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.
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