English club rugby's bleak financial climate has claimed another victim after Jersey Reds announced they have ceased trading.
The Reds claimed their first RFU Championship title last season but after 11 years in the second tier and a decade as a professional outfit, they face liquidation unless emergency funding can be secured.News of their likely demise comes after Gallagher Premiership clubs Wasps, Worcester and London Irish entered administration during the 2022-23 campaign, reducing the top flight to a 10-team competition.
'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.
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