This morning, Wasps provided an update to their stakeholders and supporters regarding the ongoing efforts to rebuild and reinstate both their men’s and women’s rugby teams to elite-level competition.
After facing significant financial and operational challenges leading to the collapse of the Coventry-based club in late 2022, the owners unveiled a recovery plan in October 2023 centered around three main objectives: creating a competitive team aligned with Wasps’ principles, establishing sustainable financial backing for the recovery process, and securing a suitable stadium for hosting matches.
Having accumulated debts exceeding 100 million pounds prior to their downfall, the club now asserts that they have achieved two crucial milestones outlined in their comeback strategy.
“We’ve nailed down the crucial components: sustainable finance and a stadium. Now, all that’s left is the perfect competition to unleash our Wasps’ fury!
In a recent statement, the club revealed significant strides in securing a suitable playing ground and advancing plans for their future stadium. However, the hunt for the ideal competition is still on.
After being sidelined by the RFU’s decision to bar their entry into the championship due to funding concerns, Wasps is determined to find a league that not only matches their performance ambitions but also resonates with their values.
Stay tuned as Wasps buzzes closer to its triumphant return to the rugby arena!”
“Calling all Wasps fans! Your club needs you! Show your unwavering support and be a game-changer in our journey back to the top. Sign up now for our new database and become the driving force behind our return to competitive rugby.Every registration counts; together, we can make a difference! Join us today and be a part of history in the making.
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