REPORTS: Financially troubled Worcester Warriors could be sold

Reports this morning have revealed that Premiership side Worcester Warriors are poised to be put up for sale.

The Rugby Paper reports that the club have posted 16 million in losses over the last three years and that it is likely owner Greg Allen will now put the club up to be sold.

Worcester Warriors put up for sale in the face of mounting losses, £16m+ in last 3 years. Owner disillusioned-Rugby Paper

— Robin Davey (@robindavey01) September 3, 2017

In the 2014/15 season the club posted losses of £5.5million before making further loses of £6.6million in 2015/16. They lost a further £4 million last season.

It is also speculated that former Saracens CEO Edward Griffiths is interested in forming a consortium to buy out the struggling side. Griffiths has been involved with Worcester since January in a consultancy role.

Griffiths departed Saracens after sevens years at the club, an era in which the club began their rise to the top of domestic and European rugby. However the London club also racked up millions of pounds in loses.

Worcester Rugby Football Club dates back to 1871 and owes its foundations to the cleric Rev Francis John Eld.

In 2013 Dean Ryan was appointed Director of Rugby, but Ryan couldn’t prevent relegation during his first season.

In 2014 Warriors were promoted back to the Aviva Premiership after two nail-biting ties against Bristol Rugby in the Greene King IPA Championship final.

However last season – despite big name signing like Francois Hougarrd and Ben Te’o – they were once again involved in a relegation battle with Bristol.