Crusaders enters administration 15/11/2010
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Super League club Crusaders has gone into administration.
Shareholders for the Wrexham -based club took action at the High Court of Justice in Leeds to prevent Crusaders from being wound up by creditors, who are thought to include HM Revenue and Customs and former owner Leighton Samuel.
Crusaders said it inherited a significant debt when it moved from Bridgend to Wrexham a year ago which has made the business untenable.
But joint administrator Peter O'Hara added: "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 [Rugby Football League] 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 club is currently the subject of a winding-up petition brought by HMRC, which was adjourned last week.
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