Latest update from the Leeds RUFC Board of Directors
We are pleased to confirm that the Company Voluntary Arrangement was approved this morning by a majority of 100%. This is a fantastic result and we are humbled by the 100% support of our creditors who voted to back the arrangement and cannot thank them enough.
We will be building a new Yorkshire Carnegie squad that will be competing in the Greene King IPA Championship for the 2019-20 season.
Having secured the support of our creditors, the approval of the CVA means that LRUFC Ltd can begin plans on and off the field for next season. New arrangements will be agreed with a new playing squad, staff, sponsors and service providers. Our owners Yorkshire Tykes Limited remain supportive and their own Shareholders provided the funding for the CVA proposal and agreed to the budget for next season.
As our club moves forward an additional thanks goes out to our supporters who we value and thank for their patience after a difficult period. We are pleased that given the creditor support they will still be able to watch Rugby Union at Emerald Headingley next season.