Warriors confirm search for new investor
REACTION: Worcester Warriors Chairman Bill Bolsover confirmed that his club is looking for the "right investor" after a report surfaced last weekend that the club will be put up for sale.
The Rugby Paper reported the club have posted £16 million (ZAR 268 million, NZD 29 million) in losses over the last three years with owner Greg Allen set to part ways with the club.
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.
Following recent reports regarding the future of the club, 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."
The Warriors opened there 2017/2018 Premiership account with a 8-35 loss to Newcatle Falcons in Round One.
Sources: @WorcsWarriors & rugbypass.com