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.'
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