"Removed" - Wasps close part of the club as financial woes continue

Documents filed with Companies House show Derek Richardson gave up his stake in the training ground, based in Henley in Arden, on 13 May. 

Wasps has recently been under fire with its charity recently closing after failing to file its annual accounts.

The Coventry-based Wasps Community Foundation was "removed from the record" after failing to file its annual accounts, a club statement said.

The training ground is now under the sole control of another Wasps director, Christopher Holland

A statement from Wasps said: "The training ground was developed in a 50:50 partnership, and, now that the complex is completed, one of those partners, who is a director of Wasps, has taken sole ownership under a new company name designed to build on the EPIC brand.

"The training ground ownership matter is purely a commercial transaction," it added.

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