Wasps RFC - Administration

The administrators FRP have reported that the clubs debts spiralled completely out of control,
totalling up to £95m.
The combined debts of their parent company Wasps Holdings & 3 businesses running the
Coventry Building Society Arena has come to cost the taxpayer as well.
Coventry City FC are owed around £465,000
Wasps & operating companies running Coventry Building Society Arena owed over £21m to
various public bodies , a chunk of this comes from a £14.1m unsecured Covid Sport Survival
Package [SSP] loan, from the Department for Digital, Culture, Media & Sport [DCMS].
HMRC are owed £7m
Coventry Council £270,000 plus 2 other Councils, Police & Ambulance Service are owed
smaller amounts.

Reported Mike Ashley bought the Coventry Building Society Arena for £15.8m