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Page last updated at 11:15 GMT, Wednesday, 18 August 2010 12:15 UK

Launceston Rugby Club enter into liquidation


Launceston Rugby Football Club Limited have announced they have gone into voluntary liquidation.

The National One side, known as the Cornish All Blacks, has been struggling financially for some time.

Earlier this year falling gate receipts and a drop in sponsorship led to players taking a wage cut.

A statement on the club website said it had not succeeded in coming to an agreement with its major creditor, Her Majesty's Customs and Revenue.

The club took the step of going into voluntary liquidation to avoid being put into receivership.

The RFU will make a decision on whether or not to take any punitive action against us

Jim O'Hara, Launceston's President

Launceston's president, Jim O'Hara, told BBC Cornwall that the club has started a new company, Launceston Rugby Club Limited, which should allow the Cornish All Blacks to continue playing next season.

O'Hara said: "We almost most certainly will play next season but we have to follow the RFU's guidelines and regulations.

"The new company has to submit a three-year business plan which will be scrutinised by the RFU and the RFU have to make a judgement on how sound the business plan is.

"The RFU will then make a decision on whether they will accept that request from us, and also decide whether or not to take any punitive action against us."

Launceston were founded in 1948 and have been at their Polson Bridge ground since 1970.

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see also
Launceston admit cash-flow issues
23 Jan 10 |  Rugby Union
Hill departs Cornish All Blacks
01 May 10 |  Rugby Union
Redruth players handed wage cut
19 Nov 09 |  Rugby Union
Mounts Bay fall off the rugby map
24 Jul 09 |  Rugby Union
Albion players facing a pay cut
20 Jan 09 |  Rugby Union

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