On The Brink


By Buzzt
October 12 2022

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."

Bookmark or share this story with:

On The Brink
Discussion started by DrunkenWasps.com , 12/10/2022 14:29
DrunkenWasps.com
12/10/2022 14:29
What do you think? You can have your say by posting below.
If you do not already have an account Click here to Register.

tigersimon
12/10/2022 14:38
Thoughts with Wasps players, staff and supporters.

Daktari
12/10/2022 14:46
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.

SaintsAsh
12/10/2022 14:49
I am really hoping Wasps get this sorted. All the best.

bigfecker
12/10/2022 14:55
It's really not good.

Sadly I think most of the players will have to leave to find employment and a lot of backroom staff will be jobless.

The owners and board are to blame, nobody else.

I expect somebody to come in and pick up the assets after liquidation, along with CCFC.

I would fully expect next season to be playing out of the training ground at this rate, as the likely rent in Cov will be too high.

The focus of the new owners are likely to be the assets and CCFC, Wasps will be let go.

ukms
12/10/2022 14:57
[news.sky.com]

Very sad news indeed !

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 .

Buzzer
12/10/2022 14:58
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.

Bob
12/10/2022 14:59
Good luck to the staff, players and fans. Perhaps selling the Ricoh to CCFC and buying sixways would be a decent solution.

Aylesbury Wasp
12/10/2022 15:03
Quote:
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.

Westy68
12/10/2022 15:08
Absolutely shocking state of affairs for the players and staff, really do wish the players and staff all the very best

WaspieMatt
12/10/2022 15:18
Gutted.

WONKYWASP1
12/10/2022 15:28
Heartbroken

Groucho
12/10/2022 15:30
This is awful news, sorry. Just hope there is a resolution for all of us down the road.

Warriors fan

Shawshank
12/10/2022 15:38
From an LI fan, feel gutted for all you supporters.

Hopefully a way can be found for your great club to survive, and then rebuild.

Allez Wasps!

ROLLO
12/10/2022 15:50
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.

kentwasp1
12/10/2022 15:51
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

AwayGameWasp
12/10/2022 16:01
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.

Silent Bob
12/10/2022 17:05
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.

It goes on and on.

Allez, Allez, Allez forever.

Coughie
12/10/2022 17:41
Irish and Ealing merging? Interesting idea.

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. ~

dudleywarrior88
12/10/2022 19:30
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.

Worcester Sauce
12/10/2022 22:33
Quote:
Slap7
Good luck to the staff, players and fans. Perhaps selling the Ricoh to CCFC and buying sixways would be a decent solution.

Get f*****d. It’s this sort of arrogant, we’ll do what we want attitude that’s made you no friends in Coventry.

Buzzer
12/10/2022 22:35
How do you know slap7 is a wasps supporter? I’m a regular here and I’ve certainly never seen his name before

Monkey1
13/10/2022 00:14
slap7 appears to be yet another troll, mainly stirring on the Wuss message board. Just ignore him WS.

ukms
13/10/2022 06:13
Quote:
Worcester Sauce
Quote:
Slap7
Good luck to the staff, players and fans. Perhaps selling the Ricoh to CCFC and buying sixways would be a decent solution.

Get f*****d. It’s this sort of arrogant, we’ll do what we want attitude that’s made you no friends in Coventry.

WS calm down ...... that was posted by someone for the reason you have just illustrated .... to wind people up !

Westy68
13/10/2022 08:03
Quote:
ukms
Quote:
Worcester Sauce
Quote:
Slap7
Good luck to the staff, players and fans. Perhaps selling the Ricoh to CCFC and buying sixways would be a decent solution.

Get f*****d. It’s this sort of arrogant, we’ll do what we want attitude that’s made you no friends in Coventry.

WS calm down ...... that was posted by someone for the reason you have just illustrated .... to wind people up !

He isn’t a Wasps supporter

WONKYWASP1
13/10/2022 11:12
What he suggest is disgusting, arrogant and not viable. Thank heaven he isn't a Wasp. A Wasp would never suggest what he said. Apologies Wuss.

nick holder
13/10/2022 15:57
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?

Buzzer
13/10/2022 19:20
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.

Sorry, only registered users may post in this forum.
We record all IP addresses on the Sportnetwork message boards which may be required by the authorities in case of defamatory or abusive comment. We seek to monitor the Message Boards at regular intervals. We do not associate Sportnetwork with any of the comments and do not take responsibility for any statements or opinions expressed on the Message Boards. If you have any cause for concern over any material posted here please let us know as soon as possible by e-mailing abuse@sportnetwork.net