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    Home » Rugby » Warriors of Worcester: Club’s plan to return to the Championship is rejected by RFU, but Wasps’ application is approved.
    Rugby

    Warriors of Worcester: Club’s plan to return to the Championship is rejected by RFU, but Wasps’ application is approved.

    December 17, 2022Updated:December 17, 2022No Comments3 Mins Read
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    Wasps have been granted permission to participate in the Championship subject to a number of conditions.

    Bids from potential buyers of the two troubled clubs were being evaluated by the RFU board.

    After entering administration, both teams were initially placed on probation before being eliminated from the Premier League in October.

    Ex-Warriors CEO Jim O’Toole and his Atlas consortium have offered Worcester, whose debts were more than £30 million when they went bankrupt.

    Map book had blamed the administering body for attempting to force “grave functional circumstances”.

    Atlas issued a statement on Friday in response to the RFU’s decision, calling for government intervention and stating that it was “reviewing legal options.”

    The Rugby Football Union stated that it had “put forward a number of conditions” for the potential buyers, such as promises not to dispose of land around Sixways and “swift” payment to rugby creditors.

    The statement went on to say that the RFU board was unable to approve the bidders’ application because “the bidders, selected by the administrators of the insolvent WRFC Trading Limited.

    “The RFU will now collaborate with the administrator to facilitate alternative bids that would secure professional rugby at Sixways” and to establish a timetable for this.

    The RFU’s decision has prompted the renewal of the alternative main bid, which was announced on October 27 by a consortium led by former Warriors director of rugby Steve Diamond and an unidentified ally, the former club’s main sponsor, local Hartlebury businessman Adam Hewitt.

    Diamond told BBC Hereford & Worcester on Thursday, after immediately stating his continued intentions on Twitter: Evidently, JOT’s consortium received preferred status. However, Adam and I cleaned ourselves up and ensured that our proposal was prepared for any eventuality.

    “The respective valuations were the deciding factors. The other consortium’s was slightly less than ours. However, Adam and I both have extensive business experience, and I have also managed rugby clubs for the past two decades.

    A common problem we see w the younger athlete is the lack mvt creativity.When there’s too much structure early on &everything is preplanned,they have no choice but to move like robots. When developing general abilities,we believe it’s important to have an emphasis on creativity. pic.twitter.com/CxeFstzN1d

    — James Smith (@TheUofStrength) June 30, 2018

    “Am I surprised by what has occurred? Yes, and actually no. The RFU has been criticized for its fit and proper persons.

    ‘ process, which was criticized for having no or very little compliance, and it has now, quite rightly, made it more stringent.”

    Diamond, on the other hand, remains convinced that he can get the Warriors ready for the Championship in September 2023. Next week, he will travel to Worcester to meet with other consortium members, including Hewitt.

    Bill Sweeney, head of the RFU, said: We are willing to extend the deadlines to see if there is another bidder whose business plan places the continuation of rugby in Worcester at the center.”

    The RFU’s financial viability group, which included members of the RFU board, council, and executive staff, as well as representatives from Premiership Rugby, the Championship, and National League Rugby, in addition to specialist insolvency experts, Conducted a due Diligence process before making decisions regarding Wasps and Worcester.

    Given the conditions being placed on any Proposed Purchase, the joint Administrators/Receivers are willing to Re-enter discussions with any interested parties, but they will first need to satisfy the RFU’s Takeover process.

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