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Worcester winding up order
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Count Ford View Drop Down
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Points: 412 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Count Ford Quote  Post ReplyReply Direct Link To This Post Posted: 12 Oct 2022 at 21:37
Originally posted by Steve@Mose Steve@Mose wrote:

Worcester Warriors to appeal against Premiership suspension and relegation




The outcome of that appeal will show what is left in Rugby for any semblance of fairness. While these situations are awful for fans/players/staff/suppliers of these clubs I see absolutely no reason why they should be treated as a special case. The downfall was caused by selling the club for next to nothing to owners already know at the time to be somewhat suspect
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Points: 2761 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Steve@Mose Quote  Post ReplyReply Direct Link To This Post Posted: 12 Oct 2022 at 19:26
Worcester Warriors to appeal against Premiership suspension and relegation


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Points: 11158 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Camquin Quote  Post ReplyReply Direct Link To This Post Posted: 10 Oct 2022 at 09:19
And they have not been - yet.
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Points: 457 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Stoatgobbler Quote  Post ReplyReply Direct Link To This Post Posted: 10 Oct 2022 at 07:50
Originally posted by greenpower greenpower wrote:

why have they only been relegated to the championship  and not to the bottom of the league structures  like  other clubs have  ?


I think it's because the other clubs were liquidated.
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Points: 1381 		Post Options Post Options   Thanks (0) Thanks(0)   Quote WEvans Quote  Post ReplyReply Direct Link To This Post Posted: 07 Oct 2022 at 15:38
Originally posted by Runitback Runitback wrote:

They still might get a reprieve and stay in premiership if they can pretend it was all because of covid!!!!!

They might get away with that if they can persuade the two disreputable cowboys who owned the club to change their surnames to Covid.
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Points: 1381 		Post Options Post Options   Thanks (0) Thanks(0)   Quote WEvans Quote  Post ReplyReply Direct Link To This Post Posted: 07 Oct 2022 at 15:37
Originally posted by Halliford Halliford wrote:

I know that Club DoRs are talking to Steve Diamond about new contracts for his players, particularly the Academy players who earn the least. 

Going forward, there has to be an Ownership test, however, the RFU doesn’t have control, that is down to PRL whose credibility has disappeared.



If only PRL had the credibility of the RFU eh?
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Points: 2761 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Steve@Mose Quote  Post ReplyReply Direct Link To This Post Posted: 06 Oct 2022 at 21:21
Originally posted by Runitback Runitback wrote:

They still might get a reprieve and stay in premiership if they can pretend it was all because of covid!!!!!


Quote
Financially stricken Worcester Warriors have been suspended for the rest of the Premiership season and will be relegated from the top tier.

The decision was taken by the Rugby Football Union's (RFU) club financial viability group to give time to find an investor and the "best chance for a long-term sustainable future".

Worcester players and staff had their contracts terminated on Wednesday when part of the club was wound up.

The club can appeal against the ruling.

To be successful, the Warriors would need to show there was no fault for the insolvency event.

.....

The RFU also said work is ongoing with an unnamed potential investor to ensure the University of Worcester Warriors women's team can continue competing in the Premier 15s for the remainder of the season. However, their Allianz Cup tie against DMP Sharks on 15 October will not go ahead.

Conditions of takeover confirmed

While WRFC Players Ltd - through which players and staff were paid - has been wound up, a winding-up petition against WRFC Trading Limited, which remains in administration, has been suspended.

It has been confirmed that a condition of any takeover deal will require the payment of all rugby creditors, including any outstanding salaries owed to staff, players and coaches.
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Points: 1211 		Post Options Post Options   Thanks (2) Thanks(2)   Quote Runitback Quote  Post ReplyReply Direct Link To This Post Posted: 06 Oct 2022 at 20:52
They still might get a reprieve and stay in premiership if they can pretend it was all because of covid!!!!!
Run with it
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Points: 3311 		Post Options Post Options   Thanks (0) Thanks(0)   Quote greenpower Quote  Post ReplyReply Direct Link To This Post Posted: 06 Oct 2022 at 20:06
somebody  maybe able to explain why
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Points: 2747 		Post Options Post Options   Thanks (0) Thanks(0)   Quote KnightsBoy Quote  Post ReplyReply Direct Link To This Post Posted: 06 Oct 2022 at 20:03
Originally posted by greenpower greenpower wrote:

why have they only been relegated to the championship  and not to the bottom of the league structures  like  other clubs have  ?

