Worcester Warriors: Steve Diamond reveals plans to buy club

Steve Diamond, the former Worcester Warriors director of rugby, has revealed that he is part of a consortium bidding to buy the club out of administration.

Diamond and the rest of Worcester’s players and staff had their contracts liquidated earlier this month after the club entered administration and was suspended from the rest of the Gallagher Premiership season.

Diamond, who has financial backing from two as yet unnamed investors, will have former Leicester chief executive Simon Cohen as part of his consortium.

“My goal is a sustainable business able to compete back in the Premiership within three or four years,” he said.

“Sixways Village is what we will call the business if we’re successful.”

“I think there’s more than one horse in the race. But I’ve got my investors in place and my senior management team and my high performance department – and recruitment has to come now.

“The investors’ names will remain in the background before we go before the RFU to do their fit and proper persons’ test.

“The first concern is to sort the creditors out,” he said. “The administrators have a statutory duty to get in as much money as they can for the creditors as possible.

“DCMS [Department for Digital, Culture, Media & Sport] did a brilliant job helping rugby clubs survive during the Covid pandemic but DCMS and other creditors wouldn’t want to see Worcester in the same boat in 12 to 18 months’ time.”

The other interested consortium is still understood to be the one led by former Warriors chief executive Jim O’Toole, first announced in August.

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