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Moderator: Puja
I'm under the impression that it also means that they could reverse the asset stripping, write-off the debts, charge the shysters, and sell to one of the existing bidders reasonably quickly - depending on what the administrator wants to do.FKAS wrote: ↑Tue Sep 27, 2022 8:14 am Only problem with administration is that it takes time. They have to go through a full process to identify the best bidder for the club but to do that have to allow a time for bids to come in. They have to do a top to bottom valuation. In theory it's a good thing as long term it should get Worcester set up properly but in the short term they aren't likely to be back on the field and playing again soon. Unless somebody opts to pump cash in.
IIRC there's a proviso in the regulations whereby if they can solve the administration within something like 6 weeks, they can be let back in - with a 35(?) point penalty. But yes, a big unknown if they'd still have any players at that point, and what the Prem does for teams having a bye weekend in the mean time - not to mention what they'll do with teams who played a Worcester on the brink.
I was wondering that. I'm assuming that, if Worcester rejoin this season, all the games they miss will be registered as 20-0 walkovers. If they don't rejoin, are all of their future games walkovers and Newcastle have to live with being the only team not to get 10 points? Or will all the games be voided and it'll be a 12 team league with two teams taking a bye? Will there be a rearrangement of the calendar so that there's no bye weeks in the second half of the season to reduce the length/maybe take one of the Prem weekends out of the 6N period?
A right tangled web woven in recent years, reportedly.
The owners of crisis club Worcester Warriors have created a complicated web of 13 companies with links to the club since joining the board of directors in 2018.
In recent months, Colin Goldring and Jason Whittingham have used parts of the network to transfer ownership of the club’s major assets.
Further details coming out about this clusterfuck: https://www.theguardian.com/sport/2022/ ... -contractsPuja wrote: ↑Tue Sep 27, 2022 10:03 amOn the contracts, that's a difficult one. As I'm aware, as long as they're still getting paid on the nail each month, the contracts remain valid - there's no obligation in them for players to play, just for them to get paid. And while a rugby man might let players go out of compassion for their careers and because there's no sense in keeping an unhappy player, administrators are likely to be significantly more hard-nosed, as players like Hill, Lawrence (and Hatherell, who I don't believe has managed to leave yet) are part of the value of the club that they're trying to protect.
From a non-rugby perspective, I absolutely can't blame them for wanting their money back now. Who would want to bet on Worcester getting rescued, given the mess that the shysters have made with the asset stripping?
Wow, that's mindbogglingly bad. "It's not our fault people refused to take pay cuts and more fans wouldn't turn up whilst we robbed the club blind behind the scenes."Scrumhead wrote: ↑Fri Sep 30, 2022 8:36 pm Unbelievable: https://www.rugbypass.com/news/worceste ... shameless/
It's so passive aggressive. "Thank you to the DCMS, but sorry that post-pandemic recovery wasn't overnight and we couldn't pay them back immediately like clearly those bitches expected".FKAS wrote: ↑Fri Sep 30, 2022 8:58 pmWow, that's mindbogglingly bad. "It's not our fault people refused to take pay cuts and more fans wouldn't turn up whilst we robbed the club blind behind the scenes."Scrumhead wrote: ↑Fri Sep 30, 2022 8:36 pm Unbelievable: https://www.rugbypass.com/news/worceste ... shameless/