De Klerk dismisses reports and rumours of GLRU 'liquidation' |
|
January 17 – There is absolutely no truth in the media inferences that the Golden Lions Rugby Union is facing liquidation. This assurance comes from GLRU president Kevin de Klerk after published articles that among other statements also refer to the union as ‘cash-strapped.’
The past week or so have produced unsubstantiated press articles as well as rumours to this effect on the various social media platforms in which it is also intimated that the GLRU's former equity partners, the Guma TAC Group, might initiate steps to have the Currie Cup champions liquidated.
“We have a new equity partner in Altmann Allers and I can state categorically there won't be any liquidation,” De Klerk told the website on Tuesday from Rustenburg, where he was at the Lions' three-day training camp. Allers is owner of Glasfit and also the GLRU deputy president.
De Klerk added that the Guma Group did advance money to the GLRU during their equity relationship with the Lions, and that the GLRU lawyers and those of Gumede are currently in the process to determine what the Gumede claim entails.
Any consideration by the Guma Group to apply for liquidation will have to be tested against the GLRU’s debts exceeding their assets. “I can categorically say that this is not the case. The GLRU is definitely not bankrupt,” De Klerk said, “and there is no prospect of liquidation.”
|
|
