Worcester Warriors Administrator Holds Discussions About The Suspended Club’s Potential Buyers | News about Rugby Union
Julie Palmer, a lead administrator, said that “our duty is to creditors but buyers must meet the RFU that they will be able to run a rugby club” when Worcester Warriors was suspended. Only hold negotiations with possible buyers.
Last Updated: 09/28/22 4:23 pm
Worcester Warriors administrators have held “credible discussions” with multiple parties interested in buying the suspended Premiership club and have told Sky Sports News the process needs to be accelerated to conducted in “weeks, not months.”
Julie Palmer is one of the people leading the process of managing Begbies Traynor after Worcester failed to present credible evidence from the RFU earlier this week that its current owners have a viable financial model in place. future.
As a result, Worcester’s participation in the Premiership, Allianz Premier 15s, Allianz Cup and other age group tournaments has been halted, and Palmer admits time is of the essence to proceed with the sale of the club.
“We’ve been in the position for just over 24 hours and our primary focus has been on interacting with interested parties,” Palmer said. News Sky Sports.
“We have expressed concern and credible initial discussions with multiple parties, but we would like someone to come up with a reliable long-term financial proposition.
“Our duty is to the creditors but the buyer must meet the RFU that they will be able to run a rugby club.”
Not all clubs are regulated – WRFC Players Limited, which is responsible for paying the players, is not, which keeps the team within the terms of their contract.
WRFC Players Limited will go to court on October 5, where they face the risk of contract liquidation, at which point players will be released from their contracts.
Since everything is fine, the players will not be paid on time on Friday and from there they will have a 14-day period to get paid before they can sign with other clubs.
The players are currently training alone, but hope they can return to some group training sessions despite leaving the club’s training ground at some point next week.