Lincoln Crofton Road Rileys snooker club closes

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Friday, March 22, 2013
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The Rileys snooker club on Crofton Road in Lincoln has closed.

The closure was confirmed by a member of staff but it is unclear how many jobs will be lost.

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The Rileys snooker club on Silver Street in Lincoln will remain open for business.

In November last year, a group of investors purchased Rileys, saving 78 of the company's 103 clubs.

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The snooker club operator had suffered a downturn in cash-flow and slower spending by members in the wake of the economic downturn.

Rileys had previously collapsed into administration in 2009, to be saved, albeit with the loss of 200 jobs, by several directors who with others formed an acquisition vehicle called Valiant Sports.

At its peak the company had 165 clubs across the United Kingdom

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