Refinance Likely To Cover Wasps £35m Retail Bond

Wasps have confirmed the club might have to refinance its £35m bond scheme after financial experts consulted by the Coventry Evening Telegraph cast doubt on the club’s ability to repay its debt. Following the publication of the half year accounts for Wasps, the Telegraph sought expert analysis of the figures. Two accountants, and an internationally respected academic, all concluded that – at the current rate of return from activities - Wasps are unlikely to be able to meet its financial commitment to bondholders of repaying them in full by 2022. The experts also agreed that the club would prob…