Seems like no one really knows what's going on least of all us Keighley fans. The following posted on Facebook by former director Simon Harrison is the closest you'll currently find to an explanation.
As you may already know Neil Cullen and myself resigned as directors of Keighley Cougars because we didn’t have the backing of the new owners and were not in a position to carry out our duties as directors.
Since then we have stepped back and given the new owners the benefit, space and respect to rebuild Cougars. However, we have been forced to listen to and read online all the false promises and lies. Not only that, we have endured the wrath of some uneducated fans who’s comments have been close to liable.
Today (Saturday) after once again another promise to pay the players has past, after all their cheques bounced earlier this week, I understand that both Craig Lingard (coach) & Steve Gill (General manager) are now both offering their resignations due to non payment, and would expect all players who signed again for next season would be reconsidering there positions. Garry Schofield is already taking legal action to receive his wage.
The constant blame on the old regime leaving the club in unmanageable debt and more debt emerging is absolutely not true. We had an executive committee of 8/10 people who all witnessed the extent of the debt on a spreadsheet prepared by Gary Fawcett, highlighting all debts current & future.
Enough is enough I urge all true fans and sponsors to attend the meeting on Thursday to ask questions and get the answers we deserve.
(the meeting referenced in the last paragraph is a Q&A with Steve Gill on the 22nd but I've got to say I'll be surprised if it goes ahead)