Premiership rugby club ‘up for sale’
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The owner of Premiership rugby union club Worcester Warriors are looking to sell, and reportedly have the aim of having completed a deal by the end of the year.
Worcester has struggled to make an impact in the Premiership, and have been relegated twice in eight seasons.
The Warriors finished 11th out of 12 in the Aviva Premiership, winning five of the 22 league matches, having finished 10th in the previous season.
Sixways Holdings have appointed financial advisers at Livingstone to “review strategic and investment options”, according to the Sunday Telegraph.
Worcester has been heavily loss-making in recent years. In the 2015/16 season, its underlying loss was £6.6m, which followed two consecutive years of losses in excess of £5m.
Worcester are bottom of the Aviva Premiership table after losing their opening three games. Friday night’s defeat to champions Exeter attracted a crowd of 7,023, and the preiovus weekend’s visit of Wasps failed to break 8,000.