responsible for winding up Coventry rugby clubs affairs today answered criticisms
levelled by the clubs chairman Keith Fairbrother.
Fairbrother is refusing to hand over £10,500 owed from the purchase of the club
claiming the receiver owes £25,000 to the club.
Now the receiver John Kelly of the Birmingham firm Buchler Phillips has started
bankruptcy proceedings against the rugby club.
He said today:
"When we sold the former Coventry rugby club we agreed to defer £10,500 of the
selling price on the understanding that Keith Fairbrother personally guaranteed it. He
agreed to do that.
"That money became due for payment on February 26th but Mr Fairbrother
says we cannot have it because he is claiming £25,000 which was received from the English
Rugby Partnership. All clubs receive money from the Partnership.
"The former club had no money and the Partnership paid it to us to pay court costs
and to secure the receivers and to secure the club.
"All that was before we entered into negotiations with Mr Fairbrother. He is not
entitled to it and the English Partnership has told him he is not entitled to it. We have
no case to answer."
On the matter of the £10,500 Kelly said:
"Mr Fairbrother personally guaranteed the money to us. We told him please pay
because failure to do so will involve bankruptcy proceedings.
"My responsibility is to collect monies due to the former Coventry rugby club and
in due course distribute that money to creditors. He owes £10,500 which it is my
statutory duty to collect."