Julian Knight Rugby Football Begbies Traynor Britain Sporting Julian Knight Rugby Football Begbies Traynor Britain

Worcester ‘will probably not survive under any ownership’ without P share

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independent.co.uk

A parliamentary committee has been told Worcester will not survive under any ownership without retaining its P share.The Sixways club were relegated from the Gallagher Premiership on October 6 after the partial liquidation of their holding company WRFC Players Ltd a day earlier, owing to unpaid tax in the region of £6million being pursued by HM Revenue and Customs.While a consortium led by former Worcester chief executive Jim O’Toole was chosen last month as the preferred bidder to rescue the club by administrator Begbies Traynor, the debate over what happens with their P share continues.The P share entitles clubs to a slice of Premiership Rugby’s central revenue and relegated teams from English rugby’s top flight are able to hold onto it for a season but Worcester’s collapse into administration has left them liable to losing a potentially key revenue stream under a pre-emption right.Carol Hart, head of Worcester Warriors community foundation, appeared in front of the Digital, Culture, Media and Sport select committee on Thursday in an evidence session and highlighted the importance of the P share.Hart said: “(Former Worcester chairman) Cecil Duckworth spent 20 years building financial value into our P share and if we lose the P share, the club will probably not survive under any ownership.“That is my personal opinion.

I think we owe it to Cecil’s legacy and the legacy of the Allen family to make sure the P share is protected.”Robin Walker, an MP for Worcester, echoed Hart’s calls and showed a letter to DCMS chair Julian Knight that had been written to Premiership Rugby and Rugby Football Union asking them take into account the “very strong moral case” the Sixways club have to retain their P share.“What has happened here

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