'Premiership in real danger of turning into F1,' says Wasps owner after launching retail bond on Stock Exchange
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'Premiership in real danger of turning into F1,' says Wasps owner after launching retail bond on Stock Exchange
Wasps claim to be on course to become the wealthiest club in world rugby within a year, but their owner, Derek Richardson, has made a staunch defence of Premiership Rugby’s salary cap, warning that to scrap it could lead to the league becoming “like Formula One” because of a lack of competition.
Wasps hope to raise up to £35 million over the next two weeks after becoming the first sports club to launch a retail bond listed on the London Stock Exchange.
The latest initiative comes after the club’s purchase of the Ricoh Arena in Coventry in October, a move that has led to Wasps’ average a…
Wasps hope to raise up to £35 million over the next two weeks after becoming the first sports club to launch a retail bond listed on the London Stock Exchange.
The latest initiative comes after the club’s purchase of the Ricoh Arena in Coventry in October, a move that has led to Wasps’ average a…
