If Derek gets his money back and we don't have a club then I am afraid he won't be fondly remembered. If he doesn't get his money back and we don't have a club then I suspect he will. It is probably that simple.
I'm sorry and I know this won't be popular but I think Derek has shafted the club in the end.
There is lots of comment and statements flying around but if we take most of it at face value, the £35M is believed to be £20M for the stadium and £15M for Derek.
I get that he invested and wanted it back, so can, to a point, understand that, however, that should have happened when the 'company' was profitable not when it was still losing £4-5M a year, but there are 2 key bits I don't get.
Yes the bond was held by Wasps Holdings, but the Bond was raised using the stadium as collateral as I understand we were all led to believe, therefore how can it be separate to Wasps Holdings? So if ACL and the stadium gets sold, lets say for £25M, then that is potentially £25M pure profit for Derek as all the purchase cost is the bond debt which gets written off against Wasps Holdings and we lose the team.
2nd point, the training ground, again, taking into account the statements made at the time, the money used to pay for it was the money given to Wasps from CVC, again, money that was given to 'the club' used to purchase a facility that now sits outside the club. Was the facility sold, or was it partially funded elsewhere and they now have total control of it, whichever way you look at it a nice expensive facility again obtained almost for free.
The Worcester owners have, quite rightly, come in for a load of stick but it feels to me that Derek is getting off scott free all because he 'saved Wasps' in the past. I'm not seeing much difference in the outcomes at the moment.