Wycombe Wanderers face High Court Winding up Petition

It was alleged on 5 March 2013 by some Wycombe Wanders FC fans that London Wasps, the London based Rugby club, had an unpaid debt of up to £250,000 owed to the financially threatened football club. Fans believed that if the rugby club paid these debts to the football club by the 14 March 2013 then they would avoid their High Court hearing scheduled for 25 March 2013.

London Wasps have however moved quickly to quash claims that the football club is facing a winding up order because of unpaid Wasps debts.

A London Wasps’ statement issued on 5 March 2013 confirmed “that there are currently no amounts outstanding between the two clubs, except for the usual day-to-day trading balances arising in the normal course of business under the clubs ground sharing agreement. The management teams of the two clubs are in frequent contact and the relationship between the two remains cooperative, productive and mutually supportive”. Wycombe Wanderers have not responded to this statement.

Interestingly, London Wasps were in a similar position to Wanderers this time last year, when they were themselves presented with a winding up petition when they faced going out of business because of lack of funds. However, fortunately for the club, a consortium led by Ken Moss stepped in with a short-term solution and it is understood the club is now poised to announce new, long-term investors.

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