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Page last updated at 14:43 GMT, Tuesday, 5 October 2010 15:43 UK

Blackpool Panthers go into administration

Rugby league

Blackpool Panthers have gone into administration with debts of around £60,000 to HM Revenue and Customs.

But Panthers officials, who have been without a major investor since June, hope a new company will be formed to guarantee their survival.

Vice-chairman John Chadwick told BBC Radio Lancashire: "There are certain individuals who are interested in forming a new company.

"But the Rugby Football League need to see the business plan they'd deliver."

Chadwick added: "The accountants have been told the club is in administration, as has the Rugby Football League.

Fylde are keen on maintaining a part-time professional rugby league club at The Woodlands

Blackpool Panthers vice-chairman John Chadwick

"The players and coaching staff were notified on Monday, while [landlords] Fylde rugby union club, who we have a terrific relationship with, are also aware of the situation.

Panthers, who also owe a further £12,000 to other creditors, enjoyed their best ever campaign after just missing out on the Championship One Grand Final in September.

But poor attendances and the loss of 10 points for financial irregularities during the regular season affected the club's long-term strategy.

The two new directors, businessmen Bill Quinn and Andrew Carney, are behind the new company and are now waiting to be vetted by the RFL before they can officially put their plan forward to rename the club and inject new funds.

drsrhino unofficial MAC member

Panthers coach Martin Crompton will also remain with the newly-formed club if plans for their formation are approved.

And Chadwick believes that all bodes well for their long-term future and is insistent there is still the desire to see a rugby league club remain on the Fylde coast.

"The amateur game is pretty strong round here and there are a couple of junior clubs affiliated to Blackpool Scorpions," he said. "We've also got a development manager who is getting around the schools and if we could remain involved with Fylde that would help us from a playing point of view

"Fylde are also keen on maintaining a part-time professional rugby league club at The Woodlands. But they've also made it perfectly clear that their main priority is running a rugby union club although they would have an involvement with the rugby league side of things."

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