Aviva Premiership Side Set To Go Up For Sale As Losses Spiral Out Of Control
Not good news for the club.
Reports this weekend have revealed that Premiership side Worcester Warriors are set to be put up for sale.
The Rugby Paper are reporting that the club have posted £16 million in losses over the last three years and that it is likely owner Greg Allen will now put the club up for sale. In the the 2014/15 season the club posted losses of £5.5million before making further loses of £6.6million in 2015/16. They lost a further £4 million last season.
It is also speculated that recently departed Saracens CEO Edward Griffiths is interested in forming a consortium to buy out the struggling side. Griffiths has been involved with Worcester since January in a consultancy role.
The Warriors have since responded to the report with the following statement. Chairman Bill Bolsover, speaking on behalf of Sixways Holdings Limited, said:
“The Club can confirm it is always seeking further investment to support our existing shareholders and to ensure that the Club continues to compete at the highest level in the years ahead.
“This is part of our ongoing strategy and we are committed to finding the right partner to help take the Club forward.
“The Club have not set any deadlines on finding the right investor and the shareholders will continue to support the Club as they have done for many years.”