Former Worcester Warriors chief executive Jim O’Toole is optimistic a newly formed consortium could save the club from administration. O’Toole is spearheading the takeover bid, backed majority by a US company with additional backing from Worcester companies.

He took another step forward on Tuesday afternoon after positive conversations with US investors and the club administrator.

“Things have happened quickly over the past 24 hours,” O’Toole told the PA news agency. “The on-pitch group has put together some thoughts on what a long-term sustainable business plan would look like, using club, ground, stadium assets, etc.

“Then I had a meeting with my American client this afternoon and they said, ‘We would really like to see if we can help. We would like to be part of this consortium, can you please go ahead and push the buttons you need to start this process. »

And after a subsequent meeting with the administrator, O’Toole said, “We are now very clear about what we need to get to the stage where we can get a quick decision from the stakeholders involved.”

These stakeholders include the Rugby Football Union (RFU), Premiership Rugby and investors CVC Capital Partners, as well as the directors of Warriors.

Worcester is believed to be on the verge of administration following a wind-up petition over unpaid taxes issued by HM Revenue & Customs last week. Owners Colin Goldring and Jason Whittingham said they remain in discussions with HMRC, Premiership Rugby, the RFU and the Department for Digital, Culture, Media and Sport.

Although O’Toole did not directly name the potential American investors, he said they had “multiple interests in the sport, but they are a real conglomerate with fingers in many pies and interests in many industries”.

They became interested in the Warriors’ situation, he said, when the club’s history was brought up in a meeting about a separate sports marketing project – simultaneously O’Toole had been approached by a man local businessman from Worcester asking if there was anything he could do.

“It’s a strong business proposition,” he said. “Because despite the pickle the current owners have gotten themselves into, they have had some very smart ideas on how to monetize the venue and the club. Some of them will certainly be ideas that can be picked up and developed in a slightly different way.

O’Toole has not been, as he puts it, ‘on the pitch’ with the players facing possible unemployment, but still lives in Worcester and described the atmosphere as ‘dark and very stressful for them and their families. . And of course the supporters who have supported this club in its current form since 1995.”

He added: “It is very difficult to imagine the city of Worcester without a professional rugby club knowing what that means to so many people. So if I can help facilitate the change of ownership, that would be great.

Asked if he thought fans would see the Warriors on the pitch in their season opener, scheduled for September 10 at the London Irish, O’Toole added: “If all goes well , we have a chance.”

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