WORCESTER Warriors owners Colin Goldring and Jason Whittingham are "working through a number of options" with advisors to navigate the club through their financial situation.
Having been issued with a winding up petition by the HMRC last week, there have been widespread reports that the club could be entering administration this week.
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But the owners insist that communication with the relevant bodies is ongoing to try and find the best possible solution for everyone involved.
“There has been much speculation and rumour circulating in the media and among our supporters about the future of Worcester Warriors.
“Over the past week a lot of work has been done away from the media spotlight to try to navigate the club through the challenges that we currently face.
“That work continues, discussions are on-going and we are reviewing the options available to the club.
“We continue to work closely with HMRC, Premiership Rugby, the RFU and DCMS to find the best solution to the situation.
“We are very grateful for the support these organisations have shown to the club.
“We are now working through a number of options with our advisors.
“These include solutions for keeping rugby at Sixways and we will communicate further as soon as a decision has been finalised.
“We are grateful to our staff, supporters, partners, sponsors and suppliers for their commitment, loyalty and support during what has been a difficult period for all involved in the club.
“We also greatly appreciate the messages of concern and support that we have received from across the rugby world and the wider sporting community.”
The club's accounts are currently frozen due to the winding up petition and with the club's payroll due in eight days, the threat of players and staff having to leave the club become extremely real if a solution is not found.
The players returned to training on Monday after a weekend of not knowing what is going to happen.
Staff also remain out of the loop as confusion and doubt continues to loom over the club, just three weeks before the start of the Gallagher Premiership season.
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