Tigers to enter CVL due to £500,000 debt

Telford Ice Sports Ltd, the company behind Telford Tigers, have instructed Robson Scott Associates, a firm of Business Recovery Specialists and Insolvency Practitioners, to assist in placing the company into Creditors’ Voluntary Liquidation.

Robson Scott’s Chris Horner issued a statement confirming this is expected to happen at a meeting of creditors due to be held on 30th November 2016.

“Current figures suggest that the creditor level will be in the region of £500,000, the majority of which is due to the investors in respect of financial support provided prior to the appointment of the current board of Directors,” said Horner.

“We understand that the team has a strong fanbase and we are currently looking at a number of different options to preserve the team.

“Third parties have already registered an interest in taking the team forward and we are open to receiving contact from any further parties who may hold an interest in the same.

“It is currently understood that this weekend’s games are anticipated to go ahead and the owners of the club will make a decision in relation to this later in the week.”

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(Image permission: John Uwins)

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