Phillips family become creditors

Former owner: Bob Phillips
Former owner: Bob Phillips
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The Phillips family, who sold Sheffield Steelers to tycoon Paul Ragan in the new year, are among the creditors of Ragan’s company which crashed last week.

It appears a payment due to be made to Maraini Phillips, who ran the club alongside her husband Bob, was never made and is now one of the debts being listed by insolvency practioners. Bob Phillips says his wife’s company ‘RM Sports’ which ceased trading at Christmas was around £22,000 out of pocket.

The creditors of Rink Corp meet in Cardiff on July 7.

Their number appears to include hockey shirts provider CH Sports and a coach company used by Devils players.

Rink Corp, the South Wales-based parent company of Steelers and Cardiff Devils, went into liquidation in the same way as Sheffield experienced on two occasions under the Phillips.

Ragan has told the Western Mail that the last couple of months had been ‘among the worst of my life’ and will now commit to ensuring Cardiff Devils have a competitive team again.