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Super League’s Crusaders future secured

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Clarion advised joint administrators Peter O’Hara and Simon Weir of O’Hara & Co at the close of 2010. A new company, W Crusaders Ltd, bought the assets of Welsh Super League club Celtic Crusaders Limited following its administration on 12 November 2010.

Clarion advised joint administrators Peter O’Hara and Simon Weir of O’Hara & Co at the close of 2010.  A new company, W Crusaders Ltd, bought the assets of Welsh Super League club Celtic Crusaders Limited following its administration on 12 November 2010. 

The new company that is backed by Wrexham Village, the owners of the Racecourse Ground that the rugby league club shares with Wrexham FC, has transferred all assets and the entire playing squad onto its payroll in a deal struck with administrators for an undisclosed sum.

Joint administrators Peter O’Hara and Simon Weir of O’Hara & Co were advised by Leeds legal firm Clarion in the negotiations that also sees the remaining employees of Celtic Crusaders taken on by the new firm, ensuring the future of the Super League team, its employees and ensures its home remains in Wrexham.

The team will be known as Crusaders RL from the start of next season, but there are no planned changes to the playing squad or management team.  Supporters’ season tickets will be honoured by the new company ensuring continuity of the club’s loyal fan base.  

Joint administrator Peter O’Hara commented: “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, but previous debts and losses have hindered the club’s ability to survive financially. We are confident that with the backing of the landlord of the ground, and with new working capital facilities the club will thrive at its Wrexham home.”

Alice Pratt of Clarion commented:  “This is the best possible outcome under the circumstances for the fans, players and other staff.  It’s great that we have managed to get the deal completed by Christmas so the club can head into the New Year with a positive outlook.”

Over the last year, the club had undergone financial difficulties including significant inherited debt which has made the business untenable. 

All enquiries should be directed to Simon Weir at O’Hara & Co 01924 477449.

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For further press information, please contact:

Paul Snape on (01423) 56 99 99 or paul@appealpr.com