EP Rugby officially confirmed today that a provisional liquidation order was granted by Judge Eksteen in the Port Elizabeth High Court this morning – Thursday 10 March 2016.
The provisional court order means EP Rugby Pty Ltd have until the 10th of May to address the current financial challenges being faced.
It is important to note that the provisional liquidation does not impact on the day to day operations of the Pty Ltd in any way. This means that EP Rugby Pty Ltd will continue with preparations for the upcoming Currie Cup tournament that begins on the 8th of April this year.
Further, it should be noted that the EP Rugby Union executive have been given a mandate by the clubs during the Special General Meeting on the 25th of February to seek Business Rescue in order to stabilise the financial circumstances of the union.
EP Rugby are currently engaging with their legal advisors as well as with SA Rugby, Government and other stakeholder on this matter.
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