So a new club has been formed. Does one of the moderators of this site have anything to say about it ?
Has the 'old' club ie cougars 2001 Ltd gone bust, who else is a director of cougars 2010?
What were the debts, have more local traders lost money to the black hole in Lawlkholme?
In your own time.

Did I miss this announcement ?
Is this official ?
Has the old Club been renamed or gone into liquidation and a new one formed?
Is this more rumour or fact?

Where have you seen/ heard that one then?

It's a new one on me.

It's not really fair on the club, new directors etc if this has been put in the media before an official announcement has been made.

Or is it just another rumour?

It's TRUE!!!!!































It's a rumour

A search of companies house free webcheck reveals the name "keighley Cougars 2010 Ltd:

Name & Registered Office:
KEIGHLEY COUGARS (2010) LTD
COUGAR PARK
HARD INGS ROAD
KEIGHLEY
UNITED KINGDOM
BD21 3RF
Company No. 07091799

Status: Active
Date of incorporation 01/12/2009

The plot thickens!!

Sounds like a "tax dodge" to me

'not really fair on the club'
tell that to the traders that are owed money by cougars 2001 Ltd.

does this make it an 8- point start for the season then ?
Bit of an uphill season if you ask me.

I don't know the full details of 2001 but thought that the current (?) directors tried to do their best considering the situation someone else had put the club in.

I am not to sure what this "historic debt" is but I don't like the idea of companies running away from their debt, it just leaves a bad taste in the mouth.

I can see why new investors do not want to carry existing debt - they want a clean start to get the best bang for their buck. If the club is reforming I hope other businesses do not get hurt. The club needs all the goodwill it can get.

Lets see what the announcement is.

It will be a real struggle to overcome a points deduction.

We've not been in administration so I'm not sure we'd be deducted points.

As for Cougars 2001, who knows, hopefully no one gets shafted (including people like myself who bought a season ticket 2 days before this crisis broke).

The most important thing though is that Keighley Cougars lives on.

I'm not certain how it works but assume that the old club would be liquidated and the new club would need to ask permission from the RFL to continue. Depends if they (the RFL) attatch strings. Also, remember that the RFL own the Lease on the ground.

I may be wrong but if this is a case of the club being involved in a takeover and not going bust. bear in mind an appeal is in place against the taxman to take place december 9th. Based on this the club will have changed in name and directors only and therefore points cannot be deducted in case of a takeover.

I'm not sure on the legal aspect, but thats an interesting point.

I said at the time that the RFL holding the lease on Cougar Park was a masterstroke in case this scenario ever happened.

Now it's in their interests to have a club playing there, so I can't see the new regime having to many problems getting cleared to take over.

the plot thickens, a possible take over bid? Dec 9th meeting regarding tax debt. news to this forum, I think.
Take over a company to pay off it's debts, interesting.
C'mon come clean, who's on the board now

I'm sure they will as soon as they are ready to.

These things take time and I'm sure things like this appearing online don't exactly help.