Provisional liquidation order won't affect day-to-day operations: EP Rugby

MARCH 10, 2016

The provisional liquidation order that was granted by Judge Eksteen at the Port Elizabeth High Court on Thursday morning, will not affect the day-to-day operations of the company, says Derrick Spies, on behalf of EP Kings.

Spies says; "The provisional court order means EP Rugby Pty Ltd have until the 10th of May to address the current financial challenges being faced.

"It is important to note that the provisional liquidation does not impact on the day to day operations of the Pty Ltd in any way. This means that EP Rugby Pty Ltd will continue with our preparations for the upcoming Currie Cup tournament that begins on the 8th of April this year."

He said that it should also be noted that the EP Rugby Union executive have been given a mandate by the clubs during the Special General Meeting on the 25th of February to seek Business Rescue in order to stabilise the financial circumstances of the union.

"We are currently engaging with our legal advisors as well as with SA Rugby, Government and other stakeholder on this matter," Spies said.