The Clock is ticking

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Edited 1 time(s). Last edit at 2022:09:22:07:29:47 by Faithful_City.

Bris fan here, keeping fingers crossed for good news for you all, to come out of Sixways

Surely it can’t be not after all these years 🏉

This is worse than the Nuclear War clock......

Good luck all. Would be a sad end for a lovely club.

We are all with you.

Complete silence from the club, Quins not named a side.

Spanish archer is on his way.

RFU meeting at 12, announcement at 1pm. Team news delayed till 2pm.

Irish fan in peace ..
Thoughts with the fans and the club and hope this announcement at 13:00 is a positive one.
No club deserves to go through this and Warriors are one of the best truly family orientated clubs in the prem.
Hopefully Jim O'T can take away your pain and those thieving chancers that have been stripping your club, can be brought to justice ..
JGG Born in Malvern now in refuge



Edited 1 time(s). Last edit at 2022:09:16:11:51:16 by Jolly Green Giant.

Casual staff being cancelled for Sunday. Looks like this could be it.

Time to reset the clock for one last hour ?

I guess they will attempt to play behind closed doors and play for time. With luck the RFU will decline

I overhead a phone call earlier today

Hello RFU , yes its me.
I am here with our mystery buyer about to sign the deal to save Worcester Warriors but we can't find a pen,
hang we've found one
Oh damm it doesn't work.
Okay need a delay, just off to the shops to buy a pen
Oi ! can anyone lend me a tenner to buy a biro
Yes of course I'll pay you back

How can people who are owners of a Rugby club display such actions that are so at odds with some core rugby values of honesty, trust and integrity?

All this is just so depressing!

now asking for an extension to the deadline !!

These ‘clowns’ are in disguise. On the face of it they seemed clueless, but they came in with a master plan. Introduced by Mr M at the time buyout with unidentified money. The whole idea was to asset strip and walk all over honest and passionate supporters, players and staff. Cold and heartless characters with a trail of failed businesses!!
The ‘clowns’ are not making us laugh, moreover in tears!
Investigations as to the running of the club, payments and internal deals to benefit individuals should be forthcoming. How can this possibly be allowed????

Request for an extension has been granted by RFU is the rumour



Edited 1 time(s). Last edit at 2022:09:16:13:04:46 by Tiggs.

Typical fudge by the RFU, last minute "deadline" and now what? Will Carlings' 57 Old Fa@@s still exist

What is the point of a deadline if you move it?

I guess if the insurance and medical staff are in place a match could happen but for what benefit? Without the gate money of a full crowd surely it just costs money the club don't have?

The RFU are useless though so no surprise.

But may keep the club as a viable Premiership entity.
That in turn may keep a buyer interested.

I kind of feel that the RFU are damned if they do, and damned if they don't.

The RFU must see an end to this if they have granted an extension so I’d certainly take this as a positive

THE GAME IS ON!

AS posted elsewhere, no mention of the Ladies match tomorrow

Ladies match is also on

So, all outstanding employees salaries paid, local suppliers paid etc etc-oops sorry RFU not concerned with that side just safe to play with medical support to preserve the Prem.

Anyone working or supplying for the weekend without payment up front, fingers crossed.

They haven’t all been paid based on the statement warriors staff just released

Not holding back on their views of the owners either

I guess the staff have control of the website now given the messages. Brilliant.

Am I alone in thinking the potential new owners are making a rod for their own back ? This impasse is fuelling the cauldron of anger and resentment towards W+G and by extension the new regime.
Do they believe the announcement of their takeover will be greeted with a fanfare . Not from me. I will retain a deep suspicion for a good while until they truly prove their intent and integrity.
The secrecy as to who they are is also making their task harder, IMHO.

Woodywuss,

I don't think you can say that - we have no idea what's going on behind the scenes and which parties are dragging this out.

I think everyone will breathe a huge sigh of relief if we manage to extricate ourselves from this predicament and keep Premiership rugby at Sixways......

