Steve Hayes (businessman)

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

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]

Hayes became a 25% shareholder through an initial £250,000 investment in Wycombe Wanderers in June 2004, when the football club became a plc, and later became managing director. [3] Hayes bought an 11.6% stake in London Wasps Holdings Ltd in August 2007, [4] [5] and became chairman of Lawrence Dallaglio's benefit committee. [6] 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, [7] [8] [9] and in July 2009, following a shareholders' meeting, he took full ownership of Wycombe Wanderers, [10] 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. At the same time, 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. ↑ "HAYES BECOMES WASPS DIRECTOR". Wycombe Wanderers. 24 August 2007. Archived from the original on 19 July 2011. Retrieved 3 December 2008.
  5. ↑ "Steve Hayes Announced as Wasps Director". rugbynetwork.net. 24 August 2007. Retrieved 3 December 2008.
  6. ↑ "Loans.co.uk sponsor Wasps RFC challenge". Loans.co.uk. 15 May 2004. Retrieved 3 December 2008.[ dead link ]
  7. ↑ "Wycombe chief takes control at Wasps". The Times. 3 December 2008. Retrieved 3 December 2008.[ dead link ]
  8. ↑ "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.
  9. ↑ "Hayes takes over at Wasps". Sky Sports. 3 December 2008. Retrieved 3 December 2008.
  10. ↑ "Club Statement". Wycombe Wanderers. 7 July 2009. Archived from the original on 19 July 2011. Retrieved 15 July 2009.


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