Atlas had their bid for Worcester and the Sixways ground accepted by administrators Begbies Traynor in February; Warriors relegation from the Premiership was confirmed last year; Atlas have backtracked on plans to rename Warriors as Sixways Rugby
Last Updated: 25/04/23 12:42pm
New Worcester Warriors owners Atlas must complete the sale of the club by May 2
New Worcester Warriors owners Atlas must complete the takeover of the club by May 2, the former Premiership team’s administrators have said.
Atlas had their bid for Worcester and the Sixways ground accepted by administrators Begbies Traynor in February, with Jim O’Toole and James Sandford appointed as owners.
In a 27-page progress report published by the administrators, it was revealed that Atlas cannot dispose of Sixways or the surrounding land within five years of completion.
If the sale fails to go ahead, Atlas will lose a £500,000 non-refundable deposit that was paid on February 1 as an exclusivity fee.
Worcester’s relegation from the Premiership was announced in October of last year, a day after the company holding player contracts went into liquidation.
Atlas have since withdrawn their application to compete in next season’s Championship and revealed plans to merge with Stourbridge.
They had also announced their intention to rebrand Worcester as Sixways Rugby but backtracked after criticism from supporters.
O’Toole said at the time: “We will hold our hands up and say we got it wrong on the name so we intend to keep the Worcester Warriors name.”
Worcester Warriors Women, who are a separate entity from the men’s team and funded by Cube International, are set to continue playing at Sixways in the Premier 15s, although that is subject to the takeover being completed by May 2.
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