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Rugby Union
Premiership Rugby / Premiership Cup
We Need to talk about Worcester
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<blockquote data-quote="Bada-Bing!" data-source="post: 1101602" data-attributes="member: 70552"><p>Yeh, that's the issue. If the buyer is waiting for it to get to the liquidation stage and buy Worcester's assets on the cheap. But that would screw Worcester RFC in the meantime and can't operate as a going concern and I am sure Premiership would have to act. </p><p></p><p>Their "share" of premiership rugby - presumably the TV rights etc which are intangible assets. And Will will need to be valued and sold off as part of any liquidation process. </p><p></p><p>But I think more likely it'll get to administration before getting to a liquidation stage if these so called buyers back out.</p></blockquote><p></p>
[QUOTE="Bada-Bing!, post: 1101602, member: 70552"] Yeh, that’s the issue. If the buyer is waiting for it to get to the liquidation stage and buy Worcester’s assets on the cheap. But that would screw Worcester RFC in the meantime and can’t operate as a going concern and I am sure Premiership would have to act. Their “share” of premiership rugby - presumably the TV rights etc which are intangible assets. And Will will need to be valued and sold off as part of any liquidation process. But I think more likely it’ll get to administration before getting to a liquidation stage if these so called buyers back out. [/QUOTE]
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Rugby Union
Premiership Rugby / Premiership Cup
We Need to talk about Worcester
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