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View Full Version : Cambridge Rugby Club win winding-up battle



TRF_Hulkster
09-12-10, 09:27 PM
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HM Revenue & Customs have dismissed a winding-up petition against Cambridge Rugby Club, securing the team's immediate future.

Cambridge had reached their survival fund target of 225,000 in November and asked for an initial hearing to be adjourned until 8 December.

A supporters trust raised 167,000 from fund raising and made up the remainder through a bank loan.

The club says it hopes to be trading out of debt within five to seven years.

http://news.bbc.co.uk/sport1/hi/rugby_union/9269551.stm