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<p>Throughout the pandemic the Government went above and beyond through the Sport
Survival Package to provide a range of sports organisations across the country with
generous financial support to ensure their survival throughout that difficult period.
The Premiership Rugby club, Worcester Warriors, who played at Sixways Stadium were
loaned money via the SSP.</p><p>In September 2022 Begbies Traynor were appointed as
Administrators of Worcester Rugby Football Club (WRFC) Trading and Joint Receivers
in relation to further companies within the structure of WRFC Trading. As Administrators,
Begbies Traynor have a duty to act in the best interests of creditors and so the Department,
as one of those creditors, has a limited role in those proceedings. It is for the
Administrator to determine the best course of action to deliver on this objective
in line with the Insolvency Act 1986 (as amended).</p><p>Bond Group should present
their best offer to Begbies Traynors, who can evaluate the proposal and discuss with
DCMS.</p><p> </p>
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