Cape Town – The
Western Province Rugby Football Union confirmed today that it had applied for,
and obtained, an order for the provisional liquidation of Western Province Rugby
(Pty) Ltd, in which it is a 75% shareholder.
President Thelo Wakefield and
Group CEO Paul Zacks said that the Union had retained expert legal and
accounting advice and had fully explored all options before applying for
liquidation of its commercial trading entity.
The Union provided the following assurances:
(1) Although Western Province Rugby (Pty) Ltd is being
placed into liquidation, the Union will not be affected by the liquidation
the Union is a voluntary association which is independent of WP Rugby (Pty)
Ltd;
(2) As a member of SARU the Union is the ul…
Read the full article at: http://www.sport24.co.za/Rugby/wp-rugby-to-liquidate-professional-arm-20161107
