CHAIRMAN Bill Bolsover says there will be no "asset stripping" at Worcester Warriors but a possibility of jobs being created under the new ownership.

A consortium led by Jed McCrory has taken over Warriors who were put up for sale by Sixways Holdings Limited in September last year.

Bolsover admitted the year-long process to sell the Premiership outfit had been “frustrating” for staff in the club’s commercial department.

But he said the deal with McCrory had been greeted with “a lot of relief” as the new group of backers look to take Warriors in the “right direction”.

“Rugby is a frustrating process as every club bar one is losing money,” Bolsover said.

“We have been very upfront in saying where we are and what we are going to do about it.

“I am really pleased to say that what we said we were going to do has come through as we have taken our time to get the right person.

“It has been frustrating for a lot of employees but not from the rugby side.

“We have got (director of rugby) Alan Solomons who is doing a very good job in holding that all together and driving that through.

“It has been tough for the other side of the business as they have been (poached) by other people that want to employ them.

“Now we have got the right base for us to go forward with the new team that are going to say ‘This is where we want to go for the next few years’.”

Errol Pope will be the primary funder alongside McCrory, Scott Priestnall and former Saracens and Sale Sharks player David Seymour.

“The rugby side feel they have not been affected in what has been going on,” said Bolsover on the atmosphere at Sixways.

“We have always paid the salaries and now we have a static coaching team and support.

“I think there will be a lot of relief on the commercial side.

“The commercial people are in long-term roles in their specific spheres and we have lost people in the last 12 months because they have had opportunities.

“(The takeover) will see us settle down on the commercial side and I see Jed and his team actually giving us a lot of support and help with their knowledge on what is happening commercially.”

When asked whether there would be any job cuts, Bolsover added: “I think if anything jobs will be created out of this.

“Jobs might be changed out of this but that’s life.

“This is not an asset-stripping process, this is an asset-building process.

“We need feet on the ground to make sure we get our sponsorship and employment up and get the club going in the right direction.”

Sixways Holdings Limited put the club and the 50-acre Sixways site on the market for £26.7million.

Bolsover refused to say how much the deal was done for but said the consortium had the “capability and commitment to invest millions of pounds into Warriors”.

“The assets here are very large and the important thing is to not only buy the assets but be able to put enough money into this club to see it going forward in the future,” Bolsover said.

“I am not prepared to discuss amounts but it is certainly part of the deal that money was put into this club to make sure cash was there to move it on for the next few years.”