Jim O'Toole's bid to save Worcester Warriors
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The former Chief Executive of Worcester Warriors, Jim O’Toole, has submitted a plan to save the club as it finds itself in dire straits with tax debt.
However, in order for O’Toole’s plan to reach fruition, the club must be placed into administration which would carry with it a 35-point penalty for the 2022-23 season.
O’Toole said the following in a statement:
O'Toole's statement said: "I can confirm that James Sandford of Atlas SportsTech Limited and I have today submitted a proposal to the Department for Digital, Culture, Media and Sport (DCMS) regarding the funding and the future of Worcester Warriors rugby club.
"This includes a commitment to multi-year operational funding and to meeting the repayment of the long-term government loan.
"The success of this proposal is dependent on the relevant entities being placed into immediate administration which we have encouraged the DCMS to implement.
"We believe we have a compelling, innovative and robust plan to re-engineer the commercial model of the club using the available assets alongside significant input from our American partners to ensure the long-term sustainability of professional rugby for the community, the city and our broader hinterland, while ensuring the legacy of the Duckworth family remains at the heart of the club."