'A good thing': Majority-backed USA consortium eyes up Worcester
Former Worcester Warriors chief executive Jim O’Toole is optimistic a newly-formed consortium could save the club from administration. O’Toole is spearheading the takeover bid, majority-backed by a USA company with additional support from Worcester businesses. He moved another step forward on Tuesday afternoon after positive conversations with both the American investors and the club’s administrator.
“Things happened quickly over the last 24 hours,” O’Toole told the PA news agency. “The group on the ground pulled together some thoughts on what a sustainable long-term business plan would look like, using the assets of the club, the land, the stadium etc.
“Then I had a meeting with my American client this afternoon and they said, ‘We’d really like to see if we can help. We’d like to be part of that consortium. Can you please go ahead and push whatever buttons you need to do to start that process?’”
After a subsequent meeting with the administrator, O’Toole said: “We now are very clear on what we need to get to the stage where we can get a rapid decision from the stakeholders involved.”
Those stakeholders include the Rugby Football Union (RFU), Premiership Rugby and investors CVC Capital Partners, as well as Warriors’ administrators. Worcester are reportedly on the brink of administration following a winding-up petition over unpaid tax being issued by HM Revenue and Customs last week.
The owners, Colin Goldring and Jason Whittingham, said they remain in ongoing discussions with HMRC, Premiership Rugby, the RFU and the Department for Digital, Culture, Media and Sport. While O’Toole wouldn’t directly name the potential US investors, he said they have “multiple interests in sport, but they are a true conglomerate with fingers in many pies and interests in many industries.”
They became interested in the Warriors’ situation, he said, when the club’s story came up during a meeting about a separate sports marketing project – simultaneously, O’Toole had been approached by a local Worcester businessman asking if there was anything he could do.
“It’s a strong commercial proposition,” he said. “Because despite the pickle that the current owners put themselves into, they had some very clever ideas as to how to monetise the venue and the club. Some of those will definitely be ideas that can be salvaged and developed in a slightly different way.”
O’Toole has not been, as he puts it, “on the ground” with the players facing possible unemployment, but still lives in Worcester and described the mood as “sombre, and very stressful for them and their families. And, of course, the supporters that have supported this club in its current form since 1995.”
He added: “It’s very difficult to imagine the city of Worcester without a professional rugby club, knowing what it means to so many people. So if I can help facilitate the change of ownership then that would be a good thing.”
Asked if he believed fans will see Warriors on the pitch in their season opener, scheduled for September 10 at London Irish, O’Toole added: “If everything comes together we have got a chance.”
Comments on RugbyPass
The game was a quarter final, not a semi final. Barrett will be here for 6 months, he is no one's replacement at 13. That mantle will most likely ultimately go to Jamie Osborne, though Garry Ringrose has at least 4 more years in him. The long term problem position (in the next 3 years) for Leinster is tighthead prop, though there are a couple of prospects at schools level.
21 Go to commentsSo much for all that hype surrounding the ‘revival’ of Aussie rugby. The Blues were without the likes of regular starters Perofeta, Sullivan, Christie etc… This was a capitulation of the highest order by Australia’s finest. Joe Schmidt definitely has his work cut out for him.
2 Go to commentsYes they can ignore Sotutu. Like Akira Ioane plays OK at Super level but gets lost in tests. Too many chances too many failures.
2 Go to commentsA wallaby front-row of Bell, Blake and Tupou…now that would be hefty
1 Go to comments“But with an exceptional pass accuracy rating “ Which apart from Roigard is not a feature of any of the other 9s in NZ. Kind of basic for a Black 9 dont.you. think? Yet we keep seeing FC and TJ being rated ahead of him? Weird if it’s seen as vital to get our backline beating in your face defences.
1 Go to commentsThanks BeeMc! Looks like many teams need extra time to settle from the quadrennial northern migration. I think generally the quality of the Rugby has held up. Fiji has been fantastic and fun to watch
13 Go to commentsLets compare apples with apples. Lyon sent weak team the week before, but nobody raised an eyebrow. Give the South African teams a few years to build their depth, then you will be moaning that the teams are too strong.
