Meanwhile, the Federation is threatening to suspend the Worcester Warriors from all competitions
Another tough week for the Premier League, the best English rugby league.
On Wednesday, the federation tasked the Worcester Warriors with creating a credible plan to save the club by next Monday, or else threaten to suspend the club from all competition.
On Thursday, it was announced from times That the wasps were going to formally request the appointment of a commissioner to guard. Under Premier League rules, a club that enters guard during the season is demoted by virtue of its position. A clause in the tournament regulation on tolerating force majeure bankruptcies, introduced for the pandemic, could save the Hornets from ex-officio relegation, but entering receivership means a real exit by the team’s players.
The text of an official statement from the club, published through the Premier League website only and not through the company’s official channels, that the appointment request does not coincide with receivership: “The procedure does not mean that the company is in receivership, but allows a critical period of time to continue negotiations with a number of Interested parties to secure the company’s long-term future. These negotiations have been going on for some time and are at an advanced stage and we hope to reach an agreement.”
I’m a problem with I wasps They started in the summerWhen the club was unable to repay shareholders, they bought a £35m bond sold in 2015 to fund a move from London to Coventry. With the start of the sports season, the atmosphere seemed to have calmed down: the team even announced some contract renewals after a period of financial blockade that prevented it from ending the transfer session.
Now, on the other hand, things seem to have gone downhill quickly and it is hoped that the negotiations mentioned in the press release are already in full swing.
The situation in Worcester Warriors is always tragic. By 6 p.m. Monday, they will have to prove they have the funds to pay for the team’s insurance costs and salaries for September, as well as a long-term plan to get out of the crisis. Although a sale of the club by the current owners appeared close over the past weekend, nothing came of it, as the team’s staff recently posted about unfulfilled promises from management.
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