I'm just gutted. Been flagging this for years with our incredible £10m annual losses since 2014, been shot down every time. Gives me no pleasure to say it's been coming a long time.
I'm not sure if we are still banned from saying anything negative abut Wasps, but if I am banned it doesn't matter now anyway.
My point is I am amazed no-one here is angry with the useless incompetant Wasps board who has presided over this debacle, Eastwood Vaughan and Richardson in particular.
They have watched the disaster unfurl. £60M losses in 6 years. Waited until we hit the buffers and screwed the bond holders and loyal suppliers, with no plan B in 7 years of clear sight Coventry did and could not work.
Lied to people - quote Richardson recent statement
https://www.coventrytelegraph.net/sport/rugby/wasps-owner-derek-richardson-breaks-24747475So 160 years of history thrown under the bus. Yes we were going under in 2014, but all we have done is extend the pain whilst ruining our reputation with the financial community and rugby community, and taken money from good people with false promises - virtually nothing in the 2014 bond prospectus came to fruition
I was interested to see what hey had to say tonight, but the Wasps website is down
It's not over, possible we can rise but not with the current 3 bids I am aware of. All three want the stadium and not the rugby club, even Armstrongs backers are venture capitalists who will be out for a fast buck
For me if we can find a proper rugby backer soon, who can honour the debts to the bondholders, sell the stadium and retain some staff and players, then get us back to within the M25 or near as hell, we can get back into premiership rugby with a future. And an 18,000 capacity stadium