new zealand\s otago rugby union faces liquidation
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

New Zealand's Otago Rugby Union faces liquidation

Arab Today, arab today

Arab Today, arab today New Zealand's Otago Rugby Union faces liquidation

Wellington - AFP

The Otago Rugby Union (ORU) is set to be placed in liquidation Friday, with debts of NZ$2.35 million ($1.97 million), New Zealand Rugby Union (NZRU) chief executive Steve Tew said Tuesday. Tew said the move, which will not affect the Otago Highlanders Super 15 team, was voted on Monday night at the ORU's annual general meeting, meaning a High Court judge will decide whether to dissolve the 131-year-old body. "In the room last night at the AGM there were a lot of past presidents and life members of Otago, people who have sweated blood and tears for the union, so it's a very difficult time that we've reached," he told Radio New Zealand. "But unfortunately there's an inevitable conclusion with some of these things and we've got there with this particular union." Tew said much of the ORU's debt stemmed from operating the now defunct Carisbrook stadium in the South Island city of Dunedin. He said the union's financial woes would not impact the Highlanders, which is a separate legal entity and not liable for ORU debts. Tew ruled out an NZRU bailout for the ORU, saying the national body could not commit further funds to "an organisation that is ultimately doomed". He said the NZRU had moved to support community rugby, such as school programmes, in the Otago area but it was unclear whether the region would field a team in the ITM Cup, the national provincial competition.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new zealand\s otago rugby union faces liquidation new zealand\s otago rugby union faces liquidation

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new zealand\s otago rugby union faces liquidation new zealand\s otago rugby union faces liquidation

 



GMT 20:57 2017 Tuesday ,14 February

China to avoid bank shock, reach high income

GMT 14:11 2017 Friday ,18 August

Infosys chief quits in rift with founders

GMT 11:08 2017 Saturday ,16 September

German union attacks Air Berlin administrators for delay

GMT 19:59 2017 Saturday ,21 October

Mufti condemns Afghan mosque attacks

GMT 05:33 2016 Sunday ,18 December

Oil tanker catches fire on Super Highway, 3 killed

GMT 16:15 2017 Tuesday ,11 July

IEA: Oil, gas investment set to recover slightly

GMT 09:12 2018 Wednesday ,12 December

Ford trains 1,600 motorists in Mideast, Africa in 2018

GMT 18:29 2013 Friday ,08 March

Cheb Khaled tops best French song list

GMT 14:22 2018 Saturday ,20 January

Hariri meets French Foreign Minister

GMT 06:33 2017 Sunday ,31 December

Gazan dies after border clash with Israel forces
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday