Supporters of the former finance stricken Premiership rugby club Worcester Warriors are asking questions over the handling around the organisations new owners after it surfaced that the club was put up for sale shortly after it was purchased from the administrator back in September; leaving many confused heads within the famous midlands fanbase.
According to a recent report inย The Mail Online,ย Total Compliance Solutions [TCS], who are an American-based company that are connected to rumoured consortium behind the Sixways takeover, guaranteed an unnamed third party a significant stake in the club said to be in the region of between eight to ten figures.
To many supporters surprise the apparent agreement between TCS and Worcester took place last month just two weeks after the administrator completed the sale of the Warriors to the Atlas Group adding even more on the mountain of chaos at Sixways.
Originally the administrator in charge of the situation, Begbies Traynor, confirmed it’s satisfaction that Atlas Group did in fact have the required funds to purchase and take control of Worcester Warriors and conclude the ongoing financial crisis at the club.
Due to the consistent flow of confusion flooding Sixways, earlier this year the Rugby Football Union [RFU] set a second deadline of the 14th of February for Atlas Group to meet its conditions to sanction the purchase from the administrator in charge.
Nevertheless, to the Warriors faithful’s shock, the Atlas Group pulled out of negotiations due to unknown circumstances subsequently meaning any future takeover would see Worcester only allowed to continue as an organisation below the championship which would cause a severe knock on effects to the community and stadium infrastructure. As of today the club is no nearer to securing a buyer and remains in financial difficulty.
