• Club to stay at Wycombe's Adams Park 'for foreseeable future' • Consortium has bought out former owner Steve Hayes

This article is more than 8 years old

This article is more than 8 years old

London Wasps have confirmed that a consortium has taken full ownership of the Premiership club.

The group, driven by the former Wasps flanker Ken Moss, had been in talks for several months to take charge at Adams Park.

Contracts were recently exchanged, with the consortium purchasing shares held by the previous Wasps owner, Steve Hayes.

The club confirmed that they will continue to play at Adams Park in Wycombe "for the foreseeable future", but added that the new owners had placed a "long-term priority" on developing a new stadium.

The former Wasps captain Mark Rigby will remain in his current role of club chairman, while David Thorne has already started work as the club's new chief executive.

Rigby said: "We are delighted to confirm the completion of the sale process following the agreement of terms in recent months. It has undoubtedly been a lengthy process and there have been some complex financial issues involved, but we are pleased that the situation finally has been resolved.

"The vision of everyone involved in the consortium who will take the club forward is to ensure that London Wasps becomes a sustainable business long-term.

"We are also in the process of finalising a number of new sponsorship deals which, now we have confirmed ownership, will be progressed strongly."

Rigby also paid tribute to Hayes, adding: "I would like to thank Steve for his financial support over the last few years which shouldn't be underestimated."