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Years ago

Locked: Looking for a junior spot?

Can anyone confirm a rumour that I was informed of today that the Central District Basketball Club have filled chapter 12 (bankruptcy) and have been placed in a position that they are not allowed to trade (no junior was allowed to train today as the club is insolvent).

The club has been placed into the hands of an administrator and is financially insolvent (in other words BANKRUPT).

This source was at the AGM today (originally set for the 30th of October) but no one was informed and had to be put back a week.

Unofficially the CDBC owes BASA $85,000 and as much as $35,000 to other parties that require payment to be made ASAP

 

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Random name suggestion for anonymous posters: Vesta 41

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