ADVERTISEMENT
RugbyDump
REGISTER
LOGIN
ADVERTISEMENT
RugbyDump
Wednesday Aug 24, 2022

Worcester Warriors Set To Be Handed Financial Lifeline

Shocked, appalled and frustrated are some of the many terms being thrown around online in relation to the current financial fracas that Worcester Warriors currently find themselves in.

ADVERTISEMENT

The challenges facing the club are now so significant that it appears the current ownership group may not be the ones to lead them forward.

Coming from an unlikely source it would now appear that the Warriors may have found their knight in shining armour.

Former club CEO Jim O’Toole is reported to be in talks with a US backed consortium combined with local Worcester businesses to come in and save the club.

Speaking to the PA news agency O’Toole said “Things happened quickly over the last 24 hours, the group on the ground pulled together some thoughts on what a sustainable long-term business plan would look like, using the assets of the club, the land, the stadium etc.

“Then I had a meeting with my American client this afternoon and they said: ‘We’d really like to see if we can help. We’d like to be part of that consortium; can you please go ahead and push whatever buttons you need to do to start that process.’”

Following his meeting with the administrator, O’Toole said: “We now are very clear on what we need to get to the stage where we can get a rapid decision from the stakeholders involved.”

ADVERTISEMENT

Whilst O’Toole would not name the US backers, he did say they have “multiple interests in sport, but they are a true conglomerate with fingers in many pies and interests in many industries”.

When asked about the clubs potential for the investors O’Toole said, “It’s a strong commercial proposition, because despite the pickle that the current owners put themselves into, they had some very clever ideas as to how to monetise the venue and the club. Some of those will definitely be ideas that can be salvaged and developed in a slightly different way.”

O’Tool closed by paying homage to the city of Worcester,“It’s very difficult to imagine the city of Worcester without a professional rugby club, knowing what it means to so many people. So if I can help facilitate the change of ownership then that would be a good thing.”

“If everything comes together we’ve got a chance.”

ADVERTISEMENT

Comments




Related Articles

  • 83 WEEKS AGO

    Ollie Lawrence hits out Worcester

  • 84 WEEKS AGO

    Exeter chiefs replace tomahawk chop

  • 93 WEEKS AGO

    Freddie Burns Late Night Celebrations



ADVERTISEMENT

Great Tries

  • 8 WEEKS AGO

    The dummy that sold the whole of Perth - including the cameraman

  • 9 WEEKS AGO

    Bayonne score 'one of the best tries you'll ever see' in latest match against Exeter

  • 10 WEEKS AGO

    Baloucoune shows Andy Farrell what he's missing as the winger tears through Harlequins defence

  • 22 WEEKS AGO

    Seriously impressive Courtney Lawes compilation released after England player calls time on international career

  • 24 WEEKS AGO

    Fiji number eight Viliame 'Bill' Mata scores audacious try

View All

Big Hits & Dirty Play

  • 8 WEEKS AGO

    The sending off that rocked the Six Nations opener

  • 8 WEEKS AGO

    Wrecking ball beats 10 players to score full length of the pitch try

  • 18 WEEKS AGO

    Streaker causes major bust up as he tackles player

  • 18 WEEKS AGO

    Monster hit from Perrin leaves Bristol Bears player stunned

  • 20 WEEKS AGO

    Posolo Tuilagi's massive tackle lights up Top 14

View All

See It To Believe It

  • 2 DAYS AGO

    Christian Wade proves he still has the X-factor with 50 metre mazy finish for Racing 92

  • 3 DAYS AGO

    Magical sevens try leaves defender stuck in the mud

  • 6 DAYS AGO

    The fan reaction to Georgia calling out Wales this Autumn

  • 3 WEEKS AGO

    England player ratings: England wake Twickenham up with huge victory

  • 3 WEEKS AGO

    Incredible scenes as Italy shock Scotland in Rome

View All

Funnies

  • 2 DAYS AGO

    Awesome scenes as Blitzbok fan throws down at the HSBC SVNS

  • 5 WEEKS AGO

    Mike Philips recounts crazy night Shane Williams tried to fight Warren Gatland

  • 9 WEEKS AGO

    Shaun Edwards leaves room silent in new Six Nations documentary with French to English transition

  • 18 WEEKS AGO

    Streaker causes major bust up as he tackles player

  • 22 WEEKS AGO

    Luke Cowan-Dickie left red faced after losing very costly bet

View All

Amateur

  • 63 WEEKS AGO

    You Won’t See Many Better Than This Silky-Smooth Try From Llandovery RFC

  • 63 WEEKS AGO

    Incredible Scenes As Caldy RFC Hand Ealing First Championship Defeat Of The Season

  • 86 WEEKS AGO

    Dubious Score Decides Result Of Rugby's Biggest Schools Fixture

  • 86 WEEKS AGO

    Incredible Scenes At School Boys Rugby Match

  • 87 WEEKS AGO

    The Next Dominant Backrow?

View All

Player Features

  • 14 HOURS AGO

    Danny Care to return to Twickenham for Barbarians match this summer

  • 1 DAY AGO

    Northampton Saints brothers retire a day apart

  • 2 DAYS AGO

    Christian Wade proves he still has the X-factor with 50 metre mazy finish for Racing 92

  • 2 DAYS AGO

    Tributes paid as World Cup referee looks to hang up boots

  • 3 DAYS AGO

    Statement: Danny Care calls time on international career

View All