On 23 February 2015, the football club was placed in voluntary administration and their licence terminated by the NRL after the Board conceded the club could no longer meet its financial obligations, including staff and player salaries. The NRL assumed full ownership of the Gold Coast Titans however Chairwoman Rebecca Frizelle, Directors Darryl Kelly and Paul Donovan remain on the board, with CEO Graham Annesley also remaining in his role.
