Premiership Wasps' owners say negotiations with potential investors and funders are 'at relatively advanced stage' - The Coventry Observer

Premiership Wasps' owners say negotiations with potential investors and funders are 'at relatively advanced stage'

Coventry Editorial 4th Oct, 2022 Updated: 4th Oct, 2022   0

THE COMPANY which owns Premiership rugby club Wasps says negotiations with potential investors and funders are ‘at a relatively advanced stage’.

Wasps Holdings Limited released the statement after filing a second notice of intention to appoint administrators.

A spokesperson added: “This step has been taken to allow negotiations on securing its long-term future to continue and protect the interests of the group.

“Since filing the original notice of intention on September 21, a number of additional potential investors and funders have come forward.”




They added the company remained hopeful of securing a deal which would allow the group and the entities that sat within it to move forward.

“We would like to thank all stakeholders for their engagement during this process, and in particular the constructive support and approach provided by the RFU and PRL.


“This will continue to be vitally important as negotiations with interested parties proceed and we remain in regular dialogue with both organisations.

“While the financial circumstances facing the group are extremely challenging, we remain optimistic about a positive outcome and will keep our players, staff, supporters, partners, bond holders and suppliers updated as this process moves forward.”

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