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governing body had to say today. and it s another big night in the champions league as chelsea, looking for their first win in the competion, take on ac milan. also coming up on the programme before 7: the vote for the bbc women s footballer of the year is now open we ll tell you the five nominees you can pick your winnerfrom. welcome along, thank you forjoining us. we start tonight with rugby union, and the continuing crisis at worcester warriors. today the company which holds the contracts of players and some staff has been liquidated in the high court. it s been a devastating time for all associated with the club. how did we get here? on the 17th of august, worcester confirmed they remained in dialogue with hmrc over the threat of a winding up petition over an unpaid tax bill of approximately 6 million pounds. by the end of august, players and staff were warned that they wouldn t be paid on time and some handed in their notice. on the 21st of september worcester we ....
headline i m intrigue, the novelist in me is intrigued by the headline, describing it as a fire sale. and that connection is quite scary. but as often happens with the economics, and certainly in terms of fiscal situations, one person s fire sale is another person s opportunity. and the ft quotes several private equity firms who are talking about how these economic conditions are actually very attractive for people who want to buy some of those assets, and some of the pension funds will have to deep dig to get more liquid assets like property. but for everyone who s having to make a sale, there s also someone who will have to make a purchase. and that is how the markets operate. and i think what worries me is a former investment banker about what s been happening over the last two weeks is this sense that everything is a snapshot and looking very scary, whereas if you can just hold your nerve and take a step back, and wait for things to settle, what you often find is ....
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