Rugby

Rescue plan to save EP Rugby?

2016-03-30 14:21
EP Kings (File)

Cape Town - A rescue package to assist the cash-strapped Eastern Province Rugby Union will reportedly be addressed at a SA Rugby special general meeting on Friday.

According to the HeraldLIVE website, EP Rugby president Cheeky Watson is expected to attend when the rescue plan is tabled before delegates at a special general meeting, which will follow SA Rugby’s annual meeting in Cape Town.

The rescue plan has been drawn up by SARU vice-president Mark Alexander and is expected to be supported by the majority of delegates, according to the website’s sources.

EP Rugby (Pty) Ltd was placed under provisional liquidation at the beginning of March and the provisional court order has afforded the union until May 10 to address the financial woes that led to a joint liquidation application being brought on behalf of 36 players. Claims for unpaid wages and damages are said to total more than R18m.

If EP Rugby is unable to resolve its financial problems before the deadline, the provisional liquidation stands to be made final.

SA Rugby has already taken charge of the EP Rugby Union's Super Rugby team, the Southern Kings, who re-entered the competition this year.

Read more on:    super rugby  |  cheeky watson  |  port elizabeth  |  rugby
NEXT ON SPORT24X

What To Read Next

 

Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

 
 
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

English Premiership flutter

Take Sport24's "expert" tips at your peril...

Featured

The 2017/18 Absa Premiership season is under way. Can Bidvest Wits defend their title? Will Soweto giants Kaizer Chiefs or Orlando Pirates emerge victorious? Or will the bookies' favourites, Mamelodi Sundowns, taste success for a record eighth time? Stay glued to Sport24 to find out!

Latest blogs
Vote

Springbok coach Allister Coetzee remains defiant, saying he won't resign despite a shambolic two years at the helm. Your thoughts?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.