In real terms, the impetus for Fitzroy’s demise was the appointment of a voluntary administrator by some oblique foreign bank creditor.
From that point, the only options for the Club were return to its former state (er- not possible), some agreement with creditors (LOL) or liquidation.
Given all the talk of RFC off-field problems, a similar appointment or some other insolvency process must be a considerable risk for the RFC.
The question must be asked, who are our creditors and can their tolerance of a >$2 million owing be assured?
From that point, the only options for the Club were return to its former state (er- not possible), some agreement with creditors (LOL) or liquidation.
Given all the talk of RFC off-field problems, a similar appointment or some other insolvency process must be a considerable risk for the RFC.
The question must be asked, who are our creditors and can their tolerance of a >$2 million owing be assured?
