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Collapsed Jersey Reds sell off stock in online auction

Collapsed Jersey Reds sell off stock in online auction

Monday 11 December 2023

Collapsed Jersey Reds sell off stock in online auction

Monday 11 December 2023


Jersey Reds' rugby merchandise has been put up for sale via an online auction after the club went into liquidation.

Teams in need of rugby gear – or those seeking Christmas presents for fans of the sport – can buy items like jackets, hoodies, t-shirts, polo shirts, playing kits, and bags.

These items can be purchased via online auction until Sunday.

The online auction house Hammer Price was appointed to oversee the sale of the club's merchandise by the joint liquidators of the rugby club Alan John Roberts and James Richard Pirie of Grant Thornton. 

The Jersey Reds ceased trading at the end of September, with the club unable to pay players' and staff's salaries for the month.

The club, whose financial troubles date back to 2016, went into liquidation in the weeks that followed after failing to secure a "white knight" investor and a bid to get further rescue money from the public purse failed.

The full extent of the Reds' financial woe was revealed after creditors met in October – including almost £1.5m in unpaid loans, a tax bill of more than £500,000, and the possibility that another £400,000 of public money would be used to pay back a bank loan.

The company's statement of affairs showed that the club's assets were estimated to be worth around £142,714, but debts totalled more than £3.1 million.

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