Rugby Lions club goes into liquidation

Local, national, international and oddball news stories

Rugby Lions club goes into liquidation

Postby dutchman » Fri Jul 20, 2012 2:34 pm

A Warwickshire rugby club has gone into liquidation after 139 years.

Image

The Rugby Lions Club, based in Rugby, won promotion to National League Two South after going unbeaten all season.

The club, which had been due to start the new season in September, was bought by former player Michael Aland last year. He was unavailable for comment.

The Insolvency Service confirmed the Rugby Lions had gone into liquidation, which followed persistent reports of financial troubles at the club.

Head coach and former England international Neil Back left in June to become forwards coach at Edinburgh.

Club official Rick Beresford said there could be a campaign to try to keep the club running.

:bbc_sport_logo:
User avatar
dutchman
Site Admin
 
Posts: 55370
Joined: Fri Oct 23, 2009 1:24 am
Location: Spon End

Re: Rugby Lions club goes into liquidation

Postby dutchman » Fri Jul 27, 2012 12:22 pm

Rugby Lions insist all debts will be settled

RUGBY Lions insist all debts will be settled and that ambitious plans to redevelop the club are still on course.

As reported last week the club, owned by Michael Aland, went into liquidation in June owing tens of thousands of pounds to players and suppliers.

Much of the high-profile first team which went undefeated last season has now been disbanded, and several key members of the coaching staff have left.

But in a statement the club said: “At this time we are concluding the financial structure that will ensure the settlement of all debts, ensure the funding is available for the club for the upcoming season, and ensure the long-term success of the club and the development of the new ground.

“As we work towards completion, no further information will be released outside the senior management team who are working hand in hand with Michael Aland to complete the plans which will ensure the five to seven year plan for the Rugby Lions’ future.”

Image
User avatar
dutchman
Site Admin
 
Posts: 55370
Joined: Fri Oct 23, 2009 1:24 am
Location: Spon End


Return to News

Who is online

Users browsing this forum: No registered users and 1 guest

  • Ads