London Wasps Takeover Near Complete

London Wasps have announced that they have almost completed the sale of the Rugby club to a consortium led by former player Ken Moss.

Both parties have exchanged contracts for the sale of the club.

Moss turned emerged as the front-runner to takeover the club when talks with a different party failed to materialise back in April. The club now expect the takeover to be completed by mid-July in a move that will bring Steve Hayes’ four-year ownership of the side to an end. 

The news of the takeover was announced through a statement on the club’s website which also said: “The club’s priority is now on ensuring the deal is complete within this timeframe as well as finalising arrangements for the club’s future structure and operations.”

The club has been up for sale since last July in a move that was sparked by Wycombe district council’s decision to not back plans for a new stadium. 

The club was threatened by administration at one stage, but things have swiftly changed for the Wasps.