Things are getting very heated over on the Warriors forum. They are all slowly coming to the (obvious) conclusion that I did. This is all a very big stitch up.
Here is the conspiracy theory.
Warriors went under. Only their owners to blame for that. Fair does.
Wasps (Holland and Richardson) see a way out of the huge mountain of debt Wasps are in. Let Wasps fail, buy Sixways from their administrator, Wasps go down a league, and come away with massively reduced debt and a more rugby centric, easier to operate ground.
Richardson sells his holdings in the EPIC to Holland, to appear to give Holland control and give him clean hands.
Wasps fail. Hollands buys the brand, doesn't bother to acquire the CBS Arena.
Holland helps Atlas buy Sixways and Atlas let Warriors die by officially refusing to pay rugby creditors (more of that later).
Just how much will the rugby creditors of Wasps amount to? Players wages, yes, but only insofar as they are not mitigated by the players getting work elsewhere (or even retiring and taking work in another trade).
Rugby creditors are not defined. Exactly how much of the player wages would be considered a rugby debt? Not a lot is my guess. Some ex players may even have been offered a contract at Wasps Mark II, on the condition that they do not make a claim. My guess is that Wasps have agreed to pay rugby creditors, with no intention of paying a penny unless forced to. Once they start playing in the Championship, they will invite claims to be made from rugby creditors, and refuse every claim, with each claim going to arbitration ...
At some point, Atlas will conveniently stop paying Holland, and he will foreclose, and take the land and stadium. Then what? Here's where it gets really smelly. Before they default, Atlas will start the process to get a change of use for (and demolition of) Sixways. I have little doubt Holland and Atlas already have a buyer lined up. Atlas will lose the stadium to Holland, just as the the deals and permissions are getting sorted.
You see, arguably, there is no longer a community need for Sixways, as Warriors no longer exists, and so don't need it. Ah, you say, aren't Wasps playing there? Not for long say Wasps, we have our own stadium back much nearer our fanbase and natural home ground (wherever the heck that is).
So, the potential developers of Sixways fund the building of the real Wasps Mark II stadium, at no overall cost to Holland or Wasps. Who the heck HAS funded it then? All the creditors of Wasps and Warriors, and the good folks of Worcester, who lose use of the ground.