WP Rugby (Pty) Ltd liquidation update
“Western Province Rugby (Pty) Limited was placed into final liquidation by the Western Cape High Court this morning. The allegations levelled against Western Province by Aerios (Pty) Limited were found to have no merit and its opposition based on fraud and an abuse of the court process was dismissed by Judge Binns-Ward in his comprehensive judgment delivered earlier today.
Judge Binns-Ward also found that the genuine intention of the Union in bringing the liquidation application was the best interests of Western Province Rugby (Pty) Limited’s creditors.
Aerios’s defences to the application were dismissed as being unpersuasive, with no substance and even ‘fanciful’.
The liquidators, now duly authorised by the High Court, have taken full control of the business of Western Province Rugby (Pty) Limited and will ensure that the winding-up is proceeded with in the best interests of all of its creditors, employees, players and other stakeholders.”
