1
PRO14 issues statement after Southern Kings go bust
By Online Editors
PRO14 officials have issued an update regarding the involvement of South African teams in the five-nation tournament. Southern Kings, who along with the Cheetahs, joined the league in 2017 went into voluntary liquidation on Saturday.
The Kings shareholders, the Eastern Province Rugby Union (EPRU) and SA Rugby, took the decision in the face of an accumulated deficit of R55million, and with zero income in prospect for the remainder of 2020.
“The hard fact is that the Kings are insolvent, with significant debts and zero assets and it would have been reckless of the board to continue to trade,” said board chairman Andre Rademan.
Now PRO14 have responded, issuing a statement on Wednesday that read: "On August 25, PRO14 Rugby acknowledged that under current international travel restrictions it is not possible for South African teams to fulfil Guinness PRO14 fixtures until 2021.
"PRO14 Rugby welcomes the news that the South African Rugby Union has been able to arrange a domestic schedule for its professional teams and that this is the first step in the return of their teams to on-field action.
"SA Rugby’s long-standing commitments are to field two teams in the Guinness PRO14 and in light of the withdrawal of the Southern Kings, discussions are on-going about fulfilling this agreement from 2021 using a replacement team from its current professional franchises.
"Additionally, both PRO14 Rugby and SA Rugby are in early discussions about potentially expanding the tournament and deepening our partnership to include more South African franchises from 2021."
Mark Alexander, SA Rugby president, has stated at the weekend that extending additional credit to the Kings, an insolvent entity, at a time when the rugby industry was required to make a saving of R1.2bn to stay afloat this year was not an option.
“The history of the Kings has been one of expectation and anticipation but unfortunately the parallel story of commercial failure couldn’t be wished away any longer,” he said. “The debts the organisation has accumulated over the years are considerable and in the current environment, the only certainty was that they would grow.
"The membership of SA Rugby has invested heavily in the Kings project but it is now time for a re-examination of what is the appropriate and sustainable pathway for rugby in the Eastern Province.”
Trending on RugbyPass
2
Player-led change gets thumbs up but jury out on selection: Andy Goode
3
Six England players who've boosted their Lions hopes this Six Nations
4
Gareth Anscombe fires back at ex-Wales coach Warren Gatland
5
Latest Comments
As an artist, I’ve always been focused on my creative pursuits and never really ventured into the world of high-risk financial investments. But, like many others, I was drawn to the idea of making money quickly through Forex trading. Unfortunately, I fell victim to a Forex scam and lost a large portion of my savings. The financial loss was devastating, but the emotional toll was even worse. I felt betrayed, and hopeless, and wasn’t sure where to turn next. One day, while browsing through Red Note, a platform where people connect over shared experiences, I came across a post from someone who had gone through a similar situation. They shared how they managed to recover their lost funds through a company called Tech Cyber Force Recovery. Desperate for a solution, I decided to reach out to them and explain what had happened to me. I was initially skeptical, unsure whether this was just another scam or if it could be the real deal. To my surprise, the team at Tech Cyber Force Recovery was professional, compassionate, and genuinely interested in helping. They listened carefully to my story and assured me that they had the expertise and resources to help recover my lost funds. The process would take time, they said, and I’d need to provide some documentation, but they were confident that they could help. After several conversations and a thorough investigation, they started working on my case. The results were incredible. Within a relatively short period, Tech Cyber Force Recovery managed to recover nearly all of the funds I had lost. It wasn’t an easy process, and it required patience, but the team’s dedication, attention to detail, and methodical approach paid off. I felt an overwhelming sense of relief and gratitude. What had once seemed like a permanent loss was now being reversed, thanks to the help of Tech Cyber Force Recovery. Not only did the recovery restore my financial situation, but it also restored my sense of trust and confidence. I had almost given up hope, but now, with my funds recovered, I feel like I can move forward. I’ve learned valuable lessons from this experience, and I’m more cautious about my financial decisions in the future. What began as a desperate search on Red Note turned into a life-changing recovery. Thanks to Tech Cyber Force Recovery, I now feel more hopeful about my financial future, with the knowledge that recovery is possible.telegram (@)techcyberforc texts (+1 5.6.1.7.2.6.3.6.9.7)
Go to commentsJust too short to be an international 7.
Go to comments