Worcester Warriors won the 2022 Premiership Cup in May only to fall into administration a few months later.
Amidst allegations of severe mismanagement by its owners, the club racked up debts of over £30 million. A winding up petition was issued by HMRC over a reported £2 million unpaid tax bill and the club had no choice but to declare itself insolvent.
Red Flag Alert had long been aware of the financial difficulty at the club and warned our customers more than nine months before its collapse.
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