Quote:

woodywuss
Am I alone in thinking the potential new owners are making a rod for their own back ? This impasse is fuelling the cauldron of anger and resentment towards W+G and by extension the new regime.
Do they believe the announcement of their takeover will be greeted with a fanfare . Not from me. I will retain a deep suspicion for a good while until they truly prove their intent and integrity.
The secrecy as to who they are is also making their task harder, IMHO.

I can see your point Woodywuss, but at the moment I am keeping my "glass half-full" perspective.

I have done lots of deals in the past and I was HUGELY sceptical (as were others) of the current owners' announcement that they had Heads of Terms done and that the lawyers would turn the papers arround in a day.

If the new potential owners are doing their due dilligence properly they will want to check many things including that the land hasn't been squirreled away or that onerous charges put on it. They will also want to check the validity of amounts claimed to be owed to the current owners and they will need to know that they have full visibility of all the liabilities to staff, players, the Govt, and all the businesses in Worcester owed money. Only when they have this info will they be able to do a proper deal and pay a fair price adjusted for things that they find out based on their review.

I have no idea who the new owners are, so I will reserve judgement on them until I do, but I have some comfort that they seem to be doing the right things now.

Once again, it does appear that the current owners have NO concept on how to do a deal properly and the wonderful Sixways staff have dug them out of a hole by allowing the game to go ahead

WE, I think I have posted three times during this whole sorry debacle. I will be one of the first to congratulate the new owners ,if and when they take the club on and fully explain their future plans without W+G.
Three posts could have been 103, but I choose to post as and when I can summon up a considered response. I think other posters have been more succinct !
My feeling is that there are enough people with sufficient intellect at the DCMS, Prem. Rugby ,CVC and the RFU, to bring pressure to bear on the negotiations taking place.
Whether this has been happening only time will tell.

BW, I too have a glass half full mentality and try to see positives in negative situations. This whole sorry affair has brought home my love for the game of rugby and a deep affection for all that is Worcester Warriors.
Having said that , my particular glass is nearing tipping point !

I wait to see if these new buyers have enough cash to make Worcs a viable option again. I have to admit I do have doubts.

The RFU, DCMS, Prem rugby and HMRC are all kicking the can further down the road and non are prepared to take the final decision to call in the administrator hoping one of the others triggers the end game. Then they can't be accused of precipitating the demise of the club.

I hope someone out of these four entities has asked and been provided with details of who the prospective buyer is, otherwise I am of the opinion the new buyers are just hot air.

I don't understand the secrecy around the buyer (if they really exist), and that makes me nervous.

This tweet thingy is up on the FB page. I can’t get links to work
Quote:

James While
‘Breaking word from within @WorcsWarriors that an offer was
Made that current owners have
Rejected & more £ asked for !
Staff been threatened with
Disciplinary action by owners over
certain social social media tweets
Expressing solidarity & celebrating workload
& #together efforts #COYW

If true then what hope beyond the weekend

Bob Low said i on the ITV WM news this eveing that he had spoekn to Jason at 12.55 hrs and that they were awaiting the signing of the HoA terms. He also said that the investor was a local man. One name came to my mind and I don't even want to think of it.

Quote:

Simba
I don't understand the secrecy around the buyer (if they really exist), and that makes me nervous.

It is all so lacking in any actual evidence that you have to start wondering if there is some other motivation for doing the bare minimum to keep people believing in this story? Just purely a random thought, but what if a huge chunk of the TV money is payable at the start of the season, and they want to trouser this in addition to what they have already taken before they walk away leaving nothing but misery? That would be worth paying out enough in wages to those who had to be paid to keep this fairy tale (sorry, nightmare) going, if they then get many times that amount back, paid of course into one of the other companies, the one that has all the income, you know, the one that doesn't have all the debts. Yes, that one.

The best bet is for somebody to have the balls to force the club into administration, then at least somebody independent could work out the best way forward, and there is definitely at least one good option for the club in this scenario, possibly more.

