Jersey Reds to be taken into liquidation

6 months ago 109

Breaking news

Jersey Reds are set to enter liquidation after the island's politicians voted against financially supporting the Championship club for the rest of the season.

The Championship title-holders announced last week that they were to cease trading after being unable to fulfil September's payroll.

They are are fourth professional club in England to collapse in a year.

Premiership sides Worcester, Wasps and London Irish have all folded.

"We are bitterly disappointed at the decision in the States Assembly regarding government funding, but hardly surprised," a Jersey Reds statement read.external-link

"We are proud of what the Reds achieved over the years in consistently difficult circumstances.

"The opportunity to support a valuable asset has been let slip and the Island will be the lesser for it.

"Given the decision and in the absence of a 'white knight' we now have no option no but to move our trading vehicle into liquidation. Details of the liquidator will be gazetted in the near future."

More to follow.

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