USA Rugby goes bust
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Topic: USA Rugby goes bust
Posted By: Camquin
Subject: USA Rugby goes bust
Date Posted: 30 Mar 2020 at 23:43
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Files for Chapter 11 protection. This is of course separate to Major League Rugby - though they have had to cancel after five rounds, so they will be suffering too. ------------- Sweeney Delenda Est |
Replies:
Posted By: Bill Sley
Date Posted: 01 Apr 2020 at 12:31
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Am I right in thinking that Chapter 11 in the USA is slightly different from Administration in the UK? I vaguely recall Chapter 11 being less about being a 'basket case' and more a protection from creditors whilst restructuring takes place? I realise that the above does happen in the UK too - but (anecdotally) my perception is that 'most' UK administrations turn into being wound up, whilst a significant number of 'chapter 11s' recover? |
Posted By: Richard Lowther
Date Posted: 01 Apr 2020 at 13:32
Yes. ------------- Moderator http://www.leaguerugby.co.uk" rel="nofollow - National League Rugby Message Boards Remember Wakefield RFC |
Bill Sley wrote: