The Scottish Rugby Union has suffered a major financial blow with Canterbury Europe entering administration. Gareth Black pick through the pieces in The Scotsman.
"The demise of Canterbury Europe is a major blow for the SRU, and comes just a week after the national football team's kit sponsor, Diadora, appointed a receiver with 12 months outstanding on a sponsorship deal with the Scottish Football Association.
"...With the rest of the Canterbury Group – including the global Canterbury brand founded in New Zealand – not affected by the administration and continuing to trade as usual, the SRU hopes that the sponsorship deal – described by the union last year as "the largest commercial deal (the SRU] has secured" – can be salvaged. However, a statement from administrator KPMG painted a bleak outlook."
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