Steve Hayes (businessman)

Last updated

Steve Hayes is an English businessman, and was the owner of Aviva Premiership rugby union side London Wasps.

Contents

Business career

Originally a double glazing salesman, Hayes also worked for his father-in-law selling secondary mortgages. [1]

In 1997 with David Cowham he founded loans.co.uk, a Watford headquartered finance broker. Hayes became Chief Executive, expanding the firm to become the UK's then leading finance broker, on an earnings package of £5.5million in 2004/2005. In June 2005, Cowham and Hayes sold loans.co.uk to MBNA for an undisclosed amount, reported to be worth £50million to each partner. [2]

Club ownership

Wycombe Wanderers

Hayes became a 25% shareholder in Wycombe Wanderers through an initial £250,000 investment in June 2004, when the football club became a plc. He later became managing director. [3]

In July 2009, following a shareholders' meeting, he took full ownership of Wycombe Wanderers, [4] in the process writing off £3m of the club's debt to him in exchange for shares. In June 2012 the Wycombe Wanderers Trust bought the club from Steve Hayes.

London Wasps

Hayes bought an 11.6% stake in London Wasps Holdings Ltd in August 2007, [5] [6] and became chairman of Lawrence Dallaglio's benefit committee. [7] In December 2008, Hayes bought Chrysalis Records founder Chris Wright's controlling interest and John O'Connell's shareholding in London Wasps to take complete control. [8] [9] [10]

In June 2012, a consortium led by former London Wasps player Ken Moss purchased the rugby club from Hayes.[ citation needed ]

References

  1. ↑ "loans.co.uk". fasttrack.co.uk. 2002. Archived from the original on 19 February 2006. Retrieved 3 December 2008.
  2. ↑ "Made it by 40". Daily Telegraph. 13 December 2006. Retrieved 3 December 2008.
  3. ↑ "MD holds interview". chairboys. June 2005. Retrieved 3 December 2008.
  4. ↑ "Club Statement". Wycombe Wanderers. 7 July 2009. Archived from the original on 19 July 2011. Retrieved 15 July 2009.
  5. ↑ "HAYES BECOMES WASPS DIRECTOR". Wycombe Wanderers. 24 August 2007. Archived from the original on 19 July 2011. Retrieved 3 December 2008.
  6. ↑ "Steve Hayes Announced as Wasps Director". rugbynetwork.net. 24 August 2007. Retrieved 3 December 2008.
  7. ↑ "Loans.co.uk sponsor Wasps RFC challenge". Loans.co.uk. 15 May 2004. Retrieved 3 December 2008.[ dead link ]
  8. ↑ "Wycombe chief takes control at Wasps". The Times. 3 December 2008. Retrieved 3 December 2008.[ dead link ]
  9. ↑ "Steve Hayes unveiled as new London Wasps owner". thisislondon.co.uk. 3 December 2008. Archived from the original on 7 December 2008. Retrieved 3 December 2008.
  10. ↑ "Hayes takes over at Wasps". Sky Sports. 3 December 2008. Retrieved 3 December 2008.


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.