Warriors taken over by consortium including ex-Worcester chief
1 year, 11 months ago

Warriors taken over by consortium including ex-Worcester chief

The Independent  

Sign up to our free sport newsletter for all the latest news on everything from cycling to boxing Sign up to our free sport email for all the latest news Sign up to our free sport email for all the latest news SIGN UP I would like to be emailed about offers, events and updates from The Independent. Julie Palmer, partner at Begbies Traynor, said: “Following a complex process, we are now able to progress the sale of Worcester Warriors and associated assets to Atlas Worcester Warriors Rugby Football Club Limited. “We are delighted to see that there is a clear plan in place to deliver both rugby and many other exciting community-focused initiatives to Sixways, befitting the fabulous facilities and which will entertain the extensive support base.” In December, Atlas saw a bid rejected on the grounds of its refusal to meet conditions set by the Rugby Football Union to rejoin English rugby’s league structure. “The proposed buyers of Worcester Warriors had informed the RFU that they were not prepared to meet the conditions set, which included commitments not to dispose of land around Sixways Stadium without approval, and were unable to satisfy the RFU of the sources and sufficiency of funding,” the RFU said. “If that position changes within the deadline, the RFU will be able to reconsider whether the application can be approved, but if not, then unfortunately the RFU decision will remain the same.” In the case of Wasps, the RFU board conditionally approved the takeover, but not all the conditions set have yet been met Rugby Football Union Wasps, meanwhile, also went into administration earlier this term, and hope to play in the Championship next season under new owners.

History of this topic

Wasps and Worcester Warriors discover league future after administration
1 year, 10 months ago
Worcester Warriors change name as new owners reveal plans
1 year, 10 months ago
Worcester suffer hammer blow after takeover rejected, but Wasps set to play in the Championship
2 years ago
Prospective Worcester owners accuse RFU of trying to impose ‘over-onerous terms’
2 years ago
Preferred new Worcester owners planning Drive To Survive-style documentary
2 years, 2 months ago
Worcester relegated from Premiership after partial liquidation
2 years, 3 months ago
Worcester Warriors suspended from all competitions and placed into administration
2 years, 3 months ago
Worcester Warriors suspended from all competitions after missing RFU deadline
2 years, 3 months ago
Worcester Warriors coach Steve Diamond offers to help pay the club's bills out of his own pocket
2 years, 4 months ago
Worcester Warriors financial troubles continue as a player is left HOMELESS
2 years, 4 months ago
Worcester Warrior players will get paid their wages but only afford to pay 65% of what is owed
2 years, 4 months ago
Worcester Warriors teeter on brink of oblivion and wages will NOT be paid on Wednesday as expected
2 years, 4 months ago
Newly-formed consortium could save Worcester from administration
2 years, 4 months ago
Debt-ridden Worcester Warriors on brink of collapse
2 years, 4 months ago
Wigan Athletic: Rugby league’s Wigan Warriors owners announce intention to buy neighbours
4 years, 6 months ago

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