Worcester Warriors owners reviewing options to avoid entering administration

Worcester Warriors' owners have issued a statement that they are reviewing options to avoid entering administration following unpaid taxes.

The club owners were in discussion with HRMC last week following a threat of winding up petition over unpaid tax bills but the owners insisted that their new funding were affected due to Covid-19.

The club which also received an unclosed loan as a part of government's sports survival package through Sports England is reported to have issues with late settlements to local businesses, delayed salaries to players and staff. The news follows after Wasps, who are also in discussion with HRMC over unpaid tax bill.

Co-owners Colin Goldring and Jason Whittingham issued a statement on Monday regarding Worcester's position on the issue.

"There has been much speculation and rumour circulating in the media and among our supporters about the future of Worcester Warriors.

"Over the past week a lot of work has been done away from the media spotlight to try to navigate the club through the challenges that we currently face.

"That work continues, discussions are ongoing and we are reviewing the options available to the club.

"We continue to work closely with HMRC, Premiership Rugby, the RFU and DCMS to find the best solution to the situation. We are very grateful for the support these organisations have shown to the club.

"We are now working through a number of options with our advisors. These include solutions for keeping rugby at Sixways and we will communicate further as soon as a decision has been finalised.

"We are grateful to our staff, supporters, partners, sponsors and suppliers for their commitment, loyalty and support during what has been a difficult period for all involved in the club.

"We also greatly appreciate the messages of concern and support that we have received from across the rugby world and the wider sporting community."