A COURT move on Monday is set to put Pontypool Rugby Club into administration and pave the way for attempts to find a rescue package.
And a meeting with the WRU on Wednesday could provide further news for the crisis-club beset by financial problems.
The Bob Jude company running the club, Pontypool Premier Rugby Ltd, is due to appear in the High Court on Tuesday to face a winding up order. But that hearing, the result of a move by Gwent sportswear company PSM to recover debts of around £3,500, is now likely to be postponed.
Instead, moves have been started by insolvency practitioners and corporate recovery specialists Purnells, who act for Bob Jude, to apply to the court for them to act as administrators.
This would mean a postponement of Tuesday's hearing and a further hearing in 7 to 10 days when the move into administration is likely to be granted.
This would give a further period of about a month for the administrator to speak to all interested parties to seek the best way forward. It would enable any would-be bidders for the club and its assets to come forward, including Mr Jude if he so desired. It might also provide the best chance for those players owed wages to get something back.
Any bidding would be done with parties putting their bids in sealed envelopes which would be handed in and opened at the same time by the administrator at a date to be determined. Bids could be made by anyone, including the current players and coaches.
"An application for an administration order effectively freezes all the legal processes," said Mr Ray Purnell. "It enables all interested parties to come forward with proposals for the club and for us to explore with the WRU and others the financial situation and other matters. I want to be in and out of administration within a month, hopefully with a solution satisfactory to all."
Wednesday's meeting, as exclusively revealed by the South Wales Argus, has been called by the WRU who will meet Mr Jude and the prospective administrator.
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