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Otago's Tony Brown in action against Auckland during an ITM Cup rugby match. Photo / NZPA, Wayne Drought

The Otago Rugby Football Union will cease trading on Friday, saddled with debts of more than $2.2 million, with no ability to repay them.

The union's annual meeting last night heard the union had posted a loss last year of $862,000, and may not be able to field a team in this year's ITM Cup.

Union chairman Wayne Graham said the union had no other option but to cease trading and would apply to the High Court on Friday to put itself in liquidation.

Should the Government bail-out the Otago Rugby Union? Here is the latest selection of Your Views:

1. your views
2. Rex Fausett says
   "We, the taxpayers, should bail out a bunch of financial incompetents? No way."
3. comments

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