The statement on Tuesday June 1st from WRU Chief Executive David Moffett brought the curtain down on the Celtic Warriors after just one Welsh Rugby Union Group Chief Executive David Moffett today (Tuesday, 1 June) met with members of the staff of the Celtic Warriors to inform them that a resolution was passed last Friday putting the company into liquidation. There will be a meeting of creditors on Friday, 18 June.
The staff were the first to be told the news that the Celtic Warriors had been placed into liquidation. I would like to thank the players and the staff for their efforts on behalf of the Warriors over the past season, said Mr Moffett. While it is a regrettable decision, the company is not in a position to continue. The debtors far outweigh the creditors and there is simply no money left in the company with which to continue paying the wages of the staff.'
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