Listening to Stephen Vaughan on the rugby pod, If there is to be wasps team next year it is highly likely that we will still be playing at the CBS. Really interesting listen….
Chose his words about Derek very carefully I thought
Very. But, he was quite clear, since Covid Derek appears to have sat back and said, enough is enough, I am out as soon as I can be. Fair enough, he has put a lot of time in, and a lot of money, and there comes a time ...
I'm not sure it was a case of out as soon as I can be, it was said that he was very clear that he wasn't going to be putting any more money into the sporting side of things. Totally agree and accept he's put plenty in and invested, certainly in the early days - He had a vision that I wished had of worked. Although wealthy, it's tens of millions and not hundreds and there comes a point where he can't keep ploughing cash into the Club.
Vaughan's words on Derek were very matter-of-fact; he's been clear that he's not willing to put anymore cash into the Club, he's keen to hold onto the Stadium side of things to retain or sell as it's profitable in it's own right and allows him to get as much of his investment back as possible and that although present, kept quiet during the announcement around Administration.
Both things can be true at once; that Derek has personally invested millions and was the driving force behind making the move to Coventry work but that latterly he has also said enough is enough and taken a step back from the playing side of things.