Jersey Reds are set to enter liquidation after the island’s politicians voted against financially supporting the Championship club for the rest of the season.
The Championship title-holders announced last week that they were to cease trading after being unable to fulfil September’s payroll.
They are are fourth professional club in England to collapse in a year.
Premiership sides Worcester, Wasps and London Irish have all folded.
“We are bitterly disappointed at the decision in the States Assembly regarding government funding, but hardly surprised,” a Jersey Reds statement read.
“We are proud of what the Reds achieved over the years in consistently difficult circumstances.
“The opportunity to support a valuable asset has been let slip and the Island will be the lesser for it.
“Given the decision and in the absence of a ‘white knight’ we now have no option no but to move our trading vehicle into liquidation. Details of the liquidator will be gazetted in the near future.”
More to follow.
