FOLLOWING news that Wasps have applied to move in at Sixways with the RFU, there are developments on what that move might now look like.
It was confirmed on Wednesday that, following news that Atlas had completed their takeover at Worcester Warriors, Wasps had applied to the RFU to use Sixways as their home ground for next season.
In February of this year, Atlas had stated that Wasps would be arriving at Sixways on a minimum three-year deal, working in a partnership with Warriors as both clubs aimed to return back to top-flight rugby.
It was originally thought that Wasps would be based at Sixways as tenants, but new developments suggest there is maybe more to it than that.
Companies House shows that a debenture (link to full document) - a loan agreement in writing between a borrower and a lender that is registered at Companies House - taken by Atlas Worcester Warriors, is held by Loxwood Holdings.
Loxwood Holdings is Christopher Holland's company, the man who is director of the company that has bought Wasps out of administration.
Wasps did provide a response to the news about the loan, saying: "Our loan to Atlas, secured by the debenture, is simply a means of securing our agreement to enter a three-year lease for Sixways Stadium.
"We have no interest at all in the property, other than a lease to play first-class rugby in the stadium."
It would form a closer relationship between Wasps and Worcester that, some feel, could end in a possible merger between the clubs.
It was reported last year that the previous Warriors owners; Jason Whittingham and Colin Goldring, did officially propose the merger, something that was immediately shut down by Wasps.
Atlas' O'Toole was asked about it on the BBC Hereford & Worcester 'Warriors Podcast' Wednesday evening, but said; "I can't see it". But that was said before the news surfaced about the debenture loan.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel