alleged missing pensions payments.
In going into administration, the club may be deducted six points if they do start the new Super League season after breaching the Rugby Football League’s insolvency regulations.
Under the coaching of Brian Noble, Crusaders experienced a dramatic upturn in fortunes in north Wales, going from the wooden spoon to the play-offs in 12 months and enjoying a significant increase in attendances from an average of 3,603 in their inaugural season at the Brewery Field to 4,616 at the Racecourse Ground.
Wales coach Iestyn Harris was this week unveiled as Noble’s successor and promptly announced the signings of his former Bradford Bulls team-mates Stuart Reardon and Paul Johnson as he looks prepares for 2011.
A spokesman for the RFL said they were monitoring the situation but did not expect to make any comment until early next week.
“We are in dialogue with the club and will be speaking to the administrators in due course,” he said.
Crusaders RL Super League
So, of course they will be docked 9 points and surely be the favourites to lose their Super League license....???
Of course they won't...How stupid of me. They will be given as much financial support as possible, by the powers that be, despite proving that they are not viable financially.... WHAT A JOKE!
#3
PhillH
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Posté 18 novembre 2010 - 09:49
QUOTE (BOLTON ROUGHYED @ Nov 13 2010, 07:09 PM) <{POST_SNAPBACK}>
So, of course they will be docked 9 points and surely be the favourites to lose their Super League license....???
Of course they won't...How stupid of me. They will be given as much financial support as possible, by the powers that be, despite proving that they are not viable financially.... WHAT A JOKE!
Of course they won't...How stupid of me. They will be given as much financial support as possible, by the powers that be, despite proving that they are not viable financially.... WHAT A JOKE!
Hear, Hear.
The tune being danced to is that of Sky - no more, no less.
The "keeping rugby league alive in Wales" ticket is already being played to its maximum, as if a base 35 miles from Widnes in front of less home fans is a proper basis to get preferential treatment. Its pathetic.
Rugby League - great game, shame about the administration.
#4
oldhamer
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Physio
Posté 18 novembre 2010 - 11:47
Its about time that Richard Lewis and co resigned. The farce of the non-visas for the Crusaders players that played in NL2 when they were promoted (at Oldhams expense), was bad enough. It was a blatant cheat. And they never got punished, only rewarded. The game is goin to the dogs, and if they want to learn how to run a successful sport - look at how RU is run at club level now. RL is a pro game, run at the top by amateurs.
The franchise system is flawed, and has more special 'clauses' for the likes of Catalan, Harlequins, Crusaders etc than is fair. It's a joke. SL was created to hopefully give us a better grounding international against Australia. In early 90s, we were a close second to a very good Australian squad, now we are a poor third. We may have spilt Wales, Scotland, England etc, but even with those players we would be in the same position.
Wasn't Catalan introduced to strengthen France at international level? They too have gone backwards.
The whole game is a mess.
The franchise system is flawed, and has more special 'clauses' for the likes of Catalan, Harlequins, Crusaders etc than is fair. It's a joke. SL was created to hopefully give us a better grounding international against Australia. In early 90s, we were a close second to a very good Australian squad, now we are a poor third. We may have spilt Wales, Scotland, England etc, but even with those players we would be in the same position.
Wasn't Catalan introduced to strengthen France at international level? They too have gone backwards.
The whole game is a mess.
#5
Delphite
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Water Carrier
Posté 19 novembre 2010 - 12:31
QUOTE (oldhamer @ Nov 18 2010, 12:47 PM) <{POST_SNAPBACK}>
Its about time that Richard Lewis and co resigned. The farce of the non-visas for the Crusaders players that played in NL2 when they were promoted (at Oldhams expense), was bad enough. It was a blatant cheat. And they never got punished, only rewarded. The game is goin to the dogs, and if they want to learn how to run a successful sport - look at how RU is run at club level now. RL is a pro game, run at the top by amateurs.
The franchise system is flawed, and has more special 'clauses' for the likes of Catalan, Harlequins, Crusaders etc than is fair. It's a joke. SL was created to hopefully give us a better grounding international against Australia. In early 90s, we were a close second to a very good Australian squad, now we are a poor third. We may have spilt Wales, Scotland, England etc, but even with those players we would be in the same position.
Wasn't Catalan introduced to strengthen France at international level? They too have gone backwards.
The whole game is a mess.
The franchise system is flawed, and has more special 'clauses' for the likes of Catalan, Harlequins, Crusaders etc than is fair. It's a joke. SL was created to hopefully give us a better grounding international against Australia. In early 90s, we were a close second to a very good Australian squad, now we are a poor third. We may have spilt Wales, Scotland, England etc, but even with those players we would be in the same position.
Wasn't Catalan introduced to strengthen France at international level? They too have gone backwards.
The whole game is a mess.
The super league clubs have just voted to rescind the rule which required clubs to wait 3 years before they could apply for a super league place if they have been in administration.Another reason to doubt the integrity of the whole license process.
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