Isaac
Years ago
Sydney Spirit placed into default
The sole director of Razorbacks Entertainment Pty Limited, Greg Evans, was asked on Tuesday for further information about the company's financial position, in particular his previously stated intention to place the company into the hands of an administrator. A deadline of 4:00pm on Wednesday was set for Evans to respond or the League would immediately initiate default proceedings against the club.
The 4:00pm deadline expired without any further communication from Evans, leaving the League with no option other than to place the Spirit into default. Evans and the Spirit now have 10 business days to rectify the breaches outlined in the default notice or the team's license will be withdrawn.
"We met with all the players and coaching staff of the Spirit this morning to bring them up to date with the situation and answer their questions, and to their credit they have indicated that they are going to continue to prepare for Saturday's match as if it were business as usual," Derwin added.