Sport, parks and leisure - Premiership rugby club Worcester Warriors confirms search for ‘new investor’...
24 Jan 2018 Sport, parks, & leisure: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

06 Sep 2017

Premiership rugby club Worcester Warriors confirms search for ‘new investor’
BY Tom Walker

The introduction of a new investor could ultimately lead to a change of ownership

The introduction of a new investor could ultimately lead to a change of ownership

English Aviva Premiership rugby club Worcester Warriors has confirmed it is looking for fresh investment, following reports that the club has lost more than £15m over the past three seasons.

In a statement, Warriors chair Bill Bolsover said that the introduction of a new investor could ultimately lead to a change of ownership.

The majority share in the club is currently held by Sixways Holdings.

Speaking on behalf of Sixways, Bolsover said: "The club can confirm it is always seeking further investment to support our existing shareholders and to ensure that the club continues to compete at the highest level in the years ahead.

"This is part of our ongoing strategy and we are committed to finding the right partner to help take the club forward.

"The club has not set any deadlines on finding the right investor and the shareholders will continue to support the club as they have done for many years.”

Last year, Worcester became the third Premiership Rugby club to lay an artificial pitch at its home ground, Sixways Stadium, as part of a strategy to increase the amount of rugby to be played at the ground.

According to then CEO Jim O’Toole, the plan was to use the pitch to bring in new revenue streams.

“Our stadium pitch is the single most under-utilised asset in the club, currently being used fewer than 100 hours per season,” O’Toole said at the time.

“This development not only allows us to play more rugby at all levels on our biggest physical asset but also allows us to establish new commercial revenue streams such as concerts, festivals and other non-rugby events.”



Connect with
Sport Parks Leisure
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
UK’s healthy school holiday plans get moving
UK’s healthy school holiday plans get moving   23 Jan 2018

Plans to tackle child health inequalities caused by school summer holidays will get underway this year as ukactive launches a major new pilot with up .... more>>
Broadcasting code of conduct delivers £125m boost for grassroots sport
Broadcasting code of conduct delivers £125m boost for grassroots sport   20 Jan 2018

Grassroots sport in the UK has received a cash injection of £125m, as a result of the voluntary code of conduct on the broadcasting of major sporting .... more>>
Perth's billion-dollar stadium set for grand opening, as government attempts to make sporting history
Perth's billion-dollar stadium set for grand opening, as government attempts to make sporting history   19 Jan 2018

One of the Asia Pacific’s most flexible stadiums will open this Sunday (19 January) in Perth, Australia, with an open day welcoming fans into the .... more>>
UK appoints minister to tackle loneliness
UK appoints minister to tackle loneliness   19 Jan 2018

Theresa May has appointed minister for sport and civil society Tracey Crouch to a newly created position as minister for loneliness. The move .... more>>
Prince Harry and Meghan Markle visit StreetGames project
Prince Harry and Meghan Markle visit StreetGames project   19 Jan 2018

A StreetGames project in Wales has received a surprise royal assent after it was visited by Prince Harry and his fiancée Meghan Markle. The couple .... more>>
Company profile


Rubb Buildings Ltd

Rubb was founded in 1977 and has a proud history of delivering innovative and quality structures to a wide range of clients.

View full profile>>

Catalogue gallery


Featured Supplier

Increase sales with the brands your members trust

Increase sales with the brands your members trust

By 2019, the UK sports nutrition market is predicted to increase by a further eight percent to £527 million. More>>




in this issue

• énergie Group gears up for growth
• Nick Coutts speaks on Bridges' Viva deal
• Hard Rock launches yoga with a twist



Latest jobs

Jobs Search



Leisure Assistant
Salary: Up to £15,934.57
Location: Yate, United Kingdom
Company: Circadian Leisure Trust
Duty Manager - Health and Safety
Salary: Competitive
Location: Southam, United Kingdom
Company: Everyone Active
Personal trainers
Salary: Unlimited earning potential
Location: Southampton, United Kingdom
Company: Everyone Active
Diary dates
Powered by leisurediary.com




23-25 Jan 2018

BIGGA Turf Management Exhibition (BTME)

Harrogate Convention Centre, Harrogate, United Kingdom



Leisure Management magazine 2016 issue 1
Leisure Management
2016 issue 1

View issue contents
View on turning pages
Download PDF
  Last word: Nature’s bounty
FairWild is setting standards in the harvesting of wild ingredients More>>
  Sports: Play to the crowd
When public sector budgets are tight, crowdfunding is an attractive option More>>


Leisure Management magazine 2015 issue 1

Leisure Management
2015 issue 1

View issue contents
View turning pages
Download PDF
  Mystery shopper: Sweet dreams
Does Margate’s newly restored Dreamland theme park deliver on its promise of retro family fun? We find out More>>
  Top Team: All work, all play
As Kidzania opens its latest educational play ‘city’ in London, we speak to the team behind the concept More>>


Published by The Leisure Media Company Ltd Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ. Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd