EDWARD Griffiths is rumoured to be considering forming a consortium to take over loss-making Worcester Warriors.

According to The Rugby Paper, the former Saracens chief executive, who is a consultant at Warriors, is understood to be looking at buying the Aviva Premiership outfit.

Owner Greg Allen is believed to be set to put Warriors up for sale with the club suffering losses of more than £16million over the last three seasons.

Allen joined the board as a representative of club owners Sixways Holdings Limited in 2014.

But the club lost £5.5million in the 2014/15 season and £6.6million in 2015/16.

The Rugby Paper report says Warriors expect to announce losses in excess of £4million for last term.

Griffiths arrived at Sixways in January to help Warriors’ bosses on a short-term project to review the club’s rugby operations.

But he has remained in place with chairman Bill Bolsover saying this summer he had added “real value” to Worcester.

During his time at Saracens they won the Premiership in 2010/11 and reached the Heineken Cup final in 2014.

They also moved to the 10,000-capacity Allianz Park in 2013 after a number of years ground-sharing at Watford's Vicarage Road.

Griffiths has previously worked with Warriors director of rugby Gary Gold, who secured a one-year deal to stay at the club in April, at the Sharks in South Africa.

Since Griffiths’ arrival, the club announced a further management shake-up in June with Gus Mackay appointed managing director, replacing former chief executive Jim O’Toole in June.

Mackay’s responsibility is to strengthen the commercial arm of the club while Gold focuses on matters on the pitch.

The Sixways side have also cut down on their squad as 23 players left at the end of last season with 18 of them coming from the first team.

A Warriors spokesman said the club will be releasing a statement regarding the story.