April 29, 2024

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The fate of another English club on the hot seat?

The fate of another English club on the hot seat?

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What’s going on in the Premiership world? For in Worcester it is stirred up. And the truth is not favourable… in fact, as the BBC has revealed, the English club could face liquidation proceedings over unpaid taxes.

The club wanted to respond via a press release that can be found on the club’s website, and confirmed this situation, which follows the crisis born of the Covid-19 pandemic. It would indicate that it never covered this late fee, confirming that the club had worked to find solutions. But the responsible authority would have rejected these solutions, which now puts Worcester in a very delicate position.

We retained our staff but lost revenue during the various lockdowns during which most matches were played behind closed doors.

We resumed normal operations by paying tax to HMRC 12 months ago. From the beginning, we worked closely on a plan to settle these debts and a payment term agreement was put in place.

The club’s owners and board are fully committed to safeguarding top-level professional rugby in Worcester and are working on solutions to protect the financial future of Worcester Warriors and pay taxes owed to HMRC.

A solution has been approved that will secure the long-term future of the club. Unfortunately, there have been unavoidable delays beyond the Club’s control in the final work required to complete the funding.

We are disappointed that after fully informing HMRC of the situation, they have taken the decision to launch a winding up petition. The club’s directors are continuing their dialogue with HMRC to try to find a quick and satisfactory solution.

Could we see the Worcester club, a key figure in the English Championship, disappear? It won’t be the only club in this situation as the Wasps franchise also looks on Its survival is threatened If he doesn’t find a buyer very quickly. Worcester are currently negotiating and controlling the breach.

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Summary

At the Worcester Club, it was riotous. English club may face liquidation proceedings over unpaid taxes The responsible authority would not have accepted the solution brought by Worcester to manage late payments.