Cougars chairman Neil Spencer insists there is no prospect of the club slipping back into administration despite gates at the club dropping by an average of 500 fans per match this season.

The decline in income has left the Keighley outfit unable to meet their wage bill but Spencer insists players who are still owed money will be "straightened up very shortly".

He said: "We've had a loss but nothing really disastrous. The only thing we have to do is get all the wages paid up that are due and overdue.

"We struggle to pay winning pay normally but we've lost 500 off the gate and, when you do that, you struggle to pay losing pay."

Spencer, pictured, and chief executive Colin Farrar are carrying out their season review and expect to settle on next season's budget over the next fortnight.

"Obviously we had such a disastrous season, which was reflected in the crowds, that we are straightening up this season before we can even consider what we are going to do next season," said Spencer.

"Colin and myself have to get together in the near future and sort something out."

With a pre-season match against Bradford Bulls in the pipeline and the Bulls having taken over the club's lottery operations, the future does look brighter, said Spencer.

Whether coach Gary Moorby, who guided the club to National League Two glory just two seasons ago, will be part of that future is still very much up in the air.

"All season Gary has being saying that, because of the financial situation, he can't do this and he can't do that," said Spencer.

"Well, we've nothing better to offer him at the moment so it's a waste of time us talking. Whether he'll come into line with our restrictions or whether we can afford him has got to be sorted out."