By Wayne Gardiner
New Wakefield chairman Michael Carter claims to have sold key playmaker Tim Smith to Salford with immediate effect.
Carter took over at the helm of the Super League club earlier this month and said in a statement released on Saturday morning that the Wildcats were "under-capitalised to the tune of somewhere in the region of £400,000".
As a result of that, Carter says he has sold Smith, one of coach Richard Agar's key players, to Salford for a "substantial fee", although the ambitious Reds have not confirmed the move themselves.
Carter did add, though, that he had turned down a six-figure offer for captain Danny Kirmond, which should at least offset the blow of Smith's departure.