It's interesting that when he was running Wasps Derek was hailed as an astute business man that knew a thing or two about success. There were many a post explaining you don't get to be as wealthy as Derek did without being on the ball, on top of your game etc etc. Now the majority view here seems to be support for the view that Derek was the unwitting victim of bad advice and couldn't possibly have known he had given up control of his business 'cause lawyers and advisors said it will all be OK. There's now't as fickle as folk I guess.
I for one hope it does get to court, only then will we get more detail about what went on. What was Derek hoping to achieve by moving the business to being based in Malta? There must have been an advertised upside to the move. I see Channel 5 have a programme about Malta on tonight, maybe that will shed some light on the benefits of being based there?
This isn't meant to be an anti-Derek rant, I was happy when he took over from Steve Hayes. I thought he represented vision and stability. However, I can't let him totally of the hook either, he was the owner when it collapsed and it would appear decisions he made contributed to it happening. If this case is to be believed he had no idea what he was doing, just following along with whatever he was "advised" to do. But there must have been a reason why.
Like a lot of people I'd just like to know why it happened, and see if there's anything to learn from it to stop it all happening again.