Wasps takeover deal nearing completion
1:45pm Friday 29th June 2012 in Where I Live By Andy Carswell
Wasps takeover deal nearing completion
A TAKEOVER deal for Wasps rugby club has moved a step closer after contracts for the sale were exchanged.
A consortium led by former player Ken Moss has been looking to buy the club from current owner Steve Hayes.
They first made their move at the beginning of May when another proposal fell through, and after weeks of negotiations the deal looks set to be completed.
The club confirmed today that contracts between the two parties have been exchanged and full completion of the deal is set to take place in mid July.
In a statement the club said: “London Wasps are delighted to confirm that contracts have been exchanged on the sale of the Club to a new consortium headed up by former player Ken Moss, with full completion expected to take place in mid-July.
“Full details of the new ownership and future plans will be outlined once the deal is fully completed.
“The Club’s priority is now on ensuring the deal is complete within this timeframe as well as finalising arrangements for the Club’s future structure and operations.”
The takeover was first mooted after news broke in April that Wasps could go into administration and suffer possible relegation because of their financial problems.
Another consortium led by Barnet FC chairman Tony Kleanthous made a bid to take over the club but the deal collapsed.
Comments(9)
Firm Bottom
says...
3:25pm Fri 29 Jun 12
Gerry47
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3:42pm Fri 29 Jun 12
Marmite XO wrote:I strongly suspect that the new owners of Wasps will have plans to move their club back to London.
This is good news. Hopefully we'll have a sports team in the area after Wanderers fold.
So lets hope Wanderers don't fold, especially in their 125th year of representing Wycombe.
London Wasps have only been here for 9 years so shouldn't be too badly missed and you should still be able to see them when they move back to London, or if it's local Rugby you want there's always HWRUFC .
gpn01
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5:08pm Fri 29 Jun 12
Gerry47 wrote:I thought it was mentioned recently that a new stadium location "within 10 minutes of Adams Park" was being investigated? http://www1.skysport
Marmite XO wrote: This is good news. Hopefully we'll have a sports team in the area after Wanderers fold.I strongly suspect that the new owners of Wasps will have plans to move their club back to London. So lets hope Wanderers don't fold, especially in their 125th year of representing Wycombe. London Wasps have only been here for 9 years so shouldn't be too badly missed and you should still be able to see them when they move back to London, or if it's local Rugby you want there's always HWRUFC .
s.com/rugby-union/ne
ws/12551/7735323/Was
ps-rescue-deal-immin
ent
Timmy Pursey
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11:56pm Fri 29 Jun 12
Firm Bottom
says...
12:16am Sat 30 Jun 12
Timmy Pursey wrote:Your sporting ambassadors wouldn't exist if Wasps hadn't been here and they have a far greater fan base than Wanderers have so your pathetic 'Johnny Come Lately and Billy Bandwagon jibe is shameful!
The Towns long term sporting ambassadors the 'Wanderers' are back in the arms of its supporters and Town folk. So it will soon be time for the Johnny come latelys and Billy bandwagon jumpers, to pull up their squelching chinos and poodle of back to London.
Typical ignorant comment from ill-informed blinkered people.
geoffW
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7:19am Sat 30 Jun 12
gpn01 wrote:Typical Sky Sports News, really up to date information!
Gerry47 wrote:I thought it was mentioned recently that a new stadium location "within 10 minutes of Adams Park" was being investigated? http://www1.skysport s.com/rugby-union/ne ws/12551/7735323/Was ps-rescue-deal-immin entMarmite XO wrote: This is good news. Hopefully we'll have a sports team in the area after Wanderers fold.I strongly suspect that the new owners of Wasps will have plans to move their club back to London. So lets hope Wanderers don't fold, especially in their 125th year of representing Wycombe. London Wasps have only been here for 9 years so shouldn't be too badly missed and you should still be able to see them when they move back to London, or if it's local Rugby you want there's always HWRUFC .
Timmy Pursey
says...
7:28am Sat 30 Jun 12
You can always put your Wasps shirt in your latest Fad draw, alongside your rubik cube and Acid house T-shirt.
gpn01
says...
8:00am Sat 30 Jun 12
geoffW wrote:It was up to date when they published it.
gpn01 wrote:Typical Sky Sports News, really up to date information!
Gerry47 wrote:I thought it was mentioned recently that a new stadium location "within 10 minutes of Adams Park" was being investigated? http://www1.skysport s.com/rugby-union/ne ws/12551/7735323/Was ps-rescue-deal-immin entMarmite XO wrote: This is good news. Hopefully we'll have a sports team in the area after Wanderers fold.I strongly suspect that the new owners of Wasps will have plans to move their club back to London. So lets hope Wanderers don't fold, especially in their 125th year of representing Wycombe. London Wasps have only been here for 9 years so shouldn't be too badly missed and you should still be able to see them when they move back to London, or if it's local Rugby you want there's always HWRUFC .
Marmite XO says...
2:35pm Fri 29 Jun 12