Seven-year administration ends for rugby club

Seven-year administration ends for rugby club

PricewaterhouseCoopers has completed the company voluntary arrangement (CVA) for rugby league club Hull Kingston Rovers, a staggering seven years after it first entered into administration.

Link: Business recovery news

PwC had appointed Edward Klempka and Nick Reed as joint supervisors to the club.

‘This has been a long and complex assignment and we are pleased that the club is now free to pursue its ultimate goal of achieving Super League status,’ commented Klempka.

Hull Kingston Rovers entered into administration in January 1997 and agreed an arrangement with its creditors in December 1999.

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