Wasps get stock exchange sting
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English Premiership side Wasps have launched a retail bond on the London stock exchange, which they hope could see them become one of the world's wealthiest clubs.
Wasps are hoping enough investors will take up the seven-year bond with a 6.
5 percent annual rate of interest to boost their finances by as much as £35-million (US$53-million, €49-million) and enable them to compete with the likes of wealthy French clubs such as Toulouse.
"We expect to be in that position either at end of this season or next season," Wasps' Chief Executive David Armstrong told BBC Radio Five Live.
Last…
Wasps are hoping enough investors will take up the seven-year bond with a 6.
5 percent annual rate of interest to boost their finances by as much as £35-million (US$53-million, €49-million) and enable them to compete with the likes of wealthy French clubs such as Toulouse.
"We expect to be in that position either at end of this season or next season," Wasps' Chief Executive David Armstrong told BBC Radio Five Live.
Last…
