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Soccer club's bankruptcy petition to be heard on March 5

11:46 30/01/2012

MOSCOW, January 30 - RAPSI, Dmitry Schitov. A court has rescheduled for March 5 its hearing of Saturn FC application for own bankruptcy, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com) on Tuesday.

The club's receiver has requested a delay as some of the creditors' claims have yet to be considered, although filed in due time.

The Moscow Region Commercial Court upheld Saturn's bankruptcy petition on June 30, 2011, and put it into administration.

The debtor told the court in summer that as little as 15 million rubles ($494,000) had been recognized by courts out of the 342 million ruble ($11 million) debt owed to club personnel, while its total debt amounted to 1.259 billion rubles ($41.5 million).

Saturn declared its voluntary departure from the Premier League in January 2011 and wound up. It represented the entire Moscow Region in the recent years.

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Soccer club's bankruptcy petition to be heard on March 5

11:46 30/01/2012 A court has rescheduled for March 5 its hearing of Saturn FC application for own bankruptcy.
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