Time runs out for EP Rugby - now permanently liquidated

AUGUST 4, 2016

Embattled EP Rugby was on Thursday permanently liquidated in the Port Elizabeth High Court after failing to come up with a business rescue plan to their financial woes.

EP Rugby had been given three months to come up with the plan, which would include the payment of players’ salaries, in March when it was provisionally liquidated.

Mother body, SA Rugby, subsequently took over the administration of EP Rugby but last week announced that an unidentified investor, who had wanted to buy a 49% stake in the union had pulled out.

EP Kings are now set to be excluded from the upcoming Currie Cup Premier Division - for which they had qualified automatically courtesy of their Super Rugby status.

The next step of the liquidation is now the recovery of owed debts.