Gambling giant 888 turns page from scandals with William Hill boost August 15, 2023 Betting giant 888 has said its acquisition of William Hill has helped boost its revenue up 165 per cent. The firm said in the six months ended 30 June, revenue flew up 165 per cent, with adjusted earnings before interest, tax, depreciation and amortisation up 211 per cent thanks to its purchase of world’s biggest [...]
Stumbling economy allows insolvency specialists Begbies Traynor to cash in after acquisition spree July 11, 2023 Insolvency specialists Begbies Traynor upped its dividend after it saw its pretax profit increase by half in 2023. Pretax profit climbed to £6m from £4m the year before, ahead of market expectations, leading the firm to up its dividend by nine per cent on last year to 3.8p. On an adjusted basis, which excluded the [...]
Worcester Warriors owners dealt blow as foundation severs ties, citing effort to “dispel unambiguously any connection whatsoever” with Atlas consortium June 14, 2023 The Worcester Warriors Foundation is to move away from Sixways Stadium in an effort to “dispel unambiguously any connection whatsoever” with the club’s new owners Atlas. Atlas consortium, led by former chief executive Jim O’Toole and ex-professional player James Sandford, purchased former Premiership club Worcester Warriors after it fell into administration in the early part [...]
Begbies Traynor: Jump in businesses going bust lifts firm’s profit guidance May 22, 2023 Begbies Traynor expects its annual sales and profits to trade ahead of market expectations thanks to a surge in the number of businesses going insolvent.
Worcester fan group: We don’t want ‘cuckoo club’ Wasps May 9, 2023 A new fan group representing recently purchased rugby team Worcester Warriors have called on the sport’s governing body to block a proposition that would see fellow strugglers Wasps move to their stadium. Following the completion of a deal between the Atlas consortium and administrators Begbies Traynor for Worcester Warriors, it emerged that Wasps owner Chris [...]
Opinion: Worcester Warriors and a defence of the RFU May 5, 2023 Governing any sport is never easy. It is a slog of monstrous proportions where failure to please the masses is almost guaranteed. The Rugby Football Union (RFU) cannot claim to have an unblemished record but, so far at least, in the case of Worcester Warriors, they haven’t put a foot wrong. English rugby’s bigwigs have [...]
Exclusive: Wasps apply to RFU to use Worcester Warriors’ Sixways Stadium May 3, 2023 Former Premiership club Wasps have applied to the Rugby Football Union to play at Worcester Warriors’ Sixways Stadium from next season, City A.M. understands. The Coventry-based club fell into administration just weeks after the Warriors but with news of the Atlas consortium’s purchase of Worcester earlier today, it is understood that Wasps have asked the [...]
D-Day for Worcester Warriors as deadline looms for rugby club May 2, 2023 It is D-Day for former Premiership rugby club Worcester Warriors with the deadline between the proposed owners Atlas Consortium and administrators Begbies Traynor set to expire today. The administrators, who took over the club in September, swapped contracts with Atlas – led by former Worcester chief executive Jim O’Toole and ex-player James Sandford – on [...]
Worcester Warriors set to lose P Share amid sale to Atlas Consortium April 25, 2023 Troubled former Premiership rugby club Worcester Warriors are set to lose their “P Share” imminently, even if their sale is finalised next week, say administrators. The side’s future has been in doubt since entering administration in September, and preferred bidder the Atlas consortium has been told it must complete a buyout by 2 May. In [...]
Exclusive: Diamond stands ready to save Worcester Warriors if Atlas deal collapses April 18, 2023 Former Worcester Warriors boss Steve Diamond stands ready to rescue the financially stricken rugby club amid growing uncertainty over whether the Atlas consortium will meet a looming deadline to complete their purchase. Sources close to the situation told City A.M. that Diamond and previous Worcester Warriors sponsor Adam Hewitt maintain their interest in the club, [...]