Celtic were due to face a petition brought by the Inland Revenue – over a £200,000 tax bill – in the High Court in London, and feared with time against them it could spell the end for the Throstle Nest club.

Farsley's board of directors decided to enter administration last week but said in a statement on Friday they didn't have time to complete the formalities before today's court hearing.

However Coors Brewery, who are also creditors, have called the administrators in.

A new statement released last night read: "The board of Farsley Celtic 1908 Ltd are today able to confirm the appointment of Mazars as administrators.

"By entering administration, the petition to wind the club up is unable to proceed and enables the club to continue to trade."

Club president John Palmer added: "Paul Glover and I today met with the administrators after the appropriate papers were filed at court.

"Whilst it is a relief that the effect of administration avoids, in the short term, the threat of winding up, there is a lot of work still to do and we shall be working closely with them in the next few weeks."

Farsley got into financial difficulties following a meteoric rise to the football Conference for the first time in their history, courtesy of three promotions in four seasons.

The club had plans to sell off part of their land for housing to finance the dream, but Leeds City Council turned down a planning application for Bellway Homes to build 26 houses and 31 apartments on the site in March 2008 and the problems started to mount.

Meanwhile on the field, Farsley lasted just one season in non-league football's top-flight.

The players returned for the start of pre-season training last night ahead of their second term back in Blue Square North and now face starting the campaign with an automatic 10-point deduction.