Wasps takeover deal nearing completion

1:45pm Friday 29th June 2012 in Wasps By Andy Carswell

Wasps takeover deal nearing completion 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)

2:35pm Fri 29 Jun 12

Marmite XO says...

This is good news. Hopefully we'll have a sports team in the area after Wanderers fold.
This is good news. Hopefully we'll have a sports team in the area after Wanderers fold. Marmite XO

3:25pm Fri 29 Jun 12

Firm Bottom says...

Marvellous news - and a long time in coming. I hope it remains stable for the club for many years to come
Marvellous news - and a long time in coming. I hope it remains stable for the club for many years to come Firm Bottom

3:42pm Fri 29 Jun 12

Gerry47 says...

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 .
[quote][p][bold]Marmite XO[/bold] wrote: This is good news. Hopefully we'll have a sports team in the area after Wanderers fold.[/p][/quote]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 . Gerry47

5:08pm Fri 29 Jun 12

gpn01 says...

Gerry47 wrote:
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 .
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
ent
[quote][p][bold]Gerry47[/bold] wrote: [quote][p][bold]Marmite XO[/bold] wrote: This is good news. Hopefully we'll have a sports team in the area after Wanderers fold.[/p][/quote]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 .[/p][/quote]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 ent gpn01

11:56pm Fri 29 Jun 12

Timmy Pursey says...

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.
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. Timmy Pursey

12:16am Sat 30 Jun 12

Firm Bottom says...

Timmy Pursey wrote:
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.
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!
Typical ignorant comment from ill-informed blinkered people.
[quote][p][bold]Timmy Pursey[/bold] wrote: 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.[/p][/quote]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! Typical ignorant comment from ill-informed blinkered people. Firm Bottom

7:19am Sat 30 Jun 12

geoffW says...

gpn01 wrote:
Gerry47 wrote:
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 .
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 ent
Typical Sky Sports News, really up to date information!
[quote][p][bold]gpn01[/bold] wrote: [quote][p][bold]Gerry47[/bold] wrote: [quote][p][bold]Marmite XO[/bold] wrote: This is good news. Hopefully we'll have a sports team in the area after Wanderers fold.[/p][/quote]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 .[/p][/quote]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 ent[/p][/quote]Typical Sky Sports News, really up to date information! geoffW

7:28am Sat 30 Jun 12

Timmy Pursey says...

We coped pretty well for the previous 116 years before the Rosy cheeked lodgers turned up. "Our ground,Our Town" so do one!!
You can always put your Wasps shirt in your latest Fad draw, alongside your rubik cube and Acid house T-shirt.
We coped pretty well for the previous 116 years before the Rosy cheeked lodgers turned up. "Our ground,Our Town" so do one!! You can always put your Wasps shirt in your latest Fad draw, alongside your rubik cube and Acid house T-shirt. Timmy Pursey

8:00am Sat 30 Jun 12

gpn01 says...

geoffW wrote:
gpn01 wrote:
Gerry47 wrote:
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 .
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 ent
Typical Sky Sports News, really up to date information!
It was up to date when they published it.
[quote][p][bold]geoffW[/bold] wrote: [quote][p][bold]gpn01[/bold] wrote: [quote][p][bold]Gerry47[/bold] wrote: [quote][p][bold]Marmite XO[/bold] wrote: This is good news. Hopefully we'll have a sports team in the area after Wanderers fold.[/p][/quote]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 .[/p][/quote]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 ent[/p][/quote]Typical Sky Sports News, really up to date information![/p][/quote]It was up to date when they published it. gpn01

Comments are closed on this article.

click2find

Get Adobe Flash player
About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree