Advertising

Telford Tigers faces liquidation over £500,000 debts but rescue deal being lined up

Telford | News | Published:

The owner of Telford Tigers ice hockey team could be placed into liquidation in two weeks' time amid debts totalling £500,000.

But interested parties have already come forward to discuss a rescue deal for the table-topping side.

Telford Ice Sports Ltd, the company behind the Tigers, has appointed Darlington-based Robson Scott Associates, a business recovery specialist and insolvency practitioner, to begin the process of a creditors voluntary liquidation.

This could be rubber stamped at a meeting of creditors on November 30.

There are parties interested in a rescue deal, the liquidators said, but it means there are now just two weeks left to save the town's beloved ice hockey team.

In a statement, Robson Scott said: "Current figures suggest that the creditor level will be in the region of ?500,000 the majority of which is due to the investors in respect of financial support provided prior to the appointment of the current board of directors."

"We understand that the team has a strong fan base and we are currently looking at a number of different options to preserve the team.

"Third parties have already registered an interest in taking the team forward and we are open to receiving contact from any further parties who may hold an interest in the same."

This weekend's games away at Hull Pirates on Saturday, and at home to Basingstoke Bison at Telford Ice Rink on Sunday, are expected to go ahead as planned, although a final decision will be made later this week.

Advertising

Anyone wishing to lodge an interest in the club should visit robsonscott.co.uk

"Telford Ice Sports Ltd, the Company behind the Telford Tigers Ice Hockey team, has instructed Robson Scott Associates a firm of Business Recovery Specialists and Insolvency Practitioners to assist in placing the Company into Creditors Voluntary Liquidation.

"It is currently anticipated that this will happen at a meeting of creditors due to be held on 30 November 2016. Current figures suggest that the creditor level will be in the region of ?500,000 the majority of which is due to the investors in respect of financial support provided prior to the appointment of the current board of Directors.

"We understand that the team has a strong fan base and we are currently looking at a number of different options to preserve the team.

"Third parties have already registered an interest in taking the team forward and we are open to receiving contact from any further parties who may hold an interest in the same. Our details can be found at www.robsonscott.co.uk for those who wish to lodge an interest.

"It is currently understood that This weekend's games are anticipated to go ahead and the owners of the club will make a decision in relation to this later in the week."

Advertising

Top stories

Advertising

More from Shropshire Star

UK & International News