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Worcester Warriors' buyers handed takeover ultimatum
By PA
Worcester Warriors’ buyers must complete a takeover of the club by May 2, according to a report issued by administrators Begbies Traynor.
The deadline was activated when Atlas, headed by Jim O’Toole and James Sandford, was chosen on February 1 as the new owners over a rival bid from former director of rugby Steve Diamond.
Worcester were placed into administration in September for unpaid debts, with the Department for Digital, Culture, Media and Sport their biggest creditor having loaned the club £14million.
As a result they were relegated from the Gallagher Premiership, but rather than compete in the Championship next season – due to a dispute over terms with the Rugby Football Union – Atlas announced its plan to merge with semi-professional fourth-tier club Stourbridge.
If Atlas is unable to make the deadline of next Tuesday then Begbies Traynor must find a new party to purchase the club’s assets, which includes Sixways Stadium.
In the 27-page progress report published by the administrators, it is revealed that Atlas would not be able to sell Sixways within five years of purchase if its takeover does proceed.
If the sale fails to go ahead, Atlas will lose a £500,000 non-refundable deposit that was paid on February 1 as an exclusivity fee.
Atlas’ plan to rename Worcester Warriors as Sixways Rugby was abandoned due to opposition from fans.
The RFU announced in February that it was blocking Worcester’s entry into the Championship on account of Atlas’ failure to prove it met its criteria for inclusion, which includes a fit and proper persons test.
“The RFU has been clear that its priority was to enable Worcester Warriors to play in the Championship and Worcester Warriors Women in the Premier 15s in a sustainable way,” a statement read.
“The information required has been asked for repeatedly and deadlines were extended to provide the best possible chance for this to happen.
“Our priority is to ensure the best interests of rugby and the rugby community are preserved.”
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If Razor picked jaded players, where is the role of a squad? Where is the anticipated innovation from this group? The season has been a big disappointment considering the talent available (but left sitting on the sideline). Was ready for a fresh approach after the frustration of the Foster era but we only got more of the same and a timid coaching group.
Go to commentsWatching the game now I get a sense of things to come. Ref puts his flag up when Patricks legs go over the line ages after he has released the ball. That is not out in touch.
Then Tele'a has a brain fade and tries to jump into touch, slapping the ball back, when he should know and be trained in running from outside touch and jumping into the field of play with it. If he had of done that simple fix of altering his approach angle there's noway anyone is getting to him to stop the try.
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