Saturday's game at Exeter is off and the future of the club remains uncertain following the anouncement that Wasps Holdings Limited is to go into administration within days. The news comes after players and staff were summoned to a meeting at the training ground this afternoon.
The statement says: "Since filing a notice of intention to appoint administrators on 21 September, we have been working tirelessly to secure the long-term future for Wasps Holdings Limited, and all of the organisations and clubs that sit within the Group.
"Negotiations to secure deals that will allow the men's and women's rugby teams, netball team and the arena and associated business to move forward are ongoing.
"However, it has become clear that there is likely to be insufficient time to find a solvent solution for the companies within the group, and it is therefore likely that they will enter into administration in the coming days with a view to concluding deals shortly thereafter."
Its always the supporters , the staff , the players etc that are affected and suffer from the decisions of others, others whose motives and veracity must be examined . All the best to you all , you will come back stronger.
Regardless of all the verbal boxing that has been going on in the other threads .... this comes down to a lot of good men and women potentially losing their jobs, income etc and we should never lose sight of that however much we as supporters feel we are affected .
A very sad day and thanks for the support from fans from other clubs. After getting divorced last year and moving house from the family home of over 20 years, rugby has been one of my saving graces, despite wasps throwing away a number of winnable games. With my family issues, the war in Ukraine, the energy crisis, and the current financial situation, it really feels as this is one if not the final straw. Clearly there have been some very bad decisions made and financial mismanagement. Thoughts with all those players and staff who may be affected by this issue. Fingers crossed we can salvage something of a team from it.
Edited 1 time(s). Last edit at 2022:10:12:15:15:39 by Buzzer.
daktari Its always the supporters , the staff , the players etc that are affected and suffer from the decisions of others, others whose motives and veracity must be examined . All the best to you all , you will come back stronger.
Thanks for your kind words. Fully expected this to happen but it is still a bitter pill to swallow. Now clinging to the hope a buyer can be found quickly and relegation (or worse) avoided. Thoughts especially with all players and staff, season ticket holders (and yes, bond holders) who have been let down.
Very sorry to hear this news but it has seemed to be on the cards for sometine. As a Warrior I know what you are going through. Lets hope that solutions can be found in both our cases. At le ast you have your players until the end of the month at the earlist.
We have to rebuild. The three bids I was aware of all involved buying the stadium and no interest in rugby. Armstrong claimed to but with Venture Capital backers they wuld have no loyalty or long term interest in Wasps. So we can't have 160 years of history destroyed.
Hoping for a decent investor with a rugby heart who can pick us up and bring us to a 18k stadium near London and we can restart
Hey ho. I think those of us who were there got a lifetime's worth of joy watching Wasps during the 90s and 2000s. If this does prove to be the end of the professional club, at least it had that in its history.
Feel for everyone connected to the club who now face uncertainty and stress.
I have not posted on here for many years. It is an absolute choker for all the players, employees and fans of the club.
Its also a disaster for club rugby. Two less teams to play impacts the finances of all the other clubs, diminishes the TV deal and potentially the revenue driven from that.
Our best players will find homes at other clubs and that will impact their squad players who may lose their jobs.
Wasps and Ealing in the same division? I clearly prefaced my remarks with IF! Even IF Ealing are promoted and Wasps relegated I wouldn’t expect any Wasps support. Of course littlematt and others would stay loyal.
No special treatment for Wasps means no special treatment for Ealing or anyone else.
Good luck to Kent wasp with finding an 18k stadium. You”ll need a billionaire for that, not a mere millionaire.
Goodbye and Good luck with the Pre Pack, So long and Thanks for All the Fish etc.. And yes, the money could run out for Ealing as it has done at present for Wasps.
But that’s true for any other Sporting club, or indeed any other walk of life. Doesn’t stop us from trying though.
~ You never knowingly let the facts get in the way of the story. ~
If you follow our fate and go into administration and get relegate to the Championship, then as long as promotion stays, it could not be as bad as you think.
We were in the league in 2015 with Bristol and we had a great season. You extinguish your debts and get the chance to come back up debt free.
According to Wikipedia, your old club house at Sudbury still stands, I guess among the houses built on the ground. It is classed as "still the spiritual home" of the club. Is this true do you guys still visit and use it? If the worst happens do you think you will see if you can start again by playing at Vale Park, 2000 seats?
Didn’t know about that. I went round after they had built the housing estate decades ago just to see the rugby names of the roads, but it was too depressing. I used to man the barricades to the tiny car park, if the fields were too wet to use.
Never had call to be in that area since as I moved away.
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