41 Go to commentsDid footballs agents also perform the scout role at some time? I’m surprised more high profile players haven’t taken up the occupation, great way to remain in the game and use all that experience without really requiring a lot of specific expertise?
1 Go to commentsSuper rugby is struggling but that has little to do with sabbaticals. 1. Too many teams from Aust and NZ - should be 3 and 4 respectively, add in 2 from Japan, 1 possibly 2 from Argentina. 2. Inconsistent and poor refereeing, admittedly not restricted to Super rugby. Only one team was reffed at the breakdown in Reds v H’Landers match. Scrum penalty awarded in Canes v Drua when No 8 had the ball in the open with little defence nearby - ideal opportunity to play advantage. Coming back to Reds match - same scrum situation but ref played advantage - Landers made 10 yards and were penalised at the breakdown when the ref should have returned to scrum penalty. 3. Marketing is weak and losing ground to AFL and NRL. Playing 2 days compared with 4. 4. Scheduling is unattractive to family attendance. Have any franchises heard of Sundays 2pm?
12 Go to commentsAbsolutely..all they need is a chance in yhe playoffs and I bet all the other teams will be nervous…THEY KNOW HOW TO WIN IM THE PLAYOFFS..
2 Go to commentsI really hope he comes back and helps out with some coaching.
1 Go to commentsI think we are all just hoping that the Olympic 7s doesn’t suffer the same sad fate as the last RWC with the officials ruining the spectacle.
1 Go to commentsPersonally, I’ve lost the will to even be bothered about the RFU, the structure, the participants. It’s all a sham. I now simply enjoy getting a group of friends together to go and watch a few games a year in different locations (including Europe, the championship, etc). I feel extremely sorry for the real fans of these clubs who are constantly ignored by the RFU and other administrators. I feel especially sorry for the fans of clubs in the Championship who have had considerable central funding stripped away and are then expected to just take whatever the RFU put to them. Its all a sham, especially if the failed clubs are allowed to return.
10 Go to commentsI’m guessing Carl Hayman would have preferred to have stayed in NZ with benefit of hindsight. Up north there is the expectation to play twice as many games with far less ‘player management’ protocols that Paul is now criticising. Less playing through concussions means longer, healthier, careers. Carter used as the eg here by Paul, his sabbatical allowed him to play until age 37. OK its not an exact science but there is far more expectations on players who sign for Top 14 or Engl Prem clubs to get value for the huge salaries. NZR get alot wrong but keeping their best players in NZ rugby is not one of them. SA clubs are virtually devoid of their top players now, no thanks. They cant threaten the big teams in the Champions Cup, the squads have little depth. Cant see Canes/Chiefs struggling. Super has been great this year, fantastic high skill matches. Drua a fantastic addition and Jaguares will add another quality team eventually. Aus teams performing strongly and no doubt will benefit with the incentive of a Lions tour and a home RWC. Let Jordie enjoy his time with Leinster, it will allow the opportunity for another player to emerge at Canes in his absence.
12 Go to commentsLove that man, his way to despise angry little men is so funny ! 😂
5 Go to comments“South African franchises would be powerhouses if we had all our overseas based players back in situ. We would have the same unbeatable aura the Toulouses, Leinsters or Saracens of this world have had over the last decade or so.” Proof that Jake white does not understand the economics of the game in SA. Players earning abroad are not going to simply come back and represent the bulls. But they might if they have a springbok contract.
25 Go to commentsA lot of fans just joined in for the fun of it! We all admire O'Gara and what he has done for La Rochelle
5 Go to commentsThe RFU will find a way to mess this up as usual. My bet is there will be no promotion into the the Premiership, only relegation into National League One. Hopefully they won’t parachute failed clubs into the league at the expense of clubs who have battled for promotion.
10 Go to commentsWell that’s the contracts for RG and Jordie bought and paid for. Now, what are the chances we can persuade Antoine to hop over with all the extra dosh we’ll have from living at the Aviva & Croke next season…??? 🤑🤑🤑
37 Go to commentsWow, that’s incredible. Great for rugby.
37 Go to comments