ADVERTISEMENT
RugbyDump
REGISTER
LOGIN
ADVERTISEMENT
RugbyDump
Friday Sep 29, 2023

Jersey Reds player evicted from own home following club collapse

Jersey Reds announced yesterday that their club had ceased trading. This revelation followed the financial turmoil that had caused the Championship winning club to warn of impending liquidation.

With players and staff now jobless and missing previous wages, there are more serious problems at work.

Former Reds player Dan Barnes has taken to Twitter to express his shock at the situation, and has detailed the dire condition he now finds himself in.

The inside centre said:

“Waking up this morning to:

Landlord turning up, no rent paid and facing eviction immediately.

No pay cheque, no money

Bills taken out

No job

Friends for life in pieces.

How did this happen in 24hours!?”

This shows the fragile nature of underfunded Championship sides and the shocking effect a club closure can have on the employees.

Despite the club performing incredibly well on the field, their state of affairs off the field has not had the same fortunes. The Covid effect has put huge pressure upon a club looking to continue to financially support their professional players and staff, as well as maintain a stadium they bought pre-pandemic.

The club were on a sturdy financial footing pre-pandemic when they were supported with a funding allocation from the RFU of £500,000 per year. Since that time, that figure has since been reduced to just £150,000, making it unsustainable for the club to continue at their current pace.

Reds chairman Mark Morgan said in a club statement: “We had been able to start the season and maintain sufficient funds to cover the summer, but regret that our conversations with potential new investors as well as existing ones have been unsuccessful,”

“At one stage at the end of last season it appeared there was a viable way forward for the second tier once the new Professional Game Agreement was implemented from summer 2024, but Championship clubs have been left in the dark since that point and this led to a growing fatigue among those who may have invested, but could not be given any concrete assurance about when the new structure would come in, or how it would be funded.

“There are a large number of players, coaches and other members of staff who have made huge contributions to the club in recent seasons, and we regret that the massive effect this will have on all of them – it’s a very sad day.”

“It is extremely disappointing that investors would take decisions at this early point in the season to place the club in such a position,” the RFU contributed to the discussion.

“Championship clubs had clear confirmation from the RFU on funding for the 2023-24 season and we have been working with the Championship and Premiership Rugby on the new Professional Game Partnership and shape of Premiership 2 with funding levels to be confirmed at the end of this calendar year.

“The Championship has been fully involved in these discussions since February which are aimed at stabilising and strengthening the professional game.”

Jersey Reds claim that they are now unable to pay players and staff their wages that are due at the end of this month, and that the club will face full liquidation if a new buyer is not found.

ADVERTISEMENT

Comments




Related Articles

  • 29 WEEKS AGO

    Springbok flyhalf Handre Pollard talks ahead...

  • 29 WEEKS AGO

    Shocking record set to be broken at this...

  • 29 WEEKS AGO

    Irish players prove the work/life balance...



ADVERTISEMENT

Great Tries

  • 1 WEEK AGO

    Five of the best tries from the Investec Champions Cup

  • 11 WEEKS AGO

    The dummy that sold the whole of Perth - including the cameraman

  • 12 WEEKS AGO

    Bayonne score 'one of the best tries you'll ever see' in latest match against Exeter

  • 12 WEEKS AGO

    Baloucoune shows Andy Farrell what he's missing as the winger tears through Harlequins defence

  • 25 WEEKS AGO

    Seriously impressive Courtney Lawes compilation released after England player calls time on international career

View All

Big Hits & Dirty Play

  • 6 DAYS AGO

    Fiji Drua player Lomani slapped with ban following elbow attack

  • 11 WEEKS AGO

    The sending off that rocked the Six Nations opener

  • 11 WEEKS AGO

    Wrecking ball beats 10 players to score full length of the pitch try

  • 21 WEEKS AGO

    Streaker causes major bust up as he tackles player

  • 21 WEEKS AGO

    Monster hit from Perrin leaves Bristol Bears player stunned

View All

See It To Believe It

  • 1 WEEK AGO

    Tickets now on sale as World XV set to face France in thrilling encounter

  • 1 WEEK AGO

    '60 metres, plus change' - massive drop goal stuns fans

  • 1 WEEK AGO

    Referee makes 'tackle of the season' as he gets too close to the action

  • 3 WEEKS AGO

    Christian Wade proves he still has the X-factor with 50 metre mazy finish for Racing 92

  • 3 WEEKS AGO

    Magical sevens try leaves defender stuck in the mud

View All

Funnies

  • 1 DAY AGO

    Louis Rees-Zammit's real reason for NFL move exposed

  • 2 WEEKS AGO

    George Ford falls victim to the kickers curse

  • 3 WEEKS AGO

    Awesome scenes as Blitzbok fan throws down at the HSBC SVNS

  • 8 WEEKS AGO

    Mike Philips recounts crazy night Shane Williams tried to fight Warren Gatland

  • 12 WEEKS AGO

    Shaun Edwards leaves room silent in new Six Nations documentary with French to English transition

View All

Amateur

  • 66 WEEKS AGO

    You Won’t See Many Better Than This Silky-Smooth Try From Llandovery RFC

  • 66 WEEKS AGO

    Incredible Scenes As Caldy RFC Hand Ealing First Championship Defeat Of The Season

  • 89 WEEKS AGO

    Dubious Score Decides Result Of Rugby's Biggest Schools Fixture

  • 89 WEEKS AGO

    Incredible Scenes At School Boys Rugby Match

  • 90 WEEKS AGO

    The Next Dominant Backrow?

View All

Player Features

  • 0 HOUR AGO

    Statement: Ken Owens forced to retire with immediate effect

  • 3 HOURS AGO

    Statement: Finn Russell injury update

  • 4 DAYS AGO

    TJ Perenara equals record as Hurricanes continue perfect season

  • 5 DAYS AGO

    Mitch Drummond pays tribute to the Mo'unga family in emotional interview

  • 5 DAYS AGO

    Julian Savea rolls back the years with 'bus' style finish

View All