The chairman of a Londonderry boxing club has described losing £2,000 to a company that has gone bust as a “kick in the teeth”.
Cityside ABC had spent a year fundraising to buy a new ring for the children who train at the Creggan based club.
National Task Force — the company that went into receivership last week owing money to community groups across Northern Ireland — had claimed it could obtain a boxing ring worth £4,600 for the Derry club.
But now after the money has been handed over the club is left with no new ring, and its old ring had been donated to a new club that was recently set up in Limavady.
Cityside was contacted by NTF's solicitors claiming that the company had ceased trading as of August 5.
As many as 16 community groups in Northern Ireland are believed to have handed over thousands of pounds to NTF in return for minibuses, while in Scotland and Wales boxing clubs there are also without new rings they paid for.
Cityside chairman Paddy Weir said he did not know how they would train the 40 children that were expected to turn up at the Rath Mor centre last night.
“We were fundraising all through last year trying to raise the money for a new boxing ring. NTF was going to put in the other half, we gave them the money and we were waiting for it to come,” he said yesterday.
“But now we've heard that NTF is out of business and we have no ring and the kids are coming to train tonight for the first time.
“We've given the old ring to a club in Limavady that has just started up. NTF told us that we would have to get rid of our old one and now we've got nothing.”