Tweet from Gary Carter



"I’m told no player or member of staff at Widnes will be paid tomorrow after the collapse of a takeover bid. If investment is not secured by Feb 25, the club risks falling into administration. Club will meet players and staff tomorrow."



Isn't sounding or looking good. Hope they get through it.

Now confirmed by Widnes staff won't be paid tomorrow.





Widnes Vikings would like to update members, supporters and partners on the club’s current financial situation.



Widnes Vikings have been facing a significant cash-flow gap, which must be resolved in the coming days.



Throughout the past three months, Widnes Vikings’ Board of Directors and senior staff members have made extensive efforts to engage business leaders and individuals to secure investment to stabilise the club and overcome the potential threat of administration. This has included the Board writing off more than £370,000 worth of loans that they had provided to the club throughout their tenure.



It had appeared likely that a consortium of investors would take ownership of the club today, providing the necessary investment to secure the club’s future stability. However, at a late stage, a key member of this consortium have withdrawn from this process. As a result, the club has, as yet, failed to secure the necessary investment and is unable to make its payroll commitments for all employees tomorrow.



Efforts to secure investment remain ongoing and we will continue to pursue all available avenues. The club continues to invite other expressions of interest from individuals or groups that may wish to support Widnes Vikings at this time.



The club is taking advice in response to this matter. Widnes Vikings continue to trade and, at this stage, our scheduled fixture against sheffield will go ahead

Thought they got a parachute payment on relegation?



Feel for the Widnes fans, players and staff. Hopefully they can avoid administration.

Makes you wonder where the parachute payment went with problems this early on in the season.

Just wondered if the £370k write off of debt was done using the parachute payment?

It mentions that they are taking advice. I hope for their sake it's not from the RFL.

Hope it works our for them because if I remember correctly they were one of the few sides that really helped us out when we were in trouble.

Was there a parachute payment? I seem to remember it isn't guaranteed and has to be voted on by the remaining 11 as it comes out of their central funds?

Definitely, thought O'Conner gave us 10k

Yes he did give £10,000 I remember

Jeez, they won't want it back now will they?



Maybe we could give them £10k of those Lightbox '[urlhttp://www.bradfordbulls.co.uk/article/50770/bradford-bulls-lightbox[/url' things in lieu of payment?

Depends on your valuation of the lightbox. Do you count them as the price you have to pay to buy one, or the price that you believe they're actually worth? If it's the latter, you're gonna need a bloody lot of them to pay off 10k.

Didn't Widnes let us keep all of the money from tickets we sold for a game at their place?



I'm pretty sure that happened in the Peter Hood era meltdown. Can't remember if that [iwas [/ithe £10K or whether the £10K was given by Steve O'Connor in addition?