Quote:

ROLLO
Bob Low said i on the ITV WM news this eveing that he had spoekn to Jason at 12.55 hrs and that they were awaiting the signing of the HoA terms. He also said that the investor was a local man. One name came to my mind and I don't even want to think of it.

Who is that ROLLO?

is your clock correct JP? What is is showing?

I have done business deals. To be clear, Heads of Terms is an initial part of a sale transaction and a forerunner to Due Diligence being carried out. That would take months not weeks, especially around the financials. I suspect that when the DD is carried and scrutiny of the numbers and finances is concluded, any interested party will withdraw

Quote:

ROLLO
Bob Low said i on the ITV WM news this eveing that he had spoekn to Jason at 12.55 hrs and that they were awaiting the signing of the HoA terms. He also said that the investor was a local man. One name came to my mind and I don't even want to think of it.

Care to share Rollo?

I think we probably now have the best at present bell-weather clock ticking, (as I said) and put up by JP. But reading a bit of the plight of Hereford FC in the past, this may well go on for another 6-9 months. Also as I've said Jase&Col are not new to the game as sports financiers / legal guys.
Anyway the clock on tomorrow is close and only about 30 seats to sell if I'm correct. Big day and looking forward to it.

No offence Centrethere, but the implied familiarity of your reference to 'Jase&Col' grates. I can think of many better words to describe our so called owners.



Edited 1 time(s). Last edit at 2022:09:18:09:27:48 by Faddy.

Numerous people have told him it annoys them but he carries on. Clearly just a windup merchant best ignored.

I think the coverage today has been great. It’s shone a very bright light on what is happening here. Hopefully this week we’ll get rid of this virus that has infected our club, but either way I think this week will be decisive.

[twitter.com]
[twitter.com]

Couldn't find the original twitter, so see if these work - from Jason Whittingham today

or if easier to read

[www.worcesternews.co.uk]

It's the "frustrated by news and noise" line that springs out a mile here.

Exactly what I've predicted elsewhere. The 'deal' will 'fall through' due to negative fans on social media etc. All a lie.

It's Hereford United 2.0

[www.herefordtimes.com]

Quote:

CE79
It's the "frustrated by news and noise" line that springs out a mile here.
Exactly what I've predicted elsewhere. The 'deal' will 'fall through' due to negative fans on social media etc. All a lie.

It's Hereford United 2.0

[www.herefordtimes.com]

"Can't you troublesome fans leave us to our dealings in peace" is what that says to me.

BT sport made a good point in that the statement lacked any form of apology.

Such people never apologise for their deeds..... unless they have pleaded guilty and are trying to mitigate the sentence.

Clocks updated

.



Edited 1 time(s). Last edit at 2022:09:20:09:02:23 by centrethere.

There is an interesting thread on the Chiefs board, some of this we knew already but it casts a little more light on the wider dealings of our “owners”.

My biggest worry is they sell out to someone dodgy in their circle and we end up with new problems. The secrecy worries me a lot.

[m.rugbynetwork.net]

Quote:

neiljk
There is an interesting thread on the Chiefs board, some of this we knew already but it casts a little more light on the wider dealings of our “owners”.
My biggest worry is they sell out to someone dodgy in their circle and we end up with new problems. The secrecy worries me a lot.

[m.rugbynetwork.net]

Yep, i share that worry too - that should a sale happen then it’ll only mean we are sold to their mates and this is only the start, but we shall see - hopefully it doesn’t pan out like that.

There is an Interesting article today in The Times where Will Kelleher publishes the following

“Wasps have been struggling financially and Worcester Warriors have been brought to their knees by debt and alleged mismanagement, with questions being asked about whether the £15 million Sport England pandemic loan, with a 20-year repayment at only 2 per cent interest, was used as the government had intended“

I know there have been murmurs about this, but it’s the first time i’ve seen the accusation that they’ve mispent the pandemic loan published, albeit in a fairly vague and non libellous way

Just looks worse every time a stone is looked under. What on earth were Prem & RFU up to when the sale to these two went through? Must have been busy looking for the G & T refill, certainly looking in the other direction.

