British Darts Organisation Enterprises Ltd, which acts as the commercial branch of the BDO have revealed their intention to file for liquidation.
They will file a Notice of Intention to appoint a liquidator; but despite this have remained defiant in their stance to secure the future of grassroots darts in the UK; which a BDO director said they are aiming to do with this move.
“The British Darts Organisation has a long and proud record of standing by and for its members. Today’s announcement does not change that in the least. Our focus is ensuring the longevity of the organisation and despite this setback and some tough decision making; we are committed to making the BDO a success for its members. British darts is safe.”
“We are and will remain totally focused on our members and the Notice of Intention to appoint a liquidator does not change this.”
This comes after a tumultuous few months for the organisation which has seen the BDO World Championship prize fund being slashed, staggering losses during the last financial year; as well as Des Jacklin leaving his role as Chairman to come back a month later.
The cancellation of the Torremolinos Festival of Darts in March gave them no choice to file for a CVL; which is an insolvency procedure which sees directors voluntarily end the company.
The director who was unnamed continued: “The Directors will work closely with the Administrator to ensure creditor claims are addressed.
“However, our message to the membership is that our organisation is financially secure and that our commitment to British darts as a sport for everyone remains now and in the future.”
"Despite this setback and some tough decision making, we are committed to making the BDO a success for its members. British darts is safe."
A message of defiance as BDO Enterprises Ltd announces its intention to file for liquidation 📄👇
— Live Darts (@livedarts) May 9, 2020
Author: Samuel Gill