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The Guardian report that Wasps have ambitious plans to build a new 24,000-seater stadium with a hotel and community leisure opportunities in the M40 corridor.
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Robert Kitson reports that the development, known as the Wasps Nest Stadium, is part of the club’s rebuilding plan after its financial collapse last year.
In February it was confirmed that Wasps had met the conditions required to take part in the second tier of English rugby and they side are looking to battle back into the top flight.
Wasps are now seeking funding for the project, with work scheduled to start in 2025, subject to planning and other permissions, and completion expected in time for the 2027-28 season.
The plan is central to the club’s vision of becoming “an inspirational sports business” and its ambition to return to the Premiership by the 2025-26 season. Wasps fell into administration last October, with 167 staff members being made redundant.
While the club has been cleared to play in the Championship from next season, a return to the top flight would require rebuilding the local supporter base and sourcing fresh investment.
As with their previous home in Coventry, the new stadium would feature a hotel, conference facilities and community leisure opportunities, with rugby revenues accounting for less than half the club’s total revenues by 2028. Wasps also aim to bring in an estimated £7m annually from brand-leveraged revenues from other stadium activities from 2027 onwards.
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The formal loss of the “P share”, which guarantees a share of centrally generated income and would cost at least £15m to repurchase, will makes things harder for the club. Premiership Rugby is in the process of buying back the share. However, the club plans to announce a new board of business leaders soon, tasked with ensuring that spending is constrained by revenues.
A spokesperson for Wasps told The Guardian that the documents outlined plans to meet the objectives of future sustainable ownership. “By definition, that requires ownership of a ground to meet the requirements of ‘brand leverage revenues’,” they said.
Comments on RugbyPass
A Turtle has more pace and leg drive than Owen Franks, so it’s a good thing he only had to run 90 metres for that try.
2 Go to commentsOh Tamati Tua was in the vastly over-rated Leon MacDonalds Blues system? Well, no wonder he was wasted, much like Emoni Narawa and Jacob Ratumaitavuki-Kneepkens under MacDonald. now look at them. Good thing Tua isn’t eligible, the Aussies latch on to any player who isn’t tied down.
2 Go to commentsMark Telea is a lot of things, but a defensive juggernaut has never been one of them. There will be far bigger tests in that regard for the youngster.
10 Go to commentsLove and respect to Fiji but not a chance outside of 7s
4 Go to commentsGood summation Ned. Agree the Canes were out-muscled for once (except at the scrum!) by a focused Brumbies outfit. Tua deserves consideration for higher honors after the way he humbled Jordie and the Canes defense. Thankfully, his lack of eligibility for Oz keeps him from Joe’s plans. While I also agree the injuries affected the Canes performance, some players seemed to lack focus and intensity for this match. Perhaps after the Blues demolished the Brumbies, they thought it was going to be easy? A good reminder that any slip up in preparation can have a big affect on the result. Brumbies deserved that win.
2 Go to commentsKarl Dixon should never have been appointed this fixture, absolute disgrace, He’s not much of a referee anyway, didn't have the balls to send his mate care off
5 Go to commentsBrilliant article! Harry of 8/9
1 Go to comments‘UK athletes' have been in the NFL from the start.
1 Go to commentsIt’s going to be Scott Barrett. He’s the coaches mate and captain of a previously elite team. Ardie a great option but scooter has worked with the coach and Ardie still as big a leader as needed.
23 Go to commentsI commend Colin Scotts bio All Balls. He was the first Aussie to make it to NFL. But he was poached and did a full apprenticeship at the University of Hawaii. He was 130kgs surfed played 1st grade cricket etc. big guy by normal but not NFL standards and a top athlete. Even then the nfl were picking up Tongans and Samoans for their natural size and explosive power. They want explosive power not cardio from the big boys so a guy like Taniela Tupou would have been good if picked up young enough. He has fast twitch and they’d bulk the little lad up and give him something to do. soccer teams set up academies and look for Over Sara’s talent eg Messi was at Barcelona since a teenager and harry kewell went to Leeds as a teenager like 16 or something.
11 Go to commentsThe article alludes to the fact that this isn’t about picking a captain. But picking a great captain. So who would make for a great All Black captain - not just an obvious or safe shoo-in? I’m not sure Ardie’s the guy and Barret doesn’t stand out either.
23 Go to commentsI guess we may all agree on the fact, that the ABs and Boks are the two in contest for No 1 in rugby history (the triple-A sort of) …. the Wallabies, England and France are the next tier, with Ireland being the new kid in town (AA) …. in my view it makes little sense creating imaginary competitions (unless you have too much time to waste)
45 Go to commentsWhat a joke. Total joke and the pundits commentating, all of whom know a bit about the game, could barely disguise their contempt. Reaching for the card then pulling back when he realised a red card would carry further match suspensions is simply not his decision to make. A clear and obvious influence on the outcome of this match and indeed, the championship path.
5 Go to commentsI like the idea, in NZ the Ranfurly Shield and NPC coexist, both having their own bragging rights. The World Cup would be the pinnacle, but the competition and travels of these trophies would be interesting.
45 Go to commentsDon’t worry Sonny bill Williams leave that awkward situation about the curfew in the pass whoever it was it doesn’t matter its no big deal we back our All Blacks through the storm and the thunder until we see the Sun light again.
42 Go to commentsWho listens to this retard? He was a massive liability as a player but obviously a media sensation
42 Go to commentsI’m not surprised by such ‘virtue signalling’ by Sonny Boy. Butter wouldn’t melt in his mouth. He’s such a pious Islamic muppet, imo.
42 Go to commentsI’ve actually never heard of the guy (then I don’t watch League as it is boring). But if he is good enough.. then good luck to him. If not, well, he can always return to league.
2 Go to commentsIt is pretty clear that by almost any measure that NZ are a more successful rugby nation than South Africa. Quite aside from the distasteful events during the last RWC final. NZ lead SA in all significant measurements.
45 Go to commentsDickson went to his pocket for a card, saw who it was, changed his mind and spoke at length to TMO. One angle clearly shows Care diving over a Saints player to kill the ball. 1st yellow, reason given for not Red was player was falling backwards. He was only falling backwards after contact with Lawes. Graham try should have stood. Mitchell did not have both hands on the ball, ball went forward from a Saints boot dragging over it. 2 intentional knock-on's. One of which had an overlap on the outside. If Quins are happy to win by intentional foul play, then it does not say much for them. Would appear to be a bad day for Karl Dickson, also for the RFU in appointing a Ref who spent 8 years as a player at one of the clubs.
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