Telford Tigers have confirmed talks are underway with a group of local investors who have expressed an interest in assuming operations of the club.
The news follows the announcement that Telford Ice Sports Ltd, the company behind the Tigers, have instructed a firm of business recovery specialists and insolvency practitioners to assist in placing the company into Creditors’ Voluntary Liquidation.
The Tigers are hoping a solution can be found in the next couple of days to ensure the club plays all of its upcoming EPL fixtures.
“We would like to clarify that the club was placed into administration by the current directors of Telford Ice Sports – none of the investors in the club have foreclosed or called due any note held by them at this time,” a club statement said.
“Telford Ice Sports has received £176,000 from the former owners since May 2016 in support of operations that now appear to have been grossly mismanaged.
“Existing creditors were only notified last week that the company was in dire financial straits and would be seeking liquidation at the instruction of its current directors.
“The administration process will identify how Telford Ice Sports spent these significant sums.
“We would like to reassure all fans and those who care about the future of hockey in Telford that work is already underway to secure the future of the team and talks have been positive.
“At this stage we fully expect that the team will fulfill this weekend’s fixtures and has good prospects going forward.”
(Image permission: Steve Brodie)