Atlas Group full takeover of Worcester Warriors
J
im O’Toole’s Atlas Group consortium has accomplished the takeover of Worcester Warriors.
Administrators Begbies Traynor confirmed the finished sale to Standard Sport, with Atlas assembly the ultimate deadline for the sale of May 2.
Worcester fell into administration in September, subsequently falling out of the Premiership in a testing marketing campaign the place Wasps have additionally gone bust.
Former Warriors chief government O’Toole and his consortium agreed a deal to purchase Worcester with directors in February, however the sale has since hit a number of snags and delays.
Steve Diamond’s rival consortium had waited within the wings, nonetheless able to take the helm ought to Atlas have failed to finish the deal.
But now the ex-Warriors rugby director’s bid will come to an finish, with O’Toole and ex-London Irish participant James Sandford taking the Sixways reins.
Worcester’s future remains clouded in doubt nevertheless, with Atlas refusing to satisfy RFU stipulations and subsequently not coming into the second-tier Championship for subsequent season.
Atlas have made proposals to merge with level-five native facet Stourbridge, however RFU chiefs are understood to have a dim view on these plans.
Worcester could but have to start out on the backside of the pyramid at degree 10, although O’Toole beforehand rejected that premise.
Wasps had checked out a groundshare with Solihull Moors for subsequent season, however are thought to favour an analogous association with Worcester.
The new Wasps set-up has the inexperienced gentle for Championship entry subsequent season, and Worcester’s sale now opens the door for the nomadic however storied facet to ply their commerce at Sixways in 2023/24.