Worcester Warriors: Owners say club sale deal is moving at ‘fast pace’ with three ‘serious offers’ considered | Rugby Union News


Worcester received a ‘liquidation petition’ by HMRC; owners say decision to sell club is going ‘quickly’; Four local MPs have called for the club to be placed in administration, which would most likely mean relegation for the team.

Last update: 05/09/22 22:12

The Worcester Warriors are awaiting news on whether a sale of the club will take place or if the DCMS will place them in administration

Worcester Warriors owners say a deal to sell the club is moving forward “quickly” with three “serious proposals” under consideration after four area MPs called for the club to be placed into administration.

In a joint statement released by co-owners Colin Goldring and Jason Whittingham, they expressed their disappointment at the four MPs, Robin Walker, Harriett Baldwin, Rachel Maclean and Mark Garnier, who called for the club to be placed into administration and revealed that any deals being considered would ‘avoid the club going into administration’.

The club faced serious financial uncertainty with debts believed to exceed £25m, plus HM Revenue and Customs freezing Worcester’s finances in its pursuit of unpaid taxes estimated at over £6m.

It was only confirmed on Wednesday that they would be able to pay the August payroll due the same day.

“We are disappointed to read the press release from four local MPs calling on the Ministry of Digital, Culture, Media and Sport [DCMS] to force the Worcester Warriors into administration,” they said.

“We would like to make it clear that we have kept DCMS fully informed of the financial situation of Worcester Warriors.

“They are aware of the options that are on the table to save the club as well as the dire implications posed to the club by any administration.

“DCMS is aware that three buyer groups are in discussion with us.

Worcester Warriors players and staff have pleaded for the club's owners to find a solution to its financial woes in a series of social media posts.

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Worcester Warriors players and staff have pleaded for the club’s owners to find a solution to its financial woes in a series of social media posts.

Worcester Warriors players and staff have pleaded for the club’s owners to find a solution to its financial woes in a series of social media posts.

“The three buyers are serious offers and any deals under consideration would save the club from going into administration.

“One of the buyers is moving at a particularly fast pace.”

The MPs, who are all from the county, explained in their own statement that they had asked for the club to be placed under DCMS administration to ‘protect Premiership status’.

Their joint statement said: “Over the past week, club staff and players have faced significant uncertainty with missed pay deadlines and repeated insurance shattered.

“Cell phones stopped working and cars were taken away from players.

“Events scheduled to take place at Sixways had to be canceled as vendors and caterers were not paid on time.

“While there appears to be interest in new investors coming into the club, interested parties have made it clear that they see the best hope of securing its future being a purchase through a director.

“As the club’s largest debt is owed to the government through Sport England, MPs are calling on DCMS to initiate administration as quickly as possible.

“The hope is that this can then lead to a quick turnaround with new owners bringing capital to the club in time for the Premiership season.

“In addition to the enormous value of the first rugby itself at Sixways, MPs want to secure the future of the Warriors Community Foundation and the vital work it does to support thousands of vulnerable people across both counties.”

On Friday afternoon, it was announced that Whittingham and Goldring were selling Ligue 1 football club Morecambe, which they own through their company Bond Group Investments.




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