Thursday, March 1, 2012

Govt bail-out of Otago unlikely: PM

The Otago Rugby Football Union will cease trading on Friday, saddled with debts of more than $2.2 million, with no ability to repay them. 
The union's annual meeting last night heard the union had posted a loss last year of $862,000, and may not be able to field a team in this year's ITM Cup.

Link (submitted by Trent)

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