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Borjomi Football Club is Bankrupt

Borjomi Football Club is Bankrupt

LLC Borjomi Football Club is bankrupt. The due decision was passed by Tbilisi City Court.

Under Tbilisi City Court decision, the club was announced bankrupt and its registration in business registry was abolished. According to the decision, the company debts before the state budget is 3 314.72 GEL.

Borjomi Football Club is an enterprise founded by state co-participation. Real estate registered on behalf of Borjomi FC is located in Borjomi and is owned by the government.

No money is recorded on the football club bank account.

“LLC Borjomi Football Club is insolvent and is unable to satisfy due payments of creditors and cover processing costs by its own property”,  the court decision reads.