Worcester statement: Club sale is agreed with 'an interested party'

Worcester co-owners Colin Goldring and Jason Whittingham have agreed on terms with an undisclosed buyer for the financially stricken Gallagher Premiership club. The terms of the agreement are still being scrutinised by the respective legal teams and as of Tuesday afternoon it had yet to be signed, the Warriors have confirmed.

The English top-flight club have debts of more than £25million, including £6m in unpaid tax, and faced administration if they were unable to find a new buyer. 

The 130-word Worcester statement on Tuesday evening read: “Warriors can confirm that owners Colin Goldring and Jason Whittingham have agreed the terms of the sale of the club to an interested party. 

“The heads of terms are now with the legal representatives of the respective parties who are going through the detail of the agreement. As of 5pm on Tuesday, September 13, the heads of terms have yet to be signed. 

“In the meantime, we have been working closely with the interested party on the immediate deposit of significant funds which will allow Sunday’s Gallagher Premiership match against Exeter Chiefs at Sixways and Saturday’s Allianz Cup tie between University of Worcester Warriors and Harlequins to go ahead as scheduled.

“We will provide a further update both on the sale of the club and this weekend’s matches on Wednesday,” concluded the statement. Worcester started the new 2022/23 Premiership season with a heavy round one defeat at London Irish last Saturday.