The London office of US firm Locke Lord has snagged its second headline restructuring in under a month, with the mandate from rugby league club London Broncos to advise on its administration.
Restructuring partner David Grant, banking and finance partner Stephen Finch, and associates Marc Abrahams and James Helliwell yesterday filed a notice of intention to appoint administrators for the club.
Earlier in the month Grant was instructed by the administrators of video chain Blockbuster, Moorfields Corporate Recovery partners Simon Thomas and Nick O’Reilly, on its administration (11 November 2013).
The proposed administrators of the London Broncos are Paul Appleton and David Rubin of David Rubin & Partners.
Locke Lord picked up the instruction through an existing relationship with Broncos owner David Hughes, who Finch advised when the team was at legacy Salans prior to founding the US firm’s City office (7 November 2011).
In a statement, London Broncos said the notice “will allow 10 working days for the Club to work with the Rugby Football League and other parties to find a solution to help secure the club’s future and will prevent any creditor from taking action against the club in this period”.
According to press reports, the Broncos’ management have been in talks over the club’s future since it moved out of the Stoop ground at Twickenham and the club’s place in the rugby Super League is under question.