JERSEY Reds is on the brink of liquidation having ceased trading yesterday evening.
The decision came with an admission that the club would be unable to pay September salaries due this week, and would not be travelling to south-west England to fulfil the scheduled Friday night cup fixture against Cornish Pirates.
The club enjoyed its most famous day at the end of last season, clinching the Championship title for the first time, but have confirmed that ‘liquidation appears inevitable unless a solution can be found in the very short term’.
Reds chairman Mark Morgan said: ‘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.’