COVID-19 impact: USA Rugby files for bankruptcy
Shortpedia
Content Team
Image Credit: shortpedia
USA Rugby’s financial troubles became its worst nightmare due to the coronavirus pandemic. Now it has filed for bankruptcy. In a statement on its website, USA Rugby mentioned the Chapter 11 bankruptcy which gives financially struggling organizations a chance to reorganize and restructure debt. The bankruptcy filing includes a blueprint for a financial support package approved by the executive committee of World Rugby.
