Worcester Warriors could be sold...soon

Sun, 03 Sep 2017 14:29
Large francois hougaard v bristol 2017 800

PREMIERSHIP NEWS: Financially troubled Premiership side Worcester Warriors are poised to put up for sale, according to media reports.

According to The Rugby Paper reports the club have posted £16 million (ZAR 268 million, NZD 29 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 2014/15 season, the club posted losses of £5.5million before making further losses of £6.6million in 2015/16. They lost a further £4 million last season.

It is also speculated that former 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.

Griffiths departed Saracens after sevens years at the club, an era in which the club began their rise to the top of domestic and European rugby. However, the London club also racked up millions of pounds in losses.

Worcester Rugby Football Club dates back to 1871 and owes its foundations to the cleric Rev Francis John Eld.

In 2013 Dean Ryan was appointed Director of Rugby, but Ryan couldn’t prevent relegation during his first season.

In 2014 Warriors were promoted back to the Premiership after two nail-biting tries against Bristol Rugby in the Greene King IPA Championship final.

However last season – despite big name signing like Francois Hougaard and Ben Te’o – they were once again involved in a relegation battle with Bristol.

Source: Rugbypass.com

There are currently no matches being played
FIXTURE GMT VENUE
Sun, 24 September 2017
London Irish v Northampton Saints 13h00 Madejski Stadium
Exeter Chiefs v Wasps 14h00 Sandy Park
Fri, 29 September 2017
Sharks v Golden Lions 17h00 Durban
Newcastle Falcons v London Irish 18h35 Kingston Park
Worcester Warriors v Saracens 18h35 Sixways
Sale Sharks v Gloucester 19h00 AJ Bell Stadium
Glasgow Warriors v Treviso 19h35 Scotstoun Stadium
Leinster v Edinburgh 19h35 RDS Arena
Scarlets v Connacht 19h35 Parc y Scarlets
Sat, 30 September 2017
Griquas v Free State Cheetahs 12h00 Kimberley
Leicester Tigers v Exeter Chiefs 13h00 Welford Road
Munster v Cardiff Blues 13h30 Thomond Park
Northampton Saints v Harlequins 14h00 Franklin's Gardens
Cheetahs v Ospreys 14h00 Bloemfontein
Wasps v Bath 14h00 Ricoh Arena
Zebre v Ulster 14h35 Stadio Sergio Lanfranchi
South Africa v Australia 15h05 Bloemfontein
Dragons v Kings 18h35 Rodney Parade
PREMIERSHIP
MORE LOGS
Team P W D L Pts
Saracens 4 3 0 1 14
Newcastle Falcons 4 3 0 1 14
Exeter Chiefs 3 2 0 1 11
Wasps 3 2 0 1 10
Harlequins 4 2 0 2 10
Bath 4 2 0 2 10
Leicester Tigers 4 2 0 2 9
Northampton Saints 3 2 0 1 9
Gloucester 4 2 0 2 9
Sale Sharks 4 1 0 3 7
London Irish 3 1 0 2 5
Worcester Warriors 4 0 0 4 1