Thu, 02 Sep 2010 | ADMINISTRATION
Rival bidders are pursuing Whitehaven Rugby League Football Club (RLFC) as it heads towards administration in the face of a threatened winding-up order due to a £64,000 income tax bill.
Since the winding-up threat, Whitehaven RLFC’s board of directors filed a notice of intent to go into administration. This enables prospective administrators RSM Tenon to receive offers to buy the club during a 10-day period, although any bid would have to prove acceptable to Tenon before the club can actually go into administration.
Dick Raaz, Haven’s American chairman, is leading a consortium to buy the club and a group of local supporters are also bidding to purchase it. Raaz hopes his bid will be accepted by RSM Tenon, enabling a new club to be formed and total debts of around £300,000 wiped out.
But the supporters are planning to make 'a viable offer to run the club,' to give fans a say in the formation of a new rugby league club.
Steering group spokesman Karl Connor said, “We have seen a genuine will in the community for the club to continue and a genuine interest from supporters in getting involved in shaping the club’s future.”
Mr Raaz said, “[The implications of going into administration are that] debts will be cleared at a stroke. New owners will then take over the club debt free.”
This is an exciting opportunity to acquire a well-established restaurant business in a highly desirable area of Brentwood.
LEASEHOLD
This well-established UK business offers a unique opportunity to step into a leading position in its sector, benefiting from a substantial client base and strong referral rates.
This business offers a comprehensive turnkey solution in the building sector, known for its skilled workmanship, reliability, and extensive expertise in damp proofing, timber treatments, and structural waterproofing.
|
07
|
|
Sep
|
Collection of seven hotel sites acquired in PE-backed joint venture | COMMERCIAL PROPERTY
A collection of seven hotel sites has been acquired by opera...
|
07
|
|
Sep
|
Building supplies firm strengthens South Coast presence with acquisition | DIVISION SALE
MKM Building Supplies, a Hull-headquartered building supplie...
|
07
|
|
Sep
|
VWV acquires UK legal advisory team from Vistra | DIVISION SALE
Law firm VWV has announced the acquisition of a six-member l...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.