Worcester Warriors seek fresh investment

Worcester Warriors chairman Bill Bolsover has confirmed that the Aviva Premiership club is in search of fresh investment to help them compete at the highest level.

Worcester director Greg Allen has been backing the club since Cecil Duckworth stood back in 2013 but the Warriors are expected to incur a loss of £16million over last three years.

Former Saracens chief executive Ed Griffiths, who joined the Sixways outfit earlier this year in a consultant role is expected to help the club out of the trouble through a consortium.

"The club can confirm it is always seeking further investment to support our existing shareholders and to ensure that the club continues to compete at the highest level in the years ahead," Bolsover in a statement.

"This is part of our ongoing strategy and we are committed to finding the right partner to help take the club forward.

"The club have not set any deadlines on finding the right investor and the shareholders will continue to support the club as they have done for many years."

Worcester Warriors managed to save themselves from relegation in the previous season where they finished 11th and their new season started with a 35-8 defeat to Newcastle Falcons on Friday.