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Coronavirus latest: USA Rugby forced to file for bankruptcy

:Headline: Coronavirus latest: USA Rugby forced to file for bankruptcy:
The governing body suspended sanctioned competition and rugby activities indefinitely on March 20.

The board of USA Rugby has voted to file for chapter 11 bankruptcy as a result of "insurmountable financial constraints" in the wake of the coronavirus crisis.

The governing body suspended sanctioned competition and rugby activities indefinitely on March 20 due to the ongoing global pandemic.

According to the United States Courts website, a case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a 'reorganisation' bankruptcy.

USA Rugby will undergo a restructuring process with input from World Rugby, while the country's men's and women's senior national teams will continue to compete as normal when rugby returns.

The governing body described the decision as the best way to "deliver a foundation for future stability".

"Following detailed consultation with legal advisers, the USA Rugby board of directors and Congress voted to officially file Chapter 11 bankruptcy as a result of compounded and insurmountable financial constraints," read a statement.

"The current suspension of sanctioned rugby activities caused by the ongoing Covid-19 pandemic has accelerated the existing financial challenges facing the union, and a reorganisation process will now be progressed with input from World Rugby.

The United States men's team are captained by former Cardiff Blues player Blaine Scully (Nigel French/PA)

"The USA Rugby board and Congress agree that filing for Chapter 11 bankruptcy supported by a robust action plan, is the optimal strategy in these exceptional circumstances. It is the best platform to swiftly and efficiently address challenges and deliver a foundation for future stability."

The United States' men's team, ranked 16th in the world, lost each of their four Pool C matches at last year's World Cup in Japan, including a 45-7 defeat to finalists England.

USA Rugby chairman Barbara O'Brien said in a statement: "This is the most challenging period this organisation has faced and all resolves were never taken lightly in coming to this determination.

"While the current climate is of course much larger than rugby, we remain focused with stakeholders and supporters in the continued effort toward a balanced rugby community where the game can truly grow."

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last updated article - 2020-03-30 21:45:29:
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Premier League Table
TeamPWDLFAGDPTS
1Liverpool29271166214582
2Manchester CityMan City28183768313757
3Leicester CityLeicester29165858283053
4Chelsea29146951391248
5Manchester UnitedMan Utd29129844301445
6Wolverhampton WanderersWolves29101364134743
7Sheffield UnitedSheff Utd28111073025543
8Tottenham HotspurSpurs29118104740741
9Arsenal2891364036440
10Burnley29116123440-639
11Crystal Palace29109102632-639
12Everton29107123746-937
13Newcastle UnitedNewcastle2998122541-1635
14Southampton29104153552-1734
15Brighton & Hove AlbionBrighton29611123240-829
16West Ham UnitedWest Ham2976163550-1527
17Watford2969142744-1727
18Bournemouth2976162947-1827
19Aston Villa2874173456-2225
20Norwich CityNorwich2956182552-2721
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