They also seem to have harvested £5m from the CVC money not long after they took over which presumably disappeared as some sort of 'management fee'.

Looking at the bigger picture of money in v money out since 2018, not easy as it flows through two companies rather than just one, a lot of money is difficult to account for.

G&W have paid themselves handsome salaries.
Shame on them that they haven't delved into their personal wealth (apart from £1) to at least meet staff 35% & casual staff 100%.
They know no shame, hides like rhinos.

Still, only 48 hours away from the next 48 hours........

I'm pretty certain the dog ate Colin and Jason's homework pretty regularly when they were at school....
Amazing how even given all of the late nights and early mornings that we have heard all about, it is still not possible for them to meet their self imposed deadlines...

OR

GET TO THE GAME

OR

Talk to Dimes

OR

Talk to The Support Staff managers

Just stay hidden in ESSEX guys and sell the club to the consortium that are prioritising rugby!!!

JP

There is for me a huge question on why so much debt and where all the money has gone.

The business was operating at a loss, but in cash outlay that was 2 or 3m a year. Yes Covid has cut revenue but equally we’ve had the largest Covid loan and a big pile of cash from PRL.

Where has it all gone?

They're at 6ways today apparently.

Maybe something will happen today.

Am hearing similar & hope for an announcement this pm

Team news is due today at midday for the game on Wednesday

Quote:

neiljk
Team news is due today at midday for the game on Wednesday

Gloucester's team is up, nothing from Worcester yet.

Quote:

St Jimmy

Quote:

neiljk
Team news is due today at midday for the game on Wednesday

Gloucester's team is up, nothing from Worcester yet.

Another compo claim on the way - I'm sure if new owners do materialize, they'll be chuffed funding almost entirely Glaws' marquee player 😢

Game is definitely on - just announced. Team news to follow

Quote:

KenDoddsDadsDogsDead
They're at 6ways today apparently.
Maybe something will happen today.

Wonder if they found a parking space (not condoning vandalism btw)

Quote:

KenDoddsDadsDogsDead
They're at 6ways today apparently.
Maybe something will happen today.

Come to collect their cash from Sunday?

The work your staff did to get the game on Vs Exeter and the good display from the players under the worst circumstances has to be applauded but I am left wondering if it might have been better to force the RFUs hand by not putting on the game. If the staff just said no, what could the owners actually do ? Sack them from jobs they are not being paid for?

Obviously IF there is an actual buyer who can step in and keep you going in the Prem that would be fantastic but if Administration is the eventual answer then getting there sooner rather than later will at least mean you can start planning for whatever that future looks like.

Its very tough to know but I do hope you get clear of those two jokers asap. Other than the financial mismanagement with SD, a good stadium, strong fanbase and all other clubs reducing spending this might have been a good season for you. Good luck all.

Maybe we could all send one them a polite message asking what their intentions are?!!
[www.facebook.com]

I’ve messaged Colin asking what’s going on…no reply

At least there is now widespread media attention calling out their repeated rubbish



Edited 1 time(s). Last edit at 2022:09:20:18:05:15 by Freypal.

And still the people with the power to end this sit on their hands.

In shock to no one another deadline is missed and none of the authorities do zip.

And this time they’ve misled BT Sport as well so I hope they weren’t expecting positive coverage

I'm sure it's someone elses fault. Who hasn't been blamed yet?

What's the 5 hours' deadline?

Quote:

Freypal
I'm sure it's someone elses fault. Who hasn't been blamed yet?

I think the owners can go harder at the fans, but they also have most of the print and tv media giving them stick too, so they have an increasing number of parties to blame.

Todays deadline came and went without a dicky bird. I expect tomorrow we’ll manage to get some sort of side out even if the players have to car share to get there but we’ll get another update saying it’s nearly done. Then we’ll get to Thursday and there will be another whole circus of can we stage a game Saturday.

At this point I’m half expecting Scooby Doo to trap one of the owners who will then be unmasked, claiming he would have got away with all the land if it wasn’t for those meddling kids.

Onwards, sideways and backwards…