Company Voluntary Agreement

  • Hull collar sponsor

    Hull FC have signed a five-figure rolling deal with local Company The Mobile Point to be their collar sponsors from 2008. Martin Lauer, the Company’s managing director, said: "Hull FC fit our profile perfectly. Mobile phones and sports clubs link up very well, just look at Chelsea and Samsung. "We have been looking for a sporting organisation to associate our Company with and we're delighted to have joined forces with a progressive and ambitious club like Hull FC. For us this Agreement complim...

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  • Administration and Insolvency for Clubs Explained

    One of the consequences of the current economic climate is that rugby businesses, like so many others, have been forced to yield management to administrators. The national press has featured some high profile sports cases including Rangers Football Club, Portsmouth Football Club and now the latest - Bradford Bulls Rugby League club. Clubs would prefer to first seek support of their creditors, including banks and HMRC, and to manage their business themselves before calling in insolvency practitio...

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  • Zebre Collapse, FIR Take Over

    Ownership and management of Italian PRO12 side Zebre has been taken over by the Italian Federation (FIR) after doubts over the financial stability of the team’s holding Company, Zebre Rugby Srl. Doubts emerged about Zebre's future after players were reportedly not paid for two months and there are still concerns about whether they will play beyond the 2017-18 season. A new Company called Zebre Rugby Club Company has been created and a new chief executive and directors have been appointed. An F...

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  • Plymouth Albion Prepare For Administration

    Championship side Plymouth Albion are set to enter administration after failing to find a solution to their financial difficulties and refinance the club. Albion are facing relegation as they find themselves 11 points adrift at the foot of the Championship table after winning none of their opening 10 league games and will appoint administrators in the next 10 days if fresh investment isn’t forthcoming. Administration comes with a 20-point penalty, which would seal their relegation to National...

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  • London Irish Backed by Betdaq

    London Irish have announced the appointment of Betdaq as the club's official betting and gaming partner.Under terms of the Agreement, the betting Company's logo will feature on the back of the  club's playing shirts for the duration of the 2011/12 rugby season.The Exiles report on their club website that; 'Betdaq will  receive widespread in-stadia promotion with branding on touchline LED boards and throughout concourse areas as well as television adverts on the ground’s big screen.'Betdaq ho...

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  • Firm In Threat To Disrupt Olympic Stadium Games

    A Company that helped to refit the Olympic Stadium has threatened to make it “unusable” for the rest of the Rugby World Cup after not being paid for the work, according to The Telegraph. Gallowglass, run by the former Scotland full-back Nick Grecian, warned that it planned to sneak into the £700 million venue and remove materials essential for the functioning of its retractable seating. The plot has been hatched in a bid to force the stadium owners to honour a payment of £712,000 to the...

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  • Wakefield To Lose Principal Sponsor

    Wakefield Trinity Wildcats are set to lose their most major sponsor after Eric France Metal Recycling, which trades under JKL (Wakefield) Ltd, went bust. The Company, which sponsors the club’s East Stand at The Rapid Solicitors Stadium and has its name on the back of the playing jersey as well as being the main sponsor on the front of the shirt, has entered into a creditors’ Voluntary liquidation. The scrap metal firm, which also sponsors Dewsbury Rams in the Championship, is thought to have...

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  • Rebels To Be Sold By ARU

    The Sydney Morning Herald has reported that the Melbourne Rebels could have new owners by the end of the financial year after the Australian Rugby Union and Victoria Rugby Union announced last week that they had signed a deal to sell the club. A Melbourne investment Company called Imperium Group (ICG) has signed an exclusive heads of Agreement to buy all the shares in the Rebels' controlling Company, Melbourne Rebels Rugby Union Limited. Headed by managing director and owner Andrew Cox, the Impe...

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  • Council Ease Pressure On Salford Loan Repayments

    ... in the best interests of the taxpayer of Salford. “It is concerning to hear about the continued financial difficulties faced by the club, especially in light of the important role that the club has for our city. “We have today agreed to extend the Company Voluntary Agreement on the club for three years, on annual review. Our accountants will have full access to the club’s accounts and finances and we are determined to turn things around. “I have met with fans and hope to meet with them...

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  • Manu Signed As Face of Opro

    Thrown together during the recent Mouthguardgate debacle at the Rugby World Cup in New Zealand, Manu Tuilagi and OPRO have entered an Agreement with Manu becoming the face of the OPRO Group. The 20 year old Leicester Tigers player will become an ambassador for the Company now known throughout the world as manufacturers of the branded mouthguards that both Manu and his brother, Alesana, (and many other players) chose to wear during their matches whilst playing for England and Samoa respectively....

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