http://news.bbc.co.uk/sport1/hi/rugby_league/super_league/celtic_crusaders/9149935.stmSuper League club Crusaders entered administration on Friday.
The troubled Welsh club released a statement saying that inherited debt had "made the business untenable".
Crusaders faced a winding up order from Her Majesty's Revenue and Customs over unpaid tax, but last week confirmed they had repaid the amount owing.
Joint administrators Peter O'Hara and Simon Weir have been appointed, although O'Hara indicated he was hopeful that the club could be saved.
"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," O'Hara said.
"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."
http://www.sportinglife.com/rugbyleague/news/story_get.cgi?STORY_NAME=rleague/10/11/12/manual_114442.htmlCrusaders have gone into administration, the Wrexham-based Super League club revealed on Friday.
The club shareholders took action at the High Court of Justice in Leeds to prevent the club from being wound up by creditors, who are thought to include HM Revenue and Customs and former owner Leighton Samuel.
The club say they inherited a significant debt when they made the move from Bridgend to Wrexham a year ago which made the business untenable, but they hope to re-form and continue in Super League in 2011.
Joint administrator Peter O'Hara said: "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 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."