Welsh Rugby Union Group Chief Executive David Moffett today (Tuesday, 1 June) met with members of the staff of the Celtic Warriors to inform them that a resolution was passed last Friday putting the company into liquidation. There will be a meeting of creditors on Friday, 18 June.
"The staff were the first to be told the news that the Celtic Warriors had been placed into liquidation. I would like to thank the players and the staff for their efforts on behalf of the Warriors over the past season," said Mr Moffett.
"While it is a regrettable decision, the company is not in a position to continue. The debtors far outweigh the creditors and there is simply no
money left in the company with which to continue paying the wages of the staff.'
As the countdown continues for RWC2015, Tournament Chief Executive Debbie Jevans visited the Millennium Stadium to discuss preparations for the eight matches and reveal the positive news that 100,000 tickets for games at the home of Welsh rugby have sold in the last seven days.
Jason Harries is targeting a first win on the World Series circuit this season with Wales. The series returns to action this weekend in Dubai where Harries is part of a team hoping to build from its efforts in round one in October.
Wales skipper Jevon Groves says his side have addressed a few points from Gold Coast and aim to 'hit the ground running' in the next two rounds of the World Series, kicking off with this weekend in Dubai before heading off to South Africa next week.
Wales Sevens manager Steff Thomas is hopeful his side can build from a quarter-final spot in the opening round of the World Series in Australia when his side take part in the forthcoming double header in Dubai and South Africa.