Worcester owners say three parties interested in buying club

Worcester Warriors owners said a deal to sell the club is progressing at “fast pace” and that they have three interested buyers after four local MPs called on the government to place the Premiership side under administration.

Co-owners Colin Goldring and Jason Whittingham said the administration was having a “disastrous impact” on the club, who are due to play their first game of the season at the London Irish on Saturday.

Worcester was served with a settlement application in August over more than six million pounds ($6.94 million) in unpaid taxes and also owes £14million after taking out a long-term loan during the pandemic.

Worcestershire MPs Robin Walker, Harriett Baldwin, Rachel Maclean and Mark Garnier on Monday called on the Department for Culture, Media and Sport to step in and trigger the administration.

“Avoiding administration is in the best interest of the club’s creditors, let alone its players and staff,” Whittingham and Goldring said in a joint statement https://warriors.co.uk/2022/09/05/a- statement-from-the-owners-2 later Monday.

“All three buyers are serious proposals and any deals considered would prevent the club from going bankrupt. One of the buyers is moving particularly quickly.”

Rugby Football Union (RFU) regulations state that a club placed under administration after the start of the season is relegated for the following season.

Premiership Rugby said last week Worcester could take part in the new season after being promised late payment of wages to players, coaches and staff.

“Pursuing a deal that includes payments to all creditors and working capital serves the club and the local community best,” said Whittingham and Goldring, who have co-owned the club since December 2018.

“Forcing Worcester Warriors into administration, as these MPs have asked, risks the club losing its players and staff, losing its P (premiership) share, wiping debt to local businesses and HMRC and facing severe RFU sanctions .”

($1 = 0.8645 pounds)

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