My thoughts exactly
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Points: 3311 		Post Options Post Options   Thanks (0) Thanks(0)   Quote greenpower Quote  Post ReplyReply Direct Link To This Post Posted: 06 Oct 2022 at 19:55
why have they only been relegated to the championship  and not to the bottom of the league structures  like  other clubs have  ?
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Points: 412 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Count Ford Quote  Post ReplyReply Direct Link To This Post Posted: 06 Oct 2022 at 18:55
Worcester now suspended from the rest of this season and relegated (pending appeal) for next year
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Points: 696 		Post Options Post Options   Thanks (0) Thanks(0)   Quote GreenThrough&Through Quote  Post ReplyReply Direct Link To This Post Posted: 06 Oct 2022 at 12:50
What a shambles! Highlights just how many loopholes there are in company ownership and accounting law.

https://www.theguardian.com/sport/2022/oct/05/worcester-warriors-the-inside-story-of-a-rugby-clubs-demise
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Points: 11158 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Camquin Quote  Post ReplyReply Direct Link To This Post Posted: 05 Oct 2022 at 19:28
As Oscar almost said, "To lose one club, Premiership Rugby, may be regarded as a misfortune; to lose two looks like carelessness."
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Points: 4157 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Halliford Quote  Post ReplyReply Direct Link To This Post Posted: 05 Oct 2022 at 18:26
I know that Club DoRs are talking to Steve Diamond about new contracts for his players, particularly the Academy players who earn the least. 

Going forward, there has to be an Ownership test, however, the RFU doesn’t have control, that is down to PRL whose credibility has disappeared.
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Points: 1381 		Post Options Post Options   Thanks (0) Thanks(0)   Quote WEvans Quote  Post ReplyReply Direct Link To This Post Posted: 05 Oct 2022 at 16:55
Originally posted by Runitback Runitback wrote:

Awful for all staff, players and suppliers . . . I do hope no one supplier goes bankrupt as a result and that all staff and players find alternative employment, goodness knows where 50 professional players find contracts! I hope the two asset strippers and duly affected in some material way!

The sad thing is that the people least likely to suffer from this whole business are the two owners.

How long before they re-appear with other companies causing suffering and misery? 
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Points: 1211 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Runitback Quote  Post ReplyReply Direct Link To This Post Posted: 05 Oct 2022 at 14:03
Awful for all staff, players and suppliers . . . I do hope no one supplier goes bankrupt as a result and that all staff and players find alternative employment, goodness knows where 50 professional players find contracts! I hope the two asset strippers and duly affected in some material way!
Run with it
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Points: 2761 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Steve@Mose Quote  Post ReplyReply Direct Link To This Post Posted: 05 Oct 2022 at 13:27
WRFC Players Ltd wound up in High Court

Quote
Worcester Warriors players and staff are to have their contracts terminated, following part of the club being wound up in the High Court.

HMRC had been pursuing the club, who are suspended from all competitions, for unpaid tax of around £6m.

Judge Nicholas Briggs instructed that WRFC Players Ltd, through which players and staff are paid, should be wound up.

A winding-up petition against WRFC Trading Limited, which remains in administration, has been suspended.

The four players who went out on loan to Bath on Monday and the rest of the squad are now free agents so can sign for any club.

The club had no representation in court.

.....

It is understood Warriors could now have their suspension from the Premiership and other competitions extended until the end of season - and suffer relegation to the Championship.

But, if a buyer is found by the middle of this month, they could still save their place in the Premiership.
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Points: 11158 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Camquin Quote  Post ReplyReply Direct Link To This Post Posted: 04 Oct 2022 at 18:25
Worcester in court tomorrow.

Wasps were due to call in the administrators tomorrow, but have asked for an extension, there is apparently a potential fool, sorry investor.
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Points: 5265 		Post Options Post Options   Thanks (0) Thanks(0)   Quote FHLH Quote  Post ReplyReply Direct Link To This Post Posted: 03 Oct 2022 at 15:44
Bath head of rugby Johann van Graan is looking to make a statement in the transfer market to get his side back on track this season according to the latest reports with the South African set to land four of suspended Worcester Warriors' biggest stars, with four loan deals expected to be done this week.
"My father told me big men fall just as quick as little ones, if you put a sword through their hearts."
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