Maitland Leagues Club has gone into voluntary administration owing some of its creditors hundreds of thousands of dollars.
The clubs board of directors resolved at a meeting on March 11 to place the Bulwer Street business into voluntary administration appointing Newcastle-based insolvency firm Shaw Gidley administrators.
The clubs president Ben Newcombe declined to comment when approached by Fairfax Media this week, instead directing our questions to administrators Paul Gidley and Jeff Shute.
The news came just two days after Club Maitland City announced it would bankroll the Maitland Pickers for an undisclosed sum over a minimum of 30 years.
That announcement ended the teams long time affiliation with the leagues club as its major sponsor.
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Read the full article at: http://www.maitlandmercury.com.au/story/5285477/hopefully-they-can-trade-out-of-this-maitland-leagues-club-goes-into-voluntary-administration/
