Cape Town – The commercial leg of the Border Rugby Union, Border Rugby (Pty) Ltd, has filed for liquidation.
The union confirmed the news on Thursday.
According to a release, the decision was “unavoidable” and that it was completely voluntary after having sought expert advice.
The statement read as follows:
It is a fact that the Directors of the Border Rugby (Pty) Ltd decided to put the company under voluntary liquidation.
The reasons for this have been stated in the papers are for the public to see and there is nothing to hide.
It is, however, worth stating that all the governance processes towards arriving at the decision have been followed and expert advice has been engaged to assist the directors to arrive at what was an unavoidable…
Read the full article at: http://www.sport24.co.za/Rugby/CurrieCup/border-rugby-pty-files-for-liquidation-20161020