The Administration route is an option. But it depends on probably two critical things.

a) What percentage of the overall debt is owed to HMRC? To exit administration, a CVA would probably be required where the creditors are offered so many pence in the pound for the debt owed. HMRC always vote against the CVA route. It would also require the agreement of the other creditors. Would they be on board?
b) The club would need to prove that they could afford to meet the CVA obligations as well as the ongoing running costs. When HTAFC came out of administration (and into a CVA) back in 2001, they were repaying £4k a month to the administrators whilst also having the ongoing running costs. A consortium of 10 businessmen each put in £10k.

So its doable, but it all depends on who the creditors are and whether they want to play ball.

I think we all agree the IMG system is ridiculous ....... if this would have happened in soccer the media would have been all over it like a rash, but RL get away with it because the media don't care, despite the IMG's delusion that RL stadiums require 50 press seats (lolololololol)

Everything connecting our game with IMG is e! Allus has been from day one. ...and we voted in favour of it. Grrr!

Looks like Salford are in dire straits financially. They are having a meeting and asking for £500,000 advance on their central funding. The whole sport is devoid of money at every level.

Tip of an enormous iceberg

Every RL club is running on fine margins, living month to month, one letter or demand away from been in the mire.

Only going to get worse, there's less and less central funding, less revenue coming in, and costs constantly going up. The employee national insurance contributions is going to hit some clubs hard next year. Im sure TonyFax mentioned on the accounts thread some clubs have over 100 employees, that's going to be a huge cost increase