Worcester Warriors owners reach agreement for sale of Premiership club

Funds needed immediately to allow Exeter match to go ahead

PROGRESS: A line out during the Gallagher Premiership match at Gtech Community Stadium, Brentford. Photo credit: Steven Paston/PA Wire.

The Worcester owners have confirmed they have reached an agreement for the sale of the club in a move that looks set to save the Warriors from financial disaster if it proves successful.

As reported by the Guardian on Monday, a deal has been agreed with an unidentified buyer, giving rise to optimism that Worcester’s burgeoning debts of £25m – including the £6m owed to HMRC by 6 October – will betaken on and the club can avoid going into administration, which would in turn lead to relegation.