It emerged that the local rugby club had ceased trading and were on the brink of liquidation, having failed to pay September salaries, in a shock announcement at the end of last month.
The club’s Chair, Mark Morgan, described it as a “very sad day”, as the club confirmed that “liquidation appears inevitable unless a solution can be found in the very short term”.
Pictured: Chair Mark Morgan (right) described it as a “very sad day”. (Jersey Reds)
A relief fund was set up to allow islanders to help the team, while Hawk Group were also praised for stepping in to support the Reds with September salaries.
However, following the rejection of Deputy Lyndon Farnham’s emergency rescue bid and the lack of a “White Knight”, the Reds confirmed last week that they had “no option” but to move into liquidation.
On a statement on their website yesterday, the Reds officially announced their liquidation, and confirmed that a meeting of the creditors of the company will be held later this month.
Pictured: Lewis Wynne with the Championship Trophy during the Reds’ open-top bus parade on Liberation Day.
A statement of the affairs of the Jersey Rugby Football Club (2016) Trading Limited will be laid out at the meeting, where Alan John Roberts and James Richard Pirie of Grant Thornton will be proposed as Joint Liquidators of the company.
The meeting is set to be held at 10:30 on Wednesday 25 October at St Paul’s Centre. Only those with a valid claim against the company will be admitted to the creditors meeting.
Those who wish to attend the meeting or verify whether they are a creditor, are being asked to email JerseyReds@gt-ci.com.