Cardiff Devils
Sat Jun 25, 2011 7:48 pm
http://www.bbc.co.uk/news/uk-wales-13897027
Liquidation for Cardiff Devils, Sheffield Steelers
The company which owns leading ice hockey teams Cardiff Devils and Sheffield Steelers is to go into voluntary liquidation.
Sixteen staff of Cardiff-based Rink Corp Limited are being made redundant after the business was declared "no longer financially viable".
Business licences to trade as "Cardiff Devils" and "Sheffield Steelers" have been issued to two separate companies.
Insolvency practitioner John Cullen says matches will go ahead next season.
He added that season tickets would be honoured.
A meeting of members and creditors will be held on 7 July.
"Despite their best efforts to find a viable way forward the directors of Rink Corp Ltd have been left with no choice but to wind the company up under Section 98 of the Insolvency Act 1986 (creditors voluntary liquidation)," said a statement.
"Rink Corp Ltd runs two ice hockey teams: the Sheffield Steelers and the Cardiff Devils, who were winners and runners up respectively in the Elite League last season."
It said "regrettably" 16 staff at Rink Corp Ltd were being made redundant, with consultation starting on Thursday.
"Whilst every effort has been made to avoid the situation, the company is no longer financially viable," added the statement.
Consultation with affected employees began on Thursday June 23rd. The company has, however, granted two business licences to trade which will enable matches to continue next season and ensure season tickets are honoured.
Liquidation for Cardiff Devils, Sheffield Steelers
The company which owns leading ice hockey teams Cardiff Devils and Sheffield Steelers is to go into voluntary liquidation.
Sixteen staff of Cardiff-based Rink Corp Limited are being made redundant after the business was declared "no longer financially viable".
Business licences to trade as "Cardiff Devils" and "Sheffield Steelers" have been issued to two separate companies.
Insolvency practitioner John Cullen says matches will go ahead next season.
He added that season tickets would be honoured.
A meeting of members and creditors will be held on 7 July.
"Despite their best efforts to find a viable way forward the directors of Rink Corp Ltd have been left with no choice but to wind the company up under Section 98 of the Insolvency Act 1986 (creditors voluntary liquidation)," said a statement.
"Rink Corp Ltd runs two ice hockey teams: the Sheffield Steelers and the Cardiff Devils, who were winners and runners up respectively in the Elite League last season."
It said "regrettably" 16 staff at Rink Corp Ltd were being made redundant, with consultation starting on Thursday.
"Whilst every effort has been made to avoid the situation, the company is no longer financially viable," added the statement.
Consultation with affected employees began on Thursday June 23rd. The company has, however, granted two business licences to trade which will enable matches to continue next season and ensure season tickets are honoured.
Re: Cardiff Devils
Sat Jun 25, 2011 7:52 pm
So does that mean the devils are no longer???/ 
Re: Cardiff Devils
Sat Jun 25, 2011 8:08 pm
Llantrisant Blue. wrote:So does that mean the devils are no longer???/
nope. what was actually said was that the owners of the devils would trade the ownership with another company
Re: Cardiff Devils
Sat Jun 25, 2011 8:16 pm
Well, pedantically, the company running Devils and Steelers are no more.
The rights over the names, franchise rights to the league are thus available for purchase.
What I find interesting is that TWO clubs were owned by the same company - something widely regarded as highly dubious in any major sport.
The rights over the names, franchise rights to the league are thus available for purchase.
What I find interesting is that TWO clubs were owned by the same company - something widely regarded as highly dubious in any major sport.
Re: Cardiff Devils
Sun Jun 26, 2011 9:37 am
It would appear that this coming season may see a Devils team that will be weaker than the one that finished last season. Four main players have already left for pastures anew (Matska, Michel, Weller and Finnerty) and recruitment seems to be slow to say the least. It's quite difficult to attract good players to Cardiff due to the club sticking rigorously to the wage cap (which some think other teams don't), plus the Big Blue Tent isn't exactly a huge attraction for them either, so taking these things into account the Devils did remarkably well last season and even got into the Guinness Book Of Records.
This latest news is another reason to feel that it could be a season of disappointing results ahead.
This latest news is another reason to feel that it could be a season of disappointing results ahead.