Irish-owned Wasps land £20m Ricoh arena deal

Irish-owned rugby club London Wasps is hoping its move to a new stadium will reduce its reliance on Derek Richardson.

12th October, 2014
Joe Launchbury of Wasps wins the lineout during a match between Saracens and Wasps. Picture: Getty

Irish-owned rugby club London Wasps is hoping its move to a new stadium will reduce its reliance on Derek Richardson, the Irish multimillionaire businessman, who has absorbed more than £10 million (€12.7 million) of the club's debts since taking it over last year.

Wasps has agreed a £20 million deal to buy a 50 per cent share in the Ricoh arena in Coventry as it seeks to secure its long- term future.

Traditionally one of the...

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