Belfast Telegraph

Home Sport Rugby

Wasps confident over sale of club

Wasps chairman Mark Rigby believes the cash-strapped Aviva Premiership club could be under new ownership in a matter of weeks.

Talks are at an advanced stage with a consortium believed to be headed by former Wasps player Ken Moss, who has made millions from the IT industry.

"The position with regards to the sale of the club is that terms are agreed, solicitors are instructed and we have entered into a period of exclusivity," Rigby said.

"We are now thrashing through the finer detail. As ever with a transaction of this type, there is always lots of detail to go through.

"I am pretty confident, particularly after securing Premiership rugby for next season, that the deal is firmly on track. I hope to see it concluded by the end of May."

It is understood the group also includes people with considerable sports commercial expertise, while a new stadium site has been identified close to the M40 just 10 minutes away from Wasps' existing Adams Park home in Wycombe.

Wasps, European champions in 2004 and 2007, faced the serious prospect of going into administration unless a buyer could be found.

But having secured their Premiership status, despite losing 14-10 at home to bottom club Newcastle on Saturday, the immediate future looks a whole lot brighter than it might have done.

Rigby has also paid tribute to Wasps rugby director Dai Young, whose admirable perseverance amid an injury-ravaged campaign reaped its reward on survival Saturday.

"What we have been really pleased with has been Dai Young's contribution in keeping the squad pointing forward in a very positive way while this cloud of uncertainty over ownership has hung over the club," he said.


From Belfast Telegraph