The Monday overview: Wasps launch bond scheme
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What we learnt this weekWasps launch pioneering bond scheme to fund key signings
Wasps have launched a groundbreaking bond scheme with the aim of raising
between £25-£35 million.
The club plan to use income from the 6.
5 per cent,
seven-year bonds to fund the recruitment of marquee players and increase the
size of the coaching team.
Wasps already spend close to the salary cap, but
the money raised from the scheme would allow them to increase their spending
on players should the cap be increased from its present mark of £5 million a
season.
The income will also assist
Wasps have launched a groundbreaking bond scheme with the aim of raising
between £25-£35 million.
The club plan to use income from the 6.
5 per cent,
seven-year bonds to fund the recruitment of marquee players and increase the
size of the coaching team.
Wasps already spend close to the salary cap, but
the money raised from the scheme would allow them to increase their spending
on players should the cap be increased from its present mark of £5 million a
season.
The income